healthcare capital budgeting

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healthcare capital budgeting

Please provide comment below with 3-5 sentences minimum using APA resources. Thank you!

In the “Money Well Spent” by Keith O’Leary (2011) he discussed the best practices for optimizing facility capital investments. He acknowledges that there is a growing demand for new infrastructure, larger demand for patient safety, and an increasing number of patients that creates a strain to holding a facility afloat. He stresses that without a strategic plan in place to make sure that capital spending is proportionate with capital plans and budgets, facilities can run the risk of misallocating capital in least favorable ways. That is why this resource is useful since we are handling precious hospital money that isn’t ours and the decisions on how to allocate funds can affect the long-standing operations of the facility.

O’Leary goes on to state that there are three key areas of vulnerability which include accountability, communication and process efficiency. Data is typically spread across departments and not centralized. Rapid reconciliation of spending is thus difficult due to the intensive data collection process across the departments. This also leads to poor visibility into the data and lags down the decision-making process and creates hardship to control spending. Therefore, he recommends taking these disparate data sources and placing them into a central repository. Once available, it creates a real-time approach and thus eliminates lag time between reporting and reconciliation of funds. As for communication, the capital budget process is usually done annually and as a static financial event. For example, when requests for spending are made, it goes through the proper channels like department managers who first must obtain prior approval before action can take place. The decisions are all made based upon the annual financial event. On the other hand, a capital spend management system can create a more dynamic approach and accommodates any unforeseen needs that may pop up throughout the year. Stakeholders can also readily engage in the requisition process because information is already available to see and use. Multiple departments are also provided the real-time information to help the facility merge its capital budgeting operations. And last efficiency is increased by standardization. Without standardization the capital budgeting process can be a manually intensive process. There is a lack of consistency and many hours must be aggregated to a master spreadsheet to them be used as budget tracking. This can be found when there are individual departments or regional facilities doing their own processes for budgeting. The time gained by having process standardization creates more time to focus on other critical needs.

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O’Leary, K. (2011, December 5). Money well spent. Retrieved May 10, 2018, from https://www.hfmmagazine.com/articles/1194-money-well-spent

​Management in Healthcare Wk 7 Discussion

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​Management in Healthcare Wk 7 Discussion

Management in Healthcare Wk 7 Discussion

“Strategic Thinking and Tactical Strategies, and Competitive Advantage”

Please respond to the following:

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  • Assess the value of dynamic strategic thinking, particularly in the health care environment. Speculate on the most significant potential consequences should a health care organization neglect to think strategically. Give at least one (1) specific example of the constant changes that keep health care organizations seeking new strategies continually.
  • Analyze the importance of having a competitive advantage in health care. Recommend two (2) actions that a hospital could take in order to achieve a competitive advantage. Provide a rationale for your response.

 

****This is a discussion, NOT a paper. Need 2 strong paragraphs and references.****

You have been invited to do a presentation to the laboratory department.

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You have been invited to do a presentation to the laboratory department.

4-5 pages not including cover and reference pages

You have been invited to do a presentation to the laboratory department regarding Health Insurance Portability and Accountability Act (HIPAA) compliance and electronic health records. Discuss the salient points of your presentation and why you feel it is important to include this information in your presentation.

Include the following information:

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  • Define protected health information and when it can be disclosed.
  • Differentiate between the privacy rule and the security rule as it applies to actual use in the laboratory.
  • Differentiate between identifiable and unidentified information and their uses.

Your assignment will be graded in accordance with the following criteria. Click here to view the grading rubric.

Your answer should be supported with a minimum of 1 reliable resource in addition to your text. Be sure to cite all references in APA format.

What job am I a good candidate for?

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What job am I a good candidate for?

Assume you are conducting a job search on the internet (using Indeed or Monster, for example) and identify a position in healthcare operations management. (Note that the job can be located anywhere for the purpose of this assignment.)

  • Provide a link to the job.

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  • Explain the extent to which you meet the qualifications.
  • Identify the qualifications that you still need to enhance.
  • Discuss how you could gain the qualifications you are missing.
  • What questions do you have about the application itself?

​Management in Healthcare Wk 8 Discussion

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​Management in Healthcare Wk 8 Discussion

Management in Healthcare Wk 8 Discussion

“Decisions on Health Care Organization Alliances and Regulations”

Please respond to the following:

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  • From the e-Activity, distinguish the factors that are most important in carrying out a successful health care organization merger or acquisition. Defend at least two (2) reasons why health care organization alliances are sometimes necessary. Provide a rationale for your response.
    • E-Activity: Use the Internet to research one (1) recent health care organization’s alliance, and compile the factors that led to the alliance.
  • Dispute or defend the idea that a government regulation system should be the main regulating body in health care. Predict two (2) consequences of the alternative regulating system being in control. Provide a rationale for your response.

****This is a discussion, NOT a paper. Need 2 strong paragraphs and references.****

Assignment 2: Managing Health Care Quality 4-6 Page Paper

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Assignment 2: Managing Health Care Quality 4-6 Page Paper

Management in Healthcare

Assignment 2: Managing Health Care Quality

***4-6 Pages Does NOT include Cover Page or Reference Page***

Imagine that you are a hospital administrator at the Sunlight Hospital in California. The main complaint among the patients is the quality of care. Your job is to understand the state of the hospital, create value, increase efficiency, and turn the facility into a local hospital of choice. Whenever you are making visits in various wards to meet the employees and the patients, you hear how the patients love the hospital, but they would like to see certain improvements in care. The employees seem to be very busy executing their duties and not interacting much with the patients. The hospital board has asked you to compile a report of your findings and suggested strategy for achieving the hospital’s current goals.

Note: You may create and / or make all necessary assumptions needed for the completion of this assignment.

Write a four to six (4-6) page paper in which you:

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  • Classify five (5) measurements of quality of care in a hospital, and justify the major reasons why you believe these measurements matter to patients in their process of choosing a hospital for emergency or inpatient care.
  • Specify four (4) main features in health care organizations that can be used to design a successful quality improvement plan. Articulate the significant manner in which the specified features can lead to failure or success of quality of care in Sunlight Hospital.
  • Suggest the salient reasons why quality of care would add value to and create a competitive advantage for the Sunlight Hospital. Justify your response.
  • Use four (4) recent (within the last five [5] years) quality academic resources in this assignment.
    Note: Wikipedia and other websites do not qualify as quality academic resources.

Your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

  • Propose methodologies that have been proven to increase value in health care delivery systems
  • Examine leadership and management frameworks that are most applicable to a certain organization type within the health care industry.
  • Craft a strategic plan that leads to a competitive advantage within a certain market.
  • Use technology and information resources to research issues in health care management.
  • Write clearly and concisely about health care management using proper writing mechanics.
Assignment 2: Managing Health Care Quality
Criteria Unacceptable

Below 70% F

 Fair

70-79% C

 Proficient

80-89% B

 Exemplary

90-100% A
1. Classify five (5) measurements of quality of care in a hospital, and justify the major reasons why you believe these measurements matter to patients in their process of choosing a hospital for emergency or inpatient care.

Weight: 25%

 Did not submit or incompletely classified five (5) measurements of quality of care in a hospital, and did not submit or incompletely justified the major reasons why you believe these measurements matter to patients in their process of choosing a hospital for emergency or inpatient care. Partially classified five (5) measurements of quality of care in a hospital, and partially justified the major reasons why you believe these measurements matter to patients in their process of choosing a hospital for emergency or inpatient care. Satisfactorily classified five (5) measurements of quality of care in a hospital, and satisfactorily justified the major reasons why you believe these measurements matter to patients in their process of choosing a hospital for emergency or inpatient care. Thoroughly classified five (5) measurements of quality of care in a hospital, and thoroughly justified the major reasons why you believe these measurements matter to patients in their process of choosing a hospital for emergency or inpatient care.
2. Specify four (4) main features in health care organizations that can be used to design a successful quality improvement plan. Articulate the significant manner in which the specified features can lead to failure or success of quality of care in Sunlight Hospital.
Weight: 25%		 Did not submit or incompletely specified four (4) main features in health care organizations that can be used to design a successful quality improvement plan. Did not submit or incompletely articulated the significant manner in which the specified features can lead to failure or success of quality of care in Sunlight Hospital. Partially specified four (4) main features in health care organizations that can be used to design a successful quality improvement plan. Partially articulated the significant manner in which the specified features can lead to failure or success of quality of care in Sunlight Hospital. Satisfactorily specified four (4) main features in health care organizations that can be used to design a successful quality improvement plan. Satisfactorily articulated the significant manner in which the specified features can lead to failure or success of quality of care in Sunlight Hospital. Thoroughly specified four (4) main features in health care organizations that can be used to design a successful quality improvement plan. Thoroughly articulated the significant manner in which the specified features can lead to failure or success of quality of care in Sunlight Hospital.
3. Suggest the salient reasons why quality of care would add value to and create a competitive advantage for the Sunlight Hospital. Justify your response.

Weight: 25%

 Did not submit or incompletely suggested the salient reasons why quality of care would add value to and create a competitive advantage for the Sunlight Hospital. Did not submit or incompletely justified your response. Partially suggested the salient reasons why quality of care would add value to and create a competitive advantage for the Sunlight Hospital. Partially justified your response. Satisfactorily suggested the salient reasons why quality of care would add value to and create a competitive advantage for the Sunlight Hospital. Satisfactorily justified your response. Thoroughly suggested the salient reasons why quality of care would add value to and create a competitive advantage for the Sunlight Hospital. Thoroughly justified your response.
4.4 recent (i.e., last five [5] years) references

Weight: 5%

 No references provided Does not meet the required number of references; some or all references poor quality choices. Meets number of required references; all references high quality choices. Exceeds number of required references; all references high quality choices.
5.Writing Mechanics, Grammar, and Formatting

Weight: 5%

 Serious and persistent errors in grammar, spelling, punctuation, or formatting. Partially free of errors in grammar, spelling, punctuation, or formatting. Mostly free of errors in grammar, spelling, punctuation, or formatting. Error free or almost error free grammar, spelling, punctuation, or formatting.
6.Appropriate use of APA in-text citations and reference section

Weight: 5%

 Lack of in-text citations and / or lack of reference section. In-text citations and references are provided, but they are only partially formatted correctly in APA style. Most in-text citations and references are provided, and they are generally formatted correctly in APA style. In-text citations and references are error free or almost error free and consistently formatted correctly in APA style.
7.Information Literacy / Integration of Sources

Weight: 5%

 Serious errors in the integration of sources, such as intentional or accidental plagiarism, or failure to use in-text citations. Sources are partially integrated using effective techniques of quoting, paraphrasing, and summarizing. Sources are mostly integrated using effective techniques of quoting, paraphrasing, and summarizing. Sources are consistently integrated using effective techniques of quoting, paraphrasing, and summarizing.
8.Clarity and Coherence of Writing

Weight: 5%

 Information is confusing to the reader and fails to include reasons and evidence that logically support ideas. Information is partially clear with minimal reasons and evidence that logically support ideas. Information is mostly clear and generally supported with reasons and evidence that logically support ideas. Information is provided in a clear, coherent, and consistent manner with reasons and evidence that logically support ideas.

 

Tags: management healthcare management mangement in healthcare

Management in Healthcare Wk 9 Discussion

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Management in Healthcare Wk 9 Discussion

Management in Healthcare Wk 9 Discussion

“Health Care Information Systems”

Please respond to the following:

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  • Justify the primary reasons why investing in any health care organization technology and information system should align with the overall organization strategic goals. Speculate at least one (1) example of the potential adverse effects to the organization for not doing so.
  • Suppose you are the administrator at a hospital of your choosing. From the e-Activity, suggest the most important attributes of other hospitals information systems (IS) that you would need to consider when structuring the IS system in your own hospital. Provide a rationale for your response.
    • E-activity: Use the Internet to research the most widely used electronic health record programs in health organizations today.

****This is a discussion, NOT a paper. Need 2 strong paragraphs and references.****

Financial Balanced scorecard

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Financial Balanced scorecard

First, select one of the four perspectives of the balanced scorecard model (Financial, Customer, Internal Business Process, or Learning and Growing). With that perspective in mind, discuss its importance within healthcare operations management. Address the following questions as you develop your response: (Please use Financial)

  • Why is your chosen perspective important?
  • What are the strengths of that perspective?

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  • What are the limitations of that perspective?
  • Offer an example of how that perspective is applied in healthcare.
  • If it is not managed correctly, how might it impact operations management?

Are there Internships for Healthcare Administraton

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Are there Internships for Healthcare Administraton

Curriculum Development 1 Title of Paper Student’s Name Course Number (ORG500) – Name of Course (Foundations of Effective Management) Colorado State University – Global Campus Instructor’s Name August 6, 2010 Assessment 2 Title of Paper This is your introduction. If you need help writing this paper you can view the Writing an Effective Paper handout/tutorial which is located in the Library under the Library Tutorials. Ipsum lorem vei illum sat dolor euis mod tincidunt vei auminiure dolor in esse. Ulta ceet dolore magna si napi. Wisi e nim admin im veniam, quis nostrud. In atsvulpate velt esse meleste at semper manet sola. Ut lacreet dolore magna aliquam sic semper fi tyrannis erat volutpat. Wisi enim ad minim veniam. Dolore eu sata sfeugiat. Ipsum lorem vei illum sat dolor euis mod tincidunt vei auminiure dolor in esse. Ultaceet dolore magna si napi. Wisi e nim ad minim veniam, quis nos In a tsvulpate velt esse meleste at semper manet sola. UT lacreet dolore magna aliquam sic semp fi tyrannis erat volutpat. Wisi enim ad minim veniam. Dolore eu sata sfeugiat. Level 1 Header (Example: Leadership and Diversity) The Level 1 Header is going to be a broad topic. The Level 2 Header is a subtopic under Level 1 and Level 3 Headers is a subtopic under Level 2 Header, and so on. Depending on your topic and your outline, you may not use all the Headers. Ipsum lorem vei illum sat dolor euis mod tincidunt vei auminiure dolor in esse. Ulta ceet dolore magna si napi. Wisi e nim admin im veniam, quis nostrud. In atsvulpate velt esse meleste at semper manet sola. Ut lacreet dolore magna aliquam sic semper fi tyrannis erat volutpat. Wisi enim ad minim veniam. Dolore eu sata sfeugiat. Ipsum lorem vei illum sat dolor euis mod tincidunt vei auminiure dolor in esse. Ultaceet dolore magna si napi. Wisi e nim ad minim veniam, quis nos In a tsvulpate velt esse meleste at semper manet sola. UT lacreet dolore magna aliquam sic semp fi tyrannis erat volutpat. Wisi enim ad minim veniam. Dolore eu sata sfeugiat. Ipsum lorem vei illum sat dolor euis mod tincidunt vei auminiure dolor in esse. Ulta ceet dolore magna si napi. Wisi e nim admin im veniam, quis nostrud. In atsvulpate velt esse meleste Assessment 3 at semper manet sola. Ut lacreet dolore magna aliquam sic semper fi tyrannis erat volutpat. Wisi enim ad minim veniam. Dolore eu sata sfeugiat. Ipsum lorem vei illum sat dolor euis mod tincidunt vei auminiure dolor in esse. Ultaceet dolore magna si napi. Wisi e nim ad minim Level 2 Header – This is a subtopic of Level 1 (Example: Leadership) Ipsum lorem vei illum sat dolor euis mod tincidunt vei auminiure dolor in esse. Ulta ceet dolore magna si napi. Wisi e nim admin im veniam, quis nostrud. In atsvulpate velt esse meleste at semper manet sola. Ut lacreet dolore magna aliquam sic semper fi tyrannis erat volutpat. Wisi enim ad minim veniam. Dolore eu sata sfeugiat. Ipsum lorem vei illum sat dolor euis mod tincidunt vei auminiure dolor in esse. Ultaceet dolore magna si napi. Wisi e nim ad minim veniam, quis nos In a tsvulpate velt esse meleste at semper manet sola. UT lacreet dolore magna aliquam sic semp fi tyrannis erat volutpat. Wisi enim ad minim veniam. Dolore eu sata sfeugiat. Level 3 Header – Indented, boldface, lowercase heading with a period. Begin body text after the period. This is a subtopic of Level 2 (Example: Team communication.). Ipsum lorem vei illum sat dolor euis mod tincidunt vei auminiure dolor in esse. Ulta ceet dolore magna si napi. Wisi e nim admin im veniam, quis nostrud. In atsvulpate velt esse meleste at semper manet sola. Ut lacreet dolore magna aliquam sic semper fi tyrannis erat volutpat. Wisi enim ad minim veniam. Dolore eu sata sfeugiat. Ipsum lorem vei illum sat dolor euis mod tincidunt vei auminiure dolor in esse. Level 4 Header – Indented, boldface, italicized, lowercase heading with a period. Begin body text after the period. This is a subtopic of Level 3 (Example: Public speaking.). Ultaceet dolore magna si napi. Wisi e nim ad minim. Ulta ceet dolore magna si napi. Wisi e nim admin im veniam, quis nostrud. In atsvulpate velt esse meleste at semper manet sola. Ut lacreet dolore magna aliquam sic semper fi tyrannis erat volutpat. Wisi enim ad minim veniam. Dolore eu sata Assessment 4 sfeugiat. Ipsum lorem vei illum sat dolor euis mod tincidunt vei auminiure dolor in esse. Ultaceet dolore magna si napi. Wisi e nim ad minim Level 5 – Indented, italicized, lowercase heading with a period. Begin body text after the period. This is a subtopic of Level 4 (Example: Posture and tone.). Ipsum lorem vei illum sat dolor euis mod tincidunt vei auminiure dolor in esse. Ulta ceet dolore magna si napi. Wisi e nim admin im veniam, quis nostrud. In atsvulpate velt esse meleste at semper manet sola. Ut lacreet dolore magna aliquam sic semper fi tyrannis erat volutpat. Wisi enim ad minim veniam. Dolore eu sata sfeugiat. Ipsum lorem vei illum sat dolor euis mod tincidunt vei auminiure dolor in esse. Ultaceet dolore magna si napi. Wisi e nim ad minim veniam, quis nos In a tsvulpate velt esse meleste at semper manet sola. UT lacreet dolore magna aliquam sic semp fi tyrannis erat volutpat. Wisi enim ad minim veniam. Dolore eu sata sfeugiat. Ipsum lorem vei illum sat dolor euis mod tincidunt vei auminiure dolor in esse. Ulta ceet dolore magna si napi. Wisi e nim admin im veniam, quis nostrud. In atsvulpate velt esse meleste at semper manet sola. Ut lacreet dolore magna aliquam sic semper fi tyrannis erat volutpat. Wisi enim ad minim veniam. Dolore eu sata sfeugiat. Ipsum lorem vei illum sat dolor euis mod tincidunt vei auminiure dolor in esse. Ultaceet dolore magna si napi. Wisi e nim ad minim Level 2 Header (Example: Diversity) Ipsum lorem vei illum sat dolor euis mod tincidunt vei auminiure dolor in esse. Ulta ceet dolore magna si napi. Wisi e nim admin im veniam, quis nostrud. In atsvulpate velt esse meleste at semper manet sola. Ut lacreet dolore magna aliquam sic semper fi tyrannis erat volutpat. Wisi enim ad minim veniam. Dolore eu sata sfeugiat. Ipsum lorem vei illum sat dolor euis mod tincidunt vei auminiure dolor in esse. Ultaceet dolore magna si napi. Wisi e nim ad minim Assessment 5 veniam, quis nos In a tsvulpate velt esse meleste at semper manet sola. UT lacreet dolore magna aliquam sic semp fi tyrannis erat volutpat. Wisi enim ad minim veniam. Dolore eu sata sfeugiat. Ipsum lorem vei illum sat dolor euis mod tincidunt vei auminiure dolor in esse. Ulta ceet dolore magna si napi. Wisi e nim admin im veniam, quis nostrud. In atsvulpate velt esse meleste at semper manet sola. Ut lacreet dolore magna aliquam sic semper fi tyrannis erat volutpat. Wisi enim ad minim veniam. Dolore eu sata sfeugiat. Ipsum lorem vei illum sat dolor euis mod tincidunt vei auminiure dolor in esse. Ultaceet dolore magna si napi. Wisi e nim ad minim Assessment 6 References Carroll, A. B. (1979). A three-dimensional conceptual model of corporate performance. The Academy of Management Review, 4(4), 497. [This is a journal article citation. Articles from the Library databases are based on print journals so the citation will end with page numbers.] Collins, J. (2001). Good to great. New York, NY: HarperCollins Publishers Inc. [This is a book citation.] Epstein, M. J. (2008). Making sustainability work. San Francisco, CA: Greenleaf Publishing Limited. Epstein, M., & Roy, M. (2003). Improving sustainability performance: Specifying, implementing and measuring key principles. Journal of General Management, 29(1), 15-31. French, S. (2009). Critiquing the language of strategic management. The Journal of Management Development, 28(1), 6-17. doi: 10.1108/02621710910923836 [This is a

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journal article citation from a Library database. Include a doi number if available.] Ginter, P., Ruck, A., & Duncan, W. (1985). Planners’ perceptions of the strategic management process. Journal of Management Studies, 22(6), 581-596. Hollingworth, M. (2009, November/December). Building 360 organizational sustainability. Ivey Business Journal Online. Retrieved from http://www.iveybusinessjournal.com/article.asp?intArticle_ID=868 [This is a journal that is published online, so you would include the URL.] Reuters. (2010). Walgreens Co. (WAG.N). Retrieved from http://www.reuters.com/finance/stocks/companyProfile?symbol=WAG.N Assessment 7 Walgreens. (2010a). Mission statement. Retrieved from http://news.walgreens.com/article_display.cfm?article_id=1042 [This is a website citation with a corporate author. If you retrieve information from various pages of this particular website, you need to cite each web page. However, because the author and the year will be exactly the same, the lowercase letters, “a,” “b,” etc. need to be added to the year. The in-text citation would be: (Walgreens, 2010a).] Walgreens. (2010b). Our past. Retrieved from http://www.walgreens.com/marketing/about/history/default.html

Differences between Correlation and Causation

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Differences between Correlation and Causation

What is the difference between correlation and causation? Offer an example of each as it relates to healthcare operations management. Then explain how these concepts are important in identifying and prioritizing operational improvement opportunities.

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This is just a discussion post. 250 words and a reference please