HCS/385: Health Care Finance

Wk 2 Summative Assessment: Problem-Solving Analysis Report

 

As a health care manager, you must be able to analyze financial and economic issues in the health care industry. In this summative assessment, you will demonstrate problem-solving skills.

 

Scenario

Imagine you are a health care manager at a hospital and you are preparing a report for your CFOin which you analyze current issues in health care (e.g., nursing shortages, supply-chain disruption, and telehealth use) and address the financial impact of these issues on your hospital.

 

Preparation

Select 1of the followingcurrent financial issues that the health care industry faces today to use for this summative assessment: nursing shortages, supply-chain disruption, or telehealth use.

 

Access the Week 2 University Library and read 1 of the following articles from the Summative Assessment: Problem-Solving Analysis Report section that corresponds to the current financial issue you selected:

  • Nursing shortage: “As COVID-19 Worsens Nursing Shortage, Madison Hospitals, Schools Step Up”
  • Supply-chain disruption: “Inflation Rattles Hospital Supply Chain and Labor Pool with no End in Sight”
  • Telehealth use: “Telehealth Grows, but Medicare Has Woes”

 

Assessment Deliverable

Write a 700- to 1,050-word report about the financial issue you selected in which you:

  • Analyze the financial impact of your selected financial issue on the health care industry.
  • Explain what the supply and demand challenges are for health care services in terms of personnel, supplies, or technology.
  • Describe how regulatory issues are affecting, or will affect, the health care industry in the areas of personnel, supplies, and technology.
  • Describe at least 1 strategy to improve the selected financial issue.
  • Discuss what you believe would be the outcome of these recommendations, if implemented.

 

Cite sources to support your report. 

 

Format your report according to APA guidelines. 

 

Submit your assessment.

 

Assessment Support

 

Copyright 2023 by University of Phoenix. All rights reserved.

HCS/385: Health Care Finance

Wk 1 Worksheet: Microsoft Excel and Financial Terminology

 

Regardless of where your health care career takes you, finance is an important part of the health care system. Finance might not be your professional calling, though it is important you have a working knowledge of the terminology and tools of finance and the stakeholders in the health care industry.

 

Preparation

Access the Week 1 Learning Activities folder, locate the following activities, and watch the indicated LinkedIn Learning sections about financial terminology and calculations in Microsoft Excel. These videos will be helpful for understanding this assignment.

  • Determining Values and Rates of Return, Selected Videos
  • Project Selection in Excel, Selected Videos
  • Calculate a Company’s Breakeven Point
  • Financial Ratios and Determining the Unpaid Inventory of Walmart
  • Financial Statements: Balance Sheet for Walmart

 

Assignment Deliverable

Access and complete the Financial Terminology Worksheet using the prompts provided in it.

 

Note: Because this worksheet introduces you to terminology used throughout the course, consider saving it for future reference.

 

Submit your assignment.

 

Assignment Support

 

 

Copyright 2023 by University of Phoenix. All rights reserved.