DNRS 6211 Week 2 Assignment 2 Healthcare Budget Request

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Student name

Capella University

DNRS 6211: Finance and Economics in Healthcare Delivery

Professor Name

Submission Date

Executive Summary

• Healthcare Issue/Opportunity

Health Ways Clinic has realized that there is increasing need to manage chronic diseases better and especially among patients with such conditions as diabetes, hypertension, and heart disease. Their conditions require them to be under constant medical attention so that they do not require frequent hospitalizations and emergent care services. Currently, there is no system that would enable tracking of the condition of patients at home and observe the fluctuations in their vitals outside the doctor appointment.

This gap indicates that there is an opportunity of enhancing patient care, preventing unnecessary readmission and enhancing the system in its entirety in the provision of care. A proposed Remote Patient Monitoring System (RPM) is a technical solution to the Rural Health Delivery System, which implies that the patients can be monitored and provided with interventions at any given time (Acharya et al., 2023). RPM technology enables medical professionals to have a solution to monitor vital signs of individuals remotely, ensure patients with chronic conditions are in line with the healthcare facilities and to release them.

• Stakeholder Groups Impacted

The proposed remote patient monitoring system will have some important stakeholders directly affected. The patients require close monitoring so as to maximize their care and avoid unexpected scenarios like hospitalization or ER visit. Currently, there is no system that would enable tracking of the condition of patients at home and observe the fluctuations in their vitals outside the doctor appointment. The issue also affected healthcare providers because the increased amount of readmission rates can also result in the increased workload and burnout which will directly affect their performance.

The gap indicates that there is a possibility of enhancing patient care and prevent unnecessary readmission and improve the system as a whole in providing care (Thomas et al., 2021). A technical solution to the Rural Health Delivery System is a proposed RPM, which implies that patients are monitored and provided with interventions at all times. RPM technology enables medical professionals to have a solution to monitor vital signs of individuals remotely, ensure patients with chronic conditions are in line with the healthcare facilities and to release them.

The administration and the leadership of the clinic are also stakeholders in that they will want to ensure that resources are maximized, patients outcomes improved and the costs involved in cases of emergent care are minimized. Moreover, patients have family members and caregivers who receive reassurance and support due to the increased levels of monitoring the health of their loved ones. Lastly, the impact is on the technology vendors and payers (e.g. the insurance companies) since the effective implementation of RPM will put pressure on the demand of the services provided, and will prove cost-efficient in managing chronic diseases.

• Stakeholder Groups Responsible for Addressing the Issue

The involvement of several stakeholder groups will be critical in the support of the given healthcare issue. The CEO and CFO of the clinic to endorse the capital investment that needs to be expended on the RPM system and the financial capacity of the clinic will be handled accordingly. With physicians and nurse practitioners, one will have to organize the dynamics between the system and implement it into the care delivery model (Salehi et al., 2020). Clinical staff will engage in observation and measurement of the patients and then make necessary action using such data. That is, the IT department ensures the incorporation of the system into the technological environments of the clinic, its successful operation and safety are also provided.

Lastly, the clinic needs to create high patient awareness regarding the new service and high rate of patients utilizing the new service, the marketing and outreach teams of the clinic will spearhead this task. IT specialists and the clinic administrators play an essential role in the choice, implementation, and maintenance of the technology in such a way that it fits the clinic operations and canon (Salehi et al., 2020). They could, e.g., supervise employees training about the RPM system and make sure that their data security regulations comply with the HIPAA standards. These organizations are more directly involved in the provision and administration of care, and as such are very critical in the effective implementation and usage of RPM to enhance the outcome of chronic disease patients.

• Proposed Healthcare Product/Service

In order to fill the gaps in management of chronic diseases, I would offer the implementation of a RPM service. It will allow HealthWays Clinic to monitor the vital signs of patients, such as the blood pressure, pulse rate, blood glucose level, and the weight of patients through wearable devices and smart applications. These machines will be relaying real-time information to the medical practitioners in the clinic hence enabling them to determine patient condition, and, where necessary, proactively control the situation.

This plan will come in handy to amplify the beneficial outcomes of patient satisfaction by eradicating the number of complication incidences and subsequently reduce hospitalizations and admissions and, consequently, control costs (Taylor et al., 2021). The choice of RPM implementation is in line with the existing trends of the digital heath development and telemedicine that introduces the image of a caring, patient-focused clinic to HealthWays. Under such a system, HealthWays will be able to deliver quality services and maintain control over cost simultaneously which makes the option significant to the clinic.