You have recently been hired as the chief financial officer (CFO) of a large hospital. Your hospital has experienced major growth and is proposing a new department of quality improvement. This new department has to be approved by the board of directors. The chief executive officer (CEO) has asked you to prepare a presentation for the board of directors to stress the importance of quality from a financial standpoint.
Prepare a 15-18-slide PowerPoint presentation describing the importance of delivering quality care on the finances of the organization. Make sure to include the following:
1. An overview of the concept of quality in health care.
2. A description of the current finances of the organization and how quality would enhance the bottom line.
3. The consequences of not implementing the new department within the organization, including legal and marketing implications.
As you are crafting your presentation, consider your audience: a group of board members that you need to persuade to approve the financials for a new department. You need to make a strong, clear argument to support the need for a quality improvement department. You will also need to be creative to keep your audience's attention. Include speaking notes with each slide outlining the presentation.