This also includes educating staff about the responsibilities of maintaining costs. What are the reports that can be used for financial planning in an organisation? Profit and Loss Balance sheet Revenue and Expenditure report Cash flow statement Debtors and Creditors reports What is the process for preparing budgets or other financial plans? 1. Identify data that needs to be collected.
The Joint Commission (2012) defines risk management in healthcare as “the clinical and administrative acts undertaken to identify and evaluate the risk of injury to staff, patients and visitors and the risk to loss of the organization itself”. Studies have shown that the litigation against nursing homes is on the rise; thus making risk management very important in day to day care. Malpractice insurance premiums for nursing homes are also on the rise; this contributes to bankruptcy and forces many facilities to operate without malpractice coverage (Weinburg M.D & Levine, 2008). This threatens quality of care and access to healthcare for ill elderly people that need round the clock care. Effective risk management in a nursing home requires one to accurately
The article explained that the nursing needs are even higher because of the shorter hospital stays. Since patients are being treated while acutely ill and then being discharged as quickly as possible, the nurse is taking care of sicker patients with a faster turn over than ever before. The article suggested passing legislation to provide nursing intensity billing (Welton, 2007). This type of billing would put an end to the “room and board” billing that includes everything from electricity and personal care items to nursing under one charge. I honestly can’t believe that nurses are lumped into the same charge as shampoo.
The healthier they made their patients the bigger the bonus they would get. If hospital stays weren’t as expensive, doctors could be on call 24/7 for peoples’ needs as in doctors on wheels, and another idea making medicinal needs cheaper. 5. Compare and contrast for profit systems and not for profit systems. What are the pluses and minuses of each?
Not only will nurses feel better, but better patient outcomes occur when units are better staffed. Even though budgets limit the amount of nurses by patient census, money may actually be saved by staffing more qualified nurses. Overview of topic Nurse staffing is a topic of much debate over nurse to patient ratios, nurse satisfaction, and promoting the best patient outcomes. Hospitals are constantly trying to staff their units while staying to their allowed budget. This often means that a greater nurse to patient ratio occurs in order for the unit to see a more immediate financial savings.
The major reason for EBP becoming so widely used is because there is a big deficiency in research-based information to back up clinical decision making (Legg, 2008, p.469). Increasing healthcare cost, treatments, and care due to population aging can be another reason for the boom in EBP (Xiaoshi, 2008, p.6-12). If procedures are done just because that’s the way they have always been done and not because of the research that backs it up, a big problem can occur. Ineffective care is very costly for both patients and health departments, due to patients having to stay in the hospital longer, more procedures being done, and more tests being performed. Health departments have been encouraging the development of EBP so the most effective health care is being used and so the best benefits come out of it (Xiaoshi, 2008, p.6-12).
Upon growing older there many choices to be made and one of the most difficult is having to place the elder person in a nursing home when he/she is no longer capable of being independent. In the White American culture, nursing homes seems to be the popular choice to place their loved ones. This paper will discuss the demographics of the elderly with Alzheimer's disease and how the White American culture in America responds to the elderly with this disorder in the nursing facility, the writer’s personal awareness and attitudes prior to discovering information about the population and reflection after research was done about the population. Demographics of Elderly with Alzheimer’s disease It is not a normal part of the aging process when an elderly suffers from dementia; this is however, caused by an underlying condition. Dementia is severe loss of social and intellectual ability that interferes with their activities of daily living.
Shouldice Hospital Limited: Executive Summary Company Overview: Shouldice Hospital is a hernia operations specialized facility founded by Dr. Shouldice with the purpose of meeting the needs of patients suffering from hernias because their surgeries as well as recovery time is different from other surgeries. Problem: The hospital has a backlog of 2,400 growing by 100 every six months; the demand for the Shouldice Method surgery exceeds the hospital capacity. They are considering if they should expand and if they do, which way to do it in order not to jeopardize their competitive advantage, doctor-patient relationship. Current Process: Patients arrive to the clinic the day before the operation at around 1:00pm – 3:00pm. They join other patients in the waiting room and afterwards go into one of the six examination rooms by surgeons who have completed their operation schedules for the day.
Title: Reducing the numbers of medication errors by the nurses in health care system. Administration of medication is a key element of nursing care. Medications are an amazing discovery. They promote healing, reduce suffering and contribute to modern medical miracles. However, because thousands of new drugs have been developed recently, because the health care environment is increasingly complex, and because the patients are older and often sicker, there is increasing risk for medication errors in hospitals.
Seymour Politz, Chairman of the Finance Committee at Glen River Hospital, has been charged with planning for a much needed hospital expansion. There are several options on the table, and Politz presented his thoughts to Dr. Bernauer, Hospital Administrator. The first option is to simply add at least 30 additional beds by raising money through a fundraising campaign. The second option is to reorganize, using the existing clinical beds for major illnesses only and expanding by adding only simpler, less expensive, rooms. This option would struggle to get doctor’s buy-in because they could feel their work and their less critical patients wouldn’t be valued as in the past.