Discuss the following:
QUESTION 1
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?
Question 2
The resources needed to support operations and implement strategic initiatives can far surpass those available. What is the role of the board in establishing organizational priorities? How do you know which winning ideas are worth pursuing now? How can an organization tackle ambitious plans while ensuring that operations stay on track?