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Discussion Topics for Today's Classroom

Why America’s $2.9 Trillion Medical Industry Still Runs on Paper Payments

Posted June 15th, 2015 by Brahm Canzer & filed under Part 1 Business in a Global Environment, Part 3 Management: Empowering People to Achieve Business Objectives, Part 6 Managing Financial Resources.

Description: Paying medical bills is as inefficient as it was 15 years ago, and the cost is high

Source: Bloomberg.com

Date: June 10, 2015

Link: http://www.bloomberg.com/news/articles/2015-06-10/why-america-s-2-9-trillion-medical-industry-still-runs-on-paper-payments

Questions for Discussions:

  • Why is management of the medical industry slow to adopt electronic payment technologies?
  • How can this problem be solved by way of incentives or penalties?

Tags: Business Ethics and Social Responsibility (p34) Competing in World Markets (p104) Economic Challenges Facing Contemporary Business (p70) Financing Management (p566) Human Resource Management : From Recruitment to Labor Relations (p252) Management Leadership and the Internal Organization (p216) Production and Operations Management (p314) The Changing Face of Business (p2) The Financial System (p532) Top Performance through Empowerment Teamwork and Communication (p284) Understanding Accounting and Financial Statements (p498)

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