MEDICAL FINANCE WORK

Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

1. Describe the importance of analyzing balance/conflict in making medical project decisions. Provide at least one specific example of this concept for a healthcare decision

2. What is meant by TSPR in a project management context? As project manager, how would you handle TSPR? Provide specific examples related to your own work or interests

3. What is meant by WBS in a project management context? For healthcare facility expansion projects, what are some of the appropriate and logical components that might be included? Provide some specific examples.

4. Find Exercise 12-1 in your textbook, page 248. Construct a PERT network and answer each of the questions presented there (questions “a” through “d”).

5. Why are run charts and control charts so useful in managing clinical services within a hospital or clinic? What is the difference between a run chart and a control chart? Also, provide at least one specific example of applying these charts in medicine.

6. Discuss brainstorming and consensus building as important aspects of total quality management in healthcare. Provide at least one specific example of how these tools could be utilized in the management of medical services.

7. You are the newly appointed radiology director of a 300-bed community hospital. On your first day of duty, your chief radiologist approaches you about the idea of obtaining a new state-of-the-art mammography system costing $300,000.00. The current mammography system is five years old and truly is outmoded. How will you analyze the financial prospects for proceeding with this capital purchase? Be sure to consider payback and net present value in your answer.

8. Find Exercise 14-1 in your textbook, page 296, on force field analysis (FFA). Perform an FFA on the driving and restraining forces that influence your ability to do well in this quantitative analysis course.

9. List and briefly describe the purpose of the 10 effective decision support system tools and techniques needed by health care organizations.

10. List and quantify some of the benefits that could be derived from the acquisition of a clinical IT system.

11. Determine at least 10 key success factors (key financial indicators) to benchmark in any hospital.

12. Discuss the pros and cons of reporting contractual adjustments directly on the monthly financial reports at the department level.