Explain How Hco's Plan The Size Of Its Various Components

1. Explain how HCO’s plan the sizes of its various components? How does it make its plans? What are the implications of too big and too small? Why is the final decision reserved for the governing board?
The success of any HCO will depend a great deal on making sure that there is a correct sizing of the various teams and facilities within the organization. According to the reading this week, “each service offered must be large enough to meet needs and operate effectively, but not larger” (White & Griffith 2010, p. 75). The services offered also needs to meet the needs of the community within the allotted funds available. It is also important to carefully look at the population and market trends where the organization is located. The HCO
By having a clear mission, definitive goals and values, it will set the foundation for the hospital. Everyone working at the hospital will know what is expected, because from my working experience when you know the mission, goals and values of a HCO and they are actually measurable then as an employee you know what is expected and what you and the team you work with should strive for. I have seen private, physician owned hospitals that offer specialized care not do as well as the surrounding hospitals that offer a variety of services. One example, which comes to mind, is that in the area I live in there is a Heart hospital that is owned by a group of local cardiologists. While this hospital can take care of a variety of different heart problems they are not equipped to do any type of heart surgery that might need to be done. This hospital was very popular in the first few years that it was opened but not so much in the last few years. What people in the area have found is that while it may be all well and good to go to this hospital, they can get the same care from the same doctors at the surrounding hospitals at a lower cost and their insurance company is more apt to pay for it. An added bonus is that if they need to have surgery they do not have to transfer to another hospital. If a for-profit large corporation were to
Things that need to be looked at are the service lines within the hospital and ensuring they are meeting the needs of the patients. Having a culture of empowerment and transformational management in place is important along with measuring the performance of the hospital and making any improvements along the way as needed. Normally a hospital will have a person in charge of monitoring the quality and safety of the hospital such as a Chief Safety Officer or a Chief Compliance Officer.
3. Who is responsible for hiring and evaluating the CEO? What is the potential for CEO evaluation to be superficial and ineffective? What kind of information would the board collect and use for the CEO evaluation? What are potential conflicts in the