Important Business Principles Related to Patient and System Cost Essay

Ten fundamental business principles that are important to any organization, especially within the healthcare system, are extensively discussed by Greg Fisher in his work. This essay sets to critically three principles out of the ten business principles as discussed in the Greg Fisher power-point in the learning activities by providing reasons behind the selected business principles, whether they are used in my current facility, why they are essential for this institution and reasons as to why these principles are increasingly important to me as a Chief Nursing Officer..

Selection of Business Principles and Reasons behind the Choice

Various business is very crucial in my health care institution as they significantly support effective maintenance of safe, quality, and patient-centered care that is fiscally sound. As a Chief Nursing Officer (CNO) in my health care institution, I highly believe that the most fundamental business principles for my organization are deciding on what an individual is supposed to do and deciding who we as medical professionals serve. Important Business Principles Related to Patient and System Cost Essay.The other business principle is deciding what some of the things that make us different from other healthcare organizations in the country and across the world (Fisher, 2008).

The primary reason behind these selected three business principles is because they play a fundamental role in increasing the ability of the health care institution to achieve all its set mandate and objectives both in the short and long run (Fisher, 2008). Moreover, another reason for choosing these three business principles is that they act as part of the critical pillars within a healthcare setting that support the delivery of high-quality care (Gardner, Outlaw & O’Grady, 2015). Additionally, by upholding and practicing these three business principles, I have managed to improve my performance as a Chief Nursing Officer significantly. Most of the nursing leaders in the institution have also exhibited exemplary performance in their assigned roles within the care facility (Körner et al., 2015).

Whether These Business Principles are used in the Institution

Various benefits are achieved as a result of the continued use of the businesses principles discussed by Greg Fisher particularly the three selected principles has increased their full application in most of the healthcare settings (Körner et al., 2015). The business principles related to deciding on what a health care professional does within a hospital, deciding the target audience or clients served by the multi-disciplinary team in the healthcare center and deciding on the various aspects that make the institution unique from others are the three primary business principles that are extensively used in my current healthcare facility (Gardner, Outlaw & O’Grady, 2015).

For instance, in regards to the principle of what one does, the healthcare facility is currently concentrating on continuing to create a unique experience for its patients whenever they visit this institution to seek medical care or check-up through building a broad vision which is then narrowed to focus on cancer patients primarily. About the principle of deciding who we serve, this health care facility mainly focuses on cancer patients alone (Gardner, Outlaw & O’Grady, 2015). Important Business Principles Related to Patient and System Cost Essay.The use of this business principle has enabled my healthcare institution to focus all its resources towards the treatment of cancer patients by ensuring that this category of patients experiences excellent care.

Moreover, by ensuring that the patients are always treated humanely and that their dignity is observed, the healthcare facility has managed to put into practice the business principle of deciding what makes this health care setting different from others in the American healthcare system (Gardner, Outlaw & O’Grady, 2015). Such a strategy has significantly made this institution distinguish itself from the others in the country, thus making it grow to become one of the primary treatment centers for cancer patients in the region.

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Most of the healthcare facilities have over the years being involved in the provision of different medical treatments, thus reducing their ability to enhance their uniqueness and competitive advantage (Gardner, Outlaw & O’Grady, 2015). These three business principles have in the past two years become significant elements of the organizational culture at the institution and are widely accepted and practiced by the staff members (Almgren, 2017). Studies show that most of the healthcare institutions that have managed to become successful are those that have ensured that their operations are built on the premise of robust and reliable organizational cultures that give them a competitive advantage (Almgren, 2017).

Importance of the Three Business Principles to the Health Care

The three selected principles are increasingly beneficial to the health care system in the sense that they tend to promote the provision of high-quality care and efficient services to the patients who the main clients in a health care setting (Liebler & McConnell, 2016). Furthermore, these three selected principles act as excellent practice guides to the nurses and the entire staff on how they can competently provide care to the patients especially those with long-term, complicated conditions such as cancer (Liebler & McConnell, 2016). Similarly to those patients suffering from terminal illnesses, cancer patients need to have access to high quality and patient-centered care, which can be best achieved through using these business principles (Liebler & McConnell, 2016).

Importance of the Three Business Principles to Me

Moreover, these business principles are also increasingly crucial to me as a Chief Nursing Officer as they enable me to exercise the required leadership skills given the importance of my job position in the health care facility which mainly involves providing direction to medical staff in this medical care setting. Important Business Principles Related to Patient and System Cost Essay.Furthermore, my ability to realize the mission, vision, and objectives of this institution and ensure the assigned or concerned staff members accurately undertake all tasks is to a great extent determined my understanding capabilities of these business principles and ability to follow the guidelines that they put into place.

Conclusion

Conclusively, business principles that have been discussed by Greg Fisher are essential in facilitating the delivery of high-quality care to patients since they lay down practice guidelines that can be used by nurses and other care providers in providing high-quality care. The application of the business principles such as deciding on who we serve, what makes us different from others and what one does have all played a significant role in enhancing the ability of the nurses and caregivers in this institution to provide person-centered care. These principles have also proven to be very significant in improving health care and also enhancing my ability to undertake various responsibilities as a Chief Nursing Officer.