Classmate Jones’ response Potential Drawbacks

Classmate Jones’ response Potential Drawbacks

Order ID	53563633773
Type	Essay
Writer Level	Masters
Style	APA
Sources/References	4
Perfect Number of Pages to Order	5-10 Pages

Description/Paper Instructions

Classmate Jones’ response Potential Drawbacks

1 page AMA format-For your initial post, identify two potential drawbacks of implementing a new product or service strictly on the basis of financial viability. For instance: Cutting salaries, cutting jobs, shortening or otherwise limiting costly processes or procedures, etc. What potential issues would have to be addressed by a healthcare leader to move the plan forward?

Min 275 words AMA format -For your response to your classmate (below), please give them feedback. Ask questions, or connect them with resources, that push them to rethink their conclusions.

Classmate Jones’ response

Potential Drawbacks

Medical facilities must identify financial obstacles, and cut costs for many occurrences. Organizations may consider costs by looking at labor expenses, real estate and supply chain, in order to improve the performance of the hospital.2

One potential example of an improvement and a drawback for a hospital is the use of Electronic Health Records.1 Integrating information technology is seen as an incentive to hospitals.2 EHR’s have the potential to improve patient data with proper input of demographics, medical history, immunizations, consult reports, medications, and progress notes.1 Paper documentation is probably to be misplaced or penmanship may be difficult to read.1 EHR’s can improve health costs, provide quality care, and improve meaningful use. EHR’s can also improve research with evidence-based data.1 However, there are disadvantages as well, which include financial issues, privacy, and productivity.1 EHR’s have to be purchased and installed. In an outpatient facility, it was predicted that initial EHR technology would costs $50,000 to $70,000 per physician.1 Maintenance is also costly, as each staff member would be required to have ongoing training.1 The EHR may also take time to use, which decreases the productivity, essentially losing more money.1 Patient privacy is also a concern.1

One potential example of a hospital improvement is to identify what is being spent from the accounts payable and the general ledger.2 The accounts payable and general ledger provide data collection on the expenditures and what has been paid out.2 When facilities view data information, it can help to determine how the hospital is spending their funds, as well as how to spend their money wisely.2 Billions of dollars are spent on operations, and sometimes medical facilities may have to cut costs by integrating departments, or merging two different locations to form a new entity.3 Hospitals may even have to cut costs on shipping and supplies.3 If the CFO notices items shipped overnight may not be as cost effective, the hospital would be able to save up to $600,000 to $800,000 if the method is changed to next day.3

References

1. Menachemi N, Collum TH. Benefits and drawbacks of electronic health record systems. Risk Management and Healthcare Policy. 2011;4:47-55. doi:10.2147/RMHP.S12985.
2. Herman, Bob. How to Create Sustainable Hospital Financial Improvement:3 Steps. Becker Hospital CFO Report. Published December 12, 2012. Accessed September 30, 2017.
3. The American Health and information Management Association. Identifying Issues in Facility and Provider Mergers and Acquisitions. http://library.ahima.org/doc?oid=105209#.WdAXLEyZORt. Updated 2012. Accessed September 30, 2017.

RUBRIC QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points:  Student failed to submit the final paper. 20 points out of 50:  The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50:  The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately.  Elements of the required response may also be lacking. 40 points out of 50:  The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples.  The answer is complete. 50 points:  The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples.  No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points:  Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points:  Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points:  References to scholarly sources are occasionally given; many statements seem unsubstantiated.  Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points:  Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented.  APA 6th Edition is used with only a few minor errors.  There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points:  Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented.  APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points:  Student failed to submit the final paper. 5 points out of 20:  The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors  10 points out 20:  The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20:  The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points:  The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points:  Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements.  The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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