This paper addresses the importance of engaging patients with resources and new technology. However, the explanation of why new innovation is important along investment recommendation and allocation decision will give insight into the breakeven analysis. While Champion Healthcare is moving forward and implementing Electronic Health Record (EHR) its mission is to tackle how important it is for an organization to increase patient quality of care, increase revenue, integrate adaptability, enhance productivity, provide information availability, and decrease medical errors. Furthermore, the Champion Healthcare has decided to implement newly innovated technology that will move their organization into the 21st century. EHR have emerged through the
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However, measuring the financial aspects and or obligations of an organization consist of its earnings, assets, expense, debt, and cash flow. Champion Healthcare course of action from a financial aspect includes measuring past data and predicting its future profits. Moreover, the question remain will implement an EHR deem feasible and what are the advantages. Financially the EHR will indicate potential growth regardless of its barriers. Also, in an organization resources are what are utilized to demonstrate the company ability to maintain effectively and efficiently. Besides, updating resources in an organization allows room for improved profitability, open the company up to different streamlines of revenue, cut cost, and eliminate waste. Financially having available resources increases productivity levels, offer solutions, reduce problems associated with lack of visibility, and provides relief from adverse effects that relate to risk management. Nevertheless, In the realm of allocating resources, the patients will be exposed to different components that will engulf a body of …show more content…
however, the consequences of developing and coordinating innovation can earmark the success of an organization. HSO’s partake in implementing innovation to attack or retain customers or staff. By the Champion Healthcare updating its technology it will be leaning on the edge of health care and will now how an advantage over its competitor. Hence, new technology within any organization can deem complex in the beginning. For example, within the Champion Healthcare requesting each facility to start engaging patients to become aware of their health care needs all stems from a new perspective. Consequently, as Champion Healthcare facilities start to accept the new concepts the organization then will see growth and new ideas will be formed. Sustainability of technology will allow the organization to push the new idea of implementing the new patient portal. Moreover, for all organization executing a new idea, it starts with a test and the readiness to a commitment to continue to involve the participation of all staff and patients. The bottom line of Champion Healthcare and all HSO’s are to create necessary resources that are essential to improving quality and its existing
However, measuring the financial aspects and or obligations of an organization consist of its earnings, assets, expense, debt, and cash flow. Champion Healthcare course of action from a financial aspect includes measuring past data and predicting its future profits. Moreover, the question remain will implement an EHR deem feasible and what are the advantages. Financially the EHR will indicate potential growth regardless of its barriers. Also, in an organization resources are what are utilized to demonstrate the company ability to maintain effectively and efficiently. Besides, updating resources in an organization allows room for improved profitability, open the company up to different streamlines of revenue, cut cost, and eliminate waste. Financially having available resources increases productivity levels, offer solutions, reduce problems associated with lack of visibility, and provides relief from adverse effects that relate to risk management. Nevertheless, In the realm of allocating resources, the patients will be exposed to different components that will engulf a body of …show more content…
however, the consequences of developing and coordinating innovation can earmark the success of an organization. HSO’s partake in implementing innovation to attack or retain customers or staff. By the Champion Healthcare updating its technology it will be leaning on the edge of health care and will now how an advantage over its competitor. Hence, new technology within any organization can deem complex in the beginning. For example, within the Champion Healthcare requesting each facility to start engaging patients to become aware of their health care needs all stems from a new perspective. Consequently, as Champion Healthcare facilities start to accept the new concepts the organization then will see growth and new ideas will be formed. Sustainability of technology will allow the organization to push the new idea of implementing the new patient portal. Moreover, for all organization executing a new idea, it starts with a test and the readiness to a commitment to continue to involve the participation of all staff and patients. The bottom line of Champion Healthcare and all HSO’s are to create necessary resources that are essential to improving quality and its existing