Week 3 Assignment – Healthcare Finance Research
Due: Mon Jul 22, 2024 9:00amDue: Mon Jul 22, 2024 9:00am
Ungraded, 130 Possible Points130 Points Possible
In Progress
NEXT UP: Submit Assignment
3 Attempts Allowed
Available after Jun 30, 2024 12:00amAvailable after Jun 30, 2024 12:00am
Overview
For the Week 2 activity, you selected a health services organization (HSO) and then developed five research questions to gain a better understanding of the financial condition of your chosen HSO; its budget preparation process; and fiscal planning strategies related to the financial management of the organization. For this assignment, you will provide thorough responses to each question and report your key findings.
Instructions
Using the HSO you identified in the Week 2 activity, use the Strayer Library and other reputable sources to locate publicly available financial information that will provide you with the answers to the five questions you developed in Week 2.
You will then write a three-page paper in which you include each of the following components:
Develop an introduction to your chosen healthcare organization.
The name of the selected organization and background information, such as its location, size, focus, services provided, demographics of patients served, for-profit or nonprofit status, et cetera.
Indicate whether the organization has a separate finance or business department and, if so, who is responsible for the department.
Any other information that may help explain the chosen organization. For example, is it unique in how its finances are managed? If so, how?
Develop research-based answers to the five previously created questions.
A response to each of the five questions you created in Week 2. This should include specific information pertaining to the chosen healthcare organization’s budget preparation process, fiscal planning strategies, and how the financial condition of the organization is routinely monitored and corrective actions are taken when necessary.
Assess any differences and similarities between what you have learned from the textbook, videos, and other readings with what you have learned in your research.
This is the section of the paper where you assess any differences between what you have learned in this course and what is reflected in your research. This is also an opportunity to identify connections between cost and quality and explore the interplay of performance improvement, regulatory compliance, provider relationships, and payors. Keep in mind that the background and context of the organization play a role in how these pieces fit together.
This course requires the use of Strayer Writing Standards (SWS). The library is your home for SWS assistance, including citations and formatting. Please refer to the Library site for all support. Check with your professor for any additional instructions.
Resources
There are a few ways to access public information on health services organizations.
Google Operator Search: You can use symbols or specific words in your Google search to make results more precise. For healthcare organizations’ finances:
If your chosen health services organization has a website of www.communityhospital.org, you would use the following search to look within their website for financials:
site:communityhospital.org “financial statements”
To narrow your search even further, you could add filetype: to the end of your search to look for specific files. For example, filetype: pdf.
EMMA: EMMALinks to an external site. (Electronic Municipal Market Access) is a great resource for locating reports on large nonprofit hospitals. Simply use the “browse issuers” at the top, and then click on the state your hospital is located in. From there a populated list of bond issuers within the state appears. Many of them are just the city name, but it is easiest to put the word health in the “Search within this list:” box to narrow it down to bond issuers for hospitals. On the next page in the same search box, you can put the name of your hospital and you will select the most recent result. This will take you to a page with different tabs containing financial information.
EDGAR Report: All companies are required to fill out periodic EDGAR reports through the U.S. Securities and Exchange Commission. This applies to public, for-profit organizations. You can learn more about the reports, how to read them, and how to access them at the SEC’s Filings & FormsLinks to an external site..
GuideStar: GuideStarLinks to an external site. offers a way to look for finances from nonprofit healthcare organizations.
The specific learning outcome associated with this assignment is:
Assess the relationship among healthcare costs, quality, performance improvement, regulatory compliance, provider relationships, and payors.
Week 3 Assignment – Healthcare Finance Research
Week 3 Assignment – Healthcare Finance Research
Criteria
Ratings
Pts
Develop an introduction to your chosen healthcare organization.
39 to >35.09 pts
Exemplary
Developed an introduction to the chosen healthcare organization including the name, background information such as its location, size, focus, services provided, demographics of patients served, for-profit or nonprofit status, et cetera. Also indicated whether the organization has a separate finance or business department and, if so, who is responsible for the department.
35.09 to >31.19 pts
Competent
Developed an introduction to the chosen healthcare organization including the name, background information such as its location, size, focus, services provided, demographics of patients served, for-profit or nonprofit status, et cetera, but did not indicate whether the organization has a separate finance or business department.
31.19 to >27.29 pts
Needs Improvement
Developed an introduction to the chosen healthcare organization including the name, and limited background information such as its location, size, and services, but did not include any additional information.
27.29 to >0 pts
Unacceptable
Did not develop an introduction to the chosen healthcare organization.
/ 39 pts
Develop research-based answers to the five previously created questions.
39 to >35.09 pts
Exemplary
Developed research-based answers to the five previously created questions. Responses included specific information pertaining to the chosen healthcare organization’s budget preparation process, fiscal planning strategies, and how the financial condition of the organization is routinely monitored and corrective actions are taken when necessary.
35.09 to >31.19 pts
Competent
Developed research-based answers to the five previously created questions. While all questions have a response, not all responses included specific information pertaining to the chosen healthcare organization’s budget preparation process, fiscal planning strategies, and how the financial condition of the organization is routinely monitored and corrective actions are taken when necessary.
31.19 to >27.29 pts
Needs Improvement
Developed research-based answers to the five previously created questions. Responses may not be provided for all questions or did not include any specific information pertaining to the chosen healthcare organization’s budget preparation process, fiscal planning strategies, and how the financial condition of the organization is routinely monitored and corrective actions are taken when necessary.
27.29 to >0 pts
Unacceptable
Did not provide answers to the five previously created questions.
/ 39 pts
Assess any differences and similarities between what you have learned from the textbook, videos, and other readings with what you have learned in your research.
39 to >35.09 pts
Exemplary
Assessed any differences and similarities between what you have learned from the textbook, videos, and other readings with what you have learned in your research. Specifically identified connections between cost and quality and explore the interplay of performance improvement, regulatory compliance, provider relationships and payors and how the background and context of the organization play a role in how these pieces fit together.
35.09 to >31.19 pts
Competent
Assessed any differences and similarities between what you have learned from the textbook, videos, and other readings with what you have learned in your research. Specifically identified connections between cost and quality and explore the interplay of performance improvement, regulatory compliance, provider relationships and payors, but did not make a connection to the background and context of the organization.
31.19 to >27.29 pts
Needs Improvement
Assessed any differences and similarities between what you have learned from the textbook, videos, and other readings with what you have learned in your research. However, it did not specifically identify connections between cost and quality and explore the interplay of performance improvement, regulatory compliance, provider relationships and payors.
27.29 to >0 pts
Unacceptable
Did not provide any assessment of differences and similarities.
/ 39 pts
Clarity, writing mechanics, and SWS formatting requirements.
13 to >11.69 pts
Exemplary
Writing has very few spelling, punctuation, and grammatical errors; few fragments, comma splices, and run-ons. 0–2 errors present.
11.69 to >10.39 pts
Competent
Writing has spelling, punctuation, and grammatical errors that are distracting in a few places; few fragments, comma splices, and run-ons. 3–4 errors present.
10.39 to >9.09 pts
Needs Improvement
Writing has spelling, punctuation, and grammatical errors that are distracting in some places. 5–6 errors present.
9.09 to >0 pts
Unacceptable
Writing has spelling, punctuation, and grammatical errors, fragments, comma splices, and run-ons that distract from the message. More than six errors present.
/ 13 pts
Total Points: 0
Choose a submission type
