Reference no: EM133577595

Assignment: Rough Draft

According to the text, a significant amount of revenue that the health care industry generates can be linked directly to the care that physicians provide for their patients. In addition, physicians in a medical practice add to this revenue stream by admitting patients to a hospital, prescribing prescription medication, ordering home health services and medical equipment, and referring their patients to other health care providers for care and treatment.

This is the development of the operations plan to guide you in managing the practice and leading the staff.

Develop your operations plan. It should be 3 to 4 pages and include at least two quality academic resources in which you:

Question I. Explain what you need to know about accounting and budgeting as a practice leader.

Question II. Compare the two levels of financial benchmarking (i.e., internal comparison and external comparison), and explain the strategic purpose and importance of benchmarking as a financial tool for a medical practice.

Question III. Explain the role telehealth and telemedicine services have in medical group practices and how they affect patient care safety and quality. Support your response.

Question IV. Recommend a health information technology (HIT) system that includes an electronic health record (EHR) for the new practice to implement, and include three main benefits of having the HIT system.

Question V. Propose a strategy to mitigate the impact of a specific hazardous risk associated with one of the risk categories; property (general liability and safety), technology, or financial practices could have on the practice. Support your proposal with a real-life example.