In the current global economic scenario, every organization has to seek maximum efficiency in their respective operations. The health care industry is similar to the rest of the business industries, as these entities have to maintain a stable flow of revenues. In the context of the health care industry, the nonpayment through the repeated readmissions of patients in the emergency rooms is an essential concern. This phenomenon has a negative impact on the hospital's cash flow, and causes inefficiencies in the operational activities. The hospitals have to develop an innovative and comprehensive operational plan, so as to decrease their operation costs and maximize their profits. In order to cope with the financial challenges that have arisen in the global health care industry, various hospitals have adopted an innovative model to attain efficiency.
The relevant changes that occur in the majority of the health care entities in the global context have to fulfill the legal and ethical requirements. The hospitals cannot seek to make changes to their strategies or hospital policies, which will decrease the level of service offered at these facilities (Olson, 1993). In the long term context such activities will cause the health care organizations to experience a significantly high amount of damages. The emergency department in the hospitals can be considered as the most dynamic and challenging component, as the most sever and highly sensitive patients arrive in the emergency ward. The attendees in the emergency section rarely have the facility to critically analyze the patients and offer them the adequate medical treatment. Rather in this department the relevant professionals have to contend with limited informational and time resource, and they have to make quick decisions which can have a significant impact on the lives of the patients. In this context the hospitals have to ensure that the cost saving initiatives does not undermine the effectiveness of the emergency department, and innovative and quality oriented strategies are adopted by the health care institutes.
Discussion
Innovations in Medicine and Clinical Practice
The physicians, nurses and the rest of the medical field professionals generally have a very negative view towards the relevant cost cutting initiatives in the emergency department. These professionals are already operating in very extreme circumstances, where they have to make several life changing medical decisions in a short period of time in this context the relevant health care professionals would not appreciate an initiative that would decrease the amount of resources that area their disposals and exposes then to an exaggerated level of stress and dilemmas (Byrnes & Fifer, 2010).. There are very few innovative solutions that pertain to the element of cost cutting in the emergency department which is supported by the majority of the health care professionals.
The innovative initiatives that help the health care institutions reduce the cost of their emergency services, without decreasing the amount of resources allocated to the department, is a very important alternative. The administration of specialized evidence based medicine and the implementation of standardized medical procedures ...