GCU HCA610 2021 MAY Complete Course Latest

HCA610 Essential Health Care Business Analysis

Week 1 Discussion

DQ1 Discuss at least two implications of current health care reform on your chosen health care organization's goals and strategic plan. How will processes and operations need to be adjusted to meet the requirements of current health care reform legislation?

DQ2 Discuss how organizational and operational models vary among three different health care organizations (e.g., transitional care, home health, long-term care). Provide examples to support your response

 

HCA610 Essential Health Care Business Analysis

Week 2 Discussion

DQ1 Compare and contrast at least two methods of assessing health care organizations' operational needs and explain how they differ based upon a particular health care setting.

DQ2 What is the purpose of a balanced scorecard? How is the balanced scorecard used to lead and manage an organization? How can the balanced scorecard be linked to organizational effectiveness as well as individual performance evaluation?

 

HCA610 Essential Health Care Business Analysis

Week 3 Discussion

DQ1 Discuss the thresholds that trigger the need for an item of capital expenditure. What information would you need to provide for the approval process? Why?

DQ2 The resources needed to support operations and implement strategic initiatives often surpass those available. What role does the board of directors (or executive leadership, if there is no board) play in establishing organizational priorities? How do you know how to prioritize the wants and needs of all departments? How can an organization tackle ambitious plans while ensuring that operations stay on track?

 

HCA610 Essential Health Care Business Analysis

Week 4 Discussion

DQ1 Describe the effect of higher levels of medical spending, profitability, and fiscal margins on process quality for health care organizations. Indicate the role of financial stability in health care organizations on their ability to adequately resource the staffing, equipment, and infrastructure that support care delivery. Use current journal or news articles in support of your position.

DQ2 A balanced scorecard is one method that may be used in a health care environment for the purpose of strategic budgeting. Provide 2-3 examples of other strategic budgeting methods that may be used in a health care organization and explain how each method can set the organization up to achieve positive financial results.

 

 

HCA610 Essential Health Care Business Analysis

Week 5 Discussion

DQ1 Recent turmoil in the capital markets underscored for hospital leaders the negative impact of various liability-side risks. What are several types of financial risks that a health care organization could take in the course of operations? Cite at least two outside resources.

DQ2 Discuss the importance of accreditation as it relates to risk management. Using your chosen organization's accreditation as an example, describe four or five requirements that the health care organization must meet.

               

HCA610 Essential Health Care Business Analysis

Week 6 Discussion

DQ1 The goal of the Six Sigma program is to achieve a level of quality that is as close to perfection as possible. Sigma is actually a statistical term used to gauge how far a process deviates from perfection. Explain how the disciplines within Six Sigma can improve both the efficiency and profitability of a health care organization?

DQ2 Multiple resources exist to assist in implementing improved quality standards within a health care organization. You have already examined Six Sigma. Discuss two other resources that assist with this implementation. Provide an example from your professional experience when possible.

 

HCA610 Essential Health Care Business Analysis

Week 7 Discussion

DQ1 Discuss the importance of an organization determining its operational alignment. How are performance measurement outcomes used to determine operational alignment? Discuss the similarities or differences between an organization maintaining operational alignment and you maintaining your worldview.

DQ2 Compare and contrast two different ways used to measure performance in a health care setting. If possible, discuss one method you are professionally familiar with and one method you are just learning about.

 

HCA610 Essential Health Care Business Analysis

Week 8 Discussion

DQ1 What is the value of supply chain management in terms of a health care organization? How does supply chain management impact the financial position of such an organization?

DQ2 Discuss the various tools and techniques used by an HCO to increase logistical efficiency. Why would an organization need to measure the capacity (throughput) of the various resources (x-ray equipment, exam rooms, length of stay, etc.)? How does capacity utilization support decision making?

 

 

 

HCA610 Essential Health Care Business Analysis

Week 1 Assignment  

Health Care Organization Senior Executive Interview

The purpose of this assignment is to examine operational aspects of a health care organization.

For this assignment, you are required to interview a senior executive of a health care organization. Ask the following questions in the interview, in addition to two original questions of your own:

What type of health care organization are you affiliated with? What is your position within the health care organization? Describe your role and scope of responsibilities.

Describe the relationship between your health care organization's vision, mission, goals, and strategic plan.

Tell me about a time your organization's operational performance positively or negatively affected its ability to deliver services and achieve performance goals.

Describe the process you take to deliver a particular type of service offered by your health care organization.

Describe one aspect of your business operations.

Submit a short 200-250-word reflection on your interview experience along with your interview questions and responses. Your reflection should include the following:

Your reaction to the interviewee's response to each question. Did you agree or disagree and why?

Additional questions you have based upon the interviewee's response.

Prepare this assignment according to the APA 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 not required to submit this assignment to LopesWrite.

 

HCA610 Essential Health Care Business Analysis

Week 3 Assignment  

Vendor Information Analysis Presentation

The purpose of this assignment is to critically think about the implications of capital planning and the aspects of operations management that need to be considered when making financial decisions.

Assume that the radiology unit at Northwestern Memorial Hospital needs a new magnetic resonance imaging (MRI) machine, and you have been tasked with requesting bids. Two vendors submitted quotes based off the specs in your proposal. You anticipate the service life of this machine to be 10 years and that it should generate $600,000 per year at 50% capacity. To remove any potential for bias, your compliance department has provided the bids to you and removed the name of each company.

Bid: Company A

Supply and install a 3T (3 Tesla) MRI scanner. Once bid is accepted, work will be completed in 90 days. Each day after 90 days incurs a $5,000 (a day) penalty. Warranty is for 2 years. Software upgrades for 1 year.

Total cost: $3,650,000

Additional warranty: $150,000 (per year to year 5)

Software upgrades: $50,000 (per year up to year 5)

Bid: Company B

Supply and install a 3T (3 Tesla) MRI scanner. Once bid is accepted, work will be completed in 90 days. Each day after 90 days incurs a $5,000 (a day) penalty. Warranty is for 4 years. Software upgrades for 5 years.

Total cost: $4,400,000

Additional warranty: $75,000 (per year to year 10)

Software upgrades: $25,000 (per year up to year 10)

After comparing both vendors and reviewing the "Consolidated Financial Report," choose the bid that will enable the hospital to make the most financially sound decision. Create a PowerPoint presentation for the capital purchase to present to your vice president, explaining your choice. Address the following questions in a PowerPoint presentation of 10-12 slides (not including your title and reference slides):

Why would the bid you chose be a good investment for the hospital?

How will this purchase factor into the hospital's plan for allocation of its resources?

What operating costs did you take into consideration when making this decision? Explain.

What facility considerations will the hospital need to make to accommodate the new MRI scanner? (Consider the location of the unit, materials, licensing requirements, etc.)

What is a reasonable ROI that the hospital could expect? What are the minimum quality standards?

What kind of training will need to occur?

Cite a minimum of three references to support your rationale. Comprehensive speakers’ notes are required.

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 documentation of sources should be presented using APA formatting 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.

 

 

 

HCA610 Essential Health Care Business Analysis

Week 4 Assignment  

Financial Statement Analysis Essay

The purpose of this assignment is to evaluate the impact of a financial analysis on administrative decisions in a health care organization.

Review Northwestern Memorial HealthCare's "Consolidated Financial Report" (Years Ended August 31, 2019 and 2018), and answer the following prompts in an 1,200-1,500-word essay:

Discuss the importance of and need for a financial analysis within a health care organization.

Explain the relationship between a health care organization's financial plan and debt policy to its strategic plan.

Assess the financial position of Northwestern Memorial HealthCare in 2019 as compared to 2018. Give specific examples of areas where improvement is needed or areas that should be of concern in terms of financial viability.

Based upon these observations, make recommendations that management should consider from a strategic standpoint (i.e., strategic budgeting methods).

Include an introduction and conclusion, and be sure to cite three to five peer-reviewed scholarly sources (including the supplied financial report) to support your claims.

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.

 

HCA610 Essential Health Care Business Analysis

Week 5 Assignment  

Benchmark - Risk Management Evaluation Presentation

The purpose of this assignment is to critically think through all aspects of risk management.

Assume that you have been newly hired as the manager of the Patient Safety and Quality Improvement team for a midsize hospital that will soon be opening a new wing. You will need to conduct a risk assessment analysis on the new wing and present it to the hospital board. Choose whether you will be assessing a new maternity unit, a new outpatient clinic, or a new supply and storage wing.

Refer to the ASHRM's "Strategic Plan 2019-2021" resource for assistance in completing this assignment.

In a 12-15 slide PowerPoint presentation (not including title and reference slides), incorporate the following points:

Describe the key elements of risk management.

Identify key risk factors of the unit you chose that will need to be addressed.

Legal, regulatory, and accrediting risk factors that will need to be addressed.

Stakeholders that will need to be involved in the risk management process, along with their roles and the context of their involvement in the evaluation and decision-making process.

Evaluate the hospital's short-term strategic plan to mitigate and provide solutions for identified risks. How do these risk management solutions compare to the ASHRM's strategic plan to improve risk management?

Evaluate the hospital's long-term strategic plan to mitigate and provide solutions for identified risks. How do these risk management solutions compare to the ASHRM's strategic plan to improve risk management?

Cite a minimum of three peer-reviewed sources to support your position.

Comprehensive speaker's notes are required.

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 documentation of sources should be presented using APA formatting 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

MS Health Administration

This benchmark assignment assesses the following programmatic competency:

3.1: Evaluate short- and long-term strategic planning for various health care structures and operations

 

HCA610 Essential Health Care Business Analysis

Week 6 Assignment  

Benchmark - Quality Measurement Through Point-of-Care

The purpose of this assignment is to explore the many point-of-care tools available to assist with data acquisition, analysis, and decision-making and to research how these tools can assist with quality measurement.

For the first part of this assignment, research three quality measurement point-of-care tools used in the health care environment. On the "Quality Measurement Point-of-Care Tools" chart, identify each tool and analyze its ability to assist with data acquisition, analysis, and decision making in health care. Include references for any sources used to complete the chart.

For the second part of this assignment, use the information gathered from the chart to write a 500-750-word paper that answers the following questions:

Explain how your chosen point-of-care tools contribute to quality of service through data acquisition, analysis, and decision making.

Discuss the impact that these point-of-care tools can have on quality standards.

Discuss the impact of quality standards on organizational operations.

Reflect on your thoughts related to point-of-care tools and decision making.

Include an introduction and conclusion, and be sure to cite a minimum of four peer-reviewed sources.

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 benchmark assignment assesses the following programmatic competency:

MS Health Administration

4.4: Explain the utility of point-of-care tools in data acquisition, analysis, and decision making in health care.

 

HCA610 Essential Health Care Business Analysis

Week 7 Assignment  

Benchmark - Project Management Tools

The purpose of this assignment is to develop an action plan to correct unaligned key performance indicators.

Refer to the Table 11-1 dashboard tool for Harris Memorial Hospital, located in Chapter 11 of Essentials of Health Care Finance to complete this assignment.

Assume that you are a health care administrator at Harris Memorial Hospital. Analyze the key performance indicators (KPIs) provided and determine which indicators are out of alignment with the dashboard tool. Write a 1,000-1,250-word memorandum to the CEO and CFO of your organization explaining the following:

The identified KPIs that are out of alignment.

The analysis conducted to identify which KPIs are out of alignment.

Your corrective action plan to align each of the KPIs.

Choose one of the following project ideas and explain how the information provided in the dashboard tool will help to advance progress on the project: (a) a new pediatric wing, (b) a new outpatient surgical center, or (c) increasing in-house education to credentialed staff.

For an example of a suitable memo format for completing this assignment, refer to the "Sample Memo" resource provided on the Purdue Online Writing Lab (OWL) website.

Prepare this assignment according to the APA 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 benchmark assignment assesses the following programmatic competency:

MS Health Administration

4.2: Apply statistical analysis tools and techniques to support decision making and reporting.