ITask Module 5 In order to improve the future financial health of Mercy Hospital

ITask Module 5
In order to improve the future financial health of Mercy Hospital, you will need to have a plan based on solid financial analyses. Consider the following questions to help you develop this plan.
What would you recommend about leadership in the department?
What technology resources would help to improve information management and billing?
How will you deal with managing paying down debt?
How will you address issues of product service lines that are not producing income?
What will you do to ensure accountability and ethical conduct in financial practices?
What strategies can be instituted to find new avenues for income without veering from the non profit mission of the hospital?
Lesson 5
Activity 1: Team Plan
Based on all the analyses you have completed throughout the course and the answers to the questions completed in the Task, together develop a formal plan to present to Mercy Hospital’s leadership.
Make a clear recommendation on what they need to do to improve the financial outlook for the hospital, including increasing income, decreasing losses in not effective services, improving billing practices, using technology to enhance financial management of the organization, and new avenues for income. You can also talk about staffing and creative ways to improve the overall financial situation.
Activity 2: Presentation Plan
Plan a clear, informative, but interesting presentation of your plan for Mercy Hospital.
Activity 3: Presentation
DISCUSSION
What are the implications of Mercy Hospital transitioning from fee for service to value based reimbursement? What is the procedure for this transition? What other factors need to be considered?