Benchmark Assignment—Finance Trends

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timer Asked: Dec 26th, 2018
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Question description

Write a 700- to 1,050-word paper in which you:

  • Analyze a financial and economic issue in the health care industry.
    • Choose a current financial or economic issue in 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?
    • Analyze the issue and its financial impact on the health care industry.
    • Provide recommendations for improving the issue. Consider current strategies being used or presented for improving the issue.
      • Include what you believe would be the outcome of these recommendations if implemented.

Cite 3 peer-reviewed, scholarly, or similar references to support your paper.

Format your paper according to APA guidelines.

Note: While you identified issues in the Week Two Finance Environment assignment, you must explore them in more detail and depth in this assignment.

Finance Trends HCS/385 Version 3 1 Benchmark Assignment: Finance Trends The Week Five assignment has been identified as a tool to assist in the University’s programmatic assessment cycle. As such, completed student assignments will be periodically gathered for program analysis purposes. To assist in maintaining the integrity of the data collected, faculty cannot change the content of this signature assignment so the college can gather consistent data across campuses. Thank you for your support in the assessment of student learning. For this assignment, you have been provided with a paper version of the assignment rubric. At this time, the course will not have the traditional embedded rubric. Our assessment team would like to pilot this assignment and rubric by receiving feedback from faculty regarding the content assessed, flow, readability, and ease of grading the assignment and rubric prior to embedding a traditional assignment rubric. This pilot will allow our team to create and assess a high-quality assignment and rubric for our students and faculty. Total Points Available: 15 Assignment Criteria Financial and Economic Issues Point Range Does Not Meet Expectations F—D (0-69%) Approaches Expectations C (70-79%) Meets Expectations B—A (80-94%) Identified prevalence of financial and economic issues in the health care industry but lacked explanation or specific examples; or student did not address prevalence of financial and economic issues in the health care industry. . Explained prevalence of financial and economic issues in the health care industry, but lacked depth or specific examples; explanations for the most part were accurate. Analyzed prevalence of financial and economic issues in the health care industry; analysis was accurate and clear. 0 — 0.9 1 — 1.5 1.6 — 2.5 Exceeds Expectations A (95-100%) Number of Points Awarded and Feedback Analyzed prevalence of _____/ 3 financial and economic issues in the health care industry. Uses evaluation Feedback: to form a unique conclusion regarding the prevalence of financial and economic issues in the health care industry. 2.6 — 3 Finance Trends HCS/385 Version 3 2 Total Points Available: 15 Assignment Criteria Financial Impact Point Range Does Not Meet Expectations F—D (0-69%) Approaches Expectations C (70-79%) Identified the chosen issue and its financial impact on the health care industry but lacked explanation or specific examples; or student did not address the chosen issue and its financial impact on the health care industry. . Explained the chosen issue and its financial impact on the health care industry, but lacked depth or specific examples; explanations for the most part were accurate. 0 — 0.9 Recommendat Explained ions recommendations for improving the issue but lacked depth or specific examples; or student did not address recommendations for improving the issue. Point Range 0 — 0.9 1 — 1.5 Analyzed recommendations for improving the issue; explanations for the most part were accurate. 1 — 1.5 Meets Expectations B—A (80-94%) Analyzed the chosen issue and its financial impact on the health care industry; analysis was accurate and clear. 1.6 — 2.5 Provided recommendations for improving the issue; Recommendations are logical and clear. 1.6 — 2.5 Exceeds Expectations A (95-100%) Number of Points Awarded and Feedback Analyzed the chosen _____/ 3 issue and its financial impact on the health care industry. Uses evaluation Feedback: to form a unique conclusion regarding the chosen issue and its financial impact on the health care industry. 2.6 — 3 Created strategies to implement recommendations for improving the issue; strategies are clear, relevant, and supported logical connections between current issues and ideal future state. 2.6 — 3 _____/ 3 Feedback: Finance Trends HCS/385 Version 3 3 Total Points Available: 15 Assignment Criteria Writing Conventions Point Range Information Utilization Does Not Meet Expectations F—D (0-69%) Approaches Expectations C (70-79%) Frequent occurrences of writing convention errors detract from the content. Occasional occurrences of writing convention errors may detract from the content. Rare occurrences of writing convention errors do not detract from the content. Did not stay on topic in relation to the purpose of the assignment, information was not presented in a logical order or sequence. Stayed on topic in relation to the purpose of the assignment, but did not consistently present information in a logical order or sequence. Coherently discussed the topic in relation to the purpose of the assignment and presented information in a logical order or sequence. 0 — 0.9 Cited one peerreviewed, scholarly, or similar references; application to assignment content was not apparent, or student did not complete this element of the assignment. 1 — 1.5 Cited two peer-reviewed, scholarly, or similar references; application to assignment content was weak. Citation(s) were accurate but may not have been formatted according to APA guidelines. Citation, if included, may not have been formatted according to APA guidelines. Point Range 0 — 0.9 1 — 1.5 Meets Expectations B—A (80-94%) 1.6 — 2.5 Exceeds Expectations A (95-100%) Accurate application of writing conventions enhance the content. Number of Points Awarded and Feedback _____/ 3 Feedback: Masterfully discussed the topic in relation to the purpose of the assignment and seamlessly presented information in a logical order or sequence. 2.6 — 3 Cited a minimum of three peer-reviewed, scholarly, or similar references; application to assignment content was relevant. Cited more than three _____/ 3 peer-reviewed, scholarly, or similar references; Feedback: application to assignment content was relevant and compelling. Citations were accurate and formatted according to APA guidelines with few format errors. Citations were accurate and formatted according to APA guidelines with no format errors. 1.6 — 2.5 2.6 — 3
1 Finance Environment Matrix LaTisha Thorn HCS/385 December 10, 2018 Mark Williams • • • Hippa and PHI Reimbursement Rates Entities must comply with compliance and regulation according to CMS • Healthcare changes so quickly hard for entities to keep up. Ethical concerns with genetic engineering and modified cells Robotic Procedures • • 2 • • Obama Care States not accepting the federal money 3 4 References Healthcare Reform(). Retrieved from https://www.apha.org/topics-and-issues/health-reform CMS Medicare(). Retrieved from https://www.cms.gov/Medicare/Medicare.html Obama Care Act(). Retrieved from https://www.thebalance.com/obamacare-facts-9-aca-facts-thatyou-dont-know-3306071

Tutor Answer

Missfomen
School: UT Austin

Attached.

Running Head: Financial and Economic Issues in the Healthcare Industry

Financial and Economic Issues in the Healthcare Industry

Name

Course

Professor

Date

1

Financial and Economic Issues in Healthcare Industry

2

Financial and Economic Issues in Healthcare Industry

The healthcare industry is one sector of the economy that is grappling with many
challenges and issues that affect full operations and profitability within the sector. These issues
can be attributed to the trends that are changing the operational landscape of the healthcare
industry. Physicians and healthcare providers alike are incurring losses due to failure by thirdparty payers, especially so the government, which is the largest third-party payer to pay the costs
billed to them in full. It is thus imperative to address the issues and find solutions that can help to
improve the situation within the industry.

One financial issue that is prominent in the healthcare industry is the decreased
reimbursement rates. Owing to the changes in payment options, technological advancements, and
reforms in healthcare policies like the Affordable Care Act, the healthcare industry is facing a
big challenge when it comes to reimbursement. Reimbursement essentially entails the payment
received by a hospital, healthcare facility or providers for offering medical service to an
individual or a patient. With the new health delivery model of value-based care, rates of
reimbursement have changed compared to the tr...

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