Nobody downloaded yet

Health System Issues: Return on Investment for Solutions - Term Paper Example

Comments (0) Cite this document
The health care system is currently facing considerable inflation and budgetary problems at the local and funding levels. The study takes a return on investment approach through cost analysis to determine the likely benefits of implementing new systems and processes to improve health care delivery…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92.7% of users find it useful
Health System Issues: Return on Investment for Solutions
Read TextPreview

Extract of sample "Health System Issues: Return on Investment for Solutions"

Download file to see previous pages The Institute of Medicine identifies that nearly one million patients are injured by medicinal errors and 100,000 patients die as a result each year (Hook, Pearlstein, Samarth & Cusack, 2009). Errors occur as a result of improper physician ordering of medicines, illegible documentation, and actual dispensing as a result of human error. The costs of adverse drug scenarios cost the health care industry, as a whole, two billion dollars every year (Hook, et al.). Some hospitals and clinics have developed training education that improves physician handwriting and analysis, however these errors continue to be a liability problem for executive leadership and impose concerns over job security for some health care professionals.
In relation to organizational structure, hospitals have a difficult time today streamlining job function to avoid redundancies. This is especially important when the costs of labor continue to skyrocket in today’s recession economy. It is necessary to facilitate quality health care to have a structure where job roles are clearly identified and each activity as it relates to physicians and nurses is not superfluous and excessively repeated. For instance, when inefficient workflow occurs, patients can be over-medicated or the supply chain costs can rise significantly when over-use of hospital tools and medicines occurs. In order to avoid liability in patient medication and also improve job role function for cost issues, it is proposed to implement what is referred to as the electronic medical administration record (EMAR), an information systems architecture that provides for a paperless environment and is designed to facilitate more efficient work activities. A recent study of a small sampling of nurses indicated that in order to provide effective care, it was vital to have “smart, portable, point-of-care solutions to capture and share data, as well as routine communication” (Murphy, 2010, p.406). The nurses identified for the study believed the best way to reduce demand on time management was to improve inefficiencies in workflow and improve communications between themselves and physician staff (Murphy). The EMAR provides a new, virtual system of medicine ordering and dosing instructions, provides instant access to location of vital staff members involved in ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Health System Issues: Return on Investment for Solutions Term Paper”, n.d.)
Retrieved de
(Health System Issues: Return on Investment for Solutions Term Paper)
“Health System Issues: Return on Investment for Solutions Term Paper”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Health System Issues: Return on Investment for Solutions

Return on Investment : Education Funding

...? Return on Investment - Education Funding 20th May Return on Investment- Education Funding Introduction My aim in this present research paper is to discuss extensively the expected return on my investment of pursuing a course in Business Administration. First, I will discuss the factors I considered when enrolling for course in Business Administration. Second, I will address the issue of the expenses related to the course. Finally, the essay will discuss the expected returns after completion of the course in terms of employment opportunity. To being with, it is of essence to note that Jackson and Mathis (2010) stated that Business Administration is a study on the process of managing a business or a non-profit organization so... from one to...
3 Pages(750 words)Research Paper

Return on Investment : Education Funding

...? Return on Investment-Education Funding s: Return on Investment-Education Funding Introduction The cognitive process of coming up with the idea of what to pursue in life is very crucial and should be taken with due consideration. The choice that an individual may make has a very great impact in the entire life. Jim argued that “we simply decide without thinking much about the decision process.” This statement has a deep concern about what we may choose to do in our life. Therefore every individual should consider what has chosen to do otherwise he or she may end up regretting on the decision he made. Choice of pursuing business Pursuing a degree in business is not such...
3 Pages(750 words)Research Paper

Starbucks Issues and Solutions

...Starbuck's Issues and Solutions Executive Summary Starbuck's has enjoyed one of the most stellar corporate successes in the late 20 of century. This success has come at a price however. Even with all its good intentions Starbuck's faces an even more complex set of problems with respect to corporate responsibility. It grew up based on a paradigm of corporate social responsibility that has made it so profitable as to create a uniquely new set of market issues with respect to its corporate success. Some have termed the problematic market trend Starbuck's has led as "Starbuckization" of the marketplace. Some of the more representative characteristics of this market problem are believed...
2 Pages(500 words)Essay

Return on Investment

...Lecturer “Return on Investment” Question Four candi solutions have been proposed for a project. The corporation requiresa lifetime ROI of at least 80%. The estimated time-adjusted lifetime costs and benefits are as follows for each solution: Estimated Estimated Lifetime Lifetime Benefits Costs Candidate solution #1 $640,000 $372,000 Candidate solution #2 $905,000 $675,000 Candidate solution #3 $245,000 $115,000 Candidate solution #4 $745,000 $698,000 a. Which candidate solution offers the highest return on...
1 Pages(250 words)Assignment

Housing Issues and Solutions

...for visitors. This new tax will contribute more towards the income collection and management system. Not only this, but the tenants should be segmented according to their ability’ to manage the level of anxiety and money about their shift to a new system of benefits. There is an improved connection system established between tenants, housing professionals, and authorities dealing with the matters of income collection thus ensuring a proper communication system. Such connection is critical especially when it comes to finding solutions to the housing issue. Avoidance of Racial Harassment The social housing managers follow the basic...
16 Pages(4000 words)Essay

Housing issues and housing solutions

.... 2007.Ends and Means: the future roles of social housing in England. London: Centre for Analysis of Social Exclusion. Lister S, Perry J and Thornley M. 2007.Community engagement in Housing-led Regeneration: a Good Practice Guide. Chartered Institute of Housing. 363.50941 LIS National Consumer Council. 2006. The Consumer Interest in Housing: Tenants, Service Users and Communities. (W). A broad discussion of tenant involvement, with an eight-point consumer health check. New Economics Foundation. 1998. Participation works! Techniques for community Participation in the 21st century. London: New Economics Foundation. Audit Commission. 2007. Key Lines of Enquiry. Covering: stock investment and asset...
13 Pages(3250 words)Essay

Return on Investment

...Negligent Tort Return On Investment A. Training Return on Investment a. Total savings that the program stands to create = (125 *5000 * 50%) = $312,500 b. Net savings the first year in place = (125 * 5000) – 250000 = $375,000 c. Return on investment after one year = ((125 * 5000) – 250000) / 250000 * 100 = 150% d. Return on investment after two years = ((2* 125 * 5000) – 250000) / 250000 * 100 = 400% e. Return on investment after six months = ((125/2 * 5000) – 250000) / 250000 * 100 = 25% B. Cost Benefit Analysis a) Cost to benefit ratio = 14000 / 70000 = 1 : 5 b)...
3 Pages(750 words)Assignment

Return on Investment - Education Funding

...Return on Investment - Education Funding MBA program, of Colorado (Denver) The MBA program is a premier intensive study for the professional development of students. It prepares them for rapid promotion and career growth. The MBA program provides for students a rigorous based curriculum that emphasizes on the application of concepts learned. The program design imparts students with knowledge to guide their career through a focus on three major areas. First, it involves the imparting of experimental knowledge that includes practical business solutions. The business solutions presented include tools and techniques of optimizing business performance and solving challenges. Secondly, the MBA course offered has an international outlook... MBA in...
3 Pages(750 words)Coursework

Leadership issues and solutions

...Leadership Issues and Solutions Leadership Issues and Solutions Organizations around the world are striving to ensure their workforce is adequately motivated. The leadership in the organization is having this challenge as many colleagues are poorly motivated. This has resulted in general poor productivity which will hugely affect the end-year company results. There are complaints everywhere that the management no longer listens to employees’ complaints. Employees feel they are no longer valued and are threatening industrial action if their demands are not met. These problems can be solved simply by fixing the leadership towards motivating the employees. Some of the...
1 Pages(250 words)Essay

Waste Management return-on-investment

...Waste Management Vision: to achieve a cost effective mechanism by which all infectious and non-infectious hospital waste are safely managed Mission: the hospital to have a sustainable and efficient waste management program that applies all year round with minimum incurred costs during waste collection and disposal Hospitals generate a lot of biological and non-biological waste materials on a daily basis. Each hospital must have a cost effective system of waste generation and disposal. Virtually all hospital departments generate waste either hazardous or non-hazardous; all these wastes must be properly managed (Abd El-Salam, 2010) . Attaining a cost effective waste management plan requires full involvement of all sectors...
1 Pages(250 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Term Paper on topic Health System Issues: Return on Investment for Solutions for FREE!

Contact Us