Your Organization Is in the Middle of Re-Designing Patient Care

question 8

Multiple Choice

Your organization is in the middle of re-designing patient care units,with decisions based on best practices and various other sources of evidence.In the middle of the transition,there is a temporary halt called to the transition because of a re-design of the health care system and greater emphasis on primary care.What would be a healthy response to this situation?

• A) Salvage as much of the original planning as possible so as to reduce expenditures.
• B) Engage in consultation to create innovative solutions that bridge the existing plans and the new directions.
• C) Abandon the current planning in favor of addressing the new trends.
• D) Continue with the current planning because trends come and go.

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Definitions:

Current Liabilities

Financial liabilities of a business that are to be settled within the next 12 months.

Current Assets

Resources anticipated to be transformed into cash, disposed of, or utilized within a year or during the normal operating cycle of a company.

Financial Leverage

The use of borrowed funds to increase potential return on investment.