Feb 23, 2024 General Practice Discussion HCA 620
General Practice Discussion HCA 620
General Practice Discussion HCA 620
Read “A Good Business Plan Can Put Your Practice in the Driving Seat.” The article mentions the competitive nature of the general practice. How can a well-written business plan provide a competitive edge?
Search the GCU Library on the following topics: Chart of Accounts, General Ledger, and Accounting System. Notice how much detail can be included in various financial statements. What accounting data is required for you to write your CLC Business Plan? How can you present just enough information for your reader to get a clear understanding of the financial concerns of your proposal?
Search the GCU Library on the following topic: Strategic Planning. Many strategic plans contain financial data. Discuss how you might include this type of financial data in your CLC Business Plan.
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Re: Topic 6 DQ 1
According to Siddiqui (2015), performance measurement is the process of collecting, analyzing and reporting information regarding the performance of an individual, group, organization, system or component. Performance measurement system for businesses/organizations is to make them lean by improving performances within a business/organization. It is important for businesses/organizations to measure performance and manage their performance to be successful and keep a competitive edge over their competition. Improving performance within businesses/organizations will also increases productivity of a business by reducing the cost/resources it takes to provide the service.
Businesses/organizations measures the performance on both the corporate or individual employee level, and it requires different performance measuring tools. The performance measurement tool that is not related to my CLC business plan is 360-degree feedback performance measurement. The 360-feedback performance measurement is used to provides individuals within the business/organization a full assessment of their performance based on the views of their peers, including their supervisor or manager, direct reports, peers, customers, and suppliers (Marr, 2019). The result of the 360-degree feedback is used to set individualized professional development goals for staff. The 360-degree feedback won’t work for my CLC Business Plan because it will not correctly measure the cost effectiveness of building an Ambulatory Service Center.
References:
Marr, B. (2019). Key Tools and Techniques for Performance Management. Retrieved from https://www.bernardmarr.com/default.asp?contentID=772
Siddiqui, F. (April 7, 2015) Why is performance measurement important to the success of businesses? Retrieved from
https://www.linkedin.com/pulse/why-performance-measurement-important-success-fareed/
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HCA 620 Week 6 Discussion 1 Latest-GCU
Explain why measuring performance is important in business operations. Choose a business performance measurement tool that does not relate to your CLC and explain why.
You must proofread your paper. But do not strictly rely on your computer’s spell-checker and grammar-checker; failure to do so indicates a lack of effort on your part and you can expect your grade to suffer accordingly. Papers with numerous misspelled words and grammatical mistakes will be penalized. Read over your paper – in silence and then aloud – before handing it in and make corrections as necessary. Often it is advantageous to have a friend proofread your paper for obvious errors. Handwritten corrections are preferable to uncorrected mistakes.
Use a standard 10 to 12 point (10 to 12 characters per inch) typeface. Smaller or compressed type and papers with small margins or single-spacing are hard to read. It is better to let your essay run over the recommended number of pages than to try to compress it into fewer pages.
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The paper must be neatly formatted, double-spaced with a one-inch margin on the top, bottom, and sides of each page. When submitting hard copy, be sure to use white paper and print out using dark ink. If it is hard to read your essay, it will also be hard to follow your argument.
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