Financial incentives for health care organizations

There can be few financial incentives for health care organizations to invest in quality management; however, there are many other reasons as to why organizations should engage in quality management. For this assignment, construct a business case that defines the need for quality management in any health care organization. The following are some things to consider discussing in your business case:

The use of at least 3–4 scholarly references to support your argument is expected in APA style.

5–6 pages

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How Quality Management Returns are Presented in Economic Terms

Quality management has critical economic implications for health-care organizations. It affects the cost and revenue structure in an organization. A quality management initiative by a non-profit organization like the Mayo clinic can utilize the Pareto principle that promotes benefit for patients without harming the organization (Boos, 2009). It is not often that the improvement in the health-care measures will result in increased medical costs.  A quality management effort involves selecting interventions that will promote the quality of life for the patients. Quality management efforts that are focused on cost-effectiveness are beneficial to the organization. Adopting quality improvement methods such as Six Sigma will help eliminate defects in the health-care process that interfere with cash flow and profitability.

[1670 Words]

Financial incentives for health care organizations

Total Quality Management and Six Sigma

Prior to beginning work on this assignment, read the webpage Total Quality Management and Six Sigma (Links to an external site.), and watch the accompanying video on the webpage.

For this assignment, you will address the following bullet points based on the webpage above.

In your paper,

The Total Quality Management Process paper

Requirements: 3 pages

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These eight TQM principles work entirely together to develop and implement the processes that yield customer satisfaction. They include focusing on customers and potential customers who buy the products and services as they justify the quality of products offered. The organization must ensure that customers feel the value of their money, and so the company should align its objectives with the client’s needs (Hessing, n.d). The second one is leadership which is essential in maintaining employees’ unity to achieve interdependent goals. Good leadership can create a conducive environment that effectively achieves the organizational goal. Thirdly is the involvement of people from all levels that give all-out efforts dedicated to the organizational profits. Every member’s commitment helps the industry develop products and raise sales growth.

[983 Words]

Total Quality Management and Six Sigma