Saint Leo University Health Information Systems Paper

Part (1) Must be around 1000 words and APA style formatting. The attachment that is labeled chapter 2 completes with this assignment. All 4 questions should be answered about Interwest Healthcare Corp. Use the module 1 terminology attachment. And use in text citations. Use websites and/or professional journals. Must be 2 or more.

Interwest Healthcare is a nonprofit organization that owns 10 hospitals located in three western states. Cynthia Manzoni is Interwest’s CFO. Vijay Singh, and the administrations of 10 hospitals report to Manzoni.

Singh is deeply concerned because the hospital staffs are not being careful when entering data into the firm’s management information system. This data involves information on patient intake, treatment, and release. The information system is used to compile management reports such as those relating to the costs of various treatments. Also, the system is used to compile reports that are required by the federal government under various grant programs. Singh reasons that without good information, the management and government reports are less useful and potentially misleading. Moreover, the federal government periodically audits Interwest and might discontinue aid if the reports are deemed inaccurate. Thus, Singh is worried about the managerial implications and the potential loss of federal funds.

Singh has convinced Manzoni that a problem exists. She also realizes the importance of an accurate system for both management planning and maintaining federal aid. Six months ago, she invited the hospital administrators and staff members from the corporate financial office to a retreat at a resort. The purpose was to communicate to the hospital administrators the problems with the data entry and to stress the importance of doing a better job. The meeting was acrimonious. The hospital people accused Singh of being a bureaucrat who did not care about patient services. Singh accused the hospital staffs of not understanding the importance of accurate reporting. By the end of the meeting,

Manzoni thought that she had a commitment by the hospital administrators to increase the accuracy of data entry at their hospitals. However, six months later, Singh claims that the problem is as bad as ever. Manzoni has hired you as a consultant to analyze the problem and to make recommendations that might improve the situation.

1.What are the potential sources of the problem?
2. What information would you want to analyze?
3. What actions might you recommend to in-
crease the accuracy of the data entry?
4. How does your view of behavior affect how
you might address this consulting assignment?

Part 2. Should be between 500-1000 words. Use in text citations. Use the Chapter 4 to help with this. And use module 2 terminology to help write the paper. Use multiple websites and/or professional journals. Must be 2 or more. Setting Tuition and Financial Aid is the story in the Chapter 4 attachment.

The Board of Ursinus College in Pennsylvania raised its tuition and fees 17.6 percent to $23,460 in 2000. It subsequently received 200 more applications than the year before. The president of the college surmised that “applicants had apparently concluded that if the college cost more, it must be better.” Other colleges that raised tuition to match rival colleges in recent years include University of Notre Dame, Bryn Mawr College, Rice University, and the University of Richmond. They also experienced an increase in applications. In contrast, North Carolina Wesleyan College lowered their tuition and fees about 10 years ago by 22 percent and attracted fewer students. The college president concluded that “it didn’t work out the way it had been hoped. People don’t want cheap.”

You are hired as a consultant to a President of a liberal arts college in the East. You are asked to evaluate a recommendation by the college’s Admissions Director, Susan Hansen, to increase tuition and to reduce financial aid to students. Susan argues that the data from competing colleges suggest that the demand curves for colleges slope upward—the quantity demanded increases with price. Susan projects that the increase in tuition and reduction in financial aid will solve the school’s financial problems. Last year, the college enrolled 400 new students who each paid an effective tuition of $15,000 (after financial aid), totaling $6,000,000. She projects that with the increased demand from charging an effective tuition of $25,000, the college will be able to enroll 600 new students (of equal or better quality), totaling $15,000,000. Evaluate Susan’s analysis and recommendation.

Part 3. Use in text citations and should be around 500 words. Should be at least 2 references preferably websites and/or professional journals.

Every time we have to make a choice, we are faced with an opportunity cost. Using an example in your professional life, identify a situation where you were presented with a choice, the opportunity cost of the choice you made, and the process you used to make your choice. As part of your discussion, explain whether or not responsible stewardship played a role in your choice. Remember to use the appropriate economic concepts and terminology that are applicable to your answer. I am a General Manager in fast food.
Part 3(a) Use in text citations should be between 250-500 word responses. Should be at least 2 references using websites and/or professional journals. This is the discussion response. Don’t reiterate what was already said, add to it.

As a laboratory manager, I should always consider the impact of implementing new technologies in the microbiology department. In the competitive, highly regulated business climate in the life science industry, companies are challenged to find creative ways to lower their costs without compromising the goal of producing high-quality products while maintaining regulatory and compliance standards required by the industry (Macneill, 2008).
By understanding the costs associated with instrument and equipment ownership throughout the entire life cycle, laboratories can save money, increase performance, and improve workflow. About five years ago, we were in the process of evaluating two different mass spectrometers for faster bacterial identification. We were not only assessing the associated costs with the implementation of this technology but also ease of use, brand reputation, features and specifications, and availability. Instrument A had a smaller footprint (tabletop) and cheaper reagents but a smaller organism identification database. Instrument B, although larger, had a more extensive database and better result turnaround time due to less isolate manipulation.
Implicit (instrument and preventive maintenance) and explicit (quality compliance, consumables, and workflow) costs related to the implementation were reviewed. The opportunity cost between the two instruments in question was also analyzed. It was essential to evaluate this economic factor; Brickley et al. (2021) stated that the opportunity cost of using a resource for a given purpose is its value in its best alternative use. In simpler terms is what we would be giving up for choosing what we choose. While both instruments provided significant testing reduction times, we went with instrument B with the largest footprint but better workflow, more extensive database, and brand reputation.
By practicing responsible stewardship and evaluating opportunity cost, we were more aware of the tradeoffs we were faced with. I would say that responsible stewardship played an essential role in deciding on the instruments that would improve workflow and reduce waste in the workplace.
Brickley, J. A., Smith, C. W., & Zimmerman, J. L. (2021). Managerial economics and organizational architecture (7th ed.). McGraw Hill.
Macneill, D. (2008). Laboratory technology: Total cost of ownership. Lab Manager: Run Your Lab Like a Business, 3(2).

Part 3(b) Use in text citations should be between 250-500 word responses. Should be at least 2 references using websites and/or professional journals. This is the discussion response. Don’t reiterate what was already said, add to it.

What is opportunity cost? Opportunity cost is the value of the resource in its next best alternative use. Regarding my professional life, I lead with the mindset of growth. That is, my current abilities are everchanging through dedication and hard work. Through the dedication that I have endowed to my current employer, I have developed into the leader that I am today. Despite the guidance and life-lessons that I have obtained through the years, I was offered an opportunity that led me to analyze the opportunity cost.

Through the seven years that I have devoted to the company of Chick-fil-a, I have proudly made my way to the position of assistant manager. The responsibilities of this position consisted of managing daily operations throughout the restaurant. Though this position allowed me to learn and gain the knowledge I have now after years of doing the same thing I felt that I outgrew the position which made me become complacent. I was Recently offered a position within a department that I could offer a different avenue of skillset and leadership. Being comfortable in the position that I have known for seven years and knowing where I stood in the company exposed that as the opportunity cost. Becoming uncomfortable in a new position and starting from the bottom is what I’m willing to do to professionally grow and be a part of something bigger.

References

Brickley, J. A., Smith, C. W., & Zimmerman, J. L. (2021). Managerial Economics and

Organizational Architecture (7th ed). McGraw-Hill Education.

How opportunity cost can help you make better decisions (with examples). Indeed, Career Guide. (n.d.). from https://www.indeed.com/career-advice/career-development/opportunity-cost-examples

Part 3. Use in text citations and should be around 500 words. Should be at least 2 references preferably websites and/or professional journals.

What factors must a firm consider when deciding to raise or lower its price? In answering this question think about the content in Chapters 3 and 4 and use a real-world example that helps illustrate your answer.

Module 4 is the attachment for this.