Principles of Healthcare Business and Financial Management

Current trends in healthcare, the recent recession and sluggish economic environment, and the passage of the Affordable Care Act have forced the U.S. healthcare system to develop better ways to provide effective care for less cost. Healthcare providers and facilities must demonstrate to the government, payers, and the public that they provide care that is high quality, safe, and at a reasonable cost. Becoming a healthcare provider of choice while closely managing the costs of doing business and ensuring appropriate financial reimbursements is the new reality for organizations and providers in the healthcare arena.

This assessment challenges you to demonstrate understanding of today’s complex healthcare environment while using the business and financial skills learned to develop a strategic plan to move your organization from the world of fee-for-service (FFS) to value based purchasing (VBP). You will evaluate your organization’s position and strategy for the implementation of VBP requirements. You will need to identify the key stakeholders that would be involved (e.g., board members, senior leadership team, physicians, directors, managers, staff, patients, and families). You will also need to identify the critical departments of your organization (e.g., nursing, clinical support departments, case management, supply chain, education, finance, decision support, risk management, revenue cycle, medical staff office, physician services, physician practices, community and public relations, marketing). Consider the various roles and functions for each department and stakeholder group and determine which roles should be included in a strategic plan that you will develop.

Your strategic plan will include elements to educate, communicate, mobilize, and monitor the tactics you wish to implement. You will identify the clinical and customer service components of VBP in the next three years and develop a strategy to identify, educate, and inform all stakeholders of the organization’s vision to achieve excellence in patient care and the highest reimbursements possible for the next three years.

Requirements:
Your submission must be your original work. No more than a combined total of 30% of the submission and no more than a 10% match to any one individual source can be directly quoted or closely paraphrased from sources, even if cited correctly. Use the Turnitin Originality Report available in Taskstream as a guide for this measure of originality.
Professional Communications is a required aspect to pass this task. Completion of a spell check and grammar check prior to submitting your final work is strongly recommended.

You must use the rubric to direct the creation of your submission because it provides detailed criteria that will be used to evaluate your work. Each requirement below may be evaluated by more than one rubric aspect. The rubric aspect titles may contain hyperlinks to relevant portions of the course.
Note: Your submission may be in the format of a business plan document or a multimedia presentation. If a multimedia presentation is selected, speaker notes must be used to include the necessary level of detail and support. The executive summary in requirement C must be a separate document.

A. Evaluate your organization’s current status with implementation of VBP by doing the following:
1. Discuss to what degree your organization has embraced VBP.
B. Create a strategic plan to continue progressing VBP in your organization by doing the following:
1. Identify three departments that will have the most impact on VBP in your organization.
a. Explain why the roles and functions of these three departments are important for implementing VBP in your organization.
2. Discuss goals, for each of the three departments, that will help your organization further the implementation of VBP.
3. Describe how each of the goals chosen in part B2 will help attain quality outcomes in both patient care and reimbursements over the next three years.
4. Identify the key points for your strategic plan that are critical for the staff to understand and embrace.
a. Discuss how you would market the key points of your plan to staff members.
5. Reflect on how ethical clinical and ethical business practices will be incorporated into the strategic plan.
6. Explain how to coordinate informational and educational events for the three departments identified in part B1.
7. Develop a timeline to ensure that VBP is addressed over the next three years.
C. Develop an executive summary as a separate document for key stakeholders and critical department leaders that includes the following:
1. A description of the components of VBP that are most pertinent to the organization
2. The preparation that the three departments chosen in part B1 will need for the implementation of VBP in the next three years
3. A discussion of the education and training necessary to prepare the staff in the departments chosen in part B1 for implementation of VBP

 

 

 

Sample Solution

The Hospital Value-Based Purchasing (VBP) Program is part of our ongoing work to structure Medicare’s payment system to reward providers for the quality of care they provide. This program adjusts payments to hospitals under the Inpatient Prospective Payment System(IPPS), based on the quality of care they deliver.How does the Hospital VBP Program work?Hospital performance on quality and cost measures is linked to the IPPS. The IPPS makes up the largest share of Medicare spending, affecting payment for inpatient stays in approximately 3,000 hospitals across the country.The hospital VBP Program rewards acute care hospitals with incentive payments based on the quality of care they provide, rather than just the quantity of services they provide.

 

Wear Quixote: Hero or Fool?

In the Middle Ages, from the early current Europe, medieval sentimentalism was famous among blue-bloods. In any case, in the seventeenth century, the accounts of these knights and knights were not, at this point famous. In smart Hidalgo wear Quixote de la Mancha, the author Miguel de Cervantes will attempt to become weary of medieval sentiment through his job Don Quixote. This story recounts to the tale of a man who lost his heart since he is anxious to turn into a knight, in actuality. This story was acclaimed around then; it pulled in incredible enthusiasm for the sentimental story of the saint and the Middle Ages, however it brought back this perfect kind.

The book was named after the development of the novel and Don Quixote likewise created one of the most ridiculous and most inventive legends in Don Quixote. This “absurd legend” and its solid accomplice affected sentimental and experience books, for example, our preferred knight, “Three Musketeers”. From the satire of this novel and the multifaceted nature of the misfortune and the fondness of his saint, he loves the universe of his own idea as opposed to the real world, which makes this book an author, a peruser, and a human age.

Wear Quixote is the hero of the imaginative man of his word Don Quixote of La Mancha. He is the legend of this story, however he should be a peculiar individual. Wear Quixote began as a helpless old reading for joy. The soul of these knights caused him insane and made him to accept that he needed to reactivate the knighthood. Before losing his psyche Don Quixote was named Alonso Kiki Sano, yet he named himself a wear Quixote to suit his job as a knight. Wear is the Spanish title and Don Quixote is the shield part that covers the thighs. His face was supposed to be intense for quite a while, he is extremely humiliated and tall. All through the book, Don Quixote was scorned by numerous individuals, however he never appeared to take note. He additionally has the knight’s ability since he needs to encapsulate the knight’s off-base thought, he needs to address missteps and use power when he needs power. Cavaliers are viewed as fearless and Don Quixote is daring.

See another book dependent on the soul of Cavaliers – Don Quixote. Wear Quixote was distributed by Miguel de Cervantes in 1605. This story records the craving to be a knight – Don Quixote – and his longing for the quest for the knight. His concern is that he has no well known work to begin with. Not at all like the fables he read, he doesn’t have a stronghold to expand or a princess to spare. Troy Helen can not safeguard. I can not attack Troy’s town. So this book wound up turning into an anecdote about this absurd – wear Quixote – and his deceptive conduct

 

 

 

 

 

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