MHA 598 Module 4 - Case FINANCIAL MANAGEMENT

Simpson Healthcare Financial Management Student’s name Department: University Course: Course Code Instructor’s name Date Simpson Healthcare Financial Management Health Care Organization/Facility: Simpson Healthcare is a completely non-profit healthcare organization in the community. It was primarily founded to provide healthcare services that improve the health status of the target population through medical care, education, and community health activities. The organization works with the sustainability mission and has no restrictions regarding serving people; everybody can address it and receive service even if they cannot pay for it. Data Collection & Analysis When creating this financial management plan, primary data collection methods used include Financial Statements, industry averages, and community health needs. These performances include the coefficient of variation of operating expenses, operating margin, cash flow to operating expenses, number of employees per physician, payer mix, and accounts receivable collection period ratio (Palepu et al., 2020). Board of Directors and Leadership Structure of the Organization Simpson Healthcare's organizational structure is headed by a board of directors. The facility's executives are the CEO and the CFO, with different heads of clinical and/or administrative units. Another advantage is already mentioned. Namely, the Organizational structure has mechanisms that allow for efficient financial resource management and allocation to patient needs and community programs. Recommendations and Conclusion Based on these findings, the following recommendations appear appropriate: The financial strength of appears positive. More efforts should be made to garner more support from the community. Strengthen functional efficiency. Focus more on embracing technological advancements in service delivery. Excessive control over money and additional strategic investment to cater to the organization's future needs will contribute to sustainability. Health Care Delivery, Information Systems, & Quality Assurance Health Care Delivery and Models Simpson Healthcare provides inpatient and outpatient services, emergency services, and clinic services. Its care delivery model is patient-centred and entails interconnected services across the care continuum. Information Systems In terms of technology, the organization uses advanced health information systems in clinical decision-making, patient care process quality, and organizational management. EHRs and telemedicine have improved the capacity and efficiency of care availability. Quality Assurance Quality assurance programs are in proper operational order within the facilities of Simpson Healthcare to provide the best possible quality of patient care. CQI processes are directed to improving the quality of patient care by recurrently assessing the patient's safety and, efficacy and satisfaction. Staff is monitored and reviewed to provide assessments to identify areas that need to be developed. Recommendations and Conclusion Among recommendations for advancing health care delivery, better analytics and accurate patient modelling are also suggested. Improving cooperation with community organizations, which might expand the scope and effectiveness of services, is another form of complimentary service development. Regulatory Compliance, Health Care Law, and Ethics Regulatory Compliance and Health Care Law Simpson Healthcare complies with all legal regulations and healthcare legislation without any exemptions. Measures were instituted to ensure that the organization complies with the stipulations of HIPAA, ACA, and any other federal or state directives in existence (Maynard 2017). Health Care Ethics Ethical issues are closely related to the organization's functioning and essen...