The effect of higher levels of medical spending, profitability, and fiscal margins on process quality for health care organizations

The effect of higher levels of medical spending, profitability, and fiscal margins on process quality for health care organizations
The effect of higher levels of medical spending, profitability, and fiscal margins on process quality for health care organizations
Describe the effect of higher levels of medical spending, profitability, and fiscal margins on process quality for health care organizations. Indicate the role of financial stability in health care organizations on their ability to adequately resource the staffing, equipment, and infrastructure that support care delivery. Specifically, what is the effect of financial flexibility in increased use of preventative and wellness measures and lower length of stay?
Details:
For this assignment, you are required to interview a senior executive of a health care organization. You must ask the following questions and also come up with two additional questions of your own in preparation for the Operations Analysis Diagram assignment:
1) What type of health care organization are you affiliated with? What is your position within the health care organization? Describe your role and scope of responsibilities.
2) Describe the relationship between your health care organization’s vision, mission, goals, and strategic
The effect of higher levels of medical spending, profitability, and fiscal margins on process quality for health care organizations
plan.
3) Tell me about a time your organization’s operational performance affected, either positively or negatively, its ability to deliver services and achieve performance goals.
4) Describe the process you take to deliver a particular type of service offered by your health care organization.
5) Describe one aspect of your business operations. Submit a short reflection, 200-250 words, of your interview experience along with your interview questions and responses.
Your reflection should include the following:
1) Your reaction to the interviewee’s response to each question. Were you surprised? Did you agree or disagree and why?
2) Additional questions you have or information you would like to have had based upon the interviewee’s response.
Prepare this assignment according to the APA guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
Post your interview questions, including the two additional you developed, responses, and reflection to your instructor for this module and to the discussion forum under the appropriate thread in Module 4. the effect of higher levels of medical spending, profitability, and fiscal margins on process quality for health care organizations
HCA 610 Week 3 Discussion 2 Latest-GCU
Discuss Pettigrew’s theory on the contextual dependency of strategic change. Explain the concept of the disciplining context and why medical professionals accepted and used it. Also, explain why the internal market system, which was implemented to solve financial problems, was abandoned.the effect of higher levels of medical spending, profitability, and fiscal margins on process quality for health care organizations.
Similarly, quality and safety measures included in previous studies have been limited based on 1) use of distal outcomes such as mortality; 2) including only specific patient populations such as Medicare patients; and 3), including only select conditions, most commonly heart attack (AMI), congestive heart failure (CHF), and pneumonia (PN).[, , , , , ] These three conditions (AMI, CHF, PN) are among the most common causes of hospitalizations for the US population overall, particularly the elderly. There is scientific evidence supporting associations between mortality and readmission for these conditions with specific clinical care processes, leading to use of these indicators to measure provision of consistent quality of care for these conditions.[] These mortality and readmission indicators have been used as proxies for hospital quality in many prior research articles.[, , –]
Several quality and safety indicators are now publicly reported, including CMS Hospital Compare VBP Total Performance Score (VBP-TPS) and a Five-Star hospital rating system (). These measures, however, were designed for the specific purpose of payment reform and may not be ideal for research purposes. The VBP-TPS includes cost efficiency and year-by-year quality improvement, which may introduce confounding by past financial performance. Cefalu et al. recently reported use of principal component analysis across 25 hospital quality measures, concluding that four factors representing patient experience of care, select process of care measures, and inpatient mortality demonstrated the multidimensionality of hospital quality. []
Is a hospital’s financial situation related to the quality and safety of the service it provides?
While this seemingly simple and easy question has gotten a lot of attention, it’s proven surprisingly tough to answer.
Hospitals can accomplish more with less, according to efforts to decrease the excessive costs of health care in the United States.
Hospitals are under a lot of pressure to save expenses while maintaining high quality [1, 2].
Only if initiatives to financially reward quality, like as public reporting and value-based payment (VBP), are intended to account for the delicate relationship between quality and facility financial stability, will they succeed in improving population health for all.
Otherwise, these schemes risk repeating the American health-care system’s “rich get richer” history, which will continue to penalize safety-net institutions and their underserved populations[3].
Prior research reveals that if a hospital’s financial situation deteriorates, several areas of patient care may be jeopardized [4–11].
Direct studies exploring the relationship between financial position and the quality and safety of patient care, on the other hand, have produced mixed results.
The lack of clear connections could be attributed to the weak predictive validity of financial and quality measurements.
Many financial distress models focused on specific indications of stress, such as bankruptcy and closure data, which are easy to obtain but may not represent the full spectrum of financial health [12].
Other studies focused on only a few aspects of hospital financial performance (e.g., operating margin), which do not account for the whole range of revenue that could be utilized to improve quality [13].
In terms of quality, studies have primarily focused on specific outcomes, such as mortality or hospital readmission due to illnesses including pneumonia, heart failure, or myocardial infarction [14–17].
The Centers for Medicare and Medicaid Services (CMS) expanded public reporting as part of VBP, expanding the pool of metrics accessible for quality review.
(14, 18)
While most previous studies have taken a limited approach to identifying the abstract measurements that indicate hospital financial health and quality of treatment, this research takes a comprehensive look at financial features as well as patient quality and safety indicators.
We believe that accurate monitoring of these financial, quality, and safety indicators will increase the chances of observing the link between poor financial health and poor hospital quality of care and patient safety.
We wanted to see if a composite financial indicator created from machine learning technology (principle component analysis) might beat previously established financial indicators in analyzing the relationship between patient care quality and safety.
We give a conceptual framework and the contribution of our analysis in the next part, which is followed by a summary of numerous research that have assessed concerns related to the ones we are looking at.
The description of study methodologies and metrics is then followed by a presentation of the findings and policy implications.
Various financial indicators measuring profitability, liquidity, and solvency are significant markers of financial health when considering the financial health of hospital facilities; however, discerning financial health is complicated among hospitals, and it is difficult to rank the numerous indicators by importance or predictive power.
Furthermore, individual indicators may not often capture all aspects of a hospital’s financial health, and their value is uncertain because different studies name different metrics as the most effective predictors of imminent financial troubles.
[19, 42–44] [19, 42–44] [19, 42–44]
The use of financial data that focused exclusively on specific populations (e.g., Medicare patients), the outsized influence of institutions at the extremes of financial performance, and the use of gross metrics such as operating margin and total margin are all limitations of previous studies.
[45–50]
Several studies have demonstrated that poor hospital financial health may contribute to higher unfavorable outcomes for some publicly reported outcomes but not others, using these limited techniques.
The ambiguous results are difficult to understand because hospital margins can be deceptive indications of financial health, and negative margin or net loss aren’t the only markers of financial difficulty.
For example, despite positive margins, some hospitals may not have enough liquid assets to meet all current and future quality improvement responsibilities.
Nonoperating transfers, income from grants, debt forgiveness, and other omissions from standard accounting reporting may cause revenues to be understated.
[51]
As a result, it’s critical to analyze a variety of financial factors, such as liquidity, financial leverage, and physical facilities.
At state and federal agencies, more comprehensive financial data that better portrays a hospital’s financial health is publicly published and available.
This study demonstrates the importance of looking beyond the previously used narrow metrics of hospital financial health.

Struggling to find relevant content or pressed for time? – Don’t worry, we have a team of professionals to help you on
The effect of higher levels of medical spending, profitability, and fiscal margins on process quality for health care organizations
Get a 15% Discount on this Paper
Order Now
Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
s
Get personalized services with MyCoursebay
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.
Nursing
Great work! Thank you so much.
Customer 452707, July 15th, 2022
Nurse
Great work! Thank you for the quality you put in each assignment.
Customer 452707, February 4th, 2022
Criminal Justice
Excellent Work!!!
Customer 452587, March 10th, 2022
Technology
I can work with it and massage it to what I need. Thank You
Customer 452827, July 19th, 2022
Human Resources Management (HRM)
Thanks for your assistance and promptness.
Customer 452701, November 1st, 2022
Nursing
Thank you for a great paper!!
Customer 452707, November 28th, 2022
Ethics
thank you
Customer 452493, March 15th, 2021
Nursing
Thank you!
Customer 452707, April 3rd, 2022
Professions and Applied Sciences
Amazing work!
Customer 452707, May 29th, 2022
Business and administrative studies
Thank you very much for your help.
Customer 452861, September 16th, 2022
Education
Thank you so much
Customer 452631, October 5th, 2021
Human Resources Management (HRM)
Thank you very much.
Customer 452701, September 10th, 2023
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Good News ! We now help with PROCTORED EXAM. Chat with a support agent for more information

NEW

Thank you for choosing MyCoursebay. Your presence is a motivation to us. All papers are written from scratch. Plagiarism is not tolerated. Order now for a 15% discount

Order Now