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Sole proprietorship
Partnership
Limited liability company
Set up from tax structure to be protected as an individual - the company will be sued but not the individual
This costs more
Corporation
all healthcare is set up this way - this is why we have to pay the organization’s liability insurance and all of the licensing fees for the doctors
this makes them an employee of the org so that if they are sued, it is the corporation that is responsible - not the individual doctor
for ex - CA does not track limes disease, so from a care delivery perspective, they don’t have to track it - however pa does track it
if a patient in pa has limes disease, this gets reported to the dept of health, but not in the state of CA
For-profit orgs
they set themselves up as a “for profit” meaning they have shareholders that all gave money to the org in order to become an entity or business
these shareholders want a return on their investment, for-profit orgs pay their shareholders
they will pay taxes on any revenue generated
after taxes the net amount of money left over gets divided amongst shareholders
Not-for profit orgs
they arguably can make more money than for-profits; they do not have to pay any taxes. however they must put all of their money back into the organization to provide charitable care - paying for people that don’t have insurance
Section 501©(3) - religious, educational, charitable, scientific
Is there a difference in quality between the two?
There is no difference in quality between for-profit and not-for profit orgs despite public perception; everyone is competing for the same people
for-profits may have a better perception of quality of care due to shinier machines and such, but perception is reality for that person
Internal vs external
Ceo - external
C-suite - both
Controller/treasurer - internal
Salary Budget
this is the budget for figuring out how we are going to pay our employees and how much they are getting paid
manager creates an FTE (52 weeks * 40 hours/week = 2080 hours/yr)
29 hours + or anything above 30 is full time which includes benefits - an additional 30% (taxes, healthcare PTO etc)
How is PTO calculated
PTO rates are NOT calculated in the wages, as not all employees receive this. It is calculated in the total position cost.
How to decide how many full time and part time
Go back to what ratios are by law
Shift Differential
an additional amount of money we pay a person to work an undesirable shift, night shifts will be paid more
Benefit Budget
this is how the organization justifies equality - it assures all employees who should receive benefits are receiving them, and are receiving the same percentage based on what the org decides that is
employees can purchase additional benefits at their cost
at the dept level, this is included within the FTE budget
Recruitment Budget
this is needed for finding highly specialized positions
we don’t need a lot of money for food deliverers, however we do need a lot of money if paying for a dietician
this includes the amount of money that will be needed for the position we are hiring and the money we spend on advertising
for ex - we will find a doctor in a trade journal, not on linkedIN
HR department budget
Training Budget
Union Budget
this is particular to the union dues. if there is a conflict to any union workers contract, where is that money going to come from?
this is why there has to be a separate budget for the union
3 Considerations of HR
Strategic, Administrative, Environmental
Strategic component of HR
Competition for labor
Strategic assets, employees
Achieve organizational business strategy
Administrative component of HR
Ensure qualified and motivated personnel
Recruiting, retaining, developing staff
Non-clinical administrative staff
Clinical staff
Support staff
Environmental component of HR
Declining reimbursement
Declining supply of workers
Increased need
Increased competition - we are spending all this time and money on you what can we do to make you stay
Accountability and performance - holding employees accountable for the job in which we are paying them
HR as Organizational Performance
The org holds HR accountable for making sure our employees are competent and able to perform the job we are asking them to do
Key Functions of HR
Workforce planning and recruitment (linkedin)
Retention
Ration method used to determine staff to patient ratio
taking staff from other depts in order to meet ratios (ie there needs to be a certain amount of nurses in a unit, HR is the one making sure ratios are met)
Employee assistance programs - benefit offered by a third party contracted with healthcare entity
Purpose
Value
Recruitment
Advertising
Screening
Additional recruitment process
HIPAA
Retention
3 Performance Evaluations
Conflict Resolution
Conflict resolution styles
Avoiding
Competing
Accomodating
Compromising
Collaborating
HR’s role in conflict resolution - Job Design
The systematic and purposeful allocation of tasks to individuals and groupd within an organization
the purpose is to increase both employee motivation and productivity
Job enlargement
can be used to increase motivation by giving employee’s more and varied tasks - keeping them engaged so they want to keep their job
Job rotation
allows an employee to work in different departments or jobs in an org to gain better insight into operations
Job enrichment
allows the employee to take on some responsibilities normally delegated to management
Work simplification
the analysis of a job’s most basic components to restructure or redesign them to make the job more efficient
Job Descriptions
A detailed statement of an employees tasks to be performed
Defines:
Knowledge required
skills
responsibilities
training
experience
certifications/licenses
line of reporting