Practicum Project: Reducing Healthcare Costs

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Added on  2021/04/16

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AI Summary
The assignment is a practicum project that aims to reduce healthcare costs by analyzing four hospitals' practices, identifying areas of waste, and proposing effective plans for professional development. The project involves conducting a survey, evaluating procedures, tracking excellence measurements, and developing a three-year action plan. The goal is to provide a comprehensive report on strategies for cost cutting in the medical field.

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Running Head: PRACTICUM PROJECT
Practicum Project
Name of the Student:
Name of the University:
Author Note:

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PRACTICUM PROJECT1
Executive Summary:
This report will provide a brief outline of the fact findings from the significant case
studies of the hospitals. This is aiming to focus on the strategies to cut down hospital high health
cost. This can be stated that this report requires to highlight the matter of decreasing the
significant waste in funds associated to avoidable tests. This can be said that it will record the
reflection of the program experience and the specific practicum assignment. This report will also
discuss effective plans and prospects in terms of development in the significant professional
filed. It will also attach a five year action plan in order to developing the professional
circumstances and consequences.
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PRACTICUM PROJECT2
Table of Contents
Introduction:....................................................................................................................................3
Discussion:.......................................................................................................................................3
Reflect on my program experience and my practicum project....................................................3
Plans and opportunities for professional development:...............................................................4
Action Plan for three years..........................................................................................................5
Conclusion:......................................................................................................................................5
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PRACTICUM PROJECT3
Introduction:
I have found from different journals and articles that every single year a significant
amount of seven hundred billion dollars get wasted particularly medical field of U.S. Therefore, I
have tried to create a cost cutting plan after visiting few hospitals and having conversation with
the dedicated employees of the specific hospitals in person. During the survey I have observed
that the hefty amount of fund is getting wasted on the pointless treatments, significant redundant
tests, scam and miscalculations.
Discussion:
Reflect on my program experience and my practicum project.
The four hospitals I examined for this particular case study series are- McKay-Dee Hospital,
Memorial Hermann Memorial City Medical, Mercy Medical Center—Cedar Rapids and John’s
Regional Health Center. I have found the few strategies that can help in cutting down the high
health care costs are-
Analyzing the proper effort use in multiple circumstances- I think the utilization of
experienced nurse practitioners or the assistant physician in the place of experienced
physicians can reduce the health care cost.
Re-examining source costs- I believe, creating a significant and effective antibiotic
stewardship program, negotiating with the dealers to decrease the particular price of
surgical instruments can help in cutting down the health care cost.
Evaluating procedures performed possible cost reduction- I have observed that
repetition of work, replacing a particular work, effective radiology is significantly costly.
We can think of the different day orders at a particular session to reduce the cost of health
care.
Tracking the excellence measurements- I think it is important to develop the quality of
services that lead to problems like central-line-associated bloodstream infections
(CLABSI) and catheter-associated urinary tract infections (CAUTI) in order to provide
safety to patient and reducing the cost.

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PRACTICUM PROJECT4
Plans and opportunities for professional development:
We can follow few steps in order to chalk proper plans and to list opportunities for the
significant professional development.
Plans:
I. Request a self-assessment from the staff member-
I think the dedicated employees should make a plan by self-assessing their comforts,
interests, abilities, ethics, and individuality. They can utilize the significant model
performance planning and particular self-assessment methods enlisted to the power to
assist in the particular procedure.
II. Develop your assessment of the individual's skill level-
I believe that the managers should evaluate the number of employees’ self-assessment,
the specific track of their work, particular observations, and determination of the
employees’ specific skill level in the subsequent categories include social skills, technical
skills, attitude and aptitudes.
Opportunities:
I. Professional Development Academy
I have observed that Academy provides prolonged and significant training curriculums
with a personalized syllabus planned to advance the specific abilities and competences
required to meet the recognized professional opportunities.
II. New Projects and Responsibility
The employees are allowed to utilize significant scopes in order to advance the fresh
services like newly designed business writing, web design, and project management.
III. Workshops and Seminars
I have found that ‘Learning & Organizational Development’ provides multiple
workshops and significant seminars in order to help the dedicated employees to develop
their work and technological skills.
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PRACTICUM PROJECT5
Action Plan for three years
A three years action plan has made after evaluating the opportunities, threats, expenditure
and other consequences and circumstances from the above discussion.
Objectives Tasks Success Criteria Time Frame
Expanding assistance Collaboration between
Health Resource and the
Service Administration and
Congress
Professional advancement and
introducing significant number of
learning events
1st April 2018-
1st November
2021
Recognizing a perfect
machinery
Specific technologies and
techniques needs to be used
in the continuous progress
of the significant inter
professional learning,
teaching, and enduring as
the significant professional
advancement programs.
It will develop the capability of the
individual programs in order to help
increasing the knowledge of the
dedicated members and the skills
involved in this particular
application of internet learning and
distance learning technologies
12th March
2018- 12th
December
2020
Achieving inter-
professional
proficiencies and
continuous
professional
advancement
Prolonged research
comprising the productive
collection, advancement,
modification, adjustment,
application, and
distribution of such unique
methods for analysis.
It will help in arranging significant
public and personal partners,
prominent demonstrative leadership
of particular programs and other
remarkable stakeholders
3rd June 2018-
25th December
2021
Conclusion:
It is to be concluded that reducing the cost in the medical field is not a hypothetical idea.
It can be easily done with a proper action plan. It is important to evaluate and examine the
challenges that the hospitals are facing every day with a proper survey in order to make a proper
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PRACTICUM PROJECT6
action plan. There are also number of opportunities in the medical field. It is important to use this
opportunity properly not to invest extra fund for unnecessary purpose.
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