Reference no: EM13885499
Assignment: Middleville Regional Healthcare
Middleville Regional Health Care is one (1) of three (3) hospitals serving a community of 350,000 people. Summary statistics on Middleville and its competitors, from the AHA Guide, are shown below in Table 1. All three organizations are not-for-profit.
Table 1: Middleville, Brierfield, and Greystone Health Care Systems
Name
|
Beds
|
Admissions
|
Census
|
OP Visits
|
Births
|
Expenses (000)
|
Personnel
|
Middleville
|
575
|
13,000
|
350
|
221,000
|
2,300
|
$125,000
|
2,000
|
Brierfield
|
380
|
17,000
|
260
|
175,000
|
1,200
|
$130,000
|
1,875
|
Greystone
|
350
|
10,000
|
180
|
40,000
|
900
|
$80,000
|
1,200
|
The governing board of Middleville hired a consulting company to evaluate its strategic performance, specifically in the areas of Human Resources, Information Technology, Financing, and Marketing. As part of the consultant's evaluation, several leaders of Middleville's units were asked their perspective of the organization's performance.
You are working for the consultant. Your job is to identify the issues from the response that should be considered further by the consultant team and possibly discussed with the governing board and the CEO. The firm has a rule, "Never offer a criticism or negative finding without suggesting how the client organization can correct it," so you must indicate what sort of correction you would recommend as part of your list. Because you know there were about two (2) dozen other interviews, you decide you should rank your issues in importance, to make sure the most critical are discussed.
Write a six to eight (6-8) page paper in which you:
1. Explain the governing board's role in these strategic initiatives, determining its responsibility and involvement.
2. Evidence-based management means that operational and strategic decisions are made based upon the evidence that goals and objectives are actually being met. Quantitative measurements must be identified and measured. This data is then used to evaluate the HCO's performance. Name three (3) performances Middleville can use to measure its success in providing quality healthcare to the community, and identify quantifiable, measureable indicators that can be used to do so. Explain the importance of each performance measurement.
3. Given the statistics of Middleville and its two (2) competitors provided in Table 1, recommend to the HCO what areas it should focus on to maintain its competitive market share as well as continue to provide healthcare to the community in the 21st century.
4. Some of Middleville's Board members are very interested in pursuing advanced technology systems over the next five (5) years, while others are concerned about the enormous expense and need assurance that the investment in technology will be worthwhile. In both monetary and process terms, describe the costs and benefits associated with implementing EMR and associated health data systems. Lay out a plan for how various systems can be implemented.
5. Middleville has faced many challenges in recruiting and retaining nurses and other clinical employees. The economy has hit the area very hard and budgetary limitations have reduced the amount of money available for salary increases. The Board knows it needs to provide other benefits to their valued employees. Provide at least two (2) suggestions to Human Resources to promote employee satisfaction and, therefore, retain experienced personnel.
6. Use at least three (3) quality resources in this assignment. Note: Wikipedia and similar Websites do not qualify as quality resources.
Why might not extend argument to financial transactions
: The argument in favor of current account convertibility (free trade) is that it leads to gains from trade. Are there any reasons you can think of why we might not be able to extend this argument to the financial transactions of the capital account..
|
How could information contribute to employee satisfaction
: In meetings held at the beginning of each shift, employees receive information that helps them provide superior service because they know more about their guests. How could that information also contribute to employee satisfaction and retention?
|
Discuss the importance of constructing confidence intervals
: Discuss the importance of constructing confidence intervals for the population mean
|
Identify global or regional trends
: Select a non-North American country. Identify five global or regional trends that influence your selected country
|
Explain the governing board role in strategic initiatives
: Assignment: Middleville Regional Healthcare. Explain the governing board's role in these strategic initiatives, determining its responsibility and involvement
|
Opportunity cost of cookies in terms of milk increases
: Suppose you are choosing between milk and cookies. If the opportunity cost of cookies in terms of milk increases, then the budget curve will: A. An inward rotation of the budget curve B. An outward rotation of the budget curve C. A parallel outward s..
|
Investment vehicles affect risk and returns of pension plan
: HOW can different investment vehicles affect the risk and returns of the pension fund? What are the pros and cons of using international investment vehicles, real estate, and alternative asset vehicles in a pension investment portfolio?
|
Maximizing utility with convex indifference curves
: Suppose all consumers are maximizing utility with convex indifference curves. All face the same prices, and are perfectly rational. According to microeconomic models,
|
Complete vertical analysis on the balance sheet
: Complete a vertical analysis on the balance sheet for Mullen's Hardware for December 31 of last year. The company assets are cash $11,000, accounts receivable $40,000, and merchandise inventory $96,000. The liabilities are accounts payable $19,000 an..
|