Reference no: EM133628500

Assignment: Research Paper- Budget in Health- Health Unit Coordination

Course Learning Outcomes

Upon completion of this unit, students should be able to:

1) Explore quality improvement activities when supervising a health unit.
2) Explore the roles of quality management, process improvement, patient safety, and risk management in health care.
3) Identify process improvement techniques and strategies to analyze adverse events used in health care.
4) Demonstrate understanding of key laws and regulations pertinent to coordinating a health care unit.
5) Relate the Health Insurance Portability and Accountability Act (HIPAA) to safety concerns in hospitals.

Picture yourself as a member of the administration team of a 253-bed healthcare facility. The community where the facility is located has a large corporation moving to town that is going to bring in 7,500 new jobs. Building has started to accommodate the higher population in the community. The administration team has decided to expand the healthcare facility by 150 beds, including expansion of the emergency department and two new intensive care units in preparation for the increased population in the community. The healthcare organization needs to obtain funding for the expansion.

Compose an essay discussing each of these details:

1) The type of financing you will be looking for (equity or debt),
2) The parties you will contact to obtain funding,
3) The four primary purposes for investment management,
4) The cash reserves you determine are needed,
5) Any long-term debt sources that may be needed as well, and
6) How you will staff for the expansion?