Formative 1
Healthcare Finance
Thriving in Healthcare Financial Management takes the ability to be flexible and agile with the changing times.
In this assessment, we will look deeper into financial risk assessment and templates available to help leaders with decision-making.
Using one of the standardized decision-making financial risk tools, fill out how a leader would walk through a decision. Take a topic from one of the above readings. Also, consider what Healthcare Financial Management Association’s (HFMA) Chair Mary Mirabelli says about thriving in the healthcare financial management industry:
Formative 2
Healthcare Finance
Let’s assess leadership decision-making through various financial considerations. We will review a post-COVID pandemic summary of how the NHS maneuvered through the COVID pandemic.
As a healthcare leader, finance teams play a key component when providing healthcare leaders with data to make informed decisions. To learn more about how finance departments and leaders listen to Dan Unger, HealthCatalyst’s General Manager and Senior Vice President of Financial Transformation Business, as he discusses common financial pitfalls and the critical need for an agile financial solution. Pay attention to any overlaps in possible services for physicians as customers.
Pick an example from the video from HealthCatalyst. Using the template below, write a 2-page memo to a healthcare administrator explaining some of the challenges experienced and how the NHS moved quickly to change the way things worked through ability, speed, and creativity.
Click here to download a copy of the assignment template.
Summative
Develop a document with potential avenues an organization can take to create a more value-based world.
Specific Assignment Details
- Review the Deloitte "VBC Transformation for Providers" article
- Write a 5-7 page APA paper, excluding Cover and Reference pages, that includes the following:
- How an organization can reach the tipping point, including tipping point calculation and which indicator is more precise.
- The difference between attributed lives and patient service revenue (increasing attributed lives and network utilization).
- The two (2) items needed to increase the percentage of revenue in VBC.
- Document should utilize at least 5 peer-reviewed references from within the past 3 years.
Refer to the rubricDownload rubric for evaluation criteria.