HCM 565 Healthcare Finance Essay

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HCM 565 Healthcare Finance Essay

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Module 12: Critical Thinking

Staffing Turnover (100 points)

Review the Corporate Strategic Plan for Dr. Soliman Fakeeh Hospital

https://assets.dsfh.med.sa/wp-content/uploads/2019/06/Corporate-Strategic-Plan-2018-2020-1.pdf

One of the Strategic Directives listed in “Invest in People & development” which is explained in detail on page 14.

Investing in people can be expensive but it can be argued it is less expensive than having a higher employee turnover.

There can also be many benefits from retaining staff as this article illustrates:

The COVID-19 Pandemic has placed a significant strain on many employees in the healthcare industry, with burnout and potentially PTSD becoming major issues going forward. HCM 565 Healthcare Finance Essay

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Write a paper that addresses:

  1. The financial issues relating to both retaining staff and those associated with recruiting and training new staff when there is high staff turnover.
  2. The non-financial costs associate with losing personnel who have many years of experience working in this institution.
  3. Recommendations as to what an institution should do to avoid such problems.
  4. The benefits associated with adopting those recommendations.

Your paper should meet the following structural requirements:

Your paper should meet the following structural requirements:

  • Four-to-five pages in length, not including the cover sheet and reference page.
  • Formatted according to APA 7th edition and Saudi Electronic University writing standards
  • Provide support for your statements with in-text citations from a minimum of four scholarly articles. Two of these sources may be from the class readings, textbook, or lectures, but the other two must be external. The Saudi Digital Library is a good place to find these references.

You are strongly encouraged to submit all assignments to the Turnitin Originality Check prior to submitting them to your instructor for grading. If you are unsure how to submit an assignment to the Originality Check tool, review the Turnitin Originality Check Student Guide. HCM 565 Healthcare Finance Essay