Operations Planning for A Group Medical Practice Paper

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Imagine that a group of physicians who are planning to open a single-specialty group practice has hired you as a consultant. Your job is to advise the physicians in creating a business plan that includes management strategies that will help ensure their success. The physicians have stipulated that the plan must promote medical excellence and limit their exposure to risks associated with the practice of medicine and the operational functions of the practice. In addition, they are aware that a public health emergency or natural disaster could have had a significant impact on their practice, and want to include a strategy for emergency preparedness as part of their plan so that they will be able to manage their patients and help serve the community as needed.

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

  1. Compare and contrast the two (2) main levels (i.e., internal comparison and external comparison) of financial benchmarking. Next, analyze the strategic purpose of each level of benchmarking and specify the overall importance of benchmarking as a financial planning tool for a medical practice.
  2. Recommend a Health Information Technology (HIT) system that includes an Electronic Health Record (EHR) for the new practice to implement. Support your recommendation by determining three (3) main benefits of having this type of system for the practice.
  3. According to the text (page 368), some of the main areas of risk exposure for a group practice include: property (general liability and safety), technology, and financial practices. Determine one (1) specific hazard associated with one (1) of these risk categories and propose a strategy to mitigate the impact this risk could have on the practice. Support your analysis with a real-life example.
  4. Determine the main functions of the practice that will need to remain operational before, during, and / or after a natural disaster or public health emergency. Next, suggest a strategy that the practice should take to maintain communication with employees and patients, secure patient and financial records, and ensure that resources will available to care for patients during a disaster or emergency. Provide a rationale for your response.
  5. Use at least three (3) quality academic resources. Note: Wikipedia does not qualify as an academic resource.
  6. Format your assignment according to the following formatting requirements:
    1. Typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
    2. 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 is not included in the required page length.
    3. Include a reference page. Citations and references must follow APA format. The reference page is not included in the required page length.

The specific course learning outcomes associated with this assignment are:

  • Evaluate the role of physicians as practice administrators and determine the administrative challenges facing today’s practice managers.
  • Examine ways in which health service administrators can help physicians prepare for disasters and facilitate recovery.
  • Apply benchmarking techniques for financial and operational efficiency.
  • Examine the legal and risk management issues affecting today’s physician practices.
  • Use technology and information resources to research issues in physician’s practice management.
  • Write clearly and concisely about physician’s practice management using proper writing mechanics.

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Explanation & Answer

Attached.

Operations Planning for a Group Medical Practice – Outline
Thesis Statement: Besides, the focus of the group, the elements discussed include the
comparison between external and internal aspects of financial benchmarking, recommendation of
a Health Information Technology, determination of a particular hazard related with a specific
risk category, primary functions of the practice, as well as the approach in which the practice is
supposed to apply for communication maintenance.
I.

Comparison between External and Internal Aspects of Financial Benchmarking
A. The internal comparison is concerned with the information obtained within a given
organization, whereas the external comparison deals with the information gathered by other
organization.
B. The strategic purpose of the mentioned benchmarking levels is to enable each
professional in the medical practice to achieve the obligations for providing high quality
healthcare services.

II.

Recommendation of a Health Information Technology
A. The EHR Suite is a health information technology system developed by eClinicalWorks
Company.

III.

Determination of a Particular Hazard Related With a Specific Risk Category
A. There are six significant risk exposure categories in office practice.
B. Fire is considered to be a significant risk that can affect both the property and the
individuals involved.

IV.

Main Functions of the Practice for Continuous Operation after the Disaster

A. In this case, some of the primary functions that need to proceed include treating the
affected individuals, diagnosis of the victims, as well as securing and documentation of the
critical patients’ information.
V.

A Strategy to Be Considered For Communication
A. Ensuring that the remote data backup is secure and available
B. The remote data back-up would enable healthcare providers to gain access to vital
financial and patients records


Running head: OPERATIONS PLANNING FOR A GROUP MEDICAL PRACTICE

Operations Planning for a Group Medical Practice
Name
Institution

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OPERATIONS PLANNING FOR A GROUP MEDICAL PRACTICE

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Operations Planning for a Group Medical Practice
A single-Specialty Group Practice is a practice involving several physicians to offer
healthcare services to various patients. The practice is commonly undertaken by physicians, who
belong to a wide range of specialties such as surgical, orthopedic, cardiologic, rehabilitation,
neurology, or internal medicine professions. The paper is prepared based on a perspective where
some physi...


Anonymous
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