HIM2223 St Petersburg College Revenue Cycle Management Analysis Paper

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natryjvatf12

Health Medical

HIM2223

Description

Anywhere Hospital's CFO for the past 20 years, Jim Smith, just retired. He worked for the hospital for 40 years and was greatly respected by his staff. The hospital governing board has hired a new CFO, Todd White.

Jim Smith utilized the silo approach to revenue cycle management during his tenure. He relied on his key

management personnel to contact upper management of other departments in the hospital to discuss issues and to resolve problems and vice versa.

Todd White, however, had implemented an integrated revenue cycle team at his former hospital three years ago and strongly believed in the power of teamwork. His previous team had gained numerous efficiencies and improved accounts receivable by millions. So when Todd started at Anywhere Hospital, he planned on implementing a similar revenue cycle team.

As with any change, Todd was met with much resistance. But after speaking with many of his managers in patient accounts and finance, he realized that the employees did not know how to effectively work in teams. And why should they—the previous CFO had not asked them to do so in several years.

What are some creative ways that Todd can help Anywhere Hospital understand the

importance of an integrated revenue cycle team?

How can a manager improve teamwork among his/her employees?

Does Todd need assistance from a change management leader? Explain your answer.

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Explanation & Answer

Hi, please see the attached paper. Have a look at it and in case of any edit, please let me know. Otherwise, it is my pleasure to have you as my buddy now and future. Until the next invite, Bye!

Running Head: ANALYSIS OF CHANGE IN MANAGEMENT

Analysis of Change in Management
Student’s Name
Instructor’s Name
Course
Date

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ANALYSIS OF CHANGE IN MANAGEMENT

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What are some creative ways that Todd can help Anywhere Hospital understand the
importance of an integrated revenue cycle team?
The introduction of a new routine or management system in a new environment requires further
training or coaching. Todd, the new CFO is required to improve the communication between the
managing team and the employees in the hospital, which will increase employees' commitment and
loyalty. He needs to hear from the employees, their position in the new management routine, and
identify where the gap exists.
Coaching will help employees and the managers to understand the importance of an integrated
revenue cycle and how it will improve in individual growth on career and the overall benefits to
the hospital (Hayes, 2018). It should be based on identifying and offering guidelines rather than
off...


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