Discuss process of creating a budget for healthcare facility


Homework

a. You are the CEO of a 150-bed community hospital in the northwest region of the United States. About one year ago, most of the physicians on your medical staff moved from private practice into employment arrangements with the hospital. You have noticed a decrease in physician productivity since that move. You can see the impact of this decreased productivity in the outpatient service statistics for your hospital. How might you structure a bonus or incentive program to motivate your doctors to get busier?

b. What are the key financial differences among for-profit, not-for-profit, and public healthcare facilities?

c. Discuss the process of creating a budget for a healthcare facility. Why is budgeting in health care different from many other industries?

d. Why is it important to maintain quality equipment and supplies and have quality regulations in place in healthcare facilities?

e. Based upon your learning from this unit, and also from your own experience, what do you consider to be the most important steps that a healthcare administrator should take to ensure the financial stability of his or her medical facility today? In addition, what do you consider to be the most important steps that a healthcare administrator should take to ensure the quality of care received at his or her medical facility today? Be sure to include information regarding the process involved in checking the credentials of physicians and other healthcare providers in the facility.

Format your homework according to the give formatting requirements:

a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.

b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.

c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.

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HR Management: Discuss process of creating a budget for healthcare facility
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