The Elijah Heart Center (EHC) is a health care organization that specializes in cardiac care. The facility has equipment suitable to perform a full spectrum of cardiovascular services. EHC provides outpatient services for non-invasive procedures as well as clinical care. However, Elijah Heart Center is suffering from a severe financial deficit that may destroy the credibility of the company. As senior financial advisor strategies of specific measures will address techniques to bridge a working capital shortage, evaluate funding options for acquiring medical equipment, and evaluate funding options for capital expansion.…
South Carolina Heart Center uses an electronic health record called NextGen. NextGen was implemented in the year of 2007. This is the facility MPI and permanent storage. The Information Technology department does a back-up every night at 6:00pm.…
The Elijah Heart Center is facing the financial distress common in specialized health care organizations. This is the combination of the need for improved technology, a reduced income, and the demand for expansion. Without the needed technology and expansion, there is little that the hospital can do to improve the income. The financial situation requires a combination of strategies to reduce costs and to make the wisest choices regarding acquiring needed technologies and expansion.…
RRMC, like many other healthcare organizations has some internal and external strengths and weaknesses. Due to the large volume of hospitals located within driving distance of Etowah County, there is a significant threat of substitutes in the market, in particularly when it comes to individuals needed emergency, as well as, non-emergency care. However, RRMC’s revamping of its Emergency and Cardiac Care departments was a significant strength because now it was able to provide state of the art care to patients. RRMC possessed another impactful strength as it was rated number 1 in the state of Alabama for cardiovascular surgery and recognized for orthopedics and stroke programs by HealthGrades.com (Richards & Slovensky, 2004). One of RRMC’s…
The Hospital Management Associates (HMA) acquired Riverview Medical Center (RRMC, a 281 bed for acute care in 2004. HMA reconstructed the facility turning it into a leading-edge, high quality of care health care organization. The facility is one of the primary employers in the area and provides job opportunities to approximately “700 individuals in the local area” (Richards & Slovensky, 2004). RRMC has encountered significant challenges against their competitors: Mountain View, Gadsden Regional and HealthSouth. One major challenge…
I chose to develop a plan for a pediatric cardiology clinic in our local area, the need for the clinic is very great due to the fact that the old cardiology clinic has closed down and there are no other pediatric cardiology clinics within at least a two hour drive from here. This clinic is an outpatient clinic that will be open from 8am to 5pm and closed on the weekends, with an emergency line for patients needing to speak to the cardiologist on call during the week or weekend.…
This company was established in 1967 under the name National Medical Enterprises by three lawyers and headquartered in Los Angeles, California. In its early years, the business policy of the company was mainly focused on building and acquiring medical facilities and related services in order to address the growing medical demands in the new market. In the late 1980s, the company diversified into specialty hospitals such as building nursing homes, and rehabilitation centers among other developments (Klaidman, 2010).…
There is a wave of massive consolidation amongst US-healthcare providers. That consolidation is coming as payers try to reduce healthcare spending. In total, providers including hospitals, physicians…
The reality of the current healthcare system in the United States is that costs are rising to out-of-control levels, quality of care is increasingly deficient and millions of Americans are without access to care. Traditional education for healthcare administrators has centered on business practices and organizational financial needs. Likewise, medical professionals tend to lack the business acumen necessary to effectively run healthcare facilities. The need to bridge the gap between healthcare administration and clinical care is more prevalent now than ever.…
The Community South Medical Center, located in an older urban area, began to see change in the local community as the businesses with good paying jobs gradually moved out of the area, and was replaced with small shops and other small business organizations. The patient population has been changing as a result. The population is reported to be that of an aging population now. Because of this major shift, it has become necessary for Community South Medical Center to review and revise the strategic mission of the health care facility to improve technology, quality of care, and to meet the needs of the shifting patient base. The CEO of Community South Medical Center needs to address the changes of the community as they affect the health care community. If these community changes are ignored, the Community South Medical Center will be lead to organizational death. The longer the CEO waits, the harder it will be to catch up with the changes that leave the health care facility behind the times.…
Premier facilities include Levine Cancer Institute, Levine Children’s Hospital, Sanger Heart & Vascular Institute, CMC Neurology and The Transplant Center. Other specialties include maternity (regular and high risk), assisted reproduction, interventional oncology, radiation therapy, minimally invasive surgery, and many others. Through careful integration of services, Carolinas HealthCare System has built some of the nation’s largest accredited multi-hospital networks for treatment of stroke and heart attack.…
The Centers for Medicare & Medicaid Services (CMS) created incentives for health care providers to work together to treat patients across care settings, but in order for these facilities to receive any savings, they must demonstrate that quality performance standards are met. In an effort to align clinical quality measures with the goals of Centers for Medicare and Medicaid Services (CMS) clinical quality measure are assessed against domains, heart failure and pneumonia fall under Clinical Process/ Effectiveness (Centers for Medicare and Medicaid Services, 2014). Heart failure is an increasingly common condition particularly among older Americans and can result in substantial morbidity, mortality, and consumption of medical resources (Krumholz…
For this paper the focus will remain on the population of Caucasian males located in this geographic area with the generally categorized chronic disease state of heart disease. This category will include conditions such as aneurysms, angina, arrhythmia, atherosclerosis, cardiomyopathy, congenital heart disease, congestive heart failure, coronary artery disease, dilated cardiomyopathy, diastolic dysfunction, endocarditis, hypertension, hypertrophic cardiomyopathy, mitral valve prolapsed, myocardial ischemia, myocarditis and valve disease. The reason for choosing this population in this geographic area is due to the unique, almost homogenous population.…
Ronald G. Spaeth has served on several boards and serves a president and chief executive officer of Highland Park Hospital (Highland Park, Illinois) merged with Evanston Northwestern Healthcare (Evanston, Illinois). Mr. Spaeth is a fellow of the American College of Healthcare Executives. He earned his bachelor of arts degree from Western Reserve University in Ohio and his master’s in business administration degree from the University of Chicago in Illinois. He was also the recipient of the American College of Healthcare Executive’s 2005 Gold Medal Award, an honor conferred on outstanding healthcare leaders for their contributions to the field.…
Six months after the merger of Mercy Medical Hospitals and the Promedica Health Systems, the new administration initiated a significant reduction in workforce. The decision was made to redesign patient care delivery. The administration’s first job redesign recommendation was that of a universal worker. The universal worker would deliver many support services. Although this is not a fail proof system, the administration wanted other options to be considered as well.…