FM006: Conduct an Operational Analysis: Conduct operational analyses to ensure operational efficiency and financial viability. Assessment Rubric Rubric Criteria Needs Improvement Meets Expectations Exceeds Expectations Leadership Orientation Presentation on Healthcare Financial Management Learning Objective 1.1: Describe the impact of financial concepts on decision making in a healthcare organization. Presentation does not describe, unclearly or inaccurately describes the impact of the following financial concepts on decision making in a healthcare organization: • Managing material assets. • Leveraging the cost of trade credit. • Lease financing and business valuation • Assessment of potential expenditures on capital investment. • Long-term financing options. • Project risk analyses. • Post-audits and project performance. Response does not include references to academic/professional resources, or the resources are not relevant. Presentation clearly and accurately describes the impact of the following financial concepts on decision making in a healthcare organization: • Managing material assets. • Leveraging the cost of trade credit. • Lease financing and business valuation • Assessment of potential expenditures on capital investment. • Long-term financing options. • Project risk analyses. • Post-audits and project performance. Presentation demonstrates the same level of achievement as “Meets,” plus the following: Presentation provides at least one specific example of the impact of at least three financial concepts discussed on an actual decision made in a healthcare organization. Response includes references to relevant © 2021 Walden University 1 Rubric Criteria Learning Objective 1.2: Explain the importance of financial analysis in the role of healthcare leader. Learning Objective 1.3: Describe major factors healthcare leaders must consider when making capital investment or capital structure decisions. Learning Objective 1.4: © 2021 Walden University Needs Improvement Presentation does not explain or unclearly or inaccurately explains the importance of financial analysis in the role of healthcare leader. Response does not include references to academic/professional resources, or the resources are not relevant. Presentation does not describe, describes less than two or unclearly or inaccurately describes two major factors that leaders must consider when making capital investment or capital structure decisions. Response does not include references to academic/professional resources, or the resources are not relevant. Presentation does not explain, or unclearly or inaccurately explains the process of project risk analyses. Meets Expectations academic/professional resources. Presentation clearly and accurately explains the importance of financial analysis in the role of healthcare leader. Response includes references to relevant academic/professional resources. Presentation clearly and accurately describes at least two major factors that leaders must consider when making capital investment or capital structure decisions. Response includes references to relevant academic/professional resources. Presentation clearly and accurately explains the process of project risk analyses. Exceeds Expectations Presentation demonstrates the same level of achievement as “Meets,” plus the following: Presentation provides specific examples of how healthcare leaders use financial analysis. Presentation demonstrates the same level of achievement as “Meets,” plus the following: Presentation clearly and accurately describes at three or more major factors that leaders must consider when making capital investment or capital structure decisions. Presentation demonstrates the same level of achievement as “Meets,” plus the following: 2 Rubric Criteria Explain the process of project risk analyses. Needs Improvement Response does not include references to academic/professional resources, or the resources are not relevant. Meets Expectations Response includes references to relevant academic/professional resources. Learning Objective 1.5: Presentation does not explain, unclearly or inaccurately explains how to incorporate risk assessments into the capital investment decision process. Presentation clearly and accurately explains how to incorporate risk assessments into the capital investment decision process. Explain how to incorporate risk assessments into the capital Response does not include investment decision references to academic/professional process. resources, or the resources are not relevant. Learning Objective 1.6: Explain the importance of postaudits in the implementation of projects. Learning Objective 1.7: © 2021 Walden University Response includes references to relevant academic/professional resources. Presentation does not explain, unclearly or inaccurately explains the importance of post-audits in the implementation of projects. Presentation clearly and accurately explains the importance of post-audits in the implementation of projects. Response does not include references to academic/professional resources, or the resources are not relevant. Presentation does not recommend, recommends fewer than two, or Response includes references to relevant academic/professional resources. Presentation clearly or accurately recommends at Exceeds Expectations Presentation includes a specific example to illustrate the process of project risk analyses. Presentation demonstrates the same level of achievement as “Meets,” plus the following: Presentation includes a specific example to illustrate how to incorporate risk assessments into the capital investment decision process. Presentation demonstrates the same level of achievement as “Meets,” plus the following: Presentation explains the process of how postaudits are conducted. Presentation demonstrates the same 3 Rubric Criteria Recommend resources healthcare leaders should use to gain more information on financial management of projects in a healthcare organization. © 2021 Walden University Needs Improvement unclearly or inaccurately recommends two resources healthcare leaders should use to gain more information on the financial management of projects in a healthcare organization. Meets Expectations least two resources healthcare leaders should use to gain more information on the financial management of projects in a healthcare organization. Response does not include references to academic/professional resources, or the resources are not relevant. Response includes references to relevant academic/professional resources. Exceeds Expectations level of achievement as “Meets,” plus the following: Presentation clearly or accurately recommends more than two resources healthcare leaders should use to gain more information on the financial management of projects in a healthcare organization. 4 Overview This Assessment requires submission of one (1) document. Save the file as FM006_firstinitial_lastname (for example, FM006_J_Smith). When you are ready to upload your completed Assessment, use the Assessment tab on the top navigation menu. Access the following to complete this Assessment: • • Use the APA course paper template available here. Download the Writing Checklist to review prior to submitting your Assessment. Rubric For the Assessment, assume that you are a financial expert at Arizona Health Services (AHS), a large not-for profit hospital system and you have been charged with conducting an operational analysis on a single resource or asset. You will report the results of your analysis in an email to the AHS leadership in which you explain the efficiency and viability of the resource or asset you selected. To complete the Assessment, conduct an operational analysis of a single resource or asset in which you determine whether the resource or asset is efficient and viable. As you prepare the email, consider the following: • • • • • • • How managing material assets contributes to making effective management decisions and ensuring operational efficiency. How leveraging the cost of trade credit can improve cash flow and enhance working capital. How lease financing and business valuation that can help healthcare managers use financial resources effectively. How the assessment of potential expenditures on capital investment informs capital investment decisions. How long-term financing options allow healthcare organizations to achieve financial and operational viability in the long-term. How project risk analyses are used to conduct the appropriate risk evaluation for the project. How post-audits contribute to the review of project performance. Your email should include the following: • • • • • Describe the resource or asset you selected. Explain how the resource or asset is used in the healthcare facility. Describe the operational analysis process you used to determine the efficiency and viability of the asset or resource selected Explain whether the resource or asset is the most viable and efficient option. Justify your determination.
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