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Finance, Human Resources, Performance Improvement And Technology- The Business Of Healthcare Essay

Finance, Human Resources, Performance Improvement And Technology- The Business Of Healthcare Essay

The business of healthcare is essential since it responsible for maintaining the growth. The business of healthcare consist of 4 major components which are Healthcare finances, human resources, performance improvement and healthcare technology. The role of finance in healthcare is acquisition and maintenance of healthcare resources and equipment. Human resources is vital for healthcare since they provide the services to improve the healthcare outcomes of the patient. Healthcare technology improves the effectiveness and efficiency  of healthcare delivery system. Performance improvement. Plans for quality improvement and performance are comprehensive strategies that aim to improve the clinical organization of a healthcare provider’s services and the quality of those services. It comprises, among other things, the manner in which  healthcare will conduct its day-to-day operations and evaluate the quality of its performance Finance, Human Resources, Performance Improvement And Technology- The Business Of Healthcare Essay.

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Finance’s key responsibility in the health care industry is to plan for, acquire, and utilize resources in order to maximize the business’s productivity and value. In  health care , finance is critical. It ensures that everything runs smoothly and efficiently. The  future of a healthcare organization could be in jeopardy if it doesn’t have the right people in place to run it. Cash comes to mind when I think of finances. Cash flow is at an all-time low in today’s economy. Increasing numbers of people are looking for ways to save money. This results in fewer healthcare providers appointments, and in some cases, no visits at all. A abrupt drop in patient volume can threaten the employment of health care professionals who have become used to seeing a specific volume of patients. The healthcare industry’s reliance on finance has grown.

The  major financial concerns in healthcare are reimbursement, increasing costs, reducing costs of operation’ collection of payments and payments for the resources. Funding is needed to address these issues in order to keep patients happy. Even if patient education and a shift in the way care is delivered are some of the solutions to the concerns identified, more money and resources must still be made available (Al-Salem, 2018).. It’s important to consider a variety of things when estimating the budget impact, including the frequency and type of treatments used as well as their validity and sensitivity ratings. Because of this, it is projected to have a major financial impact.

The human resources department is an extremely important aspect of every company, regardless of the industry. Without a strong HR leader, neither a firm nor an industry can hope to thrive. Particularly important in the field of healthcare is the function that human resources play. It is absolutely necessary to have a solid HR team in place in order to help navigate the different issues that are present in the healthcare business due to the complexities that are present (Chams & García-Blandón, 2019).. The degree of structure and straightforwardness that your process maintains is likewise of the utmost significance. The HR is involved n different role such as hiring, training, management of employees, ensuring better patient outcomes and promoting cultural competency in healthcare.

The HR is in charge of hiring and terminating personnel is the responsibility of the Human Resources Manager. In addition, the department oversees all monetary and time-related aspects of an employee’s working life. Making decisions that affect everyone’s well-being — including their own — is a manager’s obligation. Employees may feel the need to submit a claim against their employer or their employer’s agent if they believe they have been treated unfairly by their employer or their employer’s representative. Some examples of these events are workplace injuries, layoffs or termination, or even arrests or other incidents of this nature. Employment-related claims are one of the many areas in which human resources professionals are well-versed in the relevant state and local rules for dealing with such claims.

Performance improvement involves an ongoing assessment  and improvement of a healthcare organization’s operations and procedures in order to improve the likelihood of attaining desired results and better satisfy the needs of patients. In order to enhance healthcare, one must focus on directly improving the quality of care (Eboreime  et al., 2019). Administrative systems are the primary target of performance improvements. Both have the potential to be prospective or retrospective, but they’re all geared toward making things better. A drop in the number of hospital-acquired infections is an example of a quality improvement, but a decrease in lost charges is an example of a performance improvement.

Clinical outcomes, patient satisfaction, and operational expenses are some of the main focus areas for health systems when it comes to performance improvement. Long-term success of this high-value improvement technique is dependent on strategic implementation. On-off projects do not produce the expected results in performance improvement attempts. Organizations must develop and implement their initiatives within an ongoing performance infrastructure and program in order to achieve an effective and sustainable performance improvement (Eboreime et al., 2019). The common strategies include setting of goals, stating of the mission, identification of improvement opportunities, having common goals and interprofessional collaboration.

Some of the common technology used in healthcare are telehealth, electronic health records, remote communication equipment and diagnostic technology. More health care information systems are projected to be used in the near future. With the integration of information technology into healthcare, many concerns have been addressed, including less administration transcribing mistakes and mistakes resulting from incorrect use of medical data (Rutledge & Gustin, 2021).. However, medical diagnosis, business delivery, therapy, and transcribing are all increasingly reliant on information systems that are always developing Finance, Human Resources, Performance Improvement And Technology- The Business Of Healthcare Essay.

There are a lot of ways that health information technology can improve and alter healthcare, including lowering the rate of human errors, raising the quality of clinical results, easing the burden of care coordination, making practices more efficient, and monitoring data over time.

In conclusion, healthcare finance, healthcare human resource, performance improvement and healthcare technology play vital roles in improving health care system and enhancing patient outcomes.

nstructions
The topics for this unit are finance, human resources, performance improvement, and technology – the business of healthcare.

You have been asked to speak to a group of students in nursing and other healthcare professions. You are assigned to talk about the importance of finance, human resources, performance improvement, and technology in relation to healthcare organizations today.

Create a Voice-Over PowerPoint presentation. You have been given 15-20 minutes. Plan on 1 slide for every 1-2 minutes of speaking time (10-15 slides).
Include a title and reference slide (the number of slides above does not include title and reference slides)
Include an introduction and conclusion slide
Include appropriate citations on your slides
Utilize the notes function to outline your talking points and provide additional facts that you will use for your presentation.
Include a minimum of 4-5 scholarly references to support your presentation. References should be 5 years old or newer.
In general, PowerPoint presentations should have a limited number of bullet points on each slide to convey the main point of the slide. They should include images but they should be professional, the source cited and limited in number. It is usually helpful to start with the notes section for what you want to say instead of the slides. Once the notes section is completed, pull out your main points for the slides.

Submit your assignment by Sunday at midnight.

Rubric
NU530 Unit 3 Assignment – Presentation Rubric
NU530 Unit 3 Assignment – Presentation Rubric
Criteria Ratings Pts
This criterion is linked to a Learning OutcomeExplanation (issue/problem/topic)
NU530-CO1; NU530-CO2
12 pts
Level 5
The issue/problem/topic to be considered critically is evaluated clearly and described comprehensively, delivering all relevant information necessary for full understanding.
10 pts
Level 4
The issue/problem/topic to be considered critically is composed clearly and described comprehensively, delivering relevant information for full understanding.
8 pts
Level 3
The issue/problem/topic to be considered critically is examined, described, and clarified, so that understanding is not seriously impeded by omissions.
6 pts
Level 2
The issue/problem/topic to be considered critically is described but description leaves some terms undefined, ambiguities unexplored, boundaries undetermined, and/or backgrounds unknown.
3 pts
Level 1
The issue/problem/topic to be considered critically is related without clarification or description.
0 pts
Level 0
The issue/problem/topic is related but ill-defined and/or illogically organized so that understanding is seriously impeded.
12 pts
This criterion is linked to a Learning OutcomeEvidence (selecting and using information to investigate a point of view or conclusion)
NU530-CO1; NU530-CO2
12 pts
Level 5
Information is taken from source(s) with enough interpretation/evaluation to develop a comprehensive synthesis. Viewpoints of experts are questioned thoroughly Finance, Human Resources, Performance Improvement And Technology- The Business Of Healthcare Essay.
10 pts
Level 4
Information is taken from source(s) with adequate interpretation/evaluation to develop a coherent analysis. Viewpoints of experts are questioned.
8 pts
Level 3
Information is taken from source(s) with some interpretation/evaluation to develop a coherent interpretation of information. Viewpoints of experts are subject to questioning.
6 pts
Level 2
Information is taken from source(s) with some interpretation/evaluation, but not enough to develop a coherent explanation. Viewpoints of experts are accepted as mostly fact, with little questioning.

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3 pts
Level 1
Information is taken from source(s) without any interpretation/evaluation. Viewpoints of experts taken as fact without questioning.
0 pts
Level 0
Viewpoints and information from experts are not identified.
12 pts
This criterion is linked to a Learning OutcomeInfluence of context and assumptions
NU530-CO1; NU530-CO2; PRICE-R
12 pts
Level 5
Thoroughly (systematically and methodically) analyzes own and others’ assumptions and carefully evaluates the relevance of contexts when presenting a position.
10 pts
Level 4
Interprets own and others’ assumptions and evaluates the relevant context when presenting a position.
8 pts
Level 3
Identifies own and others’ assumptions and several relevant contexts when presenting a position.
6 pts
Level 2
Questions some assumptions. Identifies several relevant contexts when presenting a position. May be more aware of others’ assumptions than one’s own (or vice versa).
3 pts
Level 1
Demonstrates an emerging awareness of present assumptions (sometimes labels assertions as assumptions). Begins to identify some contexts when presenting a position.
0 pts
Level 0
Does not demonstrate awareness of assumptions and/or does not identify relevant contexts when presenting a position.
12 pts
This criterion is linked to a Learning OutcomeStudent’s position (perspective/thesis/hypothesis)
NU530-CO1; NU530-CO2; NU530-CO3; PRICE-P
12 pts
Level 5
Specific position (perspective, thesis/ hypothesis) is imaginative, taking into account the complexities of an issue. Limits of position (perspective, thesis/hypothesis) are acknowledged. Others’ points of view are synthesized within position (perspective, thesis/hypothesis).
10 pts
Level 4
Specific position (perspective, thesis/hypothesis) takes into account the complexities of an issue.
8 pts
Level 3
Specific position (perspective, thesis/hypothesis) differentiates the complexities of an issue. Others’ points of view are acknowledged within position (perspective, thesis/hypothesis).
6 pts
Level 2
Specific position (perspective, thesis/hypothesis) acknowledges differing views of an issue.
3 pts
Level 1
Specific position (perspective, thesis/hypothesis) is stated, but is simplistic and obvious.
0 pts
Level 0
No position (perspective, thesis/hypothesis) is stated.
12 pts
This criterion is linked to a Learning OutcomeConclusion and related outcomes
12 pts
Level 5
Conclusions and related outcomes (consequences and implications) are logical and reflect student’s informed evaluation and ability to place evidence and perspectives discussed in priority order.
10 pts
Level 4
Conclusions and related outcomes (consequences and implications) are logical and reflect student’s ability to place evidence and perspectives discussed in priority order.
8 pts
Level 3
Conclusion is logically tied to a range of information, including opposing viewpoints; related outcomes (consequences and implications) are identified clearly.
6 pts
Level 2
Conclusion is logically tied to information (because information is chosen to fit the desired conclusion); some related outcomes (consequences and implications) are identified clearly.
3 pts
Level 1
Conclusion is inconsistently tied to some of the information discussed; related outcomes (consequences and implications) are oversimplified.
0 pts
Level 0
Conclusion is not tied to the information discussed and/or is not relative to the outcomes.
12 pts
This criterion is linked to a Learning OutcomeWriting
NU530-CO1; PRICE-P
7.5 pts
Level 5
The presentation exhibits a superior command of written English language conventions. The presentation has no errors in mechanics, grammar, or spelling.
6 pts
Level 4
The presentation exhibits a strong command of written English language conventions. The presentation has no errors in mechanics, grammar, or spelling that impair the flow of communication.
4.5 pts
Level 3
The presentation exhibits command of written English language conventions. The presentation has minor errors in mechanics, grammar, or spelling that impact the flow of communication.
3 pts
Level 2
The presentation exhibits a limited command of written English language conventions. The presentation has frequent errors in mechanics, grammar, or spelling that impede the flow of communication.
1.5 pts
Level 1
The presentation exhibits little command of written English language conventions. The presentation has errors in mechanics, grammar, or spelling that cause the reader to stop and reread parts of the writing to discern meaning.
0 pts
Level 0
The presentation does not demonstrate a command of written English language conventions. The presentation has multiple errors in mechanics, grammar, or spelling that cause the reader difficulty discerning the meaning.
7.5 pts
This criterion is linked to a Learning OutcomeAPA
NU530-CO1; PRICE-I
7.5 pts
Level 5 Finance, Human Resources, Performance Improvement And Technology- The Business Of Healthcare Essay
The required APA elements are all included with correct formatting, including in-text citations and references.
6 pts
Level 4
The required APA elements are all included with minor formatting errors, including in-text citations and references.
4.5 pts
Level 3
The required APA elements are all included with multiple formatting errors, including in-text citations and references.
3 pts
Level 2
The required APA elements are not all included and/or there are major formatting errors, including in-text citations and references.
1.5 pts
Level 1
Several APA elements are missing. The errors in formatting demonstrate limited understanding of APA guidelines, in-text-citations, and references.
0 pts
Level 0
There is little to no evidence of APA formatting and/or there are no in-text citations and/or references.
7.5 pts
Total Points: 75

References

  • Chams, N., & García-Blandón, J. (2019). On the importance of sustainable human resource management for the adoption of sustainable development goals. Resources, Conservation and Recycling, 141, 109-122. https://doi.org/10.1016/j.resconrec.2018.10.006
  • Rutledge, C. M., & Gustin, T. (2021). Preparing nurses for roles in telehealth: Now is the time. The Online Journal of Issues in Nursing, 26(1).
  • Al-Salem, A. A. (2018). Renovation of financing healthcare services in Kingdom of Saudi Arabia, by implementing National health insurance (NHI). Eur J Pharm Med Res, 5(9), 439-448.
  • Eboreime, E. A., Idika, O., Omitiran, K., Eboreime, O., & Ibisomi, L. (2019). Primary healthcare planning, bottleneck analysis and performance improvement: An evaluation of processes and outcomes in a Nigerian context. Evaluation and program planning, 77, 101712Finance, Human Resources, Performance Improvement And Technology- The Business Of Healthcare Essay.