Course: Healthcare Management and Strategy

You need a new ambulance, as the old one has been used for 10 yrs. How do you fund it? Please have some thought before you watch the suggestions. Would …

The Cost of Quality (COQ) in healthcare comprises prevention, appraisal, and failure costs (internal and external). Emphasizing prevention can mitigate future external failures and costs. Key Performance Indicators (KPIs) should …

Physicians’ quest for more clinical information and space poses challenges in healthcare administration. Budgeting serves as a powerful tool to manage physician demands effectively, as demonstrated by a case study …

Hospital cost control involves setting standards, monitoring processes, and analyzing outcomes. Budgeting serves as a vital tool, allowing organizations to plan major expenditures, monitor performance, and adjust strategies accordingly. Understanding …

Hospital performance evaluation and reporting involve defining expected performance, monitoring in-process activities, and fostering effective communication. Budgeting serves as a crucial tool, facilitating communication and coordination between departments. The master …

Organizational units must set measurable goals, whether financial or quality-related, to guide their behavior. Considerations include whether a unit operates as a cost or profit center and the impact of …

Hospital units are classified into four responsibility centers: cost centers, revenue centers, profit centers, and investment centers. Cost centers focus on reducing expenses, revenue centers collect cash for services rendered, …

Agency issues arise when the owner of an organization hires managers to run it, leading to conflicts of interest. This can result in situations like Ponzi schemes. The dilemma lies …

The educator elucidates the foundational concepts of accounting theory, focusing on the importance of decision usefulness and faithful representation in financial reporting. He discusses qualities like relevance and representational faithfulness, …

The educator discusses the dual role of accounting for internal and external users in healthcare organizations. Internal users, such as managers and staff, focus on financial information for decision-making, while …

The educator discusses the importance of financial management in healthcare organizations, emphasizing the role of accountants beyond traditional bookkeeping. They advocate for integrating accountants into departmental management to aid decision-making …

The educator discusses Activity-Based Costing (ABC) and its application in Activity-Based Management (ABM). ABC offers a more precise costing method compared to traditional allocation, especially in healthcare where it helps …

Here’s an article related to this week’s topic: What Is Organizational Behavior? Organizational Behavior (OB) acts as a guide for leaders and managers, helping them understand and utilize the many …

In the workplace, conflicts are inevitable and can escalate if ignored. Effective conflict resolution strategies are crucial for addressing this challenge. 5 Conflict Resolution Strategies: Steps, Benefits and Tips This …

The Medicare program, administered by CMS, provides health coverage for individuals aged 65 or older, certain disabled individuals, and those with end-stage renal disease. It comprises different parts covering specific …