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HCAD 640 UMDC Financial Ratios and EHR Documentation Discussion

HCAD 640 UMDC Financial Ratios and EHR Documentation Discussion

Peer 1: I like that you consolidated different assessment criteria from multiple researchers. I think that makes your tool more comprehensive. I also like that you laid each criterion out in table format, which makes completing a data check a much more linear process, like filling out a checklist. When researching tools for this week’s discussion I was surprised to found how often poor record keeping ended up being a major factor in healthcare litigation cases. Keeping accurate and up-to-date records not only buffers a facility against malpractice allegations, but is vital for clear-cut communication between providers and patients, as well as communication between different providers in varying facilities or between different departments (Abdelrahman & Abdelmageed, 2014).  Your tool most definitely encompasses the necessary criteria for the most efficient upkeep of medical records. If you had to shorten your list of criteria for the sake of reducing the complexity of your tool, what would you say are the top 3 most important aspects you would keep? References: Abdelrahman, W., & Abdelmageed, A. (2014). Medical record keeping: clarity, accuracy, and timeliness are essential. BMJ, 348, f7716. https://doi.org/10.1136/bmj.f7716  Peer 2: Re: ‘Data quality is the extent to which the data set meets the requirements of the user. According to Green et al. (2014), there are three main assessment criteria for measuring data quality: completeness, accuracy, and consistency.’  This post is very informative. The discussion is great, and I enjoyed reading it. I would like to comment on this portion of your contribution. Though I believe that the quality of data, and as well as the quality of information for this matter, is not just limited to the extent of a data set meeting the needs of the user completely, accurately, and consistently, I agree with your point when these assessment criteria characterize data quality. The user, such as the patient, would greatly benefit, health-wise as reflected on positive health outcomes, safety, and satisfaction. Ascertaining more data quality characteristics are met provides a better quality of healthcare and care delivery of a healthcare facility or organization.  References: AHIMA Work Group. (2013). Integrity of the Healthcare Record: Best Practices for EHR Documentation (2013 update). Journal of AHIMA, 84(8), 58–62 [extended web version]. https://library.ahima.org/doc?oid=300257#.Yf7qAprMLtR  What is a Quality Measure | CMS. (n.d.). Www.cms.gov. https://www.cms.gov/Medicare/Quality-Initiatives-Patient-Assessment-Instruments/MMS/NTM-What-is-a-Quality-Measure-SubPage HCAD 640 Discussion: Financial Ratio Analysis: (Please respond in 100 words minimum for this) Peer 3:Great post! The tracking of a few key ratios is essential, but many smaller, more comprehensive operational ratios are frequently overlooked. Instituting a streamlined operation for monitoring fine details on a regular manner is critical to achieving high levels of precision tracking. It is critical for health care organizations to keep track of and analyze financial ratios on a regular basis. These ratios indicates where the production costs are flowing, they assist in cash flow management and serve as a great starting point for interpreting profitability. Accounting for financial ratios is useful for a wide range of organizations, from privately owned practices to large healthcare systems (Lazzari, 2018). Reference: Lazzari, Z. (2018, May 19). What is the importance of financial ratios in healthcare organizations? Azcentral. https://yourbusiness.azcentral.com/information-financial-ratios-trucking-industry-27250.html  Peer 4: You discussed some critical elements of the different ratios that can indicate how well (or not) a company is performing financially and operationally. When evaluating companies’ financial and operational stability, particularly for investment opportunities, it is important to do so in the context of their own sector, because organizational attributes can vary by industry; therefore, different financial ratios are better suited to analyzing certain sectors than others. For example, airline companies tend to be capital-intensive and rely heavily on capital- investments to increase revenue and profit. Whereas healthcare entities are more labor-intensive and rely heavily on training and resource-utilization to increase quality and efficiency, which correlates to strong financial performance when utilizing a Balanced Scorecard. (Amir, et.al., 2021). Over the past few decades there has been steady growth of corporate interest and influence in the healthcare sector, which has produced a more business-oriented healthcare system that is heavily influenced by aspects of for-profit and private equity investments. Some who champion this trend say it: makes the healthcare system more efficient, encourages innovation, and provides financial stability to ensure assess and improve care delivery. Opponents counter that this trend favors profit-over-care and erodes the patient-doctor relationship. (Crowley, et.al., 2021). Either way, HCOs, healthcare leaders, including physician practices, can evaluate and strengthen the financial health of their organization by learning how to analyze information on various financial statements (current and past) as you indicated. References: Amer, F., Hammoud, S., Khatatbeh, H., et al. (2021). The deployment of balanced scorecard in health care organizations: is it beneficial? A systematic review. BMC Health Serv Res 22, 65 (2022). https://doi.org/10.1186/s12913-021-07452-7 Crowley, R., Atiq, O., Hilden, D., et al. (2021). Financial Profit in Medicine: A Position Paper from the American College of Physicians. Annals of Internal Medicine. 2021; 174:1447-1449. doi:10.7326/M21-1178

Mastering the Art of Online Learning: Your Guide to Acing Online Courses

Mastering the Art of Online Learning: Your Guide to Acing Online Courses

Introduction

In recent years, the popularity of online courses has skyrocketed, offering learners the flexibility to acquire new skills and knowledge from the comfort of their homes. However, succeeding in online courses requires a different approach compared to traditional classroom settings. To help you make the most of your online learning experience, this article presents essential strategies and tips to ace your online courses.

1. Set Clear Goals and Plan Ahead

Before embarking on an online course, establish clear goals and objectives. Determine what you hope to achieve by the end of the course and break down your goals into manageable milestones. Create a study schedule that aligns with your other commitments, ensuring you allocate dedicated time for coursework, assignments, and revision.

2. Create a Productive Study Environment

Establishing a conducive study environment is crucial for online learning success. Find a quiet, well-lit space where you can concentrate without distractions. Remove any potential interruptions, such as notifications from social media or email. Organize your study materials and have a reliable internet connection to ensure seamless access to course materials.

3. Actively Engage in the Course

Active participation is key to mastering online courses. Engage with course materials, including videos, readings, and interactive components. Take comprehensive notes, highlighting key concepts and ideas. Participate in discussion boards, forums, and virtual meetings to interact with instructors and peers, fostering a sense of community and enhancing your understanding of the subject matter.

4. Manage Your Time Effectively

Online courses offer flexibility, but it’s essential to manage your time wisely to avoid falling behind. Create a detailed schedule, allocating specific time slots for coursework, assignments, and studying. Break down larger tasks into smaller, manageable segments to prevent procrastination. Prioritize tasks based on deadlines and dedicate focused time to each one, ensuring consistent progress throughout the course.

5. Develop Effective Communication Skills

Online courses often rely on written communication, making it crucial to hone your skills in this area. Be concise and clear in your written responses, paying attention to grammar and spelling. Actively participate in discussions, asking thoughtful questions and providing constructive feedback to your peers. Regularly check your course emails and notifications, ensuring you stay updated with any important announcements or changes.

6. Utilize Available Resources

Take full advantage of the resources provided by your online course platform and instructors. Familiarize yourself with the learning management system (LMS) and explore its features. Access supplementary materials, such as textbooks, lecture slides, and external resources recommended by instructors. Utilize online libraries, research databases, and tutorial services to deepen your understanding of the subject matter.

7. Stay Motivated and Engaged

Maintaining motivation throughout an online course can be challenging, particularly when faced with competing priorities or a lack of face-to-face interaction. Set short-term goals and reward yourself upon their completion. Connect with fellow learners through virtual study groups or online forums to foster a sense of camaraderie. Regularly remind yourself of the benefits and personal growth associated with completing the course successfully.

8. Seek Support and Clarification

Don’t hesitate to seek support or clarification when needed. Reach out to your instructors for guidance or clarification on course material. Utilize online discussion forums to ask questions or engage in collaborative problem-solving. Leverage the support services provided by your course platform or institution, such as technical support or academic advising.

Conclusion

Online courses present unique opportunities for self-paced learning and personal growth. By setting clear goals, creating a productive study environment, actively engaging with course materials, and managing your time effectively, you can maximize your chances of acing online courses. Remember to stay motivated, seek support when needed, and make the most of the available resources. Embrace the flexibility and adaptability of online learning to achieve your educational goals.


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