Cost Control Policy

All health care organizations THAT PROVIDE DIRECT PATIENT CARE must be aware of cost controls, regardless of nonprofit or for-profit status. Managing costs at all levels of the organization affects the bottom line, which has a direct effect on all aspects of the organization. This assignment is designed to help you analyze why organizational policies are put in place.

 

Find a facility-specific policy at a health care organization (St. Francis Medical Center-Richmond, VA) THAT PROVIDES DIRECT PATIENT CARE related to cost controls.

 

Summarize the details of the organizational policy:

  • When was the policy put in place?
  • Was it adopted system-wide, in one department, or multiple departments?
  • What does the policy address?
  • What are potential ramifications of not following the policy at the organizational level? Unit level? Individual level?

 

Explain how the policy impacts fiscal aspects of the organization:

  • How does the policy act as a cost control?

 

Describe how the policy impacts the quality of patient care:

  • Does the policy improve efficiency?
  • Are the goals to improve care and reduce cost?

 

Explore the unintended consequences:

  • What secondary affects does the policy have on the organization? Unit? Staff? Patient?
  • Does the policy need revision?

 

Suggest alternatives to the policy:

  • In your opinion, is the policy the best way to address the issue? Support your position by explaining why or why not.

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