Health Care Finance
Developing financial acumen is not just for managers—a truly innovative organization is comprised of employees who can think critically about the processes and systems in their department. Cultivating employees' knowledge of the financial underpinnings of systems and processes is more likely to encourage critical thinking and lead to new ideas and solutions in health care delivery. Whether you are budgeting and forecasting for a small unit or an entire department, the ability to make sound financial decisions is an essential skill.
The Urgent Need to Create Health Care Value
Authors Eric Wadsworth, Assistant Professor at The Dartmouth Institute for Health Policy and Clinical Practice and William Weeks, Senior Research Scientist at The Dartmouth Institute conduct a systematic review of literature published in the "Annals of Internal Medicine" journal which revealed that it is difficult to determine whether any delivered medical care services confer value. It explores how health care should be valued and the importance of starting at the beginning to create value. The article tackles how value can be created from a patient perspective and that patient interventions must be offered only if the benefits could outweigh the risks.
Addressing Healthcare Complexity
Authors Eric Wadsworth, Assistant Professor at The Dartmouth Institute for Health Policy and Clinical Practice and William Weeks, Senior Research Scientist at The Dartmouth Institute focus on the improvement of healthcare services offered by healthcare providers. The article mentions that healthcare providers were urged to obtain medical care methods and lesson from other industries like manufacturing and airline. It states that Joint Commission, U.S. Institute of Medicine and Institute for Healthcare Improvement are the organizations that recommends healthcare providers to cope with complexity in healthcare satisfaction.