Financial Management for Health Information Management
Written Assignment – Resource Needs Analysis
For hospitals, the most important assets are not the buildings or investment portfolios, it’s the workforce. The recruitment, management and retention of the hospital workforce has a direct impact on the cost and quality of patient care. Wages and benefits account for about two-thirds of every dollar spent by hospitals, according to the American Hospital Association. And that cost is expected to increase. The AHA reports that labor costs are the single most important driver of spending growth for hospitals, accounting for about 35 percent of overall growth.
You were just employed as the new HIM director for your community hospital. After meeting with members of your department as well as internal and external customers, you have identified the need to hire more employees. To hire more employees, you need to provide a resource needs analysis and proposal to your CFO. Write a 1 – 2 page memo to your CFO outlining the analysis that you conducted and the benefits the organization will achieve based on the hiring plan that you are recommending.
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