GCU HCA530 Full Course Health Care Policies & Economics
GCU HCA530 Full Course Health Care Policies & Economics
GCU HCA530 Full Course Health Care Policies & Economics
HCA530 Health Care Policies & Economics Week 1 Discussion
DQ1 Describe the components of a corporation compliance plan. What is an example of an internal control? Why is this important?
DQ2 You are the director of the respiratory department at a large hospital. You were told by the finance department you are over budget in expenses. What stakeholders and other roles in the hospital would you collaborate with to determine why expenses are high? What is the rationale for who you selected?
HCA530 Health Care Policies & Economics
Week 2 Discussion
DQ1 Understanding financial statements are key to the success of any organization. How do financial statements relate to the mission statement of an organization? Explain how they aid in the mission of the organization.
DQ2 Describe what a balanced scorecard and dashboard is and how they help an organization analyze financial performance. Please provide an example of one and what it tells the organization about its financial viability.
HCA530 Health Care Policies & Economics
Week 3 Discussion
DQ1 How would you react to a physician who wants the organization to purchase a new piece of technology that the competing hospital already has so he can bring his patients to your hospital rather than the competition? What factors would you consider in evaluating the wisdom of supporting his request?
DQ2 You are the manager of a medical surgical unit and was informed you were over budget in FTEs based on the average daily census. What steps would you take to determine how to correct this variance? What departments or roles would you include to help formulate a plan and correct for the future?
HCA530 Health Care Policies & Economics
Week 4 Discussion
DQ1 Increased demand for health care services leads to an increasing need for health care organizations to be cost efficient. What are the factors that impact an organization’s financial viability?
DQ2 The Patient Protection and Affordable Care Act established a pilot program to expand the use payment bundling for better coordinated care for Medicare beneficiaries. What impact does payment bundling have on health care costs?
HCA530 Health Care Policies & Economics
Week 5 Discussion
DQ1 The health care organization you are an administrator for is seeing a continual drop in operating income for the last 5 years. What steps would you take to analyze the situation in order to develop a strategic plan to address the drop in operating income? Remember that operating income considers both revenue and expenses.
DQ2 Explain the effects that inflation can have on a health care organization and how it should be accounted for in terms of financial and strategic planning.
HCA530 Health Care Policies & Economics
Week 6 Discussion
DQ1 Health care organization often need capital in order to grow and remain sustainable. Explain the two types of financing that can be used and how it may differ for non-profit and for profit organizations.
DQ2 Cash is just one asset among many that would be on a financial balance sheet and proper cash management is arguably more important in the health care industry than in many other industries. Explain what cash management is and its relationship to the cash conversion cycle and why cash management is so important in the health care industry.
HCA530 Health Care Policies & Economics
Week 7 Discussion
DQ1 Which of the following types of costs would be the most challenging for a clinical department versus a nonclinical department: total cost, fixed cost, variable cost, average total cost, or marginal cost? Explain your reasoning.
DQ2 High deductible health plans have increased over the past few years. How are these different than the traditional health plans? As a consumer, which plan would you prefer and why?
HCA530 Health Care Policies & Economics
Week 8 Discussion
DQ1 Compare and contrast the public interest and special interest theories that describe the motivation behind government intervention in the health care market. Which theory do you believe is the most accurate? Why?
DQ2 What is the information imperfection in health care and how does it impact the efficiency of the market?
HCA530 Health Care Policies & Economics
Week 1 Assignment
Benchmark – Health Care Finance Essay
For this assignment, write an essay (1,000-1,500 words) that addresses the following:
1. Select a business unit within the health care industry that you currently work in or desire to work in:
Hospital
Nursing home
Health care clinic
2. Explain the various roles and structures in finance within your selected unit. Who makes accounting decisions? Why?
3. Explain the role of the nonfinancial manager in the selected unit.
4. How have government regulations, corporation rules, and accounting standards affected business unit you selected?
5. Lastly, explain why you are interested in the health care field and finance? What are your career plans for this program? This section maybe written in first person.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance.
Benchmark Information
This assignment assesses the following programmatic competency:
MBA Health Systems Management
MPA Health Care Management
MS Health Administration
MS Health Care Informatics
4.3: Analyze how components of the health care finance system interact with each other.
HCA530 Health Care Policies & Economics
Week 2 Assignment
Vendor Information Sheet Analysis Presentation
The purpose of this assignment is to show your understanding of the needs that go into determining financial viability for a large purchase in an organization. You will be creating a PowerPoint presentation to explain and justify a capital purchase to the vice president of your health care organization.
Read the Northwestern Memorial Financial Statement and Vendor Information Sheet.
Students answer the following about the attachments:
After comparing vendors, create a presentation for the capital purchase to your vice president. Address the following:
1. Why would this be a good investment for the hospital?
2. What are the operating costs you took into consideration? Explain.
3. What facility considerations are involved regarding this new piece of equipment? Explain.
4. What is a reasonable ROI? What are the minimum quality standards?
5. What training options would need to occur?
6. Cite a minimum of three references to support your rationale.
The PowerPoint presentation should consist of 15-20 slides, not including the title slide and reference slide. Images may be included in the presentation but be sure to keep all image file sizes low for this presentation. Save images as small files.
Refer to the resource, “Creating Effective PowerPoint Presentations,” located in the Student Success Center, for additional guidance on completing this assignment in the appropriate style.
While APA style is not required for the body of this assignment, solid academic writing is expected, and in-text citations and references should be presented using APA documentation guidelines, which can be found in the APA Style Guide, located in the Student Success Center.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance.
HCA530 Health Care Policies & Economics
Week 3 Assignment
Benchmark – Budget Presentation
For this assignment, create a PowerPoint presentation that addresses the following:
Imagine you are the director of Medical Imaging department in Northwest Memorial hospital and are tasked with presenting to the C-Suite about your department’s operating budget. You need to describe the department priorities and capital investments priorities. Be sure to include the following in your presentation:
1. Explain how you would prioritize the capital investments.
2. What was your methodology in producing the budget and why?
3. What was your role as the director in producing the budget?
The PowerPoint presentation should consist of 12-15 slides, not including the title slide and reference slide. Images may be included in the presentation but be sure to keep all image file sizes low for this presentation. Save images as small files.
Refer to the resource, “Creating Effective PowerPoint Presentations,” located in the Student Success Center, for additional guidance on completing this assignment in the appropriate style.
While APA style is not required for the body of this assignment, solid academic writing is expected, and in-text citations and references should be presented using APA documentation guidelines, which can be found in the APA Style Guide, located in the Student Success Center.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance.
Benchmark Information
This assignment assesses the following programmatic competency:
MBA Health Systems Management
MPA Health Care Management
MS Health Administration
MS Health Care Informatics
MBA: 5.1: Develop financial plans to support the viability of health care organizations.
HCA530 Health Care Policies & Economics
Week 4 Assignment
Health Care Payment Essay
Write a 750-1,000-word essay about the different types of health care payment options. Address the following in your essay:
1. Explain how the charging and pricing processes of health care facilities are different from those of other industries.
2. Explain how private and government insurers and payers impact actual reimbursement.
3. Explain the impact that these payment structures have on the strategic planning of a health care facility.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance.
HCA530 Health Care Policies & Economics
Week 5 Assignment
Financial Statement Analysis Essay
Access and read the Northwestern Memorial Financial Statement.
After you complete the review of the financial statements that covers two years, answer the following prompts in an essay (1,500-2,000 words), citing three to five scholarly sources to support your claims:
1. Explain the relationship between the financial plan of an organization and its strategic plan.
2. Assess the present year financial position of the organization as compared to the previous year. Give specific examples of areas improvement or areas that should be of concern in terms of financial viability.
3. Based upon these observations, make recommendations that management should consider from a strategic standpoint.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance.
HCA530 Health Care Policies & Economics
Week 6 Assignment
Benchmark – Capital Needs Essay
Scenario: As the administrator of a small privately owned not-for-profit hospital that has been seeing a significant increase in patient volume, it has been determined that another wing should be added to accommodate the increase in volume. However, there is not enough cash in reserves to finance the project. You have been tasked with planning how the capital required for the project can be raised.
In an essay (1,000-1,250 words) address the following prompts, citing four to six scholarly sources to support your claims:
Capital needs can be met either through equity or debt financing. Explain the difference between the two and which financing would be appropriate and why, considering that this is a private, not-for-profit hospital.
Explain the term working capital and how it is related to debt financing for capital expenditures.
Discuss the importance of a cash budget and how it can be used to assess the financial viability of this capital expenditure.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance.
Benchmark Information
This assignment assesses the following programmatic competency:
MBA Health Systems Management
MPA Health Care Management
MS Health Care Informatics
MSHA: 3.6: Develop and apply skills necessary to manage finances, evaluate financial performance, and develop financial plans at the departmental/organization level.
HCA530 Health Care Policies & Economics
Week 7 Assignment
Health Care Payers Case Study
Scenario: A patient is confused about how to make payments for a recent visit to urgent care and hospital stay. Her insurance provider website allows her to use her HSA account to make a payment online. She uses her HSA debit card to make the payment, but her insurance provider sends her a check instead of sending it to the Tri-City HealthCare Agency. After contacting her insurance help desk via the website, she is told to send the check to Tri-City HealthCare agency herself. The patient asks the insurance provider help desk representative why they can’t just make the payments for her. She is told about the various payment types and payers in the healthcare industry and how the market influences the integrated delivery systems in the industry.
After reading the scenario, answer the following (75-100 words each answer) in a separate document:
1. Describe the payer systems mentioned in the case study.
2. Explain how the market forces have influenced the need for integrated delivery systems.
3. How might the insurance provider explain the payment system they utilize for their clients? Explain if this method is effective or not for their clients.
4. What might be the most significant legal and regulatory effect on managed care organizations?
APA style is not required, but solid academic writing is expected. All references need to be in APA format.
This assignment uses a scoring guide. Please review the scoring guide prior to beginning the assignment to become familiar with the expectations for successful completion.
You are not required to submit this assignment to LopesWrite.
HCA530 Health Care Policies & Economics
Week 8 Assignment
Benchmark – Population Health Essay
Review the website for Healthy People 2020 sponsored by the Office of Disease Prevention and Health Promotion located at https://www.healthypeople.gov/.
In 1,250-1,500 words address the following:
Select one or more SDOH (Social Determinants of Health) that you feel would be most beneficial for your organization to focus on and have the biggest impact on its population.
Explain how you would use your selected SDOH to benefit the population.
Explain how economics may influence the approach you take.
Describe population health and how health care organizations can best strive to address the social determinants of health.
Use at least three references including Healthypeople.gov.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance.
Benchmark Information
This assignment assesses the following programmatic competency:
MBA Health Management Systems
MPA Health Care Management
MS Health Care Informatics
MSHA 3.1: Explain how economics influence decision making related to health care.
GCU HCA530 Full Course Health Care Policies & Economics.GCU HCA530 Full Course Health Care Policies & Economics.GCU HCA530 Full Course Health Care Policies & Economics.GCU HCA530 Full Course Health Care Policies & Economics
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