How would you respond to this discussion board with a reference. The ever-increasing demand for healthcare services creates the need for healthcare organizations to be cost-efficient. One factor which impacts

How would you respond to this discussion board with a reference. The ever-increasing demand for healthcare services creates the need for healthcare organizations to be cost-efficient. One factor which impacts an organization’s financial viability is the quality of care provided by that organization. Quality of care can be defined as the track record of the hospital/ doctors, customer service, sleeping set up, etc. Maintaining a high quality of care provides peace of mind, that patients will continue to choose one’s organization, over those with low quality of care. This consistency reduces the volatile of revenue and the bottom line. Another factor that plays a role is the cost of the treatment. Keeping the health care services at an affordable rate allows for more to receive treatment, and allows for more predictable balance sheet figures as well. Companies should also look into continuing to renovate their facilities and updating their services and treatment, in an evolving industry.

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