IA01: Stay Current

John Noseworthy is the CEO of the highly esteem health system, the Mayo Clinic (Noseworthy, 2018). The Mayo Clinic was developed by two brothers, Dr. Will Mayo and Dr. Charlie Mayo to help find cures or medical advancements for those with serious illnesses or disabilities (Noseworthy, 2018).  Dr. Will Mayo and Dr. Charlie Mayo's new medical innovation that established its core value in the foundation of teamwork (Noseworthy, 2018).  Noseworthy (2018, para. 1) commented, "... The combined wisdom of peers is greater than that of any individual." Teamwork combines the ideas and thoughts of coworkers and the individual create the most optimum solutions for the patients of the Mayo Clinic, especially with the increasing interdependency of the industries (Noseworthy, 2018).  Noseworthy (2018, para. 2) explains, "Consider, for instance, Alzheimer's Disease and the opioid epidemic in the U.S. These aren't just health-care problems; they pose as an enormous socioeconomic burden."

Health-care dilemmas today seem to be increasing as the divide between what is a human right and money becomes more and more debated and changed. As different political views change so does the cost and access to care for certain individuals (Noseworthy, 2018). To obtain the care needed for these patients’ health-care providers now have to exceed their expected duties and boundaries to form partnerships and collaborate with other organizations such as insurance companies, biological companies, pharmaceutical companies or forms of transportation to help them give their patients the most adequate and easily obtainable care (Noseworthy, 2018).  But having an effective and successful collaboration is a difficult task to accomplish with barriers such as not enough funding, competition and/or differing and disagreeing organizational cultures and views (Noseworthy, 2018).  Noseworthy (2018, para. 5) claims, "The power of collaboration is evident in the progress we have made toward redefining cancer as a chronic illness, with new methods of diagnosing and therapy such as predictive genomics, immunotherapies, and charged particles." The collaboration of governments, foundations, global organizations, pharmaceutical companies, such as the World Dementia Council, can help improve the health of the citizens of the world (Noseworthy, 2018).  Also, the combination of artificial intelligence, computer science, regenerative medicine has allowed patients to gain health-care through the access of computers and cell phones or other technologically mobile devices (Noseworthy, 2018). Noseworthy (2018, para. 9) says, "We must strengthen this commitment to teamwork across sectors and in public-private partnerships, keeping our eye on the patient- who must always remain at the center of our efforts."

This article relates to topics expressed in the textbook and in lecture. First of all, when running a business, no matter the type, you are always working or interacting with people, whether it is employees, customers, suppliers, banks, attorneys or other companies. Teamwork is a core value and skill when running a business, whether it is a sole proprietorship, a partnership or any type of corporation (Collins, 2018). Like discussed in the article, teamwork helps a business gain access to the appropriate resources. For example, if health-care providers are not willing to exceed their boundaries they would not be able to provide the best possible solution for their patients. In efforts to gain these resources nationally, the act of trading can be involved. Trading is usually international because no national economy can produce all the goods and services that its citizens need (Collins, 2018). Within an individual business there are a variety of departments that support the business such as management, operations, marketing, accounting and/or finance (Collins, 2018). These amenities can either be within the business or come from different suppliers such as suppliers of goods or services (Collins, 2018). No one person is equipped with all the knowledge needed to successfully run a business. Effective communication skills are necessary to promote teamwork and collaboration in order to have optimal performance. Key points of a successful business include; knowledge of the nature of your business, understanding basic tenets of business management, maintain a proper attitude, secure adequate funding, manage money efficiently, foster effective time management strategies, understand how to manage people effectively, promote customer satisfaction, and have a working knowledge of how to compete (Collins, 2018).

My business for "Company Me" will be my journey to become a physical therapist. In certain instances, the physical therapist is the owner of the clinic or runs most of the major business operations for the clinic. For individual assignment 1, I chose an article from the health care section of the Wall Street Journal. Since, I am going into a health profession I thought it would be beneficial for me to choose an article that related to the business side of medicine. This article was the perfect one to describe business in the health profession and business in general. Especially in the health profession, you not only have to work alongside your co-workers, but you will also have to work alongside individuals in other healthcare professions. Also, you have to work with suppliers of goods and services because there is specific equipment needed to carry out the health care profession job that cannot be produced in the clinic. For individual assignment 2, I plan on choosing a health professions student or professional who has familiarity in the clinic as well as the business management side of the physical therapy profession. Choosing a role model in the health sciences or health profession will also allow me to relate the topics discussed during the interview into my own personal life. For my personal business plan in individual assignment 3, I will surround my Company Me around the values of dedication, integrity and compassion. Being in the health profession these values are important because you are working with patients who are going through a difficult illness or injury and you need to be dedicated and compassionate to help them and also have integrity with the work you do within your clinic or business. For individual assignment 4, I will try and find a business event where I can learn and network with those of the business department. Also, if possible I will look for someone who is in health professions and in the business department. Interdisciplinary networking is very important to securing a successful business plan. I will reflect on my past networking events to see what worked for me at those events, but also examine ways to improve my approach. For individual assignment 5, I will look to find a guest speaker from whom I learned the most. All the guest lectures will benefit me in my continuing career. So far, I have found the Nazil Saka and Rebecca Harris guest lectures the most beneficial because they have both talked about the efforts in being an entrepreneur and the amenities here at Chatham University that will benefit me later on in the future.

References:

Collins, K. (2018). Exploring business (Vol. 3.0). Boston, MA: Flatword.

Noseworthy, J. (2018, January 17). John Noseworthy on the best cure in medicine: teamwork.

Retrieved January 18, 2018, from https://www.wsj.com/articles/john-noseworthy-on-the-best-cure-in-medicine-teamwork-1516200941