Improving the Clinical and Financial Performance of a Healthcare (Essay Sample)

Improving the clinical and financial performance of a healthcare to facilitate decision-making
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Improving the clinical and financial performance of a healthcare to facilitate decision making
In healthcare, quality is the direct relationship between the degree of improved services in health and individual or populations’ desired health outcomes. Performance improvement ingenuities are routinely pursued by healthcare organizations in improving patient experiences, clinical outcomes as well as reduction of costs in the organization. In cases where these efforts are not properly executed, they turn into monsters sucking up cash, time and other useful resources whereas they yield minimal sustainable progress. Majorly, performance improvement labors fail to yield the anticipated outcomes since organizations frequently take performance improvement by mistake to mean a sequence of the never-to-be-repeated project with each comprising own start, intermediate, and completion. In reality, Heath care performance improvement initiatives ought to be overly apprehended and undertaken in the current performance program context for it to be efficient and sustainable (Dowling, 2013).
The primary objectives for such actions ought to be prioritizing efforts on performance improvement to help the health care achieve its mission, vision and early successes besides building future impetus on efforts on performance improvement. Therefore, a defined approach contributes to deal with adverse effects improving performance as summarized into three steps below. First it involves the analytics system or awareness which entails advancement of measurement and analytics. Second, we have the deployment system that encompasses the creation of permanent teams across workgroups involved in identification, implementation as well as monitor quality improvement effectiveness. Lastly, the content system is accountable for data-driven approach deployment in the course of evidence-based best practice implementation (Clarke et al., 2011).
For useful population health management application, full scope information access must be available on patient services, cost, and care results. Broadly understanding patient cohort views is crucial in understanding views on which of the cohorts is driving the costs, service utilization and margins of a given healthcare so as to match resources with offered patient services appropriately. Presently, Bundled Payment in the US is aiming at the reimbursement of hospitals as well as physicians based on the expected clinically-outlined episode costs of a given care. The effort seeks to shift a procedure focus into the longitudinal view whereby care on patients is categorized on logical incidents comprising entirely primary care given to a patient for a particular condition or practice. Organizations taking part engage in payment agreements including accountability on finances and performance for forty-eight care episodes as directed (Sennett, 2010).
Summa Health System's hospital in Akron, Ohio considers accountable care based on spending aims for integrated services offered to a cohort of patients than ...