Finance impact: Improving Performance and Info Mgmt for Growth.

Financial Implications for Healthcare Organization: Performance Improvement Plan and Information Man

Challenges with Performance: Issue of Adequate Fund Allocation and Lack of Infrastructure

In my chosen healthcare, the major issue with performance is the issue of adequate fund allocation and the lack of infrastructural capacities to cope with the current situation of the pandemic and even the post-pandemic times. This gap has damaged the flow of a quality care from the health institution over the years and now, the gap needs to be filled with preparedness to manage the future waves of the pandemic (Mitra, Mishra & Kumar, 2018). Moreover the internal coordination among the staff and the data management system is not at par with the global standards and consequently, a collective consequence is often seen detrimental to the concerns of the patients. Moreover, a proper channels of coordination among the insurance companies, the government, the executive wing of the democracy, and the internal management of the healthcare often lacks a synergy that has caused the patients and the staff of the setting to pay badly. Hence, the Performance Improvement Plan (PIP) is required to match up and expedite the system and its functioning in an advanced manner. If the plan will be successful, the financial implication will be the enhanced capital expenditure of the setting that will bolster future scope of improvement in the organization and further there will be chances for future infrastructural upgradation and more employment generation. Revenues will generated in more amount than the present condition along with the streamlining of the sustainable development plan by optimizing the internal and external performance characteristics and the Key Performance Indicators (KPIs).Â

The PIP will be deeply dependent upon the use of a smart and optimized data entry, tabulation, and management tool along with a robust and resilient database server that is quickly accessible even after an unforeseen failure or workplace data-breach issue. Data related to the internal an external functioning of the organization, records of the patients, and the nuances of the financial information are very crucial in this aspect as there are immense chances of a very comprehensive and proper audit that will further help in enhancing the organizationâ€™s success.

The organizational process performances will maintain a robust and resilient quantitative and qualitative performance understanding of the setting. Projects, quantitative performance indicators, baselines, performance data, business models, and the support from the implementation of the high maturity areas will collectively construct the outcome of the PIP.Â

Analysis of the Interdepartmental Communication that Is Necessary for the Continued Engagement in the Proposed Initiative

Interdepartmental communication is the most vital area of a healthcare setting that majorly decides the shape of the healthcareâ€™s success in terms of facilitating the patients, a quality care. Files from one department to the other, communication with the staff of the relevant departments, carrying their messages, and the engagement process with the patientsâ€™ families require a relentless and tireless efforts by the entire team of the healthcare irrespective of their departments. Hence, a cordial, efficient, succinct, comprehensive, and utilization of both of the verbal and the non-verbal means of communication are being suggested for the continued engagement in the proposed initiative.Â

Critical Elements	Exemplary (100%)	Proficient (85%)	Needs Improvement (55%)	Not Evident (0%)	Value
Problem: Provide	Meets â€œProficientâ€ criteria and includes insightful detail into the contextual basis of the organizational problem	Comprehensively provides a contextual basis for the organizational problem that was chosen, including how the problem fails to meet quality or regulatory requirements	Provides a contextual basis for the organizational problem that was chosen but with gaps in detail or logic	Does not provide a contextual basis for the organizational problem that was chosen	4.5
Problem: Articulate	Meets â€œProficientâ€ criteria and offers greater depth of information regarding the organizational challenges posed by the problem	Clearly articulatesÂ organizational challenges posed by the problem	Articulates organizational challenges posed by the problem but articulation is not clear	Does not articulate organizational challenges posed by the problem	6
Support: Provide	Meets â€œProficientâ€ criteria and data provided demonstrates nuanced understanding of the problem	Provides data that supports the existence of the problem	Provides data but data does not fully support existence of the problem	Does not provide data or data provided does not support existence of the problem	6
Support: Addressed	Meets â€œProficientâ€ criteria and description includes insightful detail regarding how this problem has been addressed in the past	Thoroughly describes how this problem has been addressed in the past, including the information management systems or patient care technologies utilized, and supports answer with peer- reviewed literature	Describes how this problem has been addressed in the past but with gaps in detail, and supports answer but support does not include peer-reviewed literature or is irrelevant	Does not describe how the problem has been addressed in the past or does not support answer	6

Support: Discuss	Meets â€œProficientâ€ criteria and offers professional insights concerning how accreditation, safety, compliance, and quality standards promote a culture of safety	Clearly discusses relevant accreditation, safety, and compliance standards, as well as quality initiatives, including how these standards promote a culture of safety within the department, and cites appropriate standards	Discussesaccreditation, safety, and compliance standards, as well as quality initiatives, but with gaps in detail or clarity, and cites standards but citations are irrelevant or inappropriate	Does not discuss accreditation, safety, compliance, and quality standards and does not cite standards	9
Performance: Propose	Meets â€œProficientâ€ criteria and proposal demonstrates a nuanced insight into the relationship between the planned initiative and the quality standard being addressed	Proposes an initiative to address the chosen problem, including the quality standard being addressed	Proposes an initiative to address the chosen problem but proposal has gaps in detail or logic	Does not propose an initiative	4.5
Performance: Discuss	Meets â€œProficientâ€ criteria and chosen data determinants of success demonstrate great insight into the type of data that will be indicative of a quality outcome	Accurately discusses the data determinants of success related to this initiative	Discusses the data determinants of success related to this initiative but discussion is inaccurate	Does not discuss the data determinants of success related to this initiative	6
Implementation: Communication	Meets â€œProficientâ€ criteria and description is exceptionally clear in the delineation of communication channels	Thoroughly describes the interdepartmental communication channels to be used for plan implementation	Describes the communication channels to be used for plan implementation but channels are not interdepartmental or description has gaps in detail	Does not describe the communication channels to be used for plan implementation	6
Implementation: Data	Meets â€œProficientâ€ criteria and choices of data interpretation demonstrate nuanced insight into communication within the chosen healthcare organization	Accurately describes the manner of data interpretation that will be used to communicate findings within the organization	Describes the manner of data interpretation that will be used to communicate findings within the organization but description is inaccurate	Does not describe the manner of data interpretation that will be used to communicate findings within the organization	6
Implementation: Initiative	Meets â€œProficientâ€ criteria and offers reasoning concerning the hypothetical effects of the initiative on patient care outcomes	Comprehensively describes the hypothetical effects of this initiative on patient care outcomes, including how health information systems support improvements in patient care	Describes the hypothetical effects of this initiative on patient care outcomes but description is cursory	Does not describe the hypothetical effects of the initiative on patient care outcomes	6