Assume you have been working as the Chief Operating Officer.docx
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The document discusses national healthcare expenditures in the United States. It reports that in 2014, national healthcare expenditures totaled over $3 trillion, accounting for 17.5% of GDP. Key drivers of rising healthcare costs include an aging population, new medical technologies and drugs, emphasis on specialty care, large numbers of uninsured/underinsured individuals, and volume-based reimbursement incentives. The Chief Financial Officer requests that the COO partner on a healthcare spending project that involves conducting a PESTLE analysis on macro environmental factors impacting costs.
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Part 1 Interest RatesMacroeconomic factors that influence inter.docx
Part 1: Interest Rates
Macroeconomic factors that influence interest rates in general
The variables influencing microfinance interest rates for MFIs can be characterized into two general gatherings: 1) interior – the components MFIs can impact: for example work costs, specialized help, creations; or 2) outer – political risks, full scale factors, authoritative risk, and four fundamental parts reflected in the microfinance interest rates: working costs, cost of assets, advance misfortune costs, and benefit. Working expenses speak to around 60 % of the all out MFI costs and generally rely upon the credit size, age, area and customer's appraising, and so on.
Macroeconomic factors is your industry most sensitive
Like most businesses, the carrier business is affected by the monetary cycle's pinnacles and troughs. The present development in created economies—like the U.S. that is driven by the extricating money related strategy—has brought about an ascent in business certainty, mechanical creation, and universal exchange.
Impacts on the interest rates experienced within your chosen industry
In any industry, the economy assumes a urgent job that incorporates the general development of the division, and common flight, with the ever-developing interest, is no special case. To give a major picture, Airbus GMF 2016 evaluations the 20-year interest for new traveler and cargo airplane to be a little more than 33,000 airplane comprising a market estimation of over USD $5.2 trillion underlining and setting up the effect of market development.
Part 2: Stock Valuation, Risk and Returns
Stock Valuation. As indicated by the Bureau of Economic Analysis (or BEA), the genuine total national output (or GDP) expanded 4% every year in 2Q14 in the wake of diminishing 2.1% in 1Q14. With financial and modern development, work rates have expanded. This has prompted higher genuine extra cash.
From Video
My company doesn't have stocks right now, so I'll use Costco Wholesale as an example to explain the stock valuation. Future Costco Wholesale Corp stock predictions formula:
P0 = Div1 / (r – g)
P0 = Stock Price;
Div1= Estimated dividends for the next period;
r = Required Rate of Return;
g = Growth Rate
In this formula, we need to know the value of estimated dividends for the next period; required rate and return as well as growth rate. Let’s get each number individually.
g: Growth Rate = Retention Ratio x ROE
0.52 x 0.24 = 0.1248
r: Required Rate of Return.
R = D / P0 + g
0.65 / 296.09 + 0.1248 = 0.1269
Div1: Estimated dividends for the next period is 65c. Therefore, the future Costco Wholesale Corp stock predictions are:
P0 = Div1 / (r – g)
0.65 / 0.0021 = $309.52
The present stock worth and the assessed stock worth utilizing the Dividend Discount Model is higher on account of the contenders are attempting to get into the membership segment showcase. Likewise, Amazon and Sam's club have improved their online store distribution centers. So all in all, financing an organi.
Part 1 Interest RatesMacroeconomic factors that influence inter.docx
Part 1: Interest Rates
Macroeconomic factors that influence interest rates in general
The variables influencing microfinance interest rates for MFIs can be characterized into two general gatherings: 1) interior – the components MFIs can impact: for example work costs, specialized help, creations; or 2) outer – political risks, full scale factors, authoritative risk, and four fundamental parts reflected in the microfinance interest rates: working costs, cost of assets, advance misfortune costs, and benefit. Working expenses speak to around 60 % of the all out MFI costs and generally rely upon the credit size, age, area and customer's appraising, and so on.
Macroeconomic factors is your industry most sensitive
Like most businesses, the carrier business is affected by the monetary cycle's pinnacles and troughs. The present development in created economies—like the U.S. that is driven by the extricating money related strategy—has brought about an ascent in business certainty, mechanical creation, and universal exchange.
Impacts on the interest rates experienced within your chosen industry
In any industry, the economy assumes a urgent job that incorporates the general development of the division, and common flight, with the ever-developing interest, is no special case. To give a major picture, Airbus GMF 2016 evaluations the 20-year interest for new traveler and cargo airplane to be a little more than 33,000 airplane comprising a market estimation of over USD $5.2 trillion underlining and setting up the effect of market development.
Part 2: Stock Valuation, Risk and Returns
Stock Valuation. As indicated by the Bureau of Economic Analysis (or BEA), the genuine total national output (or GDP) expanded 4% every year in 2Q14 in the wake of diminishing 2.1% in 1Q14. With financial and modern development, work rates have expanded. This has prompted higher genuine extra cash.
From Video
My company doesn't have stocks right now, so I'll use Costco Wholesale as an example to explain the stock valuation. Future Costco Wholesale Corp stock predictions formula:
P0 = Div1 / (r – g)
P0 = Stock Price;
Div1= Estimated dividends for the next period;
r = Required Rate of Return;
g = Growth Rate
In this formula, we need to know the value of estimated dividends for the next period; required rate and return as well as growth rate. Let’s get each number individually.
g: Growth Rate = Retention Ratio x ROE
0.52 x 0.24 = 0.1248
r: Required Rate of Return.
R = D / P0 + g
0.65 / 296.09 + 0.1248 = 0.1269
Div1: Estimated dividends for the next period is 65c. Therefore, the future Costco Wholesale Corp stock predictions are:
P0 = Div1 / (r – g)
0.65 / 0.0021 = $309.52
The present stock worth and the assessed stock worth utilizing the Dividend Discount Model is higher on account of the contenders are attempting to get into the membership segment showcase. Likewise, Amazon and Sam's club have improved their online store distribution centers. So all in all, financing an organi ...
This is assignment 1 that assignment 2 have to relate to. PLEASE..docx
This is assignment 1 that assignment 2 have to relate to. PLEASE.
Financial Statement Analysis
Student name
University
Professor
October 25, 2016
Financial Statement Analysis
Based on your review of the financial statements, suggest a key insight about the financial health of the company. Speculate on the likely reaction to the financial statements from various stakeholder groups (employee, investors, shareholders). Provide support for your rationale.
Health Management Associates, Inc. (NYSE: HMA) is the operator and owner-general acute care centers in the non-urban communities situated in the US, particularly in the Southwest. The organization was founded in 1977. The hospitals provide services such as oncology, emergency room care, general surgery, internal medicine, radiology, pediatric services, coronary care, and diagnostic care (
www.healthcaremanagement.com
).The company is also providing outpatient services like x-ray, respiratory therapy, one-day surgery, laboratory services, physical therapy as well as cardiology therapy. The mission of the Health Management is to provide America’s best local healthcare. They provide processes, capital finance, expertise, and people that can ensure that the local hospitals can accomplish their mission of delivering compassionate and high-quality healthcare that would substantially improve the lives of patients, the communities they serve, and the physicians providing the care
www.healthcaremanagement.com
)
With regard to the review of the current financial statement, HMA is in a dangerous financial state as a result of the present increasing debts and legal woes. The Office of the Inspector General, Justice Department, and the Department of Health and Human Services served the organization with summons regarding a software program that was used by ED doctors and the records from the emergency department. Some reports suggested that there was pressure from the company’s hospitals management to admit patients from emergency rooms so as to maximize profits. Paul Meyer, former compliance director, claimed that HMA’s fraudulent activities could attract government investigation (Britt, 2012).
The common stock of Health Management Associates was owned by almost 850 shareholders, as per the records of December 31, 2012, with hundreds of institutional investors included. HMA had expanded to include 70 hospitals situated in 15 states, with roughly 10,562 present licensed beds. In 2012, HMA realized about $5.9 billion in net revenue (Britt, 2012).
HMA gets payments for the services it renders from the federal government through the Medicare program, the states in which it functions under each Medicaid program, and commercial insurance, among others; and patients, encompassing deductibles and co-payments. Basically, deductibles and co-payments are part of the bill of patients for the medical services provided, which many government and private payers expect the patient to cater for. ...
Paper #1 - Due March 8Posted Feb 22, 2018 949 AMPaper #1 - Ad.docx
Paper #1 - Due March 8
Posted Feb 22, 2018 9:49 AM
Paper #1 - Advice for Success
Please, use: File Name: HCAD610-Paper1-[Last Name]-Spring-2018
(And it would be nice if each page had your name and a page number...!)
Given how rapidly HIT has evolved over the last decade, HIT references greater than 5 years old need to have a relevant historical context or clear justification for their use. Every assertion that you make needs to have a clear source and be supported by references. EVERY factual statement Must be referenced, individually, from a credible and verifiable source...
No Abstract or Cover Page Needed...
I hope the guidance below helps...!
Dr Freeman
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
You are the director of strategic communication for a non-profit suburban community hospital. The CEO has asked you to prepare a 3-7 page briefing paper that answers the following questions posed by the Board of Directors:
What does the US government mean by the concept “meaningful use?” How do myriad HIT systems support each other? Or do they?
Due End of Week 4.
1. Explain Gov’t term: “meaningful Use”; (15 points)
2. What US HIT systems have Problems and WHY? (25 points)
3. What Changes are needed in US HIT Systems? (25 points)
4. What HIT Strategy Steps are needed BY Hospital? (25 points)
5. Grammar, Referencing, Page Restrictions (10 points)
Evaluate U.S. HIT
Compare with that of other advanced nations? What contributes to this?
U.S HIT is behind when compared to other developed countries in the world. According to Davis, Stremikis, Squires, and Schoen (2014), “other countries have led in the adoption of modern health information systems, but U.S. physicians and hospitals are catching up as they respond to significant financial incentives to adopt and make meaningful use of health information technology systems.” What baffled me the most is that the U.S healthcare system remains the most expensive in the world and there is nothing to show for the high cost when compared to performance rating with other developed nations. The U.S remains at the bottom when it comes to healthcare performance in terms of quality care, access, efficiency, equity, and healthy lives (Davis et al., 2014).
I believe our government is to be blamed for poor HIT advancement in the U.S. This is because the U.S government is ten years late in making HIT a national major concern to support and invest in. I was surprised to find out that the U.S is one of the first nations in the world to fund and use HIT. So the question is how did end on the back bench when it comes to HIT advancement. Sullivan, Watkins, Sweet, and Ramsey (2009) reports that most of the early initiatives such as government funding and policies put in place to foster the growth of HIT have been either changed or stopped as a result of political, financial, and commercial pressures. “A National Center for .
7Expenditures, Cost Containment, and Quality of CareiSt.docx
7Expenditures, Cost Containment, and Quality
of Care
iStockphoto/Thinkstock
Learning Objectives
After reading this chapter, you should be able to
1. Discuss the relationship between expenditures and quality of care.
2. Explore the causes of inefficiency, waste, and cost overruns in American health care.
3. Outline the legal methods used to control, monitor, and remedy cost and quality problems in
American health care today.
4. Examine process improvement methods used by health care facilities that are designed to
eliminate redundancy and waste.
© 2019 Bridgepoint Education, Inc. All rights reserved. Not for resale or redistribution.
Section 7.1The Current State of Affairs
Introduction
During the past century or so, medical care in the United States has shifted from individual
doctor–patient interactions, typically within an office setting, to interactions in health care
facilities that continue to grow larger and more complex. Modern American health care has
become more highly specialized, technology centered, and fragmented—a phenomenon that
has been anticipated since the mid-19th century. The English sociologist Herbert Spencer
(2004) observed that as society increases in complexity, so do its social institutions. The
bureaucratic explosion within health care, therefore, seems less a symptom of inefficiency
and institutionalized excess and more a part of the necessary, long-term development of spe-
cialized sectors within advanced industrialized society (Toulmin, 1990).
Today, early 20th-century forecasts seem to aptly describe the current state of affairs. Physi-
cians increasingly work in large, complex medical centers and practice settings and tend to
see their scope of professional discretion minimized and finitely defined. The fear of going
beyond those clear limits frequently causes physicians to practice medicine defensively,
sometimes forgoing the ends of patient care to do so. Practicing under such constraints has its
advantages but can also distract physicians from their professional duties. For many patients,
medical care has become akin to conveyer-belt production. Continuity of care once meant
having the same health care professionals in a lifelong relationship with the patient. In the
new era of medicine, care is more likely to involve patients being scuttled between sometimes
dozens of different caregivers, very few of whom will even remember the patient’s name or,
in some cases, even meet with the patient one on one. As a result, patients may become suspi-
cious of their caretakers, sometimes even assuming an adversarial stance where once there
would have been warm acceptance (Phillips & Benner, 1994).
Most health care administrators and managers enter the profession with clear priorities on
patient care but soon feel incessant economic and regulatory pressures to protect their insti-
tution’s finances and public image. This is certainly part of any good health care administra-
tor’s job d ...
Understanding Health Accounts: A Primer for Policymakers
An update of the 2003 brief, this new primer provides an introduction to Health Accounts, the framework (System of Health Accounts 2011 or SHA 2011), and key steps involved in conducting Health Accounts exercises using SHA 2011 with particular emphasis on how policymakers can get involved to facilitate the process. The primer also includes country experiences illustrating show how Health Accounts data can be used for policy purposes, with specific attention to the importance of institutionalizing Health Accounts so that it may serve as an ongoing resource to policymakers.
Foreword Recommend Nash MD MBA
The document introduces a new textbook on financial management strategies for healthcare organizations. It discusses the high costs of healthcare in the US without commensurate health outcomes. The textbook is intended for healthcare administrators, physicians and executives to help navigate the complex financial systems in healthcare. It covers topics such as cost accounting, revenue cycle management, health IT, mental health programs, auditing and benchmarking. The introduction praises the comprehensive coverage of the textbook and recommends it highly for teaching and as a reference guide.
Recommended
Part 1 Interest RatesMacroeconomic factors that influence inter.docx
Part 1: Interest Rates
Macroeconomic factors that influence interest rates in general
The variables influencing microfinance interest rates for MFIs can be characterized into two general gatherings: 1) interior – the components MFIs can impact: for example work costs, specialized help, creations; or 2) outer – political risks, full scale factors, authoritative risk, and four fundamental parts reflected in the microfinance interest rates: working costs, cost of assets, advance misfortune costs, and benefit. Working expenses speak to around 60 % of the all out MFI costs and generally rely upon the credit size, age, area and customer's appraising, and so on.
Macroeconomic factors is your industry most sensitive
Like most businesses, the carrier business is affected by the monetary cycle's pinnacles and troughs. The present development in created economies—like the U.S. that is driven by the extricating money related strategy—has brought about an ascent in business certainty, mechanical creation, and universal exchange.
Impacts on the interest rates experienced within your chosen industry
In any industry, the economy assumes a urgent job that incorporates the general development of the division, and common flight, with the ever-developing interest, is no special case. To give a major picture, Airbus GMF 2016 evaluations the 20-year interest for new traveler and cargo airplane to be a little more than 33,000 airplane comprising a market estimation of over USD $5.2 trillion underlining and setting up the effect of market development.
Part 2: Stock Valuation, Risk and Returns
Stock Valuation. As indicated by the Bureau of Economic Analysis (or BEA), the genuine total national output (or GDP) expanded 4% every year in 2Q14 in the wake of diminishing 2.1% in 1Q14. With financial and modern development, work rates have expanded. This has prompted higher genuine extra cash.
From Video
My company doesn't have stocks right now, so I'll use Costco Wholesale as an example to explain the stock valuation. Future Costco Wholesale Corp stock predictions formula:
P0 = Div1 / (r – g)
P0 = Stock Price;
Div1= Estimated dividends for the next period;
r = Required Rate of Return;
g = Growth Rate
In this formula, we need to know the value of estimated dividends for the next period; required rate and return as well as growth rate. Let’s get each number individually.
g: Growth Rate = Retention Ratio x ROE
0.52 x 0.24 = 0.1248
r: Required Rate of Return.
R = D / P0 + g
0.65 / 296.09 + 0.1248 = 0.1269
Div1: Estimated dividends for the next period is 65c. Therefore, the future Costco Wholesale Corp stock predictions are:
P0 = Div1 / (r – g)
0.65 / 0.0021 = $309.52
The present stock worth and the assessed stock worth utilizing the Dividend Discount Model is higher on account of the contenders are attempting to get into the membership segment showcase. Likewise, Amazon and Sam's club have improved their online store distribution centers. So all in all, financing an organi.
Part 1 Interest RatesMacroeconomic factors that influence inter.docx
Part 1: Interest Rates
Macroeconomic factors that influence interest rates in general
The variables influencing microfinance interest rates for MFIs can be characterized into two general gatherings: 1) interior – the components MFIs can impact: for example work costs, specialized help, creations; or 2) outer – political risks, full scale factors, authoritative risk, and four fundamental parts reflected in the microfinance interest rates: working costs, cost of assets, advance misfortune costs, and benefit. Working expenses speak to around 60 % of the all out MFI costs and generally rely upon the credit size, age, area and customer's appraising, and so on.
Macroeconomic factors is your industry most sensitive
Like most businesses, the carrier business is affected by the monetary cycle's pinnacles and troughs. The present development in created economies—like the U.S. that is driven by the extricating money related strategy—has brought about an ascent in business certainty, mechanical creation, and universal exchange.
Impacts on the interest rates experienced within your chosen industry
In any industry, the economy assumes a urgent job that incorporates the general development of the division, and common flight, with the ever-developing interest, is no special case. To give a major picture, Airbus GMF 2016 evaluations the 20-year interest for new traveler and cargo airplane to be a little more than 33,000 airplane comprising a market estimation of over USD $5.2 trillion underlining and setting up the effect of market development.
Part 2: Stock Valuation, Risk and Returns
Stock Valuation. As indicated by the Bureau of Economic Analysis (or BEA), the genuine total national output (or GDP) expanded 4% every year in 2Q14 in the wake of diminishing 2.1% in 1Q14. With financial and modern development, work rates have expanded. This has prompted higher genuine extra cash.
From Video
My company doesn't have stocks right now, so I'll use Costco Wholesale as an example to explain the stock valuation. Future Costco Wholesale Corp stock predictions formula:
P0 = Div1 / (r – g)
P0 = Stock Price;
Div1= Estimated dividends for the next period;
r = Required Rate of Return;
g = Growth Rate
In this formula, we need to know the value of estimated dividends for the next period; required rate and return as well as growth rate. Let’s get each number individually.
g: Growth Rate = Retention Ratio x ROE
0.52 x 0.24 = 0.1248
r: Required Rate of Return.
R = D / P0 + g
0.65 / 296.09 + 0.1248 = 0.1269
Div1: Estimated dividends for the next period is 65c. Therefore, the future Costco Wholesale Corp stock predictions are:
P0 = Div1 / (r – g)
0.65 / 0.0021 = $309.52
The present stock worth and the assessed stock worth utilizing the Dividend Discount Model is higher on account of the contenders are attempting to get into the membership segment showcase. Likewise, Amazon and Sam's club have improved their online store distribution centers. So all in all, financing an organi ...
This is assignment 1 that assignment 2 have to relate to. PLEASE..docx
This is assignment 1 that assignment 2 have to relate to. PLEASE.
Financial Statement Analysis
Student name
University
Professor
October 25, 2016
Financial Statement Analysis
Based on your review of the financial statements, suggest a key insight about the financial health of the company. Speculate on the likely reaction to the financial statements from various stakeholder groups (employee, investors, shareholders). Provide support for your rationale.
Health Management Associates, Inc. (NYSE: HMA) is the operator and owner-general acute care centers in the non-urban communities situated in the US, particularly in the Southwest. The organization was founded in 1977. The hospitals provide services such as oncology, emergency room care, general surgery, internal medicine, radiology, pediatric services, coronary care, and diagnostic care (
www.healthcaremanagement.com
).The company is also providing outpatient services like x-ray, respiratory therapy, one-day surgery, laboratory services, physical therapy as well as cardiology therapy. The mission of the Health Management is to provide America’s best local healthcare. They provide processes, capital finance, expertise, and people that can ensure that the local hospitals can accomplish their mission of delivering compassionate and high-quality healthcare that would substantially improve the lives of patients, the communities they serve, and the physicians providing the care
www.healthcaremanagement.com
)
With regard to the review of the current financial statement, HMA is in a dangerous financial state as a result of the present increasing debts and legal woes. The Office of the Inspector General, Justice Department, and the Department of Health and Human Services served the organization with summons regarding a software program that was used by ED doctors and the records from the emergency department. Some reports suggested that there was pressure from the company’s hospitals management to admit patients from emergency rooms so as to maximize profits. Paul Meyer, former compliance director, claimed that HMA’s fraudulent activities could attract government investigation (Britt, 2012).
The common stock of Health Management Associates was owned by almost 850 shareholders, as per the records of December 31, 2012, with hundreds of institutional investors included. HMA had expanded to include 70 hospitals situated in 15 states, with roughly 10,562 present licensed beds. In 2012, HMA realized about $5.9 billion in net revenue (Britt, 2012).
HMA gets payments for the services it renders from the federal government through the Medicare program, the states in which it functions under each Medicaid program, and commercial insurance, among others; and patients, encompassing deductibles and co-payments. Basically, deductibles and co-payments are part of the bill of patients for the medical services provided, which many government and private payers expect the patient to cater for. ...
Paper #1 - Due March 8Posted Feb 22, 2018 949 AMPaper #1 - Ad.docx
Paper #1 - Due March 8
Posted Feb 22, 2018 9:49 AM
Paper #1 - Advice for Success
Please, use: File Name: HCAD610-Paper1-[Last Name]-Spring-2018
(And it would be nice if each page had your name and a page number...!)
Given how rapidly HIT has evolved over the last decade, HIT references greater than 5 years old need to have a relevant historical context or clear justification for their use. Every assertion that you make needs to have a clear source and be supported by references. EVERY factual statement Must be referenced, individually, from a credible and verifiable source...
No Abstract or Cover Page Needed...
I hope the guidance below helps...!
Dr Freeman
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
You are the director of strategic communication for a non-profit suburban community hospital. The CEO has asked you to prepare a 3-7 page briefing paper that answers the following questions posed by the Board of Directors:
What does the US government mean by the concept “meaningful use?” How do myriad HIT systems support each other? Or do they?
Due End of Week 4.
1. Explain Gov’t term: “meaningful Use”; (15 points)
2. What US HIT systems have Problems and WHY? (25 points)
3. What Changes are needed in US HIT Systems? (25 points)
4. What HIT Strategy Steps are needed BY Hospital? (25 points)
5. Grammar, Referencing, Page Restrictions (10 points)
Evaluate U.S. HIT
Compare with that of other advanced nations? What contributes to this?
U.S HIT is behind when compared to other developed countries in the world. According to Davis, Stremikis, Squires, and Schoen (2014), “other countries have led in the adoption of modern health information systems, but U.S. physicians and hospitals are catching up as they respond to significant financial incentives to adopt and make meaningful use of health information technology systems.” What baffled me the most is that the U.S healthcare system remains the most expensive in the world and there is nothing to show for the high cost when compared to performance rating with other developed nations. The U.S remains at the bottom when it comes to healthcare performance in terms of quality care, access, efficiency, equity, and healthy lives (Davis et al., 2014).
I believe our government is to be blamed for poor HIT advancement in the U.S. This is because the U.S government is ten years late in making HIT a national major concern to support and invest in. I was surprised to find out that the U.S is one of the first nations in the world to fund and use HIT. So the question is how did end on the back bench when it comes to HIT advancement. Sullivan, Watkins, Sweet, and Ramsey (2009) reports that most of the early initiatives such as government funding and policies put in place to foster the growth of HIT have been either changed or stopped as a result of political, financial, and commercial pressures. “A National Center for .
7Expenditures, Cost Containment, and Quality of CareiSt.docx
7Expenditures, Cost Containment, and Quality
of Care
iStockphoto/Thinkstock
Learning Objectives
After reading this chapter, you should be able to
1. Discuss the relationship between expenditures and quality of care.
2. Explore the causes of inefficiency, waste, and cost overruns in American health care.
3. Outline the legal methods used to control, monitor, and remedy cost and quality problems in
American health care today.
4. Examine process improvement methods used by health care facilities that are designed to
eliminate redundancy and waste.
© 2019 Bridgepoint Education, Inc. All rights reserved. Not for resale or redistribution.
Section 7.1The Current State of Affairs
Introduction
During the past century or so, medical care in the United States has shifted from individual
doctor–patient interactions, typically within an office setting, to interactions in health care
facilities that continue to grow larger and more complex. Modern American health care has
become more highly specialized, technology centered, and fragmented—a phenomenon that
has been anticipated since the mid-19th century. The English sociologist Herbert Spencer
(2004) observed that as society increases in complexity, so do its social institutions. The
bureaucratic explosion within health care, therefore, seems less a symptom of inefficiency
and institutionalized excess and more a part of the necessary, long-term development of spe-
cialized sectors within advanced industrialized society (Toulmin, 1990).
Today, early 20th-century forecasts seem to aptly describe the current state of affairs. Physi-
cians increasingly work in large, complex medical centers and practice settings and tend to
see their scope of professional discretion minimized and finitely defined. The fear of going
beyond those clear limits frequently causes physicians to practice medicine defensively,
sometimes forgoing the ends of patient care to do so. Practicing under such constraints has its
advantages but can also distract physicians from their professional duties. For many patients,
medical care has become akin to conveyer-belt production. Continuity of care once meant
having the same health care professionals in a lifelong relationship with the patient. In the
new era of medicine, care is more likely to involve patients being scuttled between sometimes
dozens of different caregivers, very few of whom will even remember the patient’s name or,
in some cases, even meet with the patient one on one. As a result, patients may become suspi-
cious of their caretakers, sometimes even assuming an adversarial stance where once there
would have been warm acceptance (Phillips & Benner, 1994).
Most health care administrators and managers enter the profession with clear priorities on
patient care but soon feel incessant economic and regulatory pressures to protect their insti-
tution’s finances and public image. This is certainly part of any good health care administra-
tor’s job d ...
Understanding Health Accounts: A Primer for Policymakers
An update of the 2003 brief, this new primer provides an introduction to Health Accounts, the framework (System of Health Accounts 2011 or SHA 2011), and key steps involved in conducting Health Accounts exercises using SHA 2011 with particular emphasis on how policymakers can get involved to facilitate the process. The primer also includes country experiences illustrating show how Health Accounts data can be used for policy purposes, with specific attention to the importance of institutionalizing Health Accounts so that it may serve as an ongoing resource to policymakers.
Foreword Recommend Nash MD MBA
The document introduces a new textbook on financial management strategies for healthcare organizations. It discusses the high costs of healthcare in the US without commensurate health outcomes. The textbook is intended for healthcare administrators, physicians and executives to help navigate the complex financial systems in healthcare. It covers topics such as cost accounting, revenue cycle management, health IT, mental health programs, auditing and benchmarking. The introduction praises the comprehensive coverage of the textbook and recommends it highly for teaching and as a reference guide.
Application of Pharma Economic Evaluation Tools for Analysis of Medical Condi...
Application of Pharma Economic Evaluation Tools for Analysis of Medical
Conditions: A Case Study of an Educational Institution in India
1 Dr. Debasis Patnaik, 2 Ms. Pranathi Mandadi
1Assistant Professor, Department of Economics, BITS-Pilani, K K Birla Goa Campus, Goa, India
2Research Scholar, Department of Economics, BITS-Pilani, K K Birla Goa Campus, Goa, India
ABSTRACT
The basic idea of a QALY is straightforward. The amount of time spent in a health state is weighted by the utility score given to
that health state. It takes one year of perfect health (utility score of 1) to generate one QALY, whereas one year in a health state
valued at 0.5 is regarded as being equivalent to half a QALY. Thus, an intervention that generates four additional years in a health
state valued at 0.75 will generate one more QALY than an intervention that generates four additional years in a health state valued
at 0.5. This paper discusses effect of self-medication on health care taking an educational institution population comprising of
students, teaching and non-teaching staff in 2011.
Keywords: Pharma economics, QALY, measuring clinical and health excellence
This course is based on previous courses taken in the MSHA program.docx
This course is based on previous courses taken in the MSHA program.
In general, there will be no additional new readings, but rather the course will be based on the reading materials required in program core courses.
The program core courses are listed below. Please refer to the lists of readings as they appear on their respective course syllabus pages.
Again, these readings should refresh your memory on the course topics, and serve you in responding to the Case, SLP, and Discussion assignments.
In the modular Background materials pages, the instructor has identified the course readings most relevant to the Capstone modular topic(s).
Module 1
Module 2
Module 3
Module 4
MHA506 - Health Care System Organization
X
X
X
MHA507 - Health Care Delivery Systems
X
X
X
MHM525 - Marketing in Healthcare
X
MHM502 - Health Care Finance
X
MHM514 - Health Information Systems
X
MHM522 - Legal Aspects of Health Administration
X
Running Head: MARKETING PLAN1
MARKETING PLAN 4
Marketing Plan
Shaneya Acker
Dr. Eric Oestmann
MHM 525
Trident University International
April 27, 2019
Contents
Cover Letter3
Introduction4
Geographical location4
Historical background4
Marketing Goals and Objectives5
Market Analysis6
Environmental Analysis7
Political and Legal7
Social and Cultural7
Consumer Analysis8
SWOT8
Strengths8
Weaknesses9
Opportunities10
Threats10
Marketing and Promotion strategies10
Marketing and Promotion Strategies13
References16
Cover Letter
This paper presents a marketing plan for Continuum health partners. Continuum health partners is an organization based in the metropolitan area of New York US. The main aim of the organization is to coordinate the operations of its members to keep the organization financially solvent by controlling costs in the highly competitive industry (Pronk et al., 2015). The plan outlines various goals and objectives which will help the organization succeed. Goals are used as a road map for the organization to achieve its vision. The plan also presents a market analysis for the healthcare industry.
The plan also presents an environmental analysis of political and social issues affecting the organization. Politics and policy issues affect the healthcare industry in a big way. For instance, the Affordable Healthcare Act has been used in the US for a while. However, the new incumbent government has promised that they will replace this Act. Social and cultural factors significantly affect the quality of healthcare for a community. Most people in the US are educated and this helps them to understand the importance of staying healthy. The paper also presents a consumer analysis of the healthcare sector.
Various strengths, weakness, opportunities and threats facing the organization are also discussed in details. One of the main strengths of the organization is its geographical location which ensures that consumers can easily access health care services within the city. Finally, the paper explores ...
CHAPter3ConneCting tHe strAtegiC Dots Does Hit mAt.docx
CHAPter
3
ConneCting tHe strAtegiC Dots:
Does Hit mAtter?
learning objectives
1. List and define five major challenges facing healthcare delivery systems
today.
2. Describe the complexity of these interrelated challenges for healthcare
and healthcare information technology.
3. Illustrate the history, development, and current state of healthcare
information systems.
4. Name and describe the four categories of healthcare information
systems.
5. Analyze the key priorities of healthcare information systems today that
will affect their future.
Healthcare information technology: the future is now
Healthcare delivery continues to be an information-intensive set of processes.
A series of Institute of Medicine (IOM 1999, 2001) studies suggests that
high-quality patient care relies on careful documentation of each patient’s
medical history, health status, current medical conditions, and treatment
plans. Financial information is essential for strategic planning and efficient
operational support of the patient care process. Management of healthcare
organizations requires reliable, accurate, current, secure, and relevant clini-
cal and administrative information. A strong argument can be made that the
healthcare field is one of the most information-intensive sectors of the US
economy.
Information technology has advanced to a high level of sophistication.
However, technology can only provide tools to aid in the accomplishment
of a wider set of organizational goals. Analysis of information requirements
in the broader organizational context should always take precedence over a
rush to computerize. Information technology by itself is not the answer to
management problems; technology must be part of a broader restructuring
of the organization, including reengineering of business processes. Alignment
1
Glandon-Proof.indb 3 6/10/13 11:40 AM
I n f o r m a t i o n S y s t e m s f o r H e a l t h c a r e M a n a g e m e n t4
of information technology strategy with management goals of the healthcare
organization is essential. Despite these cautions, effective design, implemen-
tation, and management of healthcare information technology (HIT) show
great promise (De Angelo 2000; Glaser and Garets 2005; Kaushal, Barker,
and Bates 2001; Smaltz et al. 2005a).
An essential element in a successful information systems implementa-
tion is carefully planned teamwork by clinicians, managers, and technical
systems specialists. Information systems developed in isolation by technicians
may be technically pure and elegant in design, but rarely will they pass the
test of reality in meeting organizational requirements. On the other hand,
very few managers and clinicians possess the equally important technical
knowledge and skills of systems analysis and design, and the amateur analyst
cannot hope to avoid the havoc that can result from a poorly designed sys-
tem. A balanced effort is required: Operational personnel contribut.
CHAPter3ConneCting tHe strAtegiC Dots Does Hit mAt.docx
CHAPter
3
ConneCting tHe strAtegiC Dots:
Does Hit mAtter?
learning objectives
1. List and define five major challenges facing healthcare delivery systems
today.
2. Describe the complexity of these interrelated challenges for healthcare
and healthcare information technology.
3. Illustrate the history, development, and current state of healthcare
information systems.
4. Name and describe the four categories of healthcare information
systems.
5. Analyze the key priorities of healthcare information systems today that
will affect their future.
Healthcare information technology: the future is now
Healthcare delivery continues to be an information-intensive set of processes.
A series of Institute of Medicine (IOM 1999, 2001) studies suggests that
high-quality patient care relies on careful documentation of each patient’s
medical history, health status, current medical conditions, and treatment
plans. Financial information is essential for strategic planning and efficient
operational support of the patient care process. Management of healthcare
organizations requires reliable, accurate, current, secure, and relevant clini-
cal and administrative information. A strong argument can be made that the
healthcare field is one of the most information-intensive sectors of the US
economy.
Information technology has advanced to a high level of sophistication.
However, technology can only provide tools to aid in the accomplishment
of a wider set of organizational goals. Analysis of information requirements
in the broader organizational context should always take precedence over a
rush to computerize. Information technology by itself is not the answer to
management problems; technology must be part of a broader restructuring
of the organization, including reengineering of business processes. Alignment
1
Glandon-Proof.indb 3 6/10/13 11:40 AM
I n f o r m a t i o n S y s t e m s f o r H e a l t h c a r e M a n a g e m e n t4
of information technology strategy with management goals of the healthcare
organization is essential. Despite these cautions, effective design, implemen-
tation, and management of healthcare information technology (HIT) show
great promise (De Angelo 2000; Glaser and Garets 2005; Kaushal, Barker,
and Bates 2001; Smaltz et al. 2005a).
An essential element in a successful information systems implementa-
tion is carefully planned teamwork by clinicians, managers, and technical
systems specialists. Information systems developed in isolation by technicians
may be technically pure and elegant in design, but rarely will they pass the
test of reality in meeting organizational requirements. On the other hand,
very few managers and clinicians possess the equally important technical
knowledge and skills of systems analysis and design, and the amateur analyst
cannot hope to avoid the havoc that can result from a poorly designed sys-
tem. A balanced effort is required: Operational personnel contribut ...
Integration of HEOR into Global Publication Plans
Communicating safety, efficacy, and value of a health care intervention through an integrated publication plan
Health care project.docx
This feasibility study examines a proposed health care project that would address the needs of a target population. It evaluates factors such as available resources, community needs, regulations, funding sources, costs, and how the project would be operated. The study finds that the project is economically viable and would improve access to needed healthcare services for the target population.
HFG Rapid Assessment of TB Payment and PFM Systems in the Philippines: Lesson...
In the Philippines, there are roughly 290,000 new TB cases per year (WHO, 2016). Meanwhile, donor funding for TB has declined, health care costs are rising, and out-of-pocket spending accounts for roughly two-thirds of national TB expenditures. The Philippines needs to identify mechanisms to improve the efficiency of TB spending (i.e., mechanisms for spending money wisely). In the short term, this may mean finding ways to improve outputs—such as access, use of services, and quality—for a given level of spending on TB. In the long term, the Philippines and countries facing similar challenges may be interested in finding ways to achieve better outputs with fewer resources.
The Philippines was the subject of one of several country case studies linking strategic TB purchasing with improved efficiency and better outcomes. In April 2016, HFG conducted a brief but in-depth assessment of health purchasing/provider payment and PFM systems in the Philippines, to identify rigidities and barriers.
Rising Healthcare costs
A simple overview on heatlhcare costs and reasons why there is a global increase in the field. The presentation concentrates the Omani setting with a comparison to what is available in public reports.
July Newsletter
The document discusses providing concise yet informative summaries of healthcare related news and legislation to clients. It aims to help clients understand challenges from the Affordable Care Act and determine solutions. The author will start a blog called "From the Desk of Mike Wojcik" to share healthcare market trends, legislative updates, and topics relevant to human resources challenges. The overall goal is to help the current healthcare model survive as more efficient, affordable and accessible to all.
American Medical Home Runs (1)
Four primary care practices were identified as "medical home runs" because their patients had 15-20% lower total annual health care costs compared to other practices in their regions, without compromising quality of care. The practices achieved this through three common features: 1) Exceptional individualized care for chronic conditions, including 24/7 support and coordination with specialists. 2) Efficient service provision. 3) Careful selection and coordination with medical specialists. If these practices' approaches were more widely adopted, the authors argue it could enable universal health coverage in the US without increasing overall spending or reducing quality.
Final Milestone Part 2
The document discusses the role of governing boards in healthcare organizations. The primary roles of governing boards are to ensure the mission statement addresses community needs and to ensure employees uphold the organization's ethical code. When issues arise, the governing board and CEO work together to address them appropriately. Key performance dimensions, such as quality measures, patient satisfaction surveys, and financial metrics, are used to ensure the organization provides excellent care and operates effectively. The board's duties go beyond creating strategic plans and include overseeing their proper implementation.
System of Health Accounts 2011: What is SHA 2011 and How Are SHA 2011 Data Pr...
The SHA 2011 statistical manual improves upon the original by strengthening the classifications to support production of more detailed results and by introducing new classifications that expand the scope of the analysis and provide a more comprehensive look at health expenditure flows. The purpose of this brief is to present the main features of the SHA 2011 framework as well as discuss the process of its implementation and, ultimately, institutionalization within routine government operations.
Why A Healthcare System Is An Organization Of People,...
The document discusses key factors to consider when implementing a new healthcare system in a country. It identifies 10 factors: healthcare professionals, facilities, medical supplies, business challenges, technology, community engagement, financing, legislation, education and training. Each of these factors is crucial to delivering effective medical services to the population.
Foley health ins plan 3-24-11
The document provides information about health care costs and insurance plans in the United States, Minnesota, and the Foley School District. It shows that on average, 87 cents of every health insurance dollar in the US goes toward medical costs, while 13 cents goes toward administrative costs and profits. Minnesota and Foley School District plans have lower administrative costs than national averages. The Resource Training & Solutions school pool offers advantages like lower costs and premium increases compared to other plans like SEGIP and PEIP.
Running Head EVIDENCE-BASED RESOURCING PLAN .docx
Running Head: EVIDENCE-BASED RESOURCING PLAN 1
EVIDENCE-BASED RESOURCING PLAN 7
Heart Failure Clinic Resourcing Plan
Samantha M. Tallarine
Capella University
Nursing Leadership & Management
April, 2019
Introduction
The major cause of causes of patient disability across most parts of the world is a chronic disease. Therefore, most individuals usually seek medical care and are responsible for more than seventy-five percent of the aggregate spending in healthcare. Congestive heart failure (CHF), one of the most serious ailments, is a result of the failure of the heart to pump sufficient oxygen as well as blood to various parts of the body. More than 14 billion people across the world suffer from heart problems, and heart failure causes more than 60,000 deaths annually. Additionally, congestive heart failure costs nations like the United States, for instance, approximately $35 billion within one year (Hogle, 2016). This paper is intended to seek the best strategies that can help in the development of a budget plan, which will help in the establishment of an effective heart failure clinic.
Resourcing Healthcare Services
It is exigent for healthcare service provider administrators to work behind closed doors to ensure that the welfare, as well as the financial security of the healthcare facilities meets the standards that are required. This clearly shows that healthcare facility administrators have to identify all the factors which if not well facilitated within the budget plan for the clinic may result in a financial crisis for the institution. Therefore, the business plan for the healthcare facility should be able to identify all the categories as well as the subcategories of the budget which are important or essential to be able to set up an effective heart failure clinic.
Labor Costs
According to the Center for Disease Control (CDC), staff benefits, as well as wages, engross up to approximately 60 to 70 percent of healthcare facility expenditures. Likewise, labor costs from other sources consumed approximately twelve percent of the healthcare expenditures. The American Hospital Association put into consideration assumptions for the above-stated figures. The major assumption is that in any service-based business providing healthcare services, human capital is the most important type of capital which is used daily. This clearly shows that the clinic should be able to give an approximation of the expenditure from labor; it should also be able to cater for all the expenditure, which results from labor (Roman, 2016).
Insurance Billing
The is also another component of the healthcare business plan which is very crucial; most healthcare facility revenue is usually earned from insurance services which are billed on patients upon seeking health care services from the hospital. It is therefore sufficient to say that the heart failure clinic billing will come from various sources, which will vary ...
Template for HSC 517 M3 Review of the Literature-2.pdf.docx
Template for HSC 517 M3 Review of the Literature-2.pdf
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Accelerating Health Care Value --Singerman 06 02 2010 BNA Preprint
1) The document discusses the vision of transforming the US health system into a Learning Health System (LHS) as articulated by the Office of the National Coordinator for Health Information Technology.
2) It lays out a simplified view of an LHS as having targets of Quality, Community and Value for consumers, clinicians and healthcare organizations, with an Innovation Engine to drive progress towards these targets through components like scanning, sharing, incubating and measuring innovations.
3) It describes how in an LHS, knowledge-based assets like people, processes, technology and relationships fuel the Innovation Engines to create outputs that meet the Quality, Community and Value targets for consumers, clinicians and the broader health system working together.
HEALTH ECONOMICS.ppt
This document provides an overview of key concepts in health economics. It discusses how health economics applies economic theories to the health sector, focusing on resource allocation and efficiency. The document outlines the scope of health economics, including economic development and health, the role of the state in healthcare provision, and economic evaluation techniques. It also discusses concepts like demand, supply, markets, and objectives in healthcare like efficiency, effectiveness, and equity.
Social What directed your interest to this.docx
The document discusses why the person is interested in social work. They grew up seeing friends' parents addicted to drugs and in foster care, directing their interest to help address problems like drugs, poverty, and lack of guidance. Their goals are to open a teenage shelter and drug rehab programs one day. They believe their dedication enables them to study and practice social work to help address important social issues.
Soap notes will be uploaded to Moodle and put through.docx
This soap note documents a visit for a 65-year-old male patient complaining of headaches for the past two weeks. On examination, the patient's blood pressure was elevated on multiple readings. The assessment is essential (primary) hypertension. The plan includes starting hydrochlorothiazide 25 mg daily, as well as lifestyle modifications and follow up with his primary care provider in one week to evaluate blood pressure control. No referrals are needed at this time.
Social Poverty.docx
Poverty is one of four social issues that students must write a 400-450 word mini-essay about for a class assignment. The assignment requires students to choose three social issues to write about, with the fourth essay topic being on poverty. All four mini-essays must be combined into a single document and meet the 1,200 total word count for the assignment.
Soap Note Diabetes Mellitus.docx
1) This soap note document outlines the typical sections and information included in a soap note for a patient with diabetes mellitus. It includes sections for identifying data, subjective data, objective data, assessment, and plan.
2) The subjective section includes symptoms, review of systems, past medical history, family history, social history, and allergies/medications as they relate to the complaint.
3) The objective section includes vital signs, physical exam findings described in detail for relevant systems, and any abnormalities fully described.
More Related Content
Similar to Assume you have been working as the Chief Operating Officer.docx
Application of Pharma Economic Evaluation Tools for Analysis of Medical Condi...
Application of Pharma Economic Evaluation Tools for Analysis of Medical
Conditions: A Case Study of an Educational Institution in India
1 Dr. Debasis Patnaik, 2 Ms. Pranathi Mandadi
1Assistant Professor, Department of Economics, BITS-Pilani, K K Birla Goa Campus, Goa, India
2Research Scholar, Department of Economics, BITS-Pilani, K K Birla Goa Campus, Goa, India
ABSTRACT
The basic idea of a QALY is straightforward. The amount of time spent in a health state is weighted by the utility score given to
that health state. It takes one year of perfect health (utility score of 1) to generate one QALY, whereas one year in a health state
valued at 0.5 is regarded as being equivalent to half a QALY. Thus, an intervention that generates four additional years in a health
state valued at 0.75 will generate one more QALY than an intervention that generates four additional years in a health state valued
at 0.5. This paper discusses effect of self-medication on health care taking an educational institution population comprising of
students, teaching and non-teaching staff in 2011.
Keywords: Pharma economics, QALY, measuring clinical and health excellence
This course is based on previous courses taken in the MSHA program.docx
This course is based on previous courses taken in the MSHA program.
In general, there will be no additional new readings, but rather the course will be based on the reading materials required in program core courses.
The program core courses are listed below. Please refer to the lists of readings as they appear on their respective course syllabus pages.
Again, these readings should refresh your memory on the course topics, and serve you in responding to the Case, SLP, and Discussion assignments.
In the modular Background materials pages, the instructor has identified the course readings most relevant to the Capstone modular topic(s).
Module 1
Module 2
Module 3
Module 4
MHA506 - Health Care System Organization
X
X
X
MHA507 - Health Care Delivery Systems
X
X
X
MHM525 - Marketing in Healthcare
X
MHM502 - Health Care Finance
X
MHM514 - Health Information Systems
X
MHM522 - Legal Aspects of Health Administration
X
Running Head: MARKETING PLAN1
MARKETING PLAN 4
Marketing Plan
Shaneya Acker
Dr. Eric Oestmann
MHM 525
Trident University International
April 27, 2019
Contents
Cover Letter3
Introduction4
Geographical location4
Historical background4
Marketing Goals and Objectives5
Market Analysis6
Environmental Analysis7
Political and Legal7
Social and Cultural7
Consumer Analysis8
SWOT8
Strengths8
Weaknesses9
Opportunities10
Threats10
Marketing and Promotion strategies10
Marketing and Promotion Strategies13
References16
Cover Letter
This paper presents a marketing plan for Continuum health partners. Continuum health partners is an organization based in the metropolitan area of New York US. The main aim of the organization is to coordinate the operations of its members to keep the organization financially solvent by controlling costs in the highly competitive industry (Pronk et al., 2015). The plan outlines various goals and objectives which will help the organization succeed. Goals are used as a road map for the organization to achieve its vision. The plan also presents a market analysis for the healthcare industry.
The plan also presents an environmental analysis of political and social issues affecting the organization. Politics and policy issues affect the healthcare industry in a big way. For instance, the Affordable Healthcare Act has been used in the US for a while. However, the new incumbent government has promised that they will replace this Act. Social and cultural factors significantly affect the quality of healthcare for a community. Most people in the US are educated and this helps them to understand the importance of staying healthy. The paper also presents a consumer analysis of the healthcare sector.
Various strengths, weakness, opportunities and threats facing the organization are also discussed in details. One of the main strengths of the organization is its geographical location which ensures that consumers can easily access health care services within the city. Finally, the paper explores ...
CHAPter3ConneCting tHe strAtegiC Dots Does Hit mAt.docx
CHAPter
3
ConneCting tHe strAtegiC Dots:
Does Hit mAtter?
learning objectives
1. List and define five major challenges facing healthcare delivery systems
today.
2. Describe the complexity of these interrelated challenges for healthcare
and healthcare information technology.
3. Illustrate the history, development, and current state of healthcare
information systems.
4. Name and describe the four categories of healthcare information
systems.
5. Analyze the key priorities of healthcare information systems today that
will affect their future.
Healthcare information technology: the future is now
Healthcare delivery continues to be an information-intensive set of processes.
A series of Institute of Medicine (IOM 1999, 2001) studies suggests that
high-quality patient care relies on careful documentation of each patient’s
medical history, health status, current medical conditions, and treatment
plans. Financial information is essential for strategic planning and efficient
operational support of the patient care process. Management of healthcare
organizations requires reliable, accurate, current, secure, and relevant clini-
cal and administrative information. A strong argument can be made that the
healthcare field is one of the most information-intensive sectors of the US
economy.
Information technology has advanced to a high level of sophistication.
However, technology can only provide tools to aid in the accomplishment
of a wider set of organizational goals. Analysis of information requirements
in the broader organizational context should always take precedence over a
rush to computerize. Information technology by itself is not the answer to
management problems; technology must be part of a broader restructuring
of the organization, including reengineering of business processes. Alignment
1
Glandon-Proof.indb 3 6/10/13 11:40 AM
I n f o r m a t i o n S y s t e m s f o r H e a l t h c a r e M a n a g e m e n t4
of information technology strategy with management goals of the healthcare
organization is essential. Despite these cautions, effective design, implemen-
tation, and management of healthcare information technology (HIT) show
great promise (De Angelo 2000; Glaser and Garets 2005; Kaushal, Barker,
and Bates 2001; Smaltz et al. 2005a).
An essential element in a successful information systems implementa-
tion is carefully planned teamwork by clinicians, managers, and technical
systems specialists. Information systems developed in isolation by technicians
may be technically pure and elegant in design, but rarely will they pass the
test of reality in meeting organizational requirements. On the other hand,
very few managers and clinicians possess the equally important technical
knowledge and skills of systems analysis and design, and the amateur analyst
cannot hope to avoid the havoc that can result from a poorly designed sys-
tem. A balanced effort is required: Operational personnel contribut.
CHAPter3ConneCting tHe strAtegiC Dots Does Hit mAt.docx
CHAPter
3
ConneCting tHe strAtegiC Dots:
Does Hit mAtter?
learning objectives
1. List and define five major challenges facing healthcare delivery systems
today.
2. Describe the complexity of these interrelated challenges for healthcare
and healthcare information technology.
3. Illustrate the history, development, and current state of healthcare
information systems.
4. Name and describe the four categories of healthcare information
systems.
5. Analyze the key priorities of healthcare information systems today that
will affect their future.
Healthcare information technology: the future is now
Healthcare delivery continues to be an information-intensive set of processes.
A series of Institute of Medicine (IOM 1999, 2001) studies suggests that
high-quality patient care relies on careful documentation of each patient’s
medical history, health status, current medical conditions, and treatment
plans. Financial information is essential for strategic planning and efficient
operational support of the patient care process. Management of healthcare
organizations requires reliable, accurate, current, secure, and relevant clini-
cal and administrative information. A strong argument can be made that the
healthcare field is one of the most information-intensive sectors of the US
economy.
Information technology has advanced to a high level of sophistication.
However, technology can only provide tools to aid in the accomplishment
of a wider set of organizational goals. Analysis of information requirements
in the broader organizational context should always take precedence over a
rush to computerize. Information technology by itself is not the answer to
management problems; technology must be part of a broader restructuring
of the organization, including reengineering of business processes. Alignment
1
Glandon-Proof.indb 3 6/10/13 11:40 AM
I n f o r m a t i o n S y s t e m s f o r H e a l t h c a r e M a n a g e m e n t4
of information technology strategy with management goals of the healthcare
organization is essential. Despite these cautions, effective design, implemen-
tation, and management of healthcare information technology (HIT) show
great promise (De Angelo 2000; Glaser and Garets 2005; Kaushal, Barker,
and Bates 2001; Smaltz et al. 2005a).
An essential element in a successful information systems implementa-
tion is carefully planned teamwork by clinicians, managers, and technical
systems specialists. Information systems developed in isolation by technicians
may be technically pure and elegant in design, but rarely will they pass the
test of reality in meeting organizational requirements. On the other hand,
very few managers and clinicians possess the equally important technical
knowledge and skills of systems analysis and design, and the amateur analyst
cannot hope to avoid the havoc that can result from a poorly designed sys-
tem. A balanced effort is required: Operational personnel contribut ...
Integration of HEOR into Global Publication Plans
Communicating safety, efficacy, and value of a health care intervention through an integrated publication plan
Health care project.docx
This feasibility study examines a proposed health care project that would address the needs of a target population. It evaluates factors such as available resources, community needs, regulations, funding sources, costs, and how the project would be operated. The study finds that the project is economically viable and would improve access to needed healthcare services for the target population.
HFG Rapid Assessment of TB Payment and PFM Systems in the Philippines: Lesson...
In the Philippines, there are roughly 290,000 new TB cases per year (WHO, 2016). Meanwhile, donor funding for TB has declined, health care costs are rising, and out-of-pocket spending accounts for roughly two-thirds of national TB expenditures. The Philippines needs to identify mechanisms to improve the efficiency of TB spending (i.e., mechanisms for spending money wisely). In the short term, this may mean finding ways to improve outputs—such as access, use of services, and quality—for a given level of spending on TB. In the long term, the Philippines and countries facing similar challenges may be interested in finding ways to achieve better outputs with fewer resources.
The Philippines was the subject of one of several country case studies linking strategic TB purchasing with improved efficiency and better outcomes. In April 2016, HFG conducted a brief but in-depth assessment of health purchasing/provider payment and PFM systems in the Philippines, to identify rigidities and barriers.
Rising Healthcare costs
A simple overview on heatlhcare costs and reasons why there is a global increase in the field. The presentation concentrates the Omani setting with a comparison to what is available in public reports.
July Newsletter
The document discusses providing concise yet informative summaries of healthcare related news and legislation to clients. It aims to help clients understand challenges from the Affordable Care Act and determine solutions. The author will start a blog called "From the Desk of Mike Wojcik" to share healthcare market trends, legislative updates, and topics relevant to human resources challenges. The overall goal is to help the current healthcare model survive as more efficient, affordable and accessible to all.
American Medical Home Runs (1)
Four primary care practices were identified as "medical home runs" because their patients had 15-20% lower total annual health care costs compared to other practices in their regions, without compromising quality of care. The practices achieved this through three common features: 1) Exceptional individualized care for chronic conditions, including 24/7 support and coordination with specialists. 2) Efficient service provision. 3) Careful selection and coordination with medical specialists. If these practices' approaches were more widely adopted, the authors argue it could enable universal health coverage in the US without increasing overall spending or reducing quality.
Final Milestone Part 2
The document discusses the role of governing boards in healthcare organizations. The primary roles of governing boards are to ensure the mission statement addresses community needs and to ensure employees uphold the organization's ethical code. When issues arise, the governing board and CEO work together to address them appropriately. Key performance dimensions, such as quality measures, patient satisfaction surveys, and financial metrics, are used to ensure the organization provides excellent care and operates effectively. The board's duties go beyond creating strategic plans and include overseeing their proper implementation.
System of Health Accounts 2011: What is SHA 2011 and How Are SHA 2011 Data Pr...
The SHA 2011 statistical manual improves upon the original by strengthening the classifications to support production of more detailed results and by introducing new classifications that expand the scope of the analysis and provide a more comprehensive look at health expenditure flows. The purpose of this brief is to present the main features of the SHA 2011 framework as well as discuss the process of its implementation and, ultimately, institutionalization within routine government operations.
Why A Healthcare System Is An Organization Of People,...
The document discusses key factors to consider when implementing a new healthcare system in a country. It identifies 10 factors: healthcare professionals, facilities, medical supplies, business challenges, technology, community engagement, financing, legislation, education and training. Each of these factors is crucial to delivering effective medical services to the population.
Foley health ins plan 3-24-11
The document provides information about health care costs and insurance plans in the United States, Minnesota, and the Foley School District. It shows that on average, 87 cents of every health insurance dollar in the US goes toward medical costs, while 13 cents goes toward administrative costs and profits. Minnesota and Foley School District plans have lower administrative costs than national averages. The Resource Training & Solutions school pool offers advantages like lower costs and premium increases compared to other plans like SEGIP and PEIP.
Running Head EVIDENCE-BASED RESOURCING PLAN .docx
Running Head: EVIDENCE-BASED RESOURCING PLAN 1
EVIDENCE-BASED RESOURCING PLAN 7
Heart Failure Clinic Resourcing Plan
Samantha M. Tallarine
Capella University
Nursing Leadership & Management
April, 2019
Introduction
The major cause of causes of patient disability across most parts of the world is a chronic disease. Therefore, most individuals usually seek medical care and are responsible for more than seventy-five percent of the aggregate spending in healthcare. Congestive heart failure (CHF), one of the most serious ailments, is a result of the failure of the heart to pump sufficient oxygen as well as blood to various parts of the body. More than 14 billion people across the world suffer from heart problems, and heart failure causes more than 60,000 deaths annually. Additionally, congestive heart failure costs nations like the United States, for instance, approximately $35 billion within one year (Hogle, 2016). This paper is intended to seek the best strategies that can help in the development of a budget plan, which will help in the establishment of an effective heart failure clinic.
Resourcing Healthcare Services
It is exigent for healthcare service provider administrators to work behind closed doors to ensure that the welfare, as well as the financial security of the healthcare facilities meets the standards that are required. This clearly shows that healthcare facility administrators have to identify all the factors which if not well facilitated within the budget plan for the clinic may result in a financial crisis for the institution. Therefore, the business plan for the healthcare facility should be able to identify all the categories as well as the subcategories of the budget which are important or essential to be able to set up an effective heart failure clinic.
Labor Costs
According to the Center for Disease Control (CDC), staff benefits, as well as wages, engross up to approximately 60 to 70 percent of healthcare facility expenditures. Likewise, labor costs from other sources consumed approximately twelve percent of the healthcare expenditures. The American Hospital Association put into consideration assumptions for the above-stated figures. The major assumption is that in any service-based business providing healthcare services, human capital is the most important type of capital which is used daily. This clearly shows that the clinic should be able to give an approximation of the expenditure from labor; it should also be able to cater for all the expenditure, which results from labor (Roman, 2016).
Insurance Billing
The is also another component of the healthcare business plan which is very crucial; most healthcare facility revenue is usually earned from insurance services which are billed on patients upon seeking health care services from the hospital. It is therefore sufficient to say that the heart failure clinic billing will come from various sources, which will vary ...
Template for HSC 517 M3 Review of the Literature-2.pdf.docx
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