Finance and Reimbursement Has Been Case Study

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(McLaughlin, 2006, pp. 600 -- 610)

Greater amounts of coordination, is when you are working on: improving relations with the community and outside donors. This will allow the hospital to be able to have increased access to additional sources of funding (i.e. foundations and wealthy individuals). They could help to: refocus the kinds of treatment options that are delivered at the facility and the culture inside the organization itself. Once this occurs, it means that the overall quality of care that patients are receiving will increase dramatically. If these different resources can be used as a part of the financing and reimbursement strategy; this will help to address the long-term challenges facing the facility. (McLaughlin, 2006, pp. 600 -- 610)

How will the effectiveness (success) of your plan be measured?

The effectiveness of our plan will be measured using two different types of tools to include: surveys and outside consultants. The use of surveys will be provided to staff members and patients. The basic idea is to see what areas they think could be improved upon, when it comes to reducing costs and increasing the quality of care. ("Patient Satisfaction Surveys," 2011)

While consultants, could be used to monitor various factors that are affecting the costs and profit margins of the hospital. They could then, make specific recommendations about how these issues can be effectively addressed in the future.

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If these two tools can be utilized, it will help to ensure that California Hospital Medical Center is able to adjust and effectively monitor these changes in real time. We can then corroborate these findings, with the improvements in the bottom line results. This will make the hospital more responsive to the challenges it is facing by: having different tools that will analyze these problems and creating strategies for deal with them. Once this occurs, the facility will be able to adjust to the changes that are taking place inside the industry and from customer demand.

Clearly, the biggest financial challenges that California Hospital Medical Center is dealing with includes: there are limited sources of income and there is lack of outside financial support for the facility. This is problematic, because these two factors will cause the underlying costs to increase and profit margins to decline. To prevent this from happening, various resources will be utilized to address these issues to include: improvements in technology, effective leadership at the departmental / team level and greater amounts of coordination. We will then have effective monitoring procedures in place through the use of: surveys and outside consultants. These different elements are important, because they are showing the resources that are required and how effective monitoring (as a part of the strategy) can address these issues......

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