Week 3 Increasing Profitability In A Healthcare Organization Management

Anonymous
timer Asked: Apr 16th, 2019
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Question Description

Question 1 (Discussion Board) Due by friday

Within the Discussion Board area, write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:

In Week 1, you did a literature review. In your discussion, identify a project that you read about that most closely resembles the project that you are undertaking in this course. Answer the following:

  • What characteristics of the project are similar to your organizational characteristics?
  • What goals of the project are most similar to your proposed goals?
  • How might your results differ? Why?

Question 2 MBA Healthcare Management CAPSTONE

Week 3: Project Plan (3-4 pages not including title page and reference page)

All projects should have a comprehensive plan for successful completion. This week, you must provide details about your project that are designed to organize and manage all relevant resources to achieve specific goals and objectives.

Write 3-4 pages not including title page and reference page that explain the following:

  • Problem statement
  • Measurable goals and objectives
  • Resources required
    • Human
    • Financial
  • A list of the tasks that are required for successfully implementing the project
  • Budget
  • Communication plan
  • Key stakeholders
    • Direct
    • Indirect

Abbreviated Example

  • Board approval: Present the project to the board, including the executive summary. Obtain approval to move forward with requests for proposals (RFPs).
  • Resource allocation: Submit requests for proposals to the 2 vendors that are identified. Include the return on investment (ROI) requirement. Meet with the bank representatives regarding financing. Meet with marketing to develop a campaign promoting the new process.
  • Implementation tasks: Schedule employee meetings to share the plan to use new laboratory equipment that will allow a shorter time for obtaining results. Meet with all staff to communicate the plan, and create teams to handle the different components of the implementation. It is necessary to communicate the purpose of the proposed change and highlight the benefits. Create training schedules to allow the nursing staff time to learn the new laboratory process. The receptionists will need to be trained to identify which patients will be using the new laboratory and the standard process.

Tutor Answer

Doctor_Ralph
School: New York University

Attached.

Running Head: INCREASING PROFITABILITY IN A HEALTHCARE ORGANIZATION

Increasing profitability in a healthcare organization
Name
Institution
Course
Date

1

INCREASING PROFITABILITY IN A HEALTHCARE ORGANIZATION

2

Characteristics of the Project that are Similar to my Organizational Characteristics
This project bears a great resemblance with the organizational characteristics of
Cleveland Clinic given that both projects focus on increasing the profitability and revenue
generations of the healthcare facilities. For instance, the project has clearly outlined the various
avenues that can be explored to ensure that the operating costs of the health facilities are greatly
reduced to help the hospitals to increase their operating leverage and realize more profit
(Popesko, Novák & Papadaki, 2015). This is similar to the characteristic of the organization that
entails identifying the various cost centers and cost drivers that increases the costs of healthcare
provision while the organizations are keen on employing the latest technology and innovation to
operate at a low-cost. Another key characteristic of the two projects is the focus on various
strategies that would increase the operating efficiency and effective utilization of hospital
resources and equipment with priority given on the areas that require more of the scarce
resources.
The Goals of the Project that are most similar to the Propose Goals
Out of the many goals that bear close resembles in the two projects, three goals were
extremely similar. The measurable goal of reducing the cost of operation by ensuring that the
rate of readmissions in the hospitals is reduced by 78% within the next one year as outlined in
the project is closely related to the proposed goal that focuses on achieving the goal of reducing
the number of patient readmission. It seems both goals are aimed at saving on the cost incurred
in the readmission process to save the revenue streams of the hospitals, thus increasing cash
inflows.
The second goal that is more similar in the project and the characteristic of the
organization is the goal focused on delivering patient-centered healthcare services to increase the

INCREASING PROFITABILITY IN A HEALTHCARE ORGANIZATION

3

quality of patient outcome (Popesko, Novák & Papadaki, 2015). This project goal is in line with
the characteristic of the organizations which focuses on providing patient-centered and culturally
sensitive services with the companion to ach...

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Anonymous
Top quality work from this guy! I'll be back!

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