...Care Management Model Based on My Philosophy Care Management A shift from encounter based care to continuums of care is one of the biggest changes occurring in health care today. This change is driven by governmental legislation, payer incentives, and the recognized need by providers and healthcare systems. The lack of coordinated care results in medical errors, unnecessary procedures, and other forms of waste. This also creates higher costs for the patient, lower quality, and produces an unsatisfactory patient experience. A study performed by the Midwest Business Group on Health in collaboration with the Juran Institute revealed that 30% of all health care expenses result from poor quality care. In 2009, total health expenditures in the U.S. were $2.5 trillion. This means that $750 billion was the result of poor quality (Ralston & Park, 2011). Care Management Model Based on My Philosophy Case management and clinical pathways are strategies used to manage patient care. Although they use different approaches, both are related. The primary function of a case management program is to enhance the coordination of needed resources for patients and their families. Case managers facilitate access to services, both clinical and non-clinical, by connecting the individuals to resources that support him/her in playing an active role in the self-direction of his/her health care needs. Clinical pathways, on the other hand, are tools and systems. The tool reflects only part of the case...
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...Raimi Abiodun, Professor ABSTRACT Healthcare leaders and medical experts have renounced their concerns about challenges ahead for healthcare and its leaders. The paper is meant to summarize, and explore the article and on Ronald G. Spaeth’s philosophies on healthcare, and examine Spaeth’s authority on business and healthcare through his education and works. He states that in recent years, healthcare institutions are now running more like businesses and that new healthcare leaders should already have a strong background in business. His methods of leadership will point out the limitations of healthcare institutions and suggest ideas for solutions that combine administrators and physicians working together on this problem. Ronald G. Spaeth has served on several boards and serves a president and chief executive officer of Highland Park Hospital (Highland Park, Illinois) merged with Evanston Northwestern Healthcare (Evanston, Illinois). Mr. Spaeth is a fellow of the American College of Healthcare Executives. He earned his bachelor of arts degree from Western Reserve University in Ohio and his master’s in business administration degree from the University of Chicago in Illinois. He was also the recipient of the American College of Healthcare Executive’s 2005 Gold Medal Award, an honour conferred on outstanding healthcare leaders for their contributions to the field (Spaeth’s Argument para.1) Spaeth’s strategies as a leader for healthcare were having respect and admiration for...
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...Cash Management Abstract The following paper will define cash management and discuss why it is especially critical in the healthcare industry. It is said that cash is the livelihood of any business operation. Any business that has control of the access to cash and generation of cash is most likely to endure and prosper. “Cash management is probably more important in the healthcare industry than in many other industries” (Cleverley, Song & Cleverley). Cash management is defined as” processes and techniques focused on the acceleration of receivables and the cash conversion cycle. Reduction of the cash conversion cycle, along with the related investment of surplus funds, should be a critical objective of financial managers” (Cleverley, Song & Cleverley). Good cash management is the key to a successful business. Cash management is especially crucial in the health care industry for several reasons. Large sums of investment eligible funds pertain to hospitals and other healthcare firms. Hospitals and other healthcare firms experience larger investment management needs than other industries for the following reasons: * Many healthcare firms are voluntary, not-for-profit firms and must set aside funds for replacement of plants and equipment. * Healthcare firms are increasingly beginning to self-insure all or a portion of their professional liability risk. * Many healthcare firms receive gifts and endowments. Although these sums may not be large for individual...
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...technology, medical imaging, business and consumer financing, media content and industrial products. The company operates through eight segments: Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Appliances & Lighting and GE Capital. The Power & Water segment serves power generation, industrial, government and other customers worldwide with products and services related to energy production. The Oil & Gas segment supplies mission critical equipment for the global oil and gas industry, used in applications spanning the entire value chain from drilling and completion through production, liquefied natural gas and pipeline compression, pipeline inspection, and downstream processing in refineries and petrochemical plants. The Energy Management segment designs technology solutions for the delivery, management, conversion and optimization of electrical power for customers across multiple energy-intensive industries. The Aviation segment products and services include jet engines, aerospace systems and equipment, replacement parts and repair and maintenance services for all categories of commercial aircraft; for a wide variety of military aircraft, including fighters, bombers, tankers and helicopters; for marine applications; and for executive and regional aircraft. The Healthcare segment products include diagnostic imaging systems such as magnetic resonance, computed tomography and positron emission Tomography scanners, X-ray, nuclear imaging, digital mammography...
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...companies are required to justify rate increases of ten percent or more to make sure that the increase is not unreasonable for individuals and small businesses. States should have a Rate Review program established, if not then the Federal Government will perform the rate reviews for that state. This will affect the state because small business will not have to cut back on employees due to increases in health care premiums which in turn could possibly reduce unemployment, Medicare/Medicaid and food stamps benefits at the state level. Equity of Resource Allocations in U.S. Healthcare Under the Affordable Healthcare Act, all Americans will have access to affordable and quality healthcare. This bill should reduce the number of uninsured people by thirty million. The Congressional Budget Office (CBO) predicts a 200 billion dollar reduction in the federal deficit over the next ten years and a decrease in healthcare spending by the government. This act will provide tax cuts and subsidies to employers to help increase the number of insured employees. Insurance companies must provide insurance to all regardless of race, pre-existing conditions (excluding tobacco usage) or gender. Americans will no longer be denied insurance because of prior medical history. Low income families will receive Medicaid or subsidies based on their income in reference to the federal poverty level. For the elderly population, Medicare will...
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...Solutions Asset based lending solutions from Siemens can help your business obtain a flexible source of working capital. If your business has high financial leverage, but marginal cash flows, this type of loan can help generate liquidity. As an alternative to traditional financing, asset based loans monetize the assets on your company’s balance sheet. They are typically revolving lines of credit secured by a company’s accounts receivable, inventory, and certain fixed assets. Asset based loans are a specialized product that can provide funds that allow your company to focus on its strategic goals, such as acquisitions, restructuring and turnaround situations, and business growth. At Siemens Financial Services, we serve customers across all markets, from healthcare providers to equipment manufacturers, with an expertise in the Energy, Industrial, Infrastructure & Cities, and Healthcare sectors. Typical terms range from $25 million to $500 million. Our team is staffed with experienced professionals who are available help you to determine how asset-based loans can help you run your business more smoothly and efficiently. Contact us today to learn more about how asset-based lending solutions from Siemens can help you meet your business needs. Our asset based loan products: Revolving Lines of Credit Siemens Financial Services offers lines of credit to free up working capital for your business. The credit that we extend to you is usually tied to the accounts receivable...
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...newly insured Americans are discussed. The act also provides for professional training and development of advanced practice nurses to meet the demands of increased care and increased patient load. Keywords: healthcare reform, nursing education, nursing roles Significance Of Nursing In The Implementation Of Health Care Reform Healthcare reform has captured our time and attention during the past few months, it has been a long and heated discussion. As the healthcare and its underlying payment system evolve in the face of the new Patient Protection and Affordable Care Act; healthcare for all, a long time dream of many nurses, will be realized. This act requires all Americans to be covered by health insurance by 2014. Goals of the act are to not only enhance access to affordable care but also focus on wellness and prevention, bring care back to being patient centered, emphasize chronic illness management, assist patients in making informed choices and improving coordination of care. It also emphasizes distributing highly educated nurses closer to medically underserved populations and lays the ground work to help lessen the shortage of nurses, nurse practitioners and nursing faculty (Carlson, 2010). Every healthcare...
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...Business Administration with a concentration in Health Care by February 2014. This decision took me four years due to several pros and cons I weighed, uncertainty of what degree to pursue and my current career. There are several advantages and disadvantages that I weighed during my journey to decide on pursuing an advance degree. With completing my undergraduate program not only did I get a degree in Business Administration I also incurred a hefty amount of debt, $40,000 worth. According to an online article in 2011 the average cost for graduate school was $10,000 per year at a state college (Jo, 2011). These individuals often have to pay off their loans for between 10 to 25 years, depending on the amount they owe. People do not have many options for getting out of debt when they cannot pay their student loans, as private and federal loans are not subject to bankruptcy (Latzko, 2011). Along with this adding on to the debt this can also be time consuming. Another hindrance is that I do not have any experience in the health care field. If I do attain a Master’s degree it does not guarantee a career in my field of choice. While certain careers definitely require an advanced degree -- doctors and lawyers, for example -- many other careers offer plenty of job opportunities for job-seekers with just an undergraduate degree. In fact, in some...
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...services that includes automation services, analytics and transaction intensive processing. Segments include Public Sector, Healthcare and Commercial Industries. Its portfolio includes multi-industry service offerings in a range of markets, such as customer care, payments services, transportation and healthcare. The Public Sector segment provides government-centered business process services and subject matter experts to the U.S. federal, state, local, and foreign governments. It is organized into two primary businesses: (1) Federal, State & Local Government and (2) Transportation. The Company provides revenue generating transportation services to government clients throughout...
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...Factor Healthcare Reform (Obama care) is a huge issue right now. The year I graduate will mark the beginning of a new Presidential Term. Public Health Policies affect more people now than decades before. Economic While there are positive changes in the economy, job creation is still weak. It can be difficult to secure a position with little to no experience. Student Loan debt and interest rates are soaring. Healthcare is becoming more about business, less about patient care. SocioCultural People are more health conscious than ever before. Baby Boomers are nearing retirement age; creating a greater need for healthcare workers. Life expectancy has drastically increased. Opportunity Due to Healthcare Reform there are overwhelming and unique opportunities for workers with experience in the field. Even with limited knowledge many are able to gain entry-level positions within Healthcare Management due to the influx and changes in care. Despite slow job creation, healthcare has remained steady. HR and “benefits” are now two separate entities at most corporations. Businesses are restructuring and hiring Benefit Analyst, Wellness Instructors etc., in an effort to educate employees about healthcare options and expenses. There is a strong influence towards “clean eating” and maintaining general health. This revolution has created diverse opportunities in healthcare. Healthcare Managers are now appearing at fitness clubs, high schools and even medical spas. Threat Healthcare Reform...
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...Cash Management Services HCA/270 8/7/2011 Cash Management Services There are many different options available when choosing a bank that does offer cash management solutions to fit into one’s individual needs. The cash management tools that are offered by a number of different banks can be a beneficial aspect to any businesses or someone’s personal gain. In today’s report, I will be reviewing three banks and examine in accordance to the bank’s. The three banks that I have chosen to review would be US Bank, Home Federal, and Wells Fargo. These banks are going to be compared by identifying the disadvantages and the advantages that are associated with each of the banks, the cash management options available by each of the banks, and how the options can best reduce the opportunity costs for the healthcare organization. US Bank. When reviewing the websites offered for US Bank, I discovered that this bank offers a number of different services to help the people in need of cash management options. This banks website contains accessible material to help one do research and acquire rates that are pertaining to auto and home loans, CD’s, personal lines of credit, internet pay, online banking, retirement planning, and investing (U.S. Bancorp, 2011). The website that is available offered a number of different seeking to open a savings or checking account within this bank including discounts and rewards on certain checking account package and a percentage of the...
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...1.**Pro Forma in excel attachment. MMHS is a successful home health service company which has expanded constantly over the intervening 20 years, with further patient growth forecasted in 2012. The home healthcare business is seasonal with 66% of the entire annual sales occurring in the late Fall and Winter months. The evolving expansion of the agency and seasonality of the business makes cash management challenging for Ms. Ringer and has landed her in the predicament of requiring a loan to pay salaries. Aligning operating expenses to revenue, improving management of operating costs and decreasing the amount of cash in accounts receivable will improve her immediate cash flow crisis. For details see prior question. 2. To have access to the equity line of credit, the bank required the agency to maintain a cash balance of $20,000 at all times and the liquidation of the loan in its entirety for at least 1 month/year. The cash flow worksheet for the operations of MHHS reveal that the agency meets the requirements set forth by the bank. July is the loan free month due to Ms. Ringer liquidating the loan in June. This is as a result of decreased labor costs in the summer months because of staff vacations and part time salaries that are not paid. Her cash inflows exceed her expenses from January to June, which correlates with peak patient volumes. It appears she requires the line of credit to cover staff salaries and overhead during her quieter summer months. In addition the...
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...nearly double of the employees. Changing the Skill mix was also recommended by hiring unlicensed personnel such as nursing assistants and patient care technicians. Training time for unlicensed personnel is much less than licensed personnel. In addition unlicensed personnel such as nursing assistants will be able to assist nurses with easy tasks such as feeding, changing, bathing, and moving patients. This will enable the RN to utilize his or her time more effectively for direct patient care. Which cost cutting loan option was chosen? Explain why. Loan option two was initially chosen to repay the loan. This option was chosen because of the low interest rate at 9.0%, which would allow Elijah Heart Center (EHC) to have more funds initially. The only set back is the loan had a prepayment limitation of six months which would allow interest to accrue and add to the principle loan amount. After further investigation, it became clear that loan option one was the better choice because the funds could be paid sooner therefore accruing less interest. Which strategies for equipment acquisition were chosen? Explain why. The strategies chosen for equipment acquisitions were to lease both the Ultrasound System and the High-Speed CT Scanner. Both would have a lower upfront payment and lower monthly payments. With technology changing within five to ten years the option for leasing would allow to upgrade the equipment at the end of the lease, therefore allowing...
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...Health Administration or healthcare administration is the field relating to leadership, management, and administration of hospitals networks, healthcare systems, and public health systems. There are two types of administrators, generalist and specialist. Generalists are individuals who are responsible for managing or helping to manage an entire facility. Specialists are individuals who are responsible for the efficient operations of a specific department such as policy analysis, finance, accounting, budgeting, human resources and marketing (www.mshealthcareers.com). Students beginning a career in health administration must possess an array of professional and management skills in addition to a strong knowledge and fundamental understanding of the field. Prime example proficient computers skills are an essential management tool for health care administrators such as: word processing, graphics and presentations, using operating systems, creating databases, spreadsheet analysis, using imported data, e-mail, and downloading information are among highest ranked for computer skills. The experience for this career requires you to know and become familiar with the healthcare discipline, to get as much internship as you can. Applying for internships for this field will make you invaluable to develop your career, ask for experience; with this you can contact healthcare organizations who are always looking for ways to groom and prepare the next generation of healthcare professionals (www.mhadegree...
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...Grande, Week 2 Learning Outcome: Justify an indirect cost allocation scheme for outpatient services for a healthcare organization. | Score | | Below Expectations0 – 15 | Approaches Expectations16 - 17 | Meets Expectations18 - 20 | | 1. Justification of additional space for Outpatient Clinic | Justification of additional space for Outpatient Clinic is insufficient. | Justification of additional space for Outpatient Clinic is sufficient. | Justification of additional space for Outpatient Clinic is comprehensive. | | | Below Expectations0 – 11 | Approaches Expectations12 - 13 | Meets Expectations14 - 15 | | 2. Discussion of advantages and disadvantages of new methodology and justification | Discussion of advantages and disadvantages of new methodology and justification is insufficient. | Discussion of advantages and disadvantages of new methodology and justification is sufficient. | Discussion of advantages and disadvantages of new methodology and justification is comprehensive. | | | Below Expectations0 – 11 | Approaches Expectations12 - 13 | Meets Expectations14 - 15 | | 3. Facility allocation after loan and justification | Discussion of facility allocation after loan and justification are insufficient. | Discussion of facility allocation after loan and justification are sufficient. | Discussion of facility allocation after loan and justification are comprehensive. | | | Below Expectations0 – 11 | Approaches Expectations12 - 13 | Meets...
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