HCA 421 Week 5 Discussion 1 Strategic Financial Management Describe the four primary purposes of a professional strategic financial management function in an organization. Further elaborate on how reimbursement, supply and demand, contractual adjustments, patient mix, regulatory legislation etc. may influence (or not) these purposes. Respond to at least two of your classmates’ postings HCA 421 Week 5 Discussion 2 Examine the past Five weeks and the information read and discussed. Present to the class a topic That has not been covered in class that you find important to the course Material, one that applies to you professionally, or one that is perplexing to You for further exploration
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- Write a 1,050- to 1,400-word strategic objectives summary. Include your balanced scorecard and its impact on all stakeholders, and the communication plan. Identify key trends, assumptions, and risks in the context of your final business model. Develop the strategic objectives for your new division of the existing business in a balanced scorecard format in the context of key trends, assumptions, and risks. The strategic objectives are measures of attaining your vision and mission. As you develop them, consider the vision, mission, and values for your business and the outcomes of your SWOT analysis and supply chain analysis. Consider the following four quadrants of the balanced scorecard when developing your strategic objectives: Shareholder Value or Financial Perspective, which includes strategic objectives in areas such as: Market share Revenues and costs Profitability Competitive position Customer Value Perspective, which includes strategic objectives in areas such as: Customer retention or turnover Customer satisfaction Customer value Process or Internal Operations Perspective, which includes strategic objectives in areas such as: Measure of process performance Productivity or productivity improvement Operations metrics Impact of change on the organization Learning and Growth (Employee) Perspective, which includes strategic objectives in areas such as: Employee satisfaction Employee turnover or retention Level of organizational capability Nature of organizational culture or climate Technological innovation Evaluate potential alternatives to the issues and/or opportunities identified in the SWOT Analysis paper and table you completed in Week 3. Create at least three strategic objectives for each of the four balanced scorecard areas. Base your solutions on a ranking of alternative solutions that includes the following: Identify potential risks and mitigation plans Analyze a stakeholder and include mitigation and contingency strategies. Incorporate ethical implications Develop a metric and target for each strategic objective using a balanced scorecard format. Example: a strategic objective in the shareholder or financial perspective is to increase market share. A metric to actually measure this strategic objective of market share increase is, "The percentage of increase in market share." The target is the specific number to be achieved in a particular time period. The target for the metric of "Increase market share" could be "Increase market share by 2% for each of the next 3 years" of an increase of 2% per year for 3 years.) Outline a brief communication plan discussing how you will communicate the company's strategic objectives that includes the following: Define the purpose. Define the audience. Identify the channel(s) of communication and why you selected that channel. Format paper consistent with APA guidelines. Attachments Screen Shot 2016-04-05 at 9.17.03 PM.png Screen Shot 2016-04-05 at 9.17.08 PM.png
- For this Discussion, you will investigate how another organization conducts assessments. Begin by finding out whatever you can through Web searching about your local or state health department's approach to assessment and strategic planning. Find out also if there are initiatives at the state level to coordinate health assessments from the various communities in the state. If so, are there tools and forms available to do that? (See the Iowa state Web site as an example: http://www.idph.state.ia.us/chnahip/reports_2005.asp.) Then locate and interview someone who has been involved in community health assessment and strategic planning at either a local or state level. To find a person to interview, contact your local health department. Depending on the size of the department, you may wish to ask to interview the director or else ask to be referred to someone who has participated in assessment and strategic planning. If you prefer, you could instead call your state health department; each state should have personnel who deal with coordinating strategic plans from individual counties, and one of these individuals might be a good person to interview. Your interview may be conducted over the phone or via e-mail, or in person if you prefer. (Note: You must transcribe or summarize your interview and post it.) Prepare your thoughts and questions carefully in advance so you can be succinct in your interview. In your interview, you should ask them questions along these lines, as well as any other questions you think are appropriate to the organization or individual you are working with: 1. How do you assess the needs of your community? How often do you conduct assessments? 2. What use did you make of the assessment data? Did you develop a strategic plan or something similar for your department and/or for the community? Please describe this plan. (For example, how detailed is it? Is it a long-range plan?) 3. What are your thoughts about the assessment process? How well is it working? What are specifc strengths of the process from your perspectives? Any barriers or difficulties to overcome? Then: # Identify the organization and title of the person you contacted (for privacy purposes, however, do not identify the name of the person you interviewed). # Summarize the findings of your interview, highlighting what you found most surprising or interesting regarding the challenges and benefits of the community health assessment process. Is there anything you would do differently or do you have suggestions for improvement? # Post a transcript or detailed summary of the interview as an attachment; this will allow other students who are interested to learn more about this organization's assessment process.
- HCA 421 Week 5 Assignment (Research Paper) Strategic planning and evaluation of the organization (Mayo Clinic)
- ETH 316 Week 1 Week 1 Discussion Question: 1 One of your friends uses the terms ethics and morality interchangeably. You do not think this is correct. How would you explain the difference between ethics and morality? Provide an example of morality and one of ethics in your explanation. Week 1 Discussion Question: 2 Select two major ethical theories covered in your readings for Week One. What are the major differences between these two theories? Which one of these theories is most aligned to your personal beliefs? Explain. Week 1 Discussion Question: 3 What are examples of virtues, values, and moral concepts? How does each of these relate to one another? In what ways are they separate and in what ways are they connected? Week 1 Discussion Question: 4 In Ch. 6 of Basic Ethics, the author discusses the relationship of religion as it relates to morality and ethics. Using your own personal experiences as a resource, what, if any, relationship exists between religion, morality, and ethics? Explain your answer. · ETH 316 Week 1 Individual Assignment Ethics Essay. (600+ Words)
- Personal Autonomy and Health Policy Choose a current health policy issue or law that has ongoing relevance in public health. Some options include, but are not limited to, banning trans fats in local municipalities, controlling the size of sugary drinks sold in restaurants, requiring nutrition information on menus, indoor and outdoor smoking bans, removing sugary drinks from schools, or mandating vaccines for health care workers or children entering school. Describe why the chosen policies or laws are controversial. In your response, discuss how these policies affect personal autonomy (the cost to the individual) to benefit society. Provide a professional statement* on why these policies and laws are important to the overall health of the community. *Personal and professional opinions may or may not align. It is very important in your employment to be able to provide a professional opinion, regardless of how it aligns with your personal beliefs. Professional opinions are based in research and fact and reflect the beliefs of the organization as a whole and all those who work for the organization.
- What do you believe are the primary advantages and disadvantages of having multiple revenue sources for health care services offered by an organization for planning and reporting purposes? 2nd assignment This assignment will require you to consider several influences to the budgeting process of a health care institution. Here, you will review payer mix and other influences to revenue as you consider revenue factors for the budget.
- Evaluating a film for its significance to the study of social justice movements
- paper that: relates how all four of the planning concepts (phasing, branches, planning horizons, and forward and reverse planning) as well as strategic, operational, and tactical planning helps sequence operations within the planning process compares and contrasts how all four of the planning concepts, as well as strategic, operational, and tactical planning would be implemented in specific emergency situations during the planning process.
- Identify a professional organization related to your desired role; report on the aims and activities of the organization. Also, describe the research interest of the organization.
- What information might you use, besides the financial statements of an organization, when analyzing its financial health? Be specific, and identify the usefulness of the information that you identify.