Assignment Content
Competency
Develop sustainable operational processes that create opportunities to utilize best practices in patient care and functions.
Student Success Criteria
View the grading rubric for this deliverable by selecting the “This item is graded with a rubric” link, which is located in the Details & Information pane.
Scenario
Health organizations continue to face challenges relative to costs and revenue. Changes in reimbursement structure is most often cited as one of the biggest challenges for providers. As a result, leaders are developing new approaches aimed at creating additional revenue streams.
Traditionally, hospitals have operated on profit margins that are often described as challenging. As a result of increased labor costs and a shift in payer mix, hospitals are being forced to do more with fewer resources. Consequently, hospitals are seeking new ways to improve their margins. Increasing patient volume is no longer effective in improving margins given the focus on value-driven care. As the CEO of XYZ hospital, you are asked to make a presentation to the board regarding ways to identify new streams of revenue.
Your hospital operates in a low-income community with a significantly large population of residents enrolled in Medicare and Medicaid coverage. Critical issues such as length of stay (LOS) requirements and other financial threats are creating an urgent need for your organization to consider new revenue sources. After conducting research into the development of alternate revenue streams implemented by hospitals, you propose a new state of the art wellness center. Your task is to gain support for the wellness center.
Instructions
Create a PowerPoint presentation in which you highlight the following:
Describe, in detail, the service offerings that you would include in your new wellness center.
Discuss any potential barriers to implementing the wellness center.
Explain how the new wellness center can potentially affect overall costs.
Explain how the new wellness center can potentially affect overall quality of care.
Describe the potential impact of the new wellness center on the underserved.
Discuss the potential implications of the proposed revenue stream on payers, patients, and providers.
Guide On Rating System
Vote
Title: Creating a State-of-the-Art Wellness Center: A Solution to Improve Revenue, Quality of Care, and Access to Underserved Communities
Slide 1: Introduction
- Introduce the topic of creating a wellness center as a potential new revenue stream for XYZ hospital
- Highlight the main objectives of the presentation
Slide 2: Background
- Briefly explain the challenges faced by XYZ hospital in terms of costs, revenue, and changing reimbursement structure
- Emphasize the need for new approaches to generate additional revenue streams
Slide 3: Service Offerings
- Discuss in detail the service offerings that would be included in the new wellness center
- Explain how these offerings align with the needs of the community and aim to improve overall patient care
- Example service offerings: Fitness classes, nutrition counseling, stress management programs, preventive screenings, and wellness workshops
Slide 4: Potential Barriers
- Address potential barriers to implementing the wellness center
- Discuss solutions or strategies to overcome these barriers
- Example barriers: Funding limitations, regulatory compliance, operational challenges, and community acceptance
Slide 5: Impact on Overall Costs
- Explain how the new wellness center can potentially affect overall costs for XYZ hospital
- Highlight the cost-saving benefits of preventive care and wellness programs
- Discuss potential opportunities for cost-sharing partnerships or grants for sustainable financial viability
Slide 6: Impact on Overall Quality of Care
- Explain how the new wellness center can potentially improve overall quality of care at XYZ hospital
- Highlight the positive effects of promoting preventive care, patient education, and holistic approaches to wellness
- Discuss the potential for reducing hospital readmissions and improving patient satisfaction
Slide 7: Impact on the Underserved
- Describe the potential impact of the new wellness center on the underserved population in the community
- Illustrate how the wellness center can bridge the gap in access to healthcare services for low-income residents
- Highlight targeted programs and initiatives for improving health outcomes among underserved populations
Slide 8: Implications on Payers, Patients, and Providers
- Discuss the potential implications of the proposed revenue stream on various stakeholders
- Payers: Highlight potential savings for payers through reduced hospitalizations and improved health outcomes
- Patients: Emphasize the increased access to affordable preventive care and wellness services for patients
- Providers: Address the potential for expanded job opportunities and growth in healthcare workforce
Slide 9: Conclusion
- Summarize the key points discussed in the presentation
- Reinforce the benefits of establishing a state-of-the-art wellness center for XYZ hospital
- Invite questions and provide contact information for further discussion
Slide 10: References
- List all the references used in the presentation (APA format)
Note: Remember to utilize appropriate visuals, graphics, and concise bullet points to enhance the effectiveness of your presentation.
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