Description
You are an associate director in a 300-bed hospital located in an
urban area. For the purposes of your presentation, the location will be
the closest city to your current residence (Chicago). A sum of money is
available for investment in the facility. You have been tasked by the
hospital CEO to present a possible investment scenario in which you
clinically integrate your electronic health records (EHRs). Your primary
sources of data and information may or may not be reliable. Please see
the Finance, Risk, and Cost
document for the data needed to create your presentation.
This discussion must include the following information:
- A basic design of the projected service/project (i.e., the option you are promoting)
- An analysis of the role of public policy in terms of your provision of health care services and provide justification of your choice
- An explanation of the relevance of the current financial data in terms of the projected outcome of the project
- A compare and contrast discussion of the economic challenges and incentives related to your projec
Explanation & Answer
Attached.
POSSIBLE INVESTMENT SCENARIO IN A HOSPITAL
The healthcare sector is made up of many different industries – from pharmaceuticals and
devices to health insurers and hospitals – and each has different dynamics.
Healthcare investing requires a multifaceted approach to understand the underlying factors and
how to cope with its everchanging dynamicity. Based on the finance, risk and cost data, the
investment that needs to be brought about and adopted needs to solve the prevalent issues which
face the hospital which are majorly concerned with the patients’ health records in the hospital.
The best investment strategy would be to invest in digitization of the hospital by adopting
electronic medical records(EMRs) and this improve the situation of the hospital and satisfy the
patients, hence, getting more positive feedback from it. This would address a lot of problems th...
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