Questions & answers Assignment Example | Topics and Well Written Essays - 500 words

Questions & answers - Assignment Example As the CMO, Dr. Yeasted is on the finance body making suggestions and approvals for any budgeting to be carried out. In his role, he has to prioritize issues in order for the most important and necessary at the moment to take precedence in the budget and also have to explain the same to the staff. The strategic plan at the moment in the hospital is that of trying to streamline the hospital activities and quality with the new health care policies such as the managed care and affordable care act. This is still what he worked on and the success is starting to be evident. Prior to him becoming a CMO, Dr. Yeasted was a Board member of the same hospital and hence has a cordial relationship with the board members including the chairman. This relationship is free of tension as they have known each other for long and have also worked together as physicians. The most enjoyable thing is that he gets to change the life of the community by simply making the correct decisions and implementation of the policies which is part of his job as a CMO. The least enjoyable is attending and participating in meetings which take up majority of his time (Kassel, 2015). I was surprised that the CMO had many roles up their sleeves and sometimes even did not find to practice medicine. I thought their life was just easy as there were other administrators and the Board in the hospital and hence he only had to do the approving and nothing else. According to Dr. Yeasted, in as much a health care administrator is busy with office work and meetings, he or she needs to set aside side time to visit the patients and interact on an informal basis with the staff to not only create rapport but learn more about the hospital. The CMO advices the students who wish to become administrators to become conversant with the issues of finance and take precaution about it. The finances are different from other organizations and hence need different strategies to handle them as well as know how to