Describe why financial managers should be concerned with quality initiatives in the healthcare organization.
Describe why financial managers should be concerned with quality initiatives in the healthcare organization.
Homework Answers
Improved quality is related to improved profitability in a healthcare organization and that is the reason why financial managers should be concerned.
Some examples or quality initiatives are:
Maintaining an infrastructure of high level of quality while giving
most importance to patient safety.
Employing expert and excellent physicians who have very good track
records and maintaining highest standards of patient centered care
.
Using advanced technology in the healthcare organizations and
proving real time feed back.
These will provide a competitive advantage to any healthcare
organization which most of the times leads to increase in revenue
collection.
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Describe why financial managers should be concerned with
quality initiatives in the healthcare organization.
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