IHP 450 Final Project Milestone Two Short Paper.docx

Healthcare organization keep in good standing with

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healthcare organization keep in good standing with their employees and vendors as well as their creditors. So in order to implement the EHR system we will definitely need both employees and inventory and so much more in working capital. In addition to Working Capital, we will also need to utilize the Classification of the Cost Elements. The classification of cost elements is simply the costs for the EHR system and all of
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2 the elements broken down into logical groups. According to Glaser (2014), “ understanding the precise costs for every encounter, procedure or episode of care is essential in managing the delivery of services. Precision allows accurate assessments of the profitability of individual service lines, provider relationships or clinical management of a subset of an organization's population”. Another important factor is utilization trends, especially within the health care organization area. It’s extremely important for a health care organization such as VFC to monitor utilization trends. By monitoring trends both outside and inside the organization will help to measure the healthcare services which includes VFC’s resources. The utilization of trending is
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  • Fall '18
  • Revenue Cycle Management, VFC

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