Explain how the new wellness center can potentially affect

Reference no: EM133658228

Scenario

Health organizations continue to face challenges relative to costs and revenue. Changes in reimbursement structure is most often cited as one of the biggest challenges for providers. As a result, leaders are developing new approaches aimed at creating additional revenue streams.

Traditionally, hospitals have operated on profit margins that are often described as challenging. As a result of increased labor costs and a shift in payer mix, hospitals are being forced to do more with fewer resources. Consequently, hospitals are seeking new ways to improve their margins. Increasing patient volume is no longer effective in improving margins given the focus on value-driven care. As the CEO of XYZ hospital, you are asked to make a presentation to the board regarding ways to identify new streams of revenue.

Your hospital operates in a low-income community with a significantly large population of residents enrolled in Medicare and Medicaid coverage. Critical issues such as length of stay (LOS) requirements and other financial threats are creating an urgent need for your organization to consider new revenue sources. After conducting research into the development of alternate revenue streams implemented by hospitals, you propose a new state of the art wellness center. Your task is to gain support for the wellness center.

Instructions

Create a PowerPoint presentation in which you highlight the following:

Describe, in detail, the service offerings that you would include in your new wellness center.
Discuss any potential barriers to implementing the wellness center.
Explain how the new wellness center can potentially affect overall costs.
Explain how the new wellness center can potentially affect overall quality of care.
Describe the potential impact of the new wellness center on the underserved.
Discuss the potential implications of the proposed revenue stream on payers, patients, and providers.
Your presentation should include either speaker notes or voiceover narration.
Research the concept of developing wellness centers, using credible sources to create your presentation.

Reference no: EM133658228

Questions Cloud

What is historical significance : What is historical significance (for example, to students and to society, positive and negative, long-term and short-term) of the strike?

Determine this concept applies to mr. miller : Determine this concept applies to Mr. Miller's situation. Prioritize your hypothesis by numbering them 1 - 2 - 3. Generate solutions by providing at least

Develops your position on the accessibility : An extended paragraph that synthesizes material from at least three of the sources and develops your position on the accessibility

Discuss the variations that can occur within the third-party : Discuss the variations that can occur within the Third-Party Administrator or claims examiner roles. Also address the necessity of understanding

Explain how the new wellness center can potentially affect : Describe, in detail, the service offerings that you would include in your new wellness center. Discuss any potential barriers to implementing the wellness

What is a health maintenance organization : What are the key differences between a health maintenance organization (HMO), preferred provider organization (PPO).

New york society for prevention of pauperism : What did the leaders of the New York Society for the Prevention of Pauperism identify as the leading causes of poverty in New York City?

Analyze vulnerabilities based on the systems design : Security risk analysis: Analyze potential threats and vulnerabilities based on the system's design and architecture.

Ameta-analysis of randomized clinical trials : The efficacy and safety ofSt. John's wort extract in depression therapy compared to SSRIs in adults: Ameta-analysis of randomized clinical trials

User Account

All Pages