Implementing Project Performance Measures for Health Informatics Applied Practicum
For this assignment, you will research the topic of performance measures to learn the impacts of project improvement initiatives in health care organizations. In 500-750 words, address the following:
Analyze the business impact and value of implementing project performance measures.
Determine the importance of project improvement initiatives meeting organizational objectives.
Determine various methods of performance measurement for health informatics projects.
Assess the use of mitigation plans to be implemented if organizational objectives are not met.
Refer to "Health Informatics Practicum Project Overview," located in Class Resources, for further information.
You will not include the time it takes to complete this task as part of your practicum hours.
You are required to cite a minimum of three scholarly resources to complete this assignment. Sources must be published within the past 5 years and appropriate for the assignment criteria and health care and health informatics content.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. A link to the LopesWrite technical support articles is located in Class Resources if you need assistance.
Health Informatics Applied Practicum
Student's Name
Institution
Course
Professor
Due Date
Health Informatics Applied Practicum
To determine the success of projects and project improvement initiatives, healthcare organizations must establish performance measures. According to Wager et al. (2017), project performance measures are important as they allow healthcare organizations to assess whether they are meeting the performance improvement standards that have been set for them. Implementing project performance measures also create value for organizations and has a business impact. For instance, organizations that meet certain improvement and performance standards, such as those set by the Joint Commission, are accredited and, as a result, have a competitive advantage that non-accredited organizations lack (Wager et al., 2017). Also, these measures ensure that organizations continuously improve the quality and safety of care, thereby improving patient satisfaction. This can promote loyalty and increase the number of patients visiting the organization. Further, they ensure that organizations receive certification and licensure for health plans. These are important in ensuring the organizations get reimbursed by payers (Wager et al., 2017). The implementation of project performance measures can enhance an organization's financial position.
Project improvement initiatives play a crucial role in meeting organizational objectives. Most healthcare organizations are focused on improving the quality and safety of care while reducing costs to improve access, and this is why improvement initiatives are important. Thus, organizational objectives are centered on these important aspects of care. Project improvement initiatives are associated with improving the efficiency of clinical processes as well as information capture and record-keeping (Scott et al., 2019). Further, efficient processes ensure that there are fewer system failures, errors, and redundancy and allow for effective management of patient records. It becomes easier for organizations to streamline their processes and prioritize to meet short and long-term organizational objectives effectively....