I have attached the chapter for this. The book is: Knickman, J. R., & Elbel, B XXXXXXXXXXJonas &...

Question

I have attached the chapter for this. The book is:

Knickman, J. R., & Elbel, B XXXXXXXXXXJonas & Kovner's health care in the United States (12th ed.). Springer Publishing Company.

Healthcare Organization

HCM-520 class

Case Study 3

For this assignment, read the case study on page 305 in your textbook, and then write a 2-3 page paper in APA format (with a proper cover page, well-organized paper with source citations, and an APA reference list—which do not count towards the page count requirement) answering all five questions.

CASE EXERCISE—MONITORING OF VALUE

You are a senior manager at a major health care provider in a competitive environment. The CEO of the medical center informs you that the board of directors has asked that monthly reporting not be limited to financial projections and budget-to-actual reports. Rather, the board is becoming concerned with evaluating the medical center's performance on value. The board still has a fiduciary responsibility to ensure the financial health of the organization, but members are increasingly concerned with value provided and not just cost. The CEO asks you to advise her on what she should propose to the board for such monitoring of value.

As you draft your recommendations, consider the following questions:

1. Why might the board of directors want to monitor value?

2. What indicators would you recommend to the CEO?

3. How would you gather data and evidence that might suggest increasing value for cost?

4. How would you measure success in these value-for-cost efforts?

Need atleast 5 citations

Your responses must be supplemented with research from the text, CDC, NIH, and other quality sources to determine answers and solutions.

chapter-11-urke52go.oxps

Ayan · Accepted Answer

WRITTEN ASSIGNMENT		2
WRITTEN ASSIGNMENT
Table of contents
Why might the board of directors want to monitor value?	3
What indicators would you recommend to the CEO?	3
How would you gather data and evidence that might suggest increasing value for cost?	4
How would you measure success in these value-for-cost efforts?	5
References	6
Why might the board of directors want to monitor value?
	The board of directors is responsible for overseeing the operations of the healthcare provider and ensuring its financial health. However, they are increasingly concerned with the quality of care provided by the medical center, and not just its cost. This is because healthcare is a complex and highly regulated industry, and failure to provide high-quality care can lead to reputational damage, legal liabilities, and financial losses. Monitoring value can help the board ensure that the organization is delivering high-quality care that meets the needs of patients, while also using its resources efficiently and effectively.
What indicators would you recommend to the CEO?
	To measure value in healthcare, several indicators can be recommended to the CEO. These indicators should be aligned with the organization's goals and objectives, and should provide meaningful insights into the quality of care and resource utilization. Some indicators that can be used include:
· Patient outcomes: This can include measures such as the rate of complications, readmissions, mortality, and morbidity. These metrics can provide insights into the effectiveness of clinical interventions and the quality of care provided to patients.
· Patient satisfaction:

I have attached the chapter for this. The book is: Knickman, J. R., & Elbel, B XXXXXXXXXXJonas & Kovner's health care in the United States (12th ed.). Springer Publishing Company. Healthcare...

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