Physicians Practice
Physicians Practice
Imagine that a group of physicians
who are planning to open a single-specialty group practice has hired you
as a consultant. Your job is to advise the physicians in creating a
business plan that includes management strategies that will help ensure
their success. The physicians have stipulated that the plan must promote
medical excellence and limit their exposure to risks associated with
the practice of medicine and the operational functions of the practice.
In addition, they are aware that a public health emergency or natural
disaster could have had a significant impact on their practice, and want
to include a strategy for emergency preparedness as part of their plan
so that they will be able to manage their patients and help serve the
community as needed.
Write a four to six (4-6) page paper in which you
Compare and contrast the two (2) main levels (i.e., internal
comparison and external comparison) of financial benchmarking. Next,
analyze the strategic purpose of each level of benchmarking and specify
the overall importance of benchmarking as a financial planning tool for a
medical practice.
Recommend a Health Information Technology (HIT) system that includes
an Electronic Health Record (EHR) for the new practice to implement.
Support your recommendation by determining three (3) main benefits of
having this type of system for the practice.
According to the text (page 368), some of the main areas of risk
exposure for a group practice include: property (general liability and
safety), technology, and financial practices. Determine one (1) specific
hazard associated with one (1) of these risk categories and propose a
strategy to mitigate the impact this risk could have on the practice.
Support your analysis with a real-life example.
Determine the main functions of the practice that will need to remain
operational before, during, and / or after a natural disaster or public
health emergency. Next, suggest a strategy that the practice should
take to maintain communication with employees and patients, secure
patient and financial records, and ensure that resources will available
to care for patients during a disaster or emergency. Provide a rationale
for your response.
Use at least three (3) quality academic resources. Note:Wikipedia does not qualify as an academic resource.
Format your assignment according to the following formatting requirements:
Typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
Include a cover page containing the title of the assignment, the
student’s name, the professor’s name, the course title, and the date.
The cover page is not included in the required page length.
Include a reference page. Citations and references must follow APA
format. The reference page is not included in the required page length.
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