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Essay Available:
Pages:
2 pages/β‰ˆ550 words
Sources:
5 Sources
Style:
APA
Subject:
Health, Medicine, Nursing
Type:
Essay
Language:
English (U.S.)
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MS Word
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Total cost:
$ 8.64
Topic:

7-2 Final Project Milestone Three: Implementation of Performance Initiative

Essay Instructions:

In the final phase of this project, you will implement your performance improvement initiative. Additionally, you will discuss what success of the performance improvement plan will look like after implementation. If you chose a problem in your workplace, be sure to utilize data from that healthcare organization; if you  have created a hypothetical healthcare organization, you may use a public domain database with instructor permission. As this is a scholarly initiative, this assignment must adhere to all APA requirements and formatting, and include peer-reviewed and evidence-based sources to support any and all claims. As you develop this final part of the assignment, consider the following prompts to formulate your paper.
V. Success of the Performance Improvement Plan
A. If this initiative is successful, what would be the financial implications for the healthcare organization?
B. How would the existing information management systems contribute to the success of your proposal?
C. What organizational processes will permit continued viability of the performance improvement initiative, if it is successful?
D. Analyze interdepartmental communication that would be necessary for continued engagement in the proposed initiative.
Guidelines for Submission: This paper should be one to two pages in length, not including the cover page or reference page. Use APA format for the reference list and all internal citations.

Essay Sample Content Preview:

Implementation of Performance Initiative
Name
Institution
Date
Implementation of Performance Initiative
Many patient experience delays and feel frustrated when staffs try to inform them about certain payment after paying for the services. Hospitals use computerized systems to handle most of the financial transactions. With many patients paying out of pocket fees for health services, the most challenging part many hospitals face is to develop the most efficient processes of collecting revenues at the point of service (Rauscher & Wheeler, 2010). To minimize billing errors, the best financial policy is to implement a credit card file program because most clients can access electronic billing services. Credit card file programs are one of the effective processes for the hospital to track and collect payment to avoid financial losses caused by unpaid bills (Rauscher & Wheeler, 2010).
Financial Implications
To implement the credit card file programs, the hospital will incur three processing costs; these are interchange, assessment and markup costs. Interchange and assessment are non-negotiable costs that will be incurred for processing payments. These are fees the hospital will pay the banks that will issue credit cards including card companies like Visa and MasterCard (Cleverley & Cleverley, 2017). While the markup cost will be incurred when the bank processor handles the hospital transaction, therefore it is important to analyze all transaction processors in the market and identify the one offering the lowest charges. (Cleverley & Cleverley, 2017). The hospital will need a secure gateway provider to relay the collected data to the clients account in the bank. The gateways are important because they provide instant information about the client’s financial status and the gateway will assist the hospital to transmit data by sending an approval or denial code to the hospital computers (Cleverley & Cleverley, 2017).
Existing Information Management Contributions
Since the hospital use computerized systems like the electronic ...
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