Lecture 3 Flashcards
healthcare challenge
triple aim of healthcare
triple aim of healthcare
improve access
improve quality
reduce costs
healthcare value
value of healthcare = quality of cost/costs of care
healthcare organizations influence value by delivering
higher level of quality at the same cost
the same level of quality at a lower cost
higher quality at a lower cost
what is the optimum option –> healthcare organization
higher quality at a lower cost
shareholders are also called
stockholders
shareholders
person or organization that owns shares of a for-profit corporation by owning stock in a company
share the profits and may be able to vote for board members and be involved in other decisions
stakeholders
much broader groups including anyone who has a legitimate interest (stake) in any organization
what make stakeholders so
influence an organization or be affected by it
all shareholders…
are stakeholders
but not all stakeholders are shareholders
CMOs include
VP medical affairs
medical director
chief of staff
chief quality officer
chief medical info officer
what are CMOs responsible for
all clinical departments/visits
what do CMOs monitor
the quality of all patient care
what do CMOs fxn as
intermediary
chief of executive officers
take a much broader view
what are CEOs responsible for
total management of all parts including patient care
who do CEOs answer to
board of directors
board of directors focus on
purpose and its accomplishments
what are the board of directors responsible for
hire of the CEO
may assist in selection of CMO
what do the board of directors have
variety of complex models
what does BOD include
legal entities with fiduciary responsibilities
2 parts of workers compensation
compensation
medical benefits
compensation –> workers comp
for lost wages and the loss of potential future wages b/c of injury or illness
based on proportional loss and the use of body parts
medical benefits –> workers comp
for the tx and care of injured or sick employees
rehab to improve the employee’s ability to return to work
each worker who is able
is expected to return to work of some type
