1. “Healthcare Cost and Quality” Please respond to the following:
Case StudyYou are the CEO of a 200-bed community hospital and have heard that Medicare
hospital payments will continue to be trimmed for patients who experience harms
considered to be largely preventable, such as blood clots, surgical infections, ventilator-
associated pneumonias, and others. You want to make sure that your hospital prevents all
possible avoidable harms to patients.Your assistant summarizes the issues for you: denied
payments focus exclusively on additional care required to treat the injury (e.g., when a
second procedure is required to retrieve a surgical instrument). To date, the denied
payments are for hospital care only, but some analysts have recommended that the same
policy be applied to physician payments.One measure your hospital already has taken is to
require that all workers who interact with patients wash their hands, in order to prevent
hospital-acquired infections. Although this would seem a simple and obvious initiative, it
has met with limited success. In response to additional queries, you learn that the hospital’s
patient safety department does not track the kinds of events for which it may be financially
penalized.You also learn that the Affordable Care Act will affect hospital payment in another
way: trimming reimbursements for potentially avoidable hospital readmissions.Your
hospital serves an older population and many patients currently have multiple admissions
for acute exacerbations of chronic illnesses, such as congestive heart failure and diabetes. In
the future, these multiple admissions may be very costly.1, Read the case study titled “High
Quality Healthcare: A Case of Cost and Quality,”. Next, devise a plan to assess the current
challenges facing the hospital. Recommend a sequence for improvement (i.e., testing,
implementing, and diffusing). Speculate on the significant ways that collaboration and the
creation of synergies among various stakeholders will improve reimbursement and
positively impact the hospital’s financial position. Do you need a similar assignment done
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