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V. Success of the Performance Improvement Plan
If this plan is successful, the organization will monitor financial implications by employing several techniques. A system will be implemented that will allow them to monitor and
evaluate all of the expenditures associated with putting the PIP into action, such as the expenditures for acquiring assets and technological expenditures. Although a business can effectively oversee its accessibility assets and financial capital by keeping close tabs on the funds
allotted toward these funds, it is crucial. Furthermore, through a comparison of the real costs generated throughout the PIP's execution with the initial financial resources allocated for the plan
(How to Establish a Performance Improvement Plan, n.d.). Ensuring that economic benefits are not achieved at the expense of the safety and effectiveness of patients requires ongoing assessment of monetary information in conjunction with protection and informational measures (How to Establish a Performance Improvement Plan, n.d.). A PIP that focuses on enhancing the protection of patients, fostering interpersonal relations, and correcting medical errors would not be possible without the present administration of information technologies
(How to Establish a Performance Improvement Plan, n.d.). Corporations can gather many kinds of statistics, such as clinical results, negative experiences, and medical mistakes, because of information management systems (HealthLeaders, 2017). The quick accessibility of reports provided by IT platforms allows for an immediate evaluation of all the stored information and key indicators of performance (KPIs) relevant to the safety of patients
and the strategy (HealthLeaders, 2017). Tracking these KPIs makes it possible to detect any possible issues or deficiencies early and then take appropriate action. Information management systems additionally support cooperation and interaction, promote educated selection, increase
