You are a senior manager at a major health care provider in a competitive environment.

March 25, 2023March 25, 2023 Discipline: Other

This what I need

You are a senior manager at a major health care provider in a competitive environment. The CEO of the medical center informs you that the board of directors has asked that monthly reporting not be limited to financial projections and budget-to-actual reports. Rather, the board is becoming concerned with evaluating the medical center’s performance on value. The board still has a fiduciary responsibility to ensure the financial health of the organization, but members are increasingly concerned with value provided and not just cost. The CEO asks you to advise her on what she should propose to the board for such monitoring of value.
1. Why might the board of directors want to monitor value?
2. What indicators would you recommend to the CEO?
3. How would you gather data and evidence that might suggest increasing value for cost?
4. How would you measure success in these value-for-cost efforts?
It needs to be one pager.

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