You are a senior nurse manager at a major health care provider in a competitive environment. The CEO of the medical center informs you that the board of directions has that month reporting not be limited to the financial projections and budget-to-actual reports. Rather, they are becoming concerned with evaluating the medical center's performance on value. The board still has a judiciary responsibility to ensure the financial health of the organization, but the members are increasingly concerned with value provided and not just cost. The CEO asks you to advise her on what she should propose to the board for such monitoring .

As you draft 5 recommendations, consider the following questions.

1) Why might the board of directors want to monitor value?

2) What indicators would you recommend to the CEO?

3) How would you gather data and evidence that might suggest increasing value for cost?

4) How would you measure success in these value-for-cost-efforts?

Instructions for assignment

1) Draft 5 recommendations.

2) Answer the 4 questions.