Put yourself in the role of a health care executive that is introducing the use of a balanced scorecard to middle management at the next management meeting for your institution. Find a short YouTube video to demonstrate key points about using a balanced scorecard that you believe would be valuable to present this concept at the management meeting.
1. In your first post, provide the YouTube video link. Provide a brief summary of the video. Address at least two benefits of using a balanced scorecard in health care institutions in your post. Explain why using the balanced scorecard is a strategic measure to help a health care institution be successful and stay competitive.
Put yourself in the role of a health care executive that is introducing the use of...
Current Health News Discussion Transparency can impact a health care institution. In every community and across the USA there can be a health news event that impacts a health care firm’s reputation or the health care industry in either a positive or negative manner. Health news events can impact leadership in preparing for change. Find an article about a current health news event from one of the following sites: CNN Health (view Top Health Stories) Fox News Health New York...
THE NEED FOR health information management (HIM) professionals in long-term and post-acute care (LT-ÉAC) settings has grown exponentially in the past decade. With the implementation of setting-specific reimbursement models and quality initiatives, the skill sets that HIM professionals bring to the table are invaluable to any healthcare organization. 'Ihey are a source of expertise in data analysis, documentation, privacy and security, quality, compliance, coding, and information systems. Organizations and HIM professionals from the various LTPAC settings have reached out to...
Title: Partners Health Care Systems (PHS): Transforming Health Care Services Delivery through Information Management According to government sources, U.S. expenditures on health care in 2009 reached nearly $2.4 trillion dollars ($2.7 trillion by the end of 2010).[1] Despite this vaunting national level of expenditure on medical treatment, death rates due to preventable errors in the delivery of health services rose to approximately 98,000 deaths in 2009.[2] To address the dual challenges of cost control and quality improvement, some have argued...
Part 2: Theory and Application of Marketing mix (4Ps of Marketing: Product, Price, Promotion and Place). 1. Student to selects one product with 2 of target customer groups. 2. Discuss how 4Ps of Marketing Mix can be applied in particular group chosen and how value can be created in each of the marketing mix. 3. Give your justification for two groups customers that you selected for that product. Note: Must only need to choose TWO target markets and ONE Product...
What are the advantages of the Health First database? What are some concerns about the reliability and predictive validity of the Health First data set? Case Study: Central Medical is a multispecialty group practice that has embraced the community-of-practice concept of an ACO. The practice formed an interdisciplinary innovation team to identify how to improve clinical outcomes, maintain a healthy population, increase efficiency, and coordinate care. It comprises 60 physicians and four clinics. Two of the clinics deliver primary care...
Sunset Health Systems is a national provider of healthcare. They have 62 wholly owned hospitals in 39 states. Within each state are ambulatory surgery centers (ASCs) that also support the hospital communities with outpatient surgical services. Finally, Sunset also owns a total of 120 physician clinics that support the patient flow into the Sunset hospitals and ASCs. Sunset revenues for 2017 were $439 million. The CFO, Robert Staley, reported to the CEO, Bill Rush that the organization had spent $225...
Improving supplier engagement The Challenge Bayer, with core competencies in areas of health care, agriculture, and high-tech polymer materials, has a significant influence on society and the environment in many regions around the world through its global procurement volume. In 2014, the company procured goods and services from 112,000 suppliers in 147 countries for approximately €20.3 billion. Procurement volume in Germany, the United States, and Japan accounted for nearly 66 percent of the expenditures in OECD countries and about 52...
Improving supplier engagement The Challenge Bayer, with core competencies in areas of health care, agriculture, and high-tech polymer materials, has a significant influence on society and the environment in many regions around the world through its global procurement volume. In 2014, the company procured goods and services from 112,000 suppliers in 147 countries for approximately €20.3 billion. Procurement volume in Germany, the United States, and Japan accounted for nearly 66 percent of the expenditures in OECD countries and about 52...
Entering and Contracting Contracting at Charity Medical Center Charity Medical Center (CMC), a five hundred-bed acute-care hospital, was part of the Jefferson Hospital Corporation (JHC). JHC, which operated several long-term and acute-care facilities and was sponsored by a large religious organization, had recently been formed and was trying to establish accounting and finance, materials management, and human resources systems to manage and coordinate the different facilities of particular concern to CMC, however, was a market share that had been declining...
True Coop Community Bank – A Balanced Scorecard Case True Coop Community Bank (TCCB) is located in the Midwest US and has a total of 10 branches grouped into two divisions, the southern division (SD) and the northern division (ND). Each division consists of five branches; each branch employs a branch president, branch vice-president/chief loan officer, customer service representatives, loan representatives, mortgage loan originators, head tellers, tellers, and administrative assistants. All branches are located within a 60-mile radius. TCCB has...