Financial Trends

Mr. Magone and the senior leadership of Healin" rel="nofollow">ing Hands Hospital understand the importance of evaluatin" rel="nofollow">ing operational performance in" rel="nofollow">in the healthcare in" rel="nofollow">industry and its impact not only on patient satisfaction but also main" rel="nofollow">intain" rel="nofollow">inin" rel="nofollow">ing sound fin" rel="nofollow">inancial management. This is in" rel="nofollow">increasin" rel="nofollow">ingly important in" rel="nofollow">in the era of value-based care in" rel="nofollow">includin" rel="nofollow">ing Medicare's Quality Payment Program. Both qualitative and quantitative analysis of data related to patient care is needed. This data in" rel="nofollow">includes average length of stay, readmission rates, mortality rates and compliance with standard of care guidelin" rel="nofollow">ines. NrAnIn addition, Healin" rel="nofollow">ing Hands Hospital is preparin" rel="nofollow">ing fin" rel="nofollow">inancially for the many different reimbursement changes associated with Medicare Advantage Plans and the need to demonstrate improved quality of care delivered to the hospital's patients. As part of the Task Force you have been asked to research and analyze data regardin" rel="nofollow">ing 1) length of stay and 2) hospital acquired in" rel="nofollow">infections and the impact of both metrics on the hospital budget and reimbursement. As reimbursement payments become in" rel="nofollow">increasin" rel="nofollow">ingly lin" rel="nofollow">inked to quality of care, it is important for Healin" rel="nofollow">ing Hands Hospital to contin" rel="nofollow">inue to improve in" rel="nofollow">in these areas. You have been asked to help the Chief Fin" rel="nofollow">inancial Officer and Chief Nursin" rel="nofollow">ing Officer evaluate these aspects of patient care as part of your report to Mr. Magone and the Task Force. Submit a 7-10 page paper in" rel="nofollow">incorporatin" rel="nofollow">ing you Project topics in" rel="nofollow">includin" rel="nofollow">ing the analysis of how Healin" rel="nofollow">ing Hands Hospital compares to other hospitals in" rel="nofollow">in the nation, state and region in" rel="nofollow">in: Average length of stayin" rel="nofollow">ing in" rel="nofollow">in Hospital acquired in" rel="nofollow">infection rate. Describe how these statistics impact the organization's budget and reimbursement opportunities in" rel="nofollow">in the future.