Health Care Executive Summary
analytical Essay
1268 words
Sollman (2015), states in his article that with the right tools and planning, laboratories can position themselves as a strategic growth lever in a healthcare organization. It is estimated that more than 70 percent of healthcare is delivered outside of the four walls of a hospital (Sollman, 2015). With this trend, managing outpatient care and attracting business from community providers are more important than ever as healthcare organizations strive to maintain a healthy balance sheet. Laboratories can optimize utilization to create efficiencies and develop their services to be used by external care facilities, thus helping to drive additional revenue across the entire healthcare organization. Achieving this goal requires three strategies: …show more content…
In this essay, the author
- Explains how laboratories can position themselves as a strategic growth lever in healthcare organizations with the right tools and planning.
- Explains that using a lis can provide connectivity to community providers for easier sharing of clinical reports. this in itself improves patient outcomes across the care continuum.
- Analyzes how chang (2013) discusses the critical issues related to cost, quality, and access, all of which affect diverse stakeholders involved in the healthcare systems.
- Describes the benefits of implementing action strategy, including cutting costs, improving quality, and ensuring economic viability.
- Analyzes how macstravic (2008) discusses the use of de-marketing, which is a marketing mix of product, price, place, and promotion.
- Explains that de-marketing options are more effective and more in keeping with the organization's missions, compared to devising ways to discourage use alone. this may make it easier for organizations to reduce overuse of particular services.
- Analyzes the impact of the governing board's composition on rural hospitals' involvement in provider-sponsored managed care organizations.
- Explains that the strategy outlined above could benefit their organization as they acquire more rural healthcare facilities. the leaders need to visit the hospitals' board compositions before actively pursuing strategic action.
- Recommends that organizations develop an effective asset-management strategy that includes senior financial executive and other executive leaders assembling a team of representatives who might be affected by the strategy.
- Opines that a well-planned asset-management plan is essential in any healthcare organization's strategy to increase its profitability.
In addition, the article addresses healthcare problems, which can be effectively solved by using technology, and technology management approaches. Cited specifically are the successful applications of Lean Six Sigma, Activity based Costing, Value Stream Mapping and Supply Chain Management in driving down costs, enhancing service quality and promoting operational excellence (Chang, 2013). Also discussed are new emerging technologies, such as Service-Oriented Architecture, data mining, E-health, intelligent agents, information technologies and others, which could further enhance the operational excellence of healthcare organizations in the future. Furthermore, the article discusses the ACTION strategy, which has six decision factors which are important to the healthcare organizations, namely, economic viability, technical feasibility, regulatory compliance, risk-optimization, patient-focus and operational efficiency (Chang, 2013). The use of ACTION strategy could benefit my organization such as cutting cost, improving quality, and cycle time, which assures economic viability. Leaders in the organization could focus on best practices from both domestic and international sources eliminating any concern with respect …show more content…
The team should ultimately be charged with evaluating every asset purchase request that involves significant expense. The team should develop a disciplined approach to equipment allocation and acquisition that includes: careful and objective analysis of equipment purchase requests, evaluation of existing equipment, operating environments, and clinical requirements, and projection of future clinical needs, costs, and revenues. There are several ways the organization can achieve this strategy. First, redeploying and reallocating existing equipment. Second, refurbishing and upgrading existing equipment. Third, purchasing previously owned equipment. Finally, leasing equipment can provide greater asset flexibility in addition to improving cash flow, balance sheet, and equipment life-cycle
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In this essay, the author
- Explains that the purpose of this paper is to describe the importance of operations management to a health care organization.
- Explains how the gershon report challenges the established health care supply chain. the essential healthcare management functions are organized into three major groups of activities governing, caring, and learning with a focus on reaching excellence in community healthcare.
- Explains that operations management is the management of that part of an organization responsible for producing goods and/or services. the operations function is one of three primary functions of business organizations.
- Argues that health care operations managers have been stunted in their development because of antipathy between hospital administration and physicians.
898 wordsRead More - Sutter Health Provides Non-Profit Health Care to Californiaopinionated essayThe way in which healthcare organizations need to implement a new strategy into their A/R departments comes from the realization that time of registration is the best time to ask the patient for payment (Souza& McCarty, 2007). Front end staff in the healthcare industry has not been responsible for collecting payment from the patient before services are rendered; that responsibility has been that of the A/R staff. There have been other healthcare organizations that have found solutions to problems within their A/R departments. Sutter Health was successful in identifying problems in their A/R department, finding solutions for those problems in their A/R department and implementing their solution program into their company. Sutter Health has set themselves up for continued success in their A/R department.
In this essay, the author
- Explains that sutter health is a non-for-profit community based healthcare and hospital system that serves patients and their families in more than 100 northern california cities and towns.
- Explains how sutter health, one of northern california's largest providers, approached implementing a new strategy to increase collections.
- Explains that sutter health identified several areas in which the project needed to focus. the patient financial services staff could not access real-time information on key financial and operational indicators such as a/r days and cash collections.
- Describes how sutter health began their journey for increasing collections and reducing a/r days by empowering individual pfs staff members to assume responsibility for each account they deal with, implementing a denials management component.
- Explains how sutter health implemented a program to reduce claims denials by identifying potential problems before the patient leaves the registration desk.
- Explains that the patient's marital status is widowed, but the relative is listed as husband, wife, or spouse. the patient type is not valid for hospital service.
- Explains how sutter health implemented the successful strategies to solve many of the issues with pfs.
- Opines that hospitals should make sure their objectives and the debt buyer's objectives parallel one another before selling their written-off a/r.
- Recommends that hospitals use technology to screen their accounts at registration, and then use established policies and procedures to guide their self-pay patient interactions.
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In this essay, the author
- Explains the instrumentation and supply industry in the united states is a focal unit in ensuring that the field is well-equipped to deal with the ever-growing medical needs for both, the people living in and out of the country.
- Explains that accuray inc. is a radiation oncology company that engages in the development, manufacture, and distribution of precise and innovative tumor treatments.
- Explains that the tight import and export market may create problems in the industry if one state or nation were to get issues. the industry is also experiencing a shift of several producers to lower cost countries.
- Explains that the medical equipment industry has an exceptionally competitive landscape, driven by the population demographics and advances in health knowledge and expertise.
- Explains that large health gpos, group purchasing organizations, are entirely owned by non-profit healthcare organizations and also health systems. substantial manufacturers may also sell directly to the hospital chains or other major product users.
- Explains that small medical equipment companies can always be removed from sales to private hospitals when a greater competitor has collateralized exclusive contracts while using the purchasing group.
- Explains that the u.s. loses out as r&d shifts to asia.
937 wordsRead More - An Interview with a Doctoranalytical essayMedicine, medical supplies, and medical treatment are multi-billion dollar industries crucial to the wellbeing of the public. Doctors and other members of the health-care industry do their best to provide excellent care for the nation’s sick and injured, while scientists and researchers work to develop new drugs and technologies to fight disease. We often view medical care as a basic human right; something that all persons, rich or poor, should have access to in times of need. But despite our notions of what healthcare should be, those who make a living in this industry, specifically owners of firms, must contend with the same economic questions facing businesses in any industry. To learn more about this vast service industry, I interviewed Dr. Martin Slez, a dentist/oral surgeon and owner of a medical practice that provides both general care and specialized treatments for oral diseases. Of the topics discussed, firm goals, pricing, costs, and technology stood out as particularly interesting and unique facets of the organization, as they differed considerably from those in other industries.
In this essay, the author
- Explains that pricing is determined from the cost of providing the services as well as historical market information.
- Explains that the cost of dentists and oral surgeons is significant, as the owner of the firm must pay for employee salaries, medical supplies, and laboratory charges, among other things.
- Describes dr. martin slez's practice as a multi-billion dollar industry crucial to the wellbeing of the public.
- Analyzes the unique aspects of the dental industry discussed by dr. slez.
1080 wordsRead More - Strategic Plan for AIM Health Care Servicesargumentative essayStrategy Overview Pearce and Robinson describe strategic management as the art of making complex, long-term, future-oriented decisions and taking actions that result in the formulation and implementation of plans designed to achieve a company's objectives. The process focuses on the belief that a firm's mission can be best be achieved through a systematic and comprehensive assessment of both its internal capabilities and its external environment (Pearce & Robinson, 2005). In the article Strategic Management, the strategic management process is described as the implementation of the company's strategy by executive management considering its resources, circumstances, and environment to position the organization to complete is mission in a cost-effective, efficient manner. The corporate goals, policies, and tactics are incorporated into this process (Strategic Management, n.d.). This paper will concentrate on the initial stages of using the Strategic Management Process to create a strategic plan and will examine how AIM HealthCare Services, Inc. (AIM) has applied the process to their business.
In this essay, the author
- Recommends communicating the plan to all participants at all levels and locations in a timely manner.
- Evaluates internal cultural factors that vary among branches, organizational levels, and employees for which the strategic plan must anticipate changes.
- Explains that nolan, j. r., and connolly, m.j. (1979). black's law dictionary.
- Describes strategic management as the art of making complex, long-term, future-oriented decisions and taking actions that result in the formulation and implementation of plans designed to achieve a firm's objectives.
- Concludes that strategic management (ibid) simplifies the strategic planning process as defining company objectives and assesses internal and external factors to create a strategy.
1470 wordsRead More - Financial Analysis Of Universal Health Servicesargumentative essayIn the modern world of the health-care industry, it is vital that an organization’s financial statement analyses be kept up to date and reported accurately within the company. A financial analysis is an evaluative method of determining the past, current and projected performance of a company (Investopedia.com, 2016). Collectively, patients seek superior quality of health care services and integrity from professionals who work in the hospitals and serve the communities worldwide. Although the health care industry is rapidly changing as time progresses, providers still have an obligation to satisfy the patients and deliver excellent care to those in need.
In this essay, the author
- Explains that financial analysis is an evaluative method of determining past, current, and projected performance. patients seek superior quality of health care services and integrity from professionals who work in the hospitals and serve the communities worldwide.
- Explains that as the newly appointed cfo of universal health services, the organization will conduct an internal financial analysis for the company's financial statements of three consecutive years.
- Describes universal health services as one of the largest publically traded healthcare organizations in the country.
- Explains that universal health services has a common stock traded on the new york stock exchange under the symbol uhs.
- Analyzes the impact of economic growth, patient protection, and the affordable care act on uhs's financial performance.
- Explains that universal health services has continued to become successful in the commitment to the patients while providing outstanding healthcare services.
- Recommends keeping unnecessary spending and payor contracts at a minimum to enhance the organization's financial performance.
- Concludes that universal health services has done a great job overall. the organization has thirty-five years of success and will conquer all obstacles and risks to continue serving the patients and the community.
772 wordsRead More - Tenet Healthcare: Embracing Innovationexplanatory essayChaiken, B., Christian, C.E., & Johnson, L. (2012). Quality and Efficiency Successes Leveraging IT and new processes. Journal of Healthcare Information Management, 21 (1), 48-53.
In this essay, the author
- Explains that tenet healthcare was founded in 1967 by three lawyers and headquartered in california. organizational innovative behaviors did not initiate with its inception.
- Explains that tenet’s management system aligns itself with key elements of an appropriate incentive system consisting of performance measurement, goals, and thus, results.
- Opines that a company must embrace innovative behaviors within its culture and cultivate transparency.
- Explains that ethical behavior, good character, and personal integrity are important characteristics of management systems in organizations. a company's credo or its core values guide employee behavior and help employees do right things.
- Explains that improving innovation requires a diagnostic assessment of all innovation processes to evaluate factors on how effective the innovative culture is within an organization.
- Explains chaiken, christian, & johnson, quality and efficiency successes leveraging it and new processes. journal of healthcare information management.
- Explains that davila, epstein, and shelton, eds., making innovation work: how to manage it, measure it and profit from it.
- Explains nelson, d.l., and quick, j.c. (2009). organization behavior, science, the real world and you.
- Explains that innovation is an integral part of any successful business entity. the new, unstable and highly competitive healthcare environment requires innovative leadership to become successful in the effective execution of innovative practices.
- Explains how tenet has come a long way since then, instilling integrity and transparency into their core values and culture.
- Describes tenet healthcare corporation as an investor-owned healthcare delivery systems organization based in dallas, texas. its corporate governance includes the board of directors, executive leadership team, senior corporate officers, market management, and ethics and compliance divisions.
- Explains that tenet began operations in south florida, louisiana, texas, and philadelphia. it owns and operates 49 acute care hospitals in 11 states and 90 outpatient centers in 12 states.
- Explains that high-quality innovation is a key component of remaining competitive and profitable while offering the opportunity to impact the path of an industry.
- Explains that mr. john short is responsible for internal consulting operations focusing on improving hospital performance in labor cost efficiencies, patient flow/throughput, case management and supply chain strategies.
- Explains that tenet's play not to lose strategy is embraced when the external environment exposes an organization to uncertain and unstable conditions clearly represented in today’s healthcare climate.
- Explains that tenet views evidence-based medicine as a tool used to innovative care and started the impact project to orient and check systems throughout the organization.
- Explains the five roles of an innovation system: efficiency, clear communication, coordination of innovation, creation of a sustainable learning environment, and assurance of strong alignment between organizational and personal objectives.
- Explains that measuring metrics coupled with strategy provides a definitive aid of performance at all levels in the organization.
- Explains that tenet's compensation philosophy is to provide competitive pay while rewarding employees for effective individual and company performance.
- Explains that learning is a behavioral change which is developed through experience. rapid changing environments encourage organizations to learn faster, better, and more cost-effective than competition.
- Explains tenet's strategy that includes online, classroom, and hands-on learning opportunities available for clinical and non-clinical staff members.
- Explains that an organization's systems and internal processes coupled with social interacting create the organizational culture; the impact of the ceo on the culture drives and grows the innovative culture.
- Explains that leadership in innovation includes multiple factors such as going beyond current performance in customer expectations, a vision to lead the organization, an innovation strategy and management systems to aid the business strategy.
- Explains that innovation is a business strategy that an organization utilizes to create its competitive advantage in today's global environment.
- Recommends that tenet perform a diagnostic assessment on all of its innovative practices to ensure that all current practices are effective in maintaining the innovation mentality.
- Explains that tenet healthcare has proven its innovative, organizational leadership throughout the last several years. its commitment and social responsibility to the ever-chancing healthcare environment has led it to become a successful, well-positioned healthcare system.
3147 wordsRead More - Healthcare Administrator Outlineopinionated essayThis paper will discuss and outline the overview of my chosen profession as a Healthcare Administrator. More specifically I would like to be a Director or Vice president of a service line. The paper will address education requirements personality traits and relevant certificates. I will also discuss my career goals.
In this essay, the author
- Describes their chosen profession as a healthcare administrator. the paper addresses education requirements, personality traits, certificates, and career goals.
- Explains the importance of a cardiac service line leadership team, integration of goals, patient relationships, and economic impact.
- Explains that the field of cardiology has been developed for a longer period of time therefore had more experienced candidates. the pool for effective service line leaders is typically larger than what exists for their counterparts in the neuroscience programs.
- Opines that recent innovations in care, rapid growth in primary stroke center development, and a growing regulatory emphasis on effectively caring for stroke patient populations will likely change this situation quickly.
- Opines that they need to work on their organization skills and task delegation skills.
- Opines that their career goal is to become a vice president or director of service lines for hospitals. they have been in the hospital for 13 years and feel that experience is needed in management positions.
- Opines that kaplan career service can help them by opening up their eyes to other occupations that they might be interested in.
- Opines that they see themselves with a masters in healthcare administration and running service lines for hospitals. they believe they have the skills and personality for the job.
- Explains that they're pursuing a career as director of the hospital service line, with projected growth of 14% or more by 2024. their personality fits well with mynextmove.org.
1031 wordsRead More - Pros And Cons Of Procurementanalytical essayKnowing the life cycle of your equipment, warranties, and service coverages allows a hospital or organization to plan ahead with procurement about future needs and they can budget for those needs. Some hospitals also project their healthcare technology needs further into the future, based on their plans to offer new clinical services or serve different patient populations (Vockley, 2016). This trend runs counter to some current philosophies of knowing a fixed budget, then slicing up that pie to various departments who needs to make do with what is
In this essay, the author
- Explains that procurement professionals' task is to create efficiencies and best practices when it comes to procuring supplies and services that are essential to end-users.
- Explains that green purchasing has become more popular within corporations and governments, and suppliers of green energy and goods are making their products more efficient and can now compete with non-green products.
- Explains that auction procurement is a logical and efficient way to bring down costs.
- Explains that capital planning procurement entails buying the right equipment using current best practices. the healthcare industry has a keen interest in creating efficiencies and effectiveness in procuring hospital equipment.
- Explains that when designing hospital rooms, the focus was on a particular type of patient and the rooms were outfitted with those patients in mind.
- Explains that five trends are prevalent in capital planning and procurement. the first is a greater focus on patient safety and satisfaction.
- Opines that purchasing equipment and services should be compatible with all other or most of the other equipment or services currently in use to cut down on redundancies.
- Explains the increasing demand for system integration and wireless connectivity. the university of maryland, baltimore (umb) has a clinical simulation lab where nursing students can stress test the various components of wireless systems for effectiveness.
- Argues that the fourth trend is to have a more strategic application of business acumen. knowing the life cycle of equipment, warranties, and service coverages allows hospitals to plan ahead with procurement about future needs and budget for those needs.
- Argues that the fifth trend is having broader and deeper collaborations. early in the procurement process, key stakeholders from all departments should come together to discuss equipment specifications, budget, patient needs, design and it requirements.
- Recommends establishing alliances with key vendors, focusing on total cost of ownership (tco) in lieu of price, and putting contracts under the supply chain function.
- Explains that maintaining great relationships with vendors is one way to ensure success with procurement contracts and agreements. at umb, there is a large scientific supplies and equipment contract in place.
- Explains that focusing on total cost of ownership (tco) is a more practical route to take when purchasing equipment.
- Explains that contracts are put into place to protect the institution or organization from undue problems associated with termination, default, intellectual property rights, and other risks. more companies are moving responsibility for contract management to the supply chain organization.
- Opines that every organization should follow standard operating procedures or policies and procedures as a guide for procurement. the credibility of the procurement officer depends on how these policies are interpreted and acted upon.
- Concludes that trends in procurement are always evolving and new technologies will make buyers better and more efficient. the task for the procurement officer or buyer is to embrace these technologies and efficiencies without sacrificing the immense responsibility that goes along with effectively procuring goods and services.
1414 wordsRead More - Operations Management in Health Careexplanatory essayOperations management is an important aspect of the health care industry. Without operations managers, no organization would run smoothly and successfully. Studying pre-existing models of operations management may be a smart approach to truly understand this field. But since technology is advancing by the minute, new concepts, and tools should be adapted for operations management. The book titled Operations Management strategically explains the different concepts, divisions, and approaches of operations management.
In this essay, the author
- Explains that operations management is the organizing and controlling of the fundamental business activity of providing goods and services to customers.
- Explains that operations management is a product of the transformations of inputs to outputs. manufacturing products differ from providing services in seven factors.
- Explains that healthcare services are converted by inputs such as doctors, nurses, hospitals, medical supplies, equipment, and laboratories. the measurement of productivity in healthcare is also more difficult than the manufacturing of goods.
- Explains the importance of ensuring quality in healthcare due to the national nurse shortage. models are used in the healthcare industry to aid in decision-making.
- Explains that operations management is an important aspect of the health care industry. studying pre-existing models may be a smart approach, but technology is advancing by the minute.
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