HCA HOLDINGS, hospital corporation of America (a publicly-held hospital chain.) www.hcahealthcare.com
Your boss likes the directions that your recommendations have been going, and you have been asked to further develop the plan. The board and chief financial officer (CFO) will need to budget and plan for change implementation, but the health information management (HIM), compliance, and medical departments are concerned about compliance breach risk exposure.
For this assignment, you will write a paper of 6-7 pages with at least 8 relevant and contemporary, peer reviewed in last 5 years. References that discusses the following:
1) Continuing with the changes that you have suggested previously for the same organization that you chose in Unit 1, determine the implementation challenges for management and operations, marketing, finance and accounting, research and development, and information systems, focusing on compliance and breach protocols.
Make table for it, list them like, 1) recommendations, 2) operational challenges,3) marketing challenges, 4) finance and accounting challenges,5) research and development challenges, and 5) I T challenges. The compliance part please explain it in paragraph.
2) Provide suggestions to overcome the challenges based on the organizational structure, communication methods, and training. Include a time line that indicates the timing at which each change should be evaluated for effectiveness and efficiency. Make table for it and list it that way 1) recommendations, 2) organizational structure changes, 3) communication method changes ,4) training requirements, 5) timeline.
Add general summary for the table.
Format should be like that:
Introduction = of the latest recommendations (the recommendations that I send below) that were used previously should be in intro and tables.
Table answering bullets 1 and 2
General summary of the table
|Recommendations||Operational resources||Human Resources||Length of time required|
|Review of the service delivery mechanism (pricing strategy).||Financial resource, $ 50, 000||A marketing analyst to give accurate data about the prevailing market prices and economists to determine the most economical price that the organization can offer its services at.||2 months|
|Expansion of the organization’s operations to other geographical areas locally and internationally||Financial resources approximately $ 100 million dollars per branch established.||100 staff members both skilled and non-skilled per facility.||It takes the company 2 years to fully establish a new facility.|
|Enhancing thus employee motivation thus improved employee productivity and efficiency.||Financial resource, $ 500, 000 dollars per year.||Counselors and motivational speakers.||Employee motivation is continuous and should be done regularly in a month.|
|Engaging in community activities to improve the public image of the company.||Financial resources will be dependent on the type of community project the company engages in but the minimum amount per year to be spent on community projects is $ 100, 000 dollars.||The organization makes use of its existing public relations staff.||At least two community projects are completed annually.|
|Regular reviews on the strategies adopted to determine their effectiveness. determine their effectiveness.||Financial resource, $ 150, 000 per year.||Two project management specialists.||One year|
Financial impact analysis
|Recommendations||Operating self-sufficiency ratio (Sales revenue / total cost)||Sales growth rate (percentage increase in sale between two periods)||Inventory turnover (cost of sales/ average inventory)|
|Review of the service delivery mechanism (pricing strategy).||When the prices of the medical service decrease customers tend to buy more from the company, therefore, increasing the sales revenue thus an improvement in the self-sufficiency ratio.||The sales growth rate increases as more clients demand the enterprise’s service due to lower prices.||Leads to an increase in the inventory turnover|
|Expansion of the organization’s operations to other geographical areas locally and internationally||Expansion of the organization’s operations to other geographical areas leads to a widening customer base consequently increased sales revenue which translates to higher operation self-sufficiency ratios.||The sales growth rate increases due to a widened market.||Leads to an increase in the inventory turnover.|
|Enhancing employee motivation thus improved employee productivity and efficiency.||Enhancing employee motivation has no direct impact on the operating self-sufficiency ratio.||Employee motivation has no influence on the level of sale consequently do not affect the sales growth rate.||No effect on inventory turnover.|
|Engaging in community activities to improve the public image of the company.||May lead to an attraction of a considerable amount of customers hence improved ratio however at a very low rate.||May increase the sales growth by a small margin.||A small effect on inventory turnover.|
|Regular reviews on the strategies adopted to determine their effectiveness.||Regular reviews have no effect on the level of sales or costs hence do not affect the level of operation self-sufficiency ratio.||Has no effect on the sale growth rate.||No effect on inventory turnover.|
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UNIT 4 IP DRAFT PART 1.docx