As a health care manager, you must be able to analyze financial and economic issues in the health care industry. In this assignment, you will demonstrate problem-solving skills as you choose an issue and address the financial impact in your analysis.
- Preparing for the Assignment:
Select 1 current financial or economic issue in the health care industry that you want to address.
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- Assignment Directions
Write a 700- to 1,050-word paper about the financial or economic issue you selected in which you:
- Analyze the financial impact of this issue on the health care industry. Consider the following:
- What are the economic trends of the health care payment system?
- What are the supply and demand challenges for health care services?
- Why are costs increasing in the health care system?
- What regulatory issues are affecting, or will affect, the health care industry?
- Recommend at least 1 strategy to address the issue.
- Consider current strategies being used or presented for improving the issue.
- Discuss what you believe would be the outcome of these recommendations, if implemented.
- Pharmaceutical Cost
- Mergers & Acquisitions (M&A) in health care
- Disruption from established players and newcomers (think CVS, WalMart, Walgreens)
- Transitions in Payment/Reimbursement Models
- Provider Shortage
- Consumerism of health care
- Virtual or telehealth
- Increased patient responsibility (high insurance cost/deductibles)
- Baby Boomers
- Pricing transparency
- Electronic Health Records (EHR)
- Movement of health care service delivery from traditional settings toward more distributed settings
Here is an APA template specific for this assignment that may help. I’ve shared my two cents worth to help guide you as you tackle this assignment.
Exam Content As a health care manager, you must be able to analyze financial and economic issues in the health care industry. In this assignment, you will demonstrate problem-solving skills as you cho
6 Title of Paper Student Name Institution Course/Number Faculty Name Due Date Title of Paper The title of your paper is repeated in the unbolded header. This is where your introduction of your paper goes. The introduction provides an opportunity to capture the reader’s attention with a “hook.” It also indicates what the paper will be about and how you will approach the topic. Triple click your mouse anywhere in this paragraph to replace this text with your introduction. Often the most important paragraph in the entire essay, the introduction grabs the reader’s attention—sometimes a difficult task for academic writing. When writing an introduction, some approaches are best avoided. Avoid starting sentences with “The purpose of this essay is . . .” or “In this essay I will . . .” or any similar flat announcement of your intention or topic. Refer to the 5-paragraph tutorial from Writing Wizards in the Tutorials & Guides section of the Center for Writing Excellence for more information about writing introductions. Read more: Center for Writing Excellence>Tutorials and Guides>Essay Development>Guidelines for Writing Academic Essays. Best practice is to write the introduction once the paper is completed. Keep in mind that you will achieve outstanding results when you have: Cited more than three peer-reviewed, scholarly, or similar references; application to assignment content was relevant and compelling with accurate citations and formatted according to APA guidelines with no format errors. Additionally: Accurate application of writing conventions enhance the content. Masterfully discussed the topic in relation to the purpose of the assignment and seamlessly presented information in a logical order or sequence. Check spelling, punctuation, grammar, and sentence structure. Current Financial or Economic Issue in Health Care The heading must be in bold font. Headings are a necessary part of helping your audience track the sub-topics discussed in the body of the essay or report. Clearly identify a current day financial or economic issue in the health care industry using one of your ideas from Week Two Matrix Assignment and feedback I shared with you. Describe the issue and perhaps include the driving force for the issue. To master this, you will have: Analyzed prevalence of financial and economic issues in the health care industry. Also, have used evaluation to form a unique conclusion regarding the prevalence of financial and economic issues in the health care industry. Be sure to indent the first line of each paragraph between five and seven spaces by pressing the Tab key one time on the keyboard or using MS Word formatting for first line indention. In addition, remember to double space the entire paper using the double space functionality in Word. This template is already formatted for double spacing. Read more: Center for Writing Excellence>Tutorials and Guides>Software Tutorials and Guides>Formatting Tutorial for APA. Be sure work within the confines of the word minimum and maximum. Analysis and Financial Impact of Selected Health Care Issue Now that you have described the issue and perhaps why it is a current day health care issue, now it is time to analyze the issue and the financial impact. Keep in mind Bloom’s Taxonomy and what analysis is: Separates material or concepts into component parts so that its organizational structure may be understood. An analysis distinguishes between facts and inferences. Be sure to quantify the financial impact of your selected trend/issue. You might want to address what supply and demand challenges are associated with your identified issue/trend. Think about why and how your identified trend/issue is impacting the overall cost of health care, too. This is also a good place to state how much health care cost is today. Be sure to address the regulatory issues affecting your identified health care trend. This might also be a good place to address or mention any ethical issues associated with the trend. To master this, you will have: Analyzed the chosen issue and its financial impact on the health care industry. Used evaluation to form a unique conclusion regarding the chosen issue and its financial impact on the health care industry. Recommendations and Outcomes for Improving the Issue Keep in mind what is currently in law and potential pending regulations to build upon that or even something that does not already exist as your unique and innovative recommendations. Include the outcomes you would anticipate if these recommendations were implemented. To master this, you will have: Created strategies to implement recommendations for improving the issue; strategies are clear, relevant, and supported logical connections between current issues and ideal future state. Conclusion The closing paragraph is designed to bring the reader to your way of thinking if you are writing a persuasive essay, to understand relationships if you are writing a comparison/contrast essay, or simply to value the information you provide in an informational essay. The closing paragraph summarizes the key points from the supporting paragraphs without introducing any new information. A conclusion is much like the closing argument in a jury trial, containing information from earlier paragraphs, combining the previous “proof” into a firm decision by the jury (the reader). Often this, like the introduction, is written once the body of the paper is constructed. References Keep in mind that references are only used to support the use of in-text citations within the body of the essay. For this assignment you will meet the basic criteria using three citations and referenced, to earn above average, use more than three. This is a hanging indent. To keep the hanging indent format, triple click your mouse on this line of text and replace the information with your reference entry. You can use the Reference and Citation Examples (Center for Writing Excellence>Tutorials and Guides>Reference and Citation Examples) to help format your source information into a reference entry. I also shared some insights in the Course Introduction and Information week tab at the start of our course to understand MS formatting. The reference page always begins on the top of the next page after the conclusion. I have shared your text reference as an example below. Zelman, W., McCue, M., Glick, N., Thomas, M. (2020). Financial management of health care organizations: An introduction to financial fundamental tools, concepts, and applications (5th ed.). Jossey-Bass.