The Vice President of Human Resources has briefed you on the employee-related pr

Question

The Vice President of Human Resources has briefed you on the employee-related provisions of the new law. Although there are very few provisions that require the hospital to make significant changes to policies and procedures, there is a concern about the number of agencies that now have an added emphasis on the hospital providing high quality health care to the patients.

Vice President of Human Resources has also provided some additional information regarding how the Department of Health and Human Services, Medicare, and Medicaid have increased their oversight of all hospital operations, especially regarding the receipt of all due reimbursements. In fact, the hospital is now required to demonstrate, qualitatively and quantitatively, that the hospital is spending at least 80% of all reimbursements on patient treatments, etc., with the remaining 20% accounted for by administrative costs and profits, if any. In addition, the hospital must show it is increasing the quality of patient outcomes, along with demonstrating cost containment measures.

Considering the evolvement of the new government regulatory agency requirements for the hospital, the hospital administrator has decided to add the new role of Vice President of Risk Management to the Vice President of Human Resources’ existing job title and responsibilities.

Why did the hospital administrator choose the Vice President of Human Resources to perform these new duties? Why not the Vice President of Accounting?

Explanation / Answer

The Vice President of Human Resources is essential to the successful administration of an organization’s human resource function. These HR experts are skilled at determining and directing a company’s staffing goals and strategies to support productive and profitable business operations. In addition, they provide leadership and focus to advance the company’s vision. Vice President of Human Resources develops and drive organizational effectiveness and support the president or CEO on all major initiatives. HR professionals who aspire to the position of Senior VP of HR can obtain business knowledge and skills by enrolling in a Master’s Degree in Human Resources. According to the given situation in this case study the hospital must want to show increasing the quality of patient outcomes, along with demonstrating cost containment measures, so the hospital administrator has decided to add the new role of Vice President of Human Resources.

An accounting vice president is responsible for the maintenance of general ledgers and the preliminary preparation of financial statements. Accounting vice president jobs involve performing and/or supervising account analyses and reconciliations, devising internal reports useful to the accounting department and other departments, issuing internal statements and reports on a timely basis, and meeting all external reporting requirements and deadlines. an accounting vice president, one has to also prepare monthly/quarterly budget variance analyses and revised budgets as required. According this situation, the hospital wants to change its policies and procedure. In the hospital operations like Human Services, Medicare and reimbursement procedures are mainly involved with several people collaboration and coordination, so the hospital Vice President of Human Resources instead of accounting vice president.

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