Fluent Essays

Collect the knowledge you gathered in this course (see uploads) and prepare a 12+ slide PowerPoint presentation as if you were presenting to your workgroup. Make sure you touch on a topic from each week and describe what things you would like to immediately implement. Your presentation should be APA formatted if outside research is cited and free from grammatical errors. Gather your research from at least 2 sources, other than your textbook. Cite your sources using APA guidelines. All submitted work should be free of grammatical errors. Running Head: PAY PERFORMANCE BONUSES 1 PAY PERFORMANCE BONUSES 2 Pay Performance Bonuses Name Institution Professor Course Date Pay Performance Bonuses Title of the organization The name of the company is Apple Inc. Company. Apple Company is a famous global company that was began in the year 1977 by Steve Wozniak and Steve Jobs. It is involved in dealing with electronics such as iPhone and laptops. The key focus is on the outlining of a policy on pay performance bonuses (Fazey, 2020). Policy number The policy number is 123-456-7890. Effective date The effective date for the implementation of the plan into the company is on 2/10/2021. This will give the company enough time to prepare adequately on the implementation of the policy and making sure that it is efficient enough for enhanced feasibility in the company. Next review date The company will set up appropriate incentive types of plans at the start of each year. These will help in the review of the policy and monitoring it to understand how efficient it is and where to correct for enhanced feasibility as well as efficiency. The review will be taking place twice a year so that means that the next review will be after 6 months from the effective date of the policy. Policy approver The policy approved will be the level of the governance regarding the identified group as well as groups that the policy impacts which means the approver will be the departmental managers and administrators. Name of the policy The name regarding the given policy is the employee bonus type of policy. It will help in the distribution of bonuses to the company employees when they have done the most appropriate work and have achieved maximum efficiency according to their tasks (Boeri et al., 2013). List the department, product and function This type of policy is considered to be applicable to all the identified regular full time as well as the part time employees as well as the employees that have contracts that last one year or even more. The seasonal employees as well as the interns and the temporary types of employees that have a contract that is les than a year will not be eligible to the bonuses. Also this type of policy is applicable to all the departments in the company regardless of the function that each department plays in the company (Thompson, 2014).  This policy may be modified at any time as well as the bonus plans without any prior notice. Solely the written premises regarding the bonuses will be regarded as being valid. The bonuses will be discretionary as well as non discretionary. Summary of the policy structure The Apple Company is involved in rewarding the employees for their outstanding individual associated performance along with their identified level of contributions which assist them in the achievement of the company goals. The employee bonus type of policy that will be initiated into the company is involved in the explanation of the manner in which the given company is involved in the dissemination of the bonuses to the employees. It aims at explaining the manner in which employees will be rewarded since all the employees are involved in enhancing the success of the company. It is a type of policy that helps in the clarification of the manner in which the company chooses the type of employee to reward along with the manner in which to calculate the identified bonus amounts. It also highlights the type of bonuses that the company will give the employees at different times of the calendar year (Boeri et al., 2013). References Boeri, T., Lucifora, C., Murphy, K. J., Bandiera, O., & Oxford University Press. (2013). Executive remuneration and employee performance-related pay: A transatlantic perspective. Oxford: Oxford University Press. Fazey, M. (2020). Human resource policy: Connecting strategy with real-world practice. Thompson, T. (2014). The Affordable Care Act. New York, NY: Greenhaven Publishing LLC. Running Head: BENEFITS 1 BENEFITS 2 ERISA and EEOC Name Institution Professor Course Date There are various differences as well as similarities that are considered to be in existence in between the EEOC and the ERISA benefits. They include: ERISA is an organization that is mainly referred to as the Employee Retirement Income Security Act of the year 1974. It was actually passed by the Federal Court of the United States with an objective of standardizing in addition to establishing the criteria, the eligibility as well as the required minimum standards that are considered to be more appropriate for the pans that are related to the pension of the employees who are employed in the private sector. Additionally, it is also known for being made up of rules in addition to regulations that are associated with the plan meant for the employees benefits (Doerr, 2021). ERISA has its own associated benefits both to the employees as well as the institution which involves; in given circumstances whereby the said plan is actually based on profit, the plan basically acts as a motivating factor as well as pushing force to the workers in order to achieve performances that are considered to be positive and fruitful in an organization. This results into enhanced productivity in the company. Additionally, ERISA advantages are also essential as they act as a retention factor into an institution. This is because the plan helps the organization greatly in retaining the workers considered to be having talents that are recommendable in the institution. The retention is essential within the organizations’ growth development since it ensures it gets to tap the best talents which is significant in propelling the company forward in being able to have an advantage that is competitive against the competitors. Another benefit is that in a situation whereby the firm does not have sufficient capital, it does not face difficulties when it has to settle the employees since the plan literally eases the process for the institution in relation to the compensation issues for the workers. The reason is that, compensation can be balanced through the assistance acquired from ERISA plans (Goldman and Corrada, 2018). The disadvantages that are associated with the ERISA plan include; in order to have these type of a plan successfully implemented within any institution alongside making sure it gets to perform its functions as intended within the most suitable manner, this whole process is one that is considered to consume lots of time which becomes a challenge for most institutions. An additional disadvantage is found in getting to ensure the accuracy of the administration is maintained for a plan that is similar which is a lot of work on the major business of the company. On the other hand, EEOC stands for United States Equal Employment Opportunity Commission. It has an core objective of ensuring it safeguards the specific interests of every individual who are searching for employment opportunities through making sure it prevents any type of job discrimination in any available work place. It prevents any discrimination that might be as a result of color, caste, sex, nationality, religion, as well as disability in addition to others that are considered to be illegal. It also comes alongside punitive damages that are involved. Each employee considered to be having at least 15 workers in a company is actually covered in accordance with the law as well as the regulations that are provided by the EEOC plan (Gardner, 2021). The EEOC of the United States is the one that is known to be accountable for putting in place the guidelines that are meant to be utilized especially amidst the processes of employment tests and the selection procedures which tend to be used mainly during the promotion as well as hiring processes in a workplace. Another integral section within the given guidelines happens to be a medical tests form. Any employer is considered to be in the capacity , in accordance with the law to make any given conclusions that are in relation to hiring based on the results of a person’s medical report. This is so long as the test being done is an overall one and is to be used mainly for the profile purpose in addition to it being used on each available applicant. The EEOC plan is known to have its own advantages and disadvantages which are encountered by the employees and the institution as well. The advantages are: this is a beneficial plan some it ensures there is no discrimination that is practiced within any organizations’ workplace. It has also minimized to a great extent the discrimination practice because of the involved penalties. Another advantage is it provides opportunities that are equal and fair to every single employee within a work place. The associated disadvantage is that; with this plan in place, an employee has the capability of using it in form of a weapon against an employer and also framing them in a false way on discrimination charges (Schaaff, 2018). The two plans are considered to have a role that is of great significance as they ensure institutions function swiftly as they adhere to the regulations and rules that are enforced. These make the employers and employees to remain active and have complete knowledge in relation to what is needed from them. References Doerr, R. A. (2021). The Sixth Circuit Adds a Piece to the Puzzle of Pre-Dispute Employment Agreements. Ohio St. LJ Sixth Cir. Rev., 82, 1. Goldman, A. L., & Corrada, R. L. (2018). Labour Law in the USA. Kluwer Law International BV. Gardner, P. J. (2021). The Law: The Influence of the President in the Adoption and Enforcement of Private Rights of Action. Presidential Studies Quarterly, 51(1), 187-213. Schaaff, B. (2018). Using Federal Nondiscrimiantion Laws to Avoid ERISA: Securing Protection from Transgender Discrimination in Employee Health Benefit Plans. Duke J. Gender L. & Pol’y, 26, 45. Running head: EXECUTIVE SUMMARY 1 EXECUTIVE SUMMARY 2 Joyful Hospital Executive Summary Student Name Institution Affiliation Joyful Hospital Executive Summary Overview Credentialing a healthcare provider is the project process through which a medical organization verifies that potential service providers have the necessary licenses, qualifications, and abilities to offer high-quality patient care. To maximize profit, Joyful hospital is focused on the quality of care rather than the quality of service, as the emphasis on cheap care grows (Leung et al., 2020). As a result, the hospital readmission program is a set of policies targeted at improving healthcare quality and reducing readmissions. The focus and determination in the facility is directed towards getting the healthcare providers credentialed. The providers that undergo credentialing in the healthcare facility include the physicians, nurses, physical therapist, pharmacist and psychiatrist. The problem The problem is significant in a manner that the healthcare providers need to be credentialing in order to make sure that they meet the required standards. The healthcare providers and the healthcare facilities are not credentialed. The target audience includes the nurses, physicians, pharmacist, psychiatrist and physical therapists. The healthcare facilities are also targeted in order to be credentialed. By making sure that it has adhered to the requirements. The Solution The credentialing of the healthcare provider is important because it makes it possible to receive the in-network reimbursements from the insurance plans. The process of establishing that medical practitioners have the necessary qualifications to execute their duties is known as provider credentialing. This necessitates contacting a variety of organizations, such as medical schools, licensing boards, and other authorities, to ensure that the providers have the necessary licenses and certificates (Leung et al., 2020). Furthermore, the credentialing organization verifies that the providers have no previous known difficulties that indicate they are incapable of successfully treating patients. The standard application of the credentialing is done by applying the three phases that ensure that the information used for the process is accurate. There is the need for an on-site visit to ensure that the facility that we are using for the healthcare service is up to the required quality standard. There is the need to visit the site in order to make sure that the healthcare providers will be working in an environment that is favorable for offering care. The provider credentialing process takes three phases that include gathering information, checking the information and awarding the provider with credentials. A healthcare facility or health insurance plan may inquire about the providers background, licensure, schooling, and other credentials (Leung et al., 2020). The information can be sent via email or software in the form of a questionnaire. In some circumstances, a third-party entity known as a credentials verification organization (CVO) collaborates with the healthcare facility or insurance company to obtain and verify information. CVOs are frequently hired by companies to help with credentialing. In many circumstances, the background check will be done by the institution or the insurance provider (McMullen & Howie, 2020). They will communicate directly with licensing organizations, medical schools, and other bodies to verify the information provided by the provider. In other circumstances, the facility or insurance company may utilize credentialing software to monitor information made public online by licensing organizations and other groups. Verification checks may also be performed by the CVO. Many healthcare businesses rely on collaboration and work management tools to help them organize and record provider information, as well as receive automatic updates when credentials expire or need to be re-checked (Leung et al., 2020). The successful process of credentialing would result to the healthcare provider team to receive the NPI that verify their approval to offer healthcare services. The healthcare facility grants credentials to the provider after verifying all relevant credentials and finding no negative issues. After completing a similar process, the health insurance company can determine whether or not to approve the provider as an in-network provider (McMullen & Howie, 2020). In other words, the insurance company will reimburse the provider for treating patients who are covered by the policy. Highlights The image indicates the checklist of the requirements in order to have a successful credentialing of all the healthcare providers within the healthcare facilities. A healthcare provider would be considered credentialed after completing the requirements and meet the requirements. Key to Success The success of the project is achieved through a successful marketing and awareness processes through the social media platforms and also the organization website where all the healthcare providers can access. Finances The source of finances for the process is sourced from both the federal and state government that imposes the regulation about the credentialing. References Leung, T., Biskup, E., & DeWitt, D. (2020). Facilitating credentialing and engagement of international physician-migrants during the COVID-19 crisis and beyond. Rural And Remote Health. https://doi.org/10.22605/rrh6027 McMullen, P., & Howie, W. (2020). Credentialing and Privileging: A Primer for Nurse Practitioners. The Journal For Nurse Practitioners, 16(2), 91-95. https://doi.org/10.1016/j.nurpra.2019.10.015 2 Procurement Student’s name Institutional affiliation Course Instructor’s name Date Procurement Process Analysis Introduction The act of acquiring services and products, usually for commercial objectives, is known as procurement. Procurement typically represents the ultimate symbol of purchasing, but it may also mean the entire acquisition process, which is crucial for businesses before making their final purchase choice. Therefore, procurement plays an essential role in any industry. The role of procurement is to conduct purchases for an organization and ensure the availability of quality inventory at the right time. For a medical company developing an efficient procurement, the unit essentially enables the organization to comply with legal requirements and have quality stock for the businesss smooth running. To support efficiency and eliminate time wastage and the possibility of losing life, a medical facility needs to promote efficient stocking and a timely ordering process. In the article, we will discuss the crucial role that stocking and convenient ordering process play in determining the success of a health institution and later provide a step-by-step process through which one can avoid last-minute lack of stock situation like the one faced by Dr. Smiths. The importance of stocking For every business having optimum stock is one of the crucial aspects that would ensure the companys continuity and minimize hiccups. Stock or inventory represents the goods and merchandise kept on a business premise to enable and promote revenue generation through selling, manufacturing, and provision of services (Scheibel & Blackhurst, 2018). The medical industry is one of the crucial industries as it plays an essential role in determining the communitys quality of life. Therefore, it is necessary to conduct a thorough and prudent stocking process as it will help in reducing lead time and eliminating the possibility of running out of stocks. · Having optimum stock in an organization is critical as it helps promote productivity and efficiency in the workplace. Efficiency is improved within an organization when there is quality stock, as quality stock will help produce quality services or goods. · Stocking at the right time enables an organization to avoid time and money wastage. Time is wasted when employees have to wait for the product to be delivered before commencing their duties. · Furthermore, due to the short time available when a product is hastily required in an organization, the procurement unit is deprived of the requisite time to conduct a dynamic procurement process and embark on panic purchasing that is costly and runs the risk of acquiring substant goods. · Stocking also helps an organization improve its accuracy of purchasing and stock ordering process. Stocking involves the calculation of the consumption rate and factoring in the lead time. After that, an individual decides the volume of stock that is of the optimum level for a given period. This kind of planning gives the procurement unit the time to plan and conduct an effective procurement process. Importance of placing timely orders The ordering process represents acquiring goods and services to replenish the stock levels of an organization and avoid stockouts. · The importance of accurate and timely orders for a health organization is that it improves the organizations efficiency in the provision of its services (Bure et al., 2017). Medicines form the most significant component of the stocks in a medical setting. Therefore, having the proper supply of medication at the right time ensures the doctors perform their duties effectively. · In addition, placing timely orders ensures that an organization has ample time to conduct due diligence in the procuring process and avoid resources and time wastage. How to avoid last minute Stock-0uts To avoid last-minute stockouts, an organization must; · Develop, implement and maintain a minimum stock level unit. First, minimum stock level units enable an organization to prevent emergency stockouts. · Secondly, an organization must automate its stock control mechanisms that help in checking and notification of minimum stock levels. References Bure, V. M., Karelin, V. V., Polyakova, L. N., & Yagolnik, I. V. (2017). Modeling of the ordering process for piecewise-linear demand with saturation. Retrieved from https://dspace.spbu.ru/bitstream/11701/6968/1/02-Bure.pdf Scheibe, K. P., & Blackhurst, J. (2018). Supply chain disruption propagation: systemic risk and normal accident theory perspective. International Journal of Production Research, 56(1-2), 43-59. Retrieved from https://www.tandfonline.com/doi/abs/10.1080/00207543.2017.1355123 Running Head: EXECUTIVE SUMMARY 1 EXECUTIVE SUMMARY 2 Title Student’s name Instructor Course Date EXECUTIVE SUMMARY Overview A manager has very many roles that he/she has to perform for the success of an organization. Technology is one of the aspects that are today used in the healthcare field in order to improve efficiency and to increase the patients’ satisfaction. The role of managers and technology Overview: The primary role of healthcare managers is to provide an environment that will help give quality healthcare and maximum profit. Therefore, the manager has a role of budgeting, ordering supplies, and understanding standards and technology, among other roles. Healthcare management has a very critical role in the change management that accompanies the implementation of IT applications (Crawford, et al., 2019). Problem: by the managers relying 100\% on technology to do everything, it makes them not to take an effort to follow through. Trusting the technological innovations becomes dangerous because incase of failure, one may not be able to undertake these processes. Solution: The management has a significant role in leading, establishing the company vision, communicating, managing trust, planning for the change, and implementing the change. Therefore, it is the role of a manager to put in place strategies that will help minimize the occurrence and severity of factors that may threaten or may undermine the change. Due to the increased safety records and satisfaction rates, consumers can access detailed information on hospitals.  Key to success: patients should be more open to using telehealth due to the benefits realized. Ways to improve healthcare outcomes and reduce costs Overview- In the 21st century, medicine is very highly dependent on technological innovations. Health IT has many opportunities that can help dramatically improve healthcare delivery by changing the way healthcare is financed to efficiency enhancement. Problem: people will in most cases visit the healthcare facilities even with the slightest problems that can be treated at the comfort of their homes. This increases congestion and costs both for the patients and the medical facilities. The solution: Telehealth is an excellent example of how technology can be used to improve care and reduce costs (Barbosa, & Silva, 2017). With telehealth, patients do not have to visit the hospital for weight and blood pressure monitoring services. Doing this remotely helps save time and resources both for the patient and the organization. The patients can also be able to can reach the clinic’s video conferencing, and upon explaining their symptoms, they can quickly know whether to go to the hospital or not. This means that the hospital can reduce congestion through this technology as only severe cases will be referred to the hospital. By making the patient more informed, the healthcare can be less costly, quick, and quality.   The use of telehealth has continued to increase rapidly due to its efficiency and cost reduction. Deficiencies in the clinical use of technology Overview: not having the required knowledge to handle the technological devices is one of the biggest issues today. This is especially because the technology is evolving at a very high rate. The problem: With increased technology, the healthcare industry is changing rapidly. There are also a lot of issues that comes with the technological changes. One of them is the security concern. The solution: the healthcare workers should receive adequate training regarding the new equipment and systems. Suppose there is no enough training and education. In that case, there is a considerable likelihood of making errors that may be very detrimental to the patients. As new equipment comes, the healthcare workers should be educated on how they are supposed to maximize its use and realize quality healthcare. key to success: adequate training regarding the new equipment and systems Technology and medical errors Overview: Many patients die every year in the United States due to medical errors, many of which can be prevented. An excellent example of such errors is medical administration errors. The problem: there are many errors that occur during the feeding of information into the various systems that are used in the healthcare. The solution: There is a great importance of having a culture of safety that focuses n the improvement of systems by looking at the medical errors as a challenge that should be conquered. Every person in the healthcare system must ensure that the safety of the patients and the healthcare workers are well looked at. EHR is very vital in enhancing the collection and displaying of lab results in a significant way. As a result, an organization can improve the quality of health care o their patients. (Lee, & Blanchfield, 2018) Key to success: it is important that the information that is entered into the healthcare systems is counterchecked. Concentration on profit margins Overview: Healthcare facilities that area in concentrated markets charges higher and earns higher margins of profits as compared to healthcare facilities that are in competitive markets. The problem: Highly proficient organizations in highly concentrated markets have lower distress risks. The contribution margins are very high in concentrated markets than competitive markets. The solution: The documentation process is very pertinent to health care. It helps give the correct coding and billing, thus ensuring that there is proper reimbursement Key to success: it is important to ensure that coding and billing is done accordingly to avoid errors. References Barbosa, I. D. A., & Silva, M. J. P. D. (2017). Nursing care by telehealth: what is the influence of distance on communication?. Revista brasileira de enfermagem, 70(5), 928-934. Crawford, S., Kushner, I., Wells, R., & Monks, S. (2019). Electronic health record documentation times among emergency medicine trainees. Perspectives in health information management, 16(Winter). Lee, V. S., & Blanchfield, B. B. (2018). Disentangling health care billing: for patients’ physical and financial health. Jama, 319(7), 661-663.