Quality translates into the ability to do a better job of producing quality goods and is critical when improving the efficiency of individual workers thereby allowing a company to become more competitive (Davis & Goetsch, 2010). The field of healthcare must improve its operations, technologies and human capital to ensure quality, competitiveness and ensure patient safety. Therefore, healthcare must adopt new and improved methods, technology and equipment to advance within their field. Healthcare systems have not been receptive to new technology and therefore have received products and services that were pushed onto them by the industry but new medical devices takes an average of 17 years for only 14% of the discoveries in medical technology
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(2002). Strategic Asset Management: Alternatives for Capital Acquisitions. Hfm(Healthcare Financial Management), 56(11), 72-75.
Davis, S. B., & Goetsch, D. L. (2010). Quality Management for Organizational Excellence (6th Ed.). P.4-6. Prentice Hall
Herzlinger, R. (1994). The quiet health care revolution. Public Interest, (115), 72-90.
Vowden, P. (2015). Emerging targeted technology to address unmet clinical needs – Implementing a development and adoption strategy. EWMA Journal, 15(1), …show more content…
In addition, despite the hospital having limited financial resources and being small should not be a limiting factor for quality and patient safety. Outdated equipment, visual reads and out of range hematology readings could result in the patient receiving wrong medication, incorrect diagnosis, and unnecessary test, lost of credibility, providers and financial revenue. Also, this could open the health care facility to lawsuits. Although during tough times, quality initiatives are often the first to be cut, however, quality will reduce cycle time, warranty cost, reduce scrap and provided enhanced results (Davis & Goetsch, 2010). Most of the out of date lab test require the lab technician to perform a visual read thereby interpretation is not standard. New lab-quality technology would provide quality at point of care, decrease time between sample-to-results, automated QC, provide documentation for regulatory compliance, run diagnostic test, reduce errors, require not special training (CLIA-waived) and enhance integrated decision-management capabilities (How could we…laboratory, 2008). In addition with a single sample, multiple diagnostic test could be performed simultaneously resulting in a basic metabolic panel, critical care parameters, coagulation, specific clinical-chemistry analysis, immunoassay and molecular diagnostics and provide an actionable report
(2002). Strategic Asset Management: Alternatives for Capital Acquisitions. Hfm(Healthcare Financial Management), 56(11), 72-75.
Davis, S. B., & Goetsch, D. L. (2010). Quality Management for Organizational Excellence (6th Ed.). P.4-6. Prentice Hall
Herzlinger, R. (1994). The quiet health care revolution. Public Interest, (115), 72-90.
Vowden, P. (2015). Emerging targeted technology to address unmet clinical needs – Implementing a development and adoption strategy. EWMA Journal, 15(1), …show more content…
In addition, despite the hospital having limited financial resources and being small should not be a limiting factor for quality and patient safety. Outdated equipment, visual reads and out of range hematology readings could result in the patient receiving wrong medication, incorrect diagnosis, and unnecessary test, lost of credibility, providers and financial revenue. Also, this could open the health care facility to lawsuits. Although during tough times, quality initiatives are often the first to be cut, however, quality will reduce cycle time, warranty cost, reduce scrap and provided enhanced results (Davis & Goetsch, 2010). Most of the out of date lab test require the lab technician to perform a visual read thereby interpretation is not standard. New lab-quality technology would provide quality at point of care, decrease time between sample-to-results, automated QC, provide documentation for regulatory compliance, run diagnostic test, reduce errors, require not special training (CLIA-waived) and enhance integrated decision-management capabilities (How could we…laboratory, 2008). In addition with a single sample, multiple diagnostic test could be performed simultaneously resulting in a basic metabolic panel, critical care parameters, coagulation, specific clinical-chemistry analysis, immunoassay and molecular diagnostics and provide an actionable report