Tri-City-Healthcare-Financial-Audit-Issued

Responses to classmates must consist of at least 350 words (not including the greeting and the references), do NOT repeat the same thing your classmate is saying, try to add something of value like a resource, educational information to give to patients, possible bad outcomes associated with the medicines discussed in the case, try to include a sample case you’ve seen at work and discuss how you feel about how that case was handled. Try to use supportive information such as current Tx guidelines, current research related to the treatment, anything that will enhance learning in the online classroom Tri-City Medical Center provided the most recent healthcare financial statement on its website. It was created on June 30, 2019.

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Tri-City-Healthcare-Financial-Audit-Issued .  Among other things, it includes financial statements, such as statements of net position, statements of revenues, expenses, and changes in that position. It also includes statements of cash flows and reports of independent auditors. This District operates at a 386-bed acute care hospital in northern San Diego County. The District participated in the Public Hospital Redesign and Incentives in Medi-Cal (PRIME) program in 2019. The PRIME program is community-centric population health, pay-for-performance, outcome-based initiative. According to the hospital’s executive summary report, the hospital saw a spike in inpatient volumes from 2014 to 2015. It was due to the implementation of the Affordable Care Act (ACA) that enabled more people to obtain healthcare insurance than prior to the ACA. However, the District has experienced a decrease in patient volumes for the past few years. To counteract this trend, the administration continued to recruit practitioners to improve medical coverage for the communities it serves (Adams, 2019). The District is actively engaged in performance-based programs such as a PRIME along with service line analysis to identify opportunities for growth in profitable services. However, the interstate is moving towards value-based care in an attempt to increase the quality of care even further. Since the industry is moving towards value-based care, the hospital-focused inpatient utilization rates continued to decline in many areas of the country. Other steps to lower hospital utilization include a focus on decreasing readmission rates, transitioning patients to observation status, and increased use of care management teams. References Adams, M. (2019). Management’s Discussion and Analysis. https://www.tricitymed.org/wp-content/uploads/2020/03/12-Tri-City-Healthcare-Financial-Audit-Issued-June-2019.pdf

Tri-City-Healthcare-Financial-Audit-Issued