Differentiate between nonprofit and for-profit healthcare organizations in terms of monetary and fiscal policy

The healthcare industry is impacted by economic factors as heavily as any other industry; therefore, a microeconomic and macroeconomic perspective is important for healthcare management professionals to have. The key is to determine what and how theories of economics and changes in legislation will impact healthcare organizations. Your assessment for this course, a policy research and organizational analysis report, is divided into two parts. The first is an analysis of microeconomic and macroeconomic principles and their impact on healthcare markets, healthcare service, and organizations. The first part will require you to apply the knowledge you have gained throughout this course, as well as to research current economic environments and legislative changes to gauge the impact on the healthcare industry. The second part will require you to apply the results of your analysis from the first part to a U.S.-based healthcare organization of your choice, as you discuss the impact of economic theories and legislative changes on the specific organization. You will make a few general recommendations for your selected organization that will help them plan for and mitigate negative economic and fiscal impact. These assessments will allow you to examine the relationships between economics, legislative changes and policies, healthcare industries, and individual organizations, a skill that will benefit you as you participate in the management of healthcare departments, organizations, and projects.

You will select an organization for your second assessment and use the following resources to ensure that you will have access to the healthcare organization’s financial information: DBHoovers, ProPublica, or American Hospital Directory. You will choose your organization in Milestone One for instructor approval.

This assessment addresses the following course outcomes:

 Analyze how organizations utilize key microeconomic and macroeconomic principles to guide strategic planning and decision making in healthcare

 Differentiate between nonprofit and for-profit healthcare organizations in terms of monetary and fiscal policy

 Analyze healthcare financial statements through the application of demand theory and market behavior

 Determine the impact of key economic legislative changes on healthcare policy

 Analyze the relationship between economic policy and disparities in healthcare utilizing current research

Prompt

Your policy research and organizational analysis should answer the following prompt: What is the relationship between economic policy changes, the market,

and availability of healthcare? How does this relationship impact specific organizations? Why do organizations in healthcare utilize economic and financial theories to guide strategic planning, and how do these actions impact disparities of care?

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IHP 620 Final Project Guidelines and Rubric Overview The healthcare industry is impacted by economic factors as heavily as any other industry; therefore, a microeconomic and macroeconomic perspective is important for healthcare management professionals to have. The key is to determine what and how theories of economics and changes in legislation will impact healthcare organizations. Your assessment for this course, a policy research and organizational analysis report, is divided into two parts. The first is an analysis of microeconomic and macroeconomic principles and their impact on healthcare markets, healthcare service, and organizations. The first part will require you to apply the knowledge you have gained throughout this course, as well as to research current economic environments and legislative changes to gauge the impact on the healthcare industry. The second part will require you to apply the results of your analysis from the first part to a U.S.-based healthcare organization of your choice, as you discuss the impact of economic theories and legislative changes on the specific organization. You will make a few general recommendations for your selected organization that will help them plan for and mitigate negative economic and fiscal impact. These assessments will allow you to examine the relationships between economics, legislative changes and policies, healthcare industries, and individual organizations, a skill that will benefit you as you participate in the management of healthcare departments, organizations, and projects. You will select an organization for your second assessment and use the following resources to ensure that you will have access to the healthcare organization’s financial information: DBHoovers, ProPublica, or American Hospital Directory. You will choose your organization in Milestone One for instructor approval. This assessment addresses the following course outcomes:      Analyze how organizations utilize key microeconomic and macroeconomic principles to guide strategic planning and decision making in healthcare Differentiate between nonprofit and for-profit healthcare organizations in terms of monetary and fiscal policy Analyze healthcare financial statements through the application of demand theory and market behavior Determine the impact of key economic legislative changes on healthcare policy Analyze the relationship between economic policy and disparities in healthcare utilizing current research Prompt Your policy research and organizational analysis should answer the following prompt: What is the relationship between economic policy changes, the market, and availability of healthcare? How does this relationship impact specific organizations? Why do organizations in healthcare utilize economic and financial theories to guide strategic planning, and how do these actions impact disparities of care? Specifically, the following critical elements must be addressed: I. Introduction: What is the purpose, scope, and subject of your report? II. Economic Theories and Principles: A. Economic Disparities: Analyze the relationship between the financial well-being of the industry and availability of healthcare, in consideration of market and demand theories. B. Economic Theories: What economic theories are most useful when applied to the healthcare industry and why? C. Use of Economic Principles: Why do organizations utilize economic principles to guide strategic short-term and long-term decision making? III. For-Profit and Nonprofit: A. Financial Differentiation: What differentiates for-profit and nonprofit healthcare organizations financially? What characteristics of each type of healthcare organization make the organizations different? B. Economic Differentiation: What differentiates for-profit and nonprofit healthcare in terms of economic policies and legislation? What key recent and current economic policies impact each? Policy, Changes, and Disparities: A. Economic Policy and Disparities in Care: Using current research and information (within the last five years), analyze the relationship between economic policy and disparities in care. How are they connected? How do they differ? B. Policy Changes: What impact do recent legislative changes have on healthcare economic policy in general? [ C. Disparities Planning: Why are disparities of care factored into healthcare strategic planning? Explain your reasoning and provide examples for support where appropriate. IV. V. Organizational Impact and Recommendations: A. Organization Introduction: What organization is the focus of your report, the sub-industry or type of organization it belongs to (home care, hospital, etc.), and what is the financial background of the organization? B. Nonprofit or For-Profit: Is the organization you selected a nonprofit or a for-profit? What differences will this make in terms of economic policy impact? VI. Financials, Market, and Demand: A. Demand Theory: Explain how demand theory is reflected in the organizational financial statements. B. Market Behavior Impact: Explain how and why market behavior affects the financial statements at various times throughout the calendar year for your organization. VII. Economic Legislative Changes: A. Legislative Changes: Considering the economic and legislative changes you researched, what changes are most likely to impact your organization, and why? B. Policy Changes and Impact: Considering the legislative changes and type of organization you have selected, what possible organizational policies may result? Discuss the possible resulting policy changes that may occur within the organization. What is, or will be, the impact of these policy and legislative changes on your organization? C. Statement Impact: In what ways would you expect to see the financial statements to be impacted because of these changes, and why? D. Potential Disparities: Would the legislative changes cause disparities in care that could further impact your organization, or that your organization could plan to combat? How would you recommend planning for these? Milestones Milestone One: Propose Organization for Analysis In Module Three, you will select the organization you would like to analyze in part two of the final project using the resources provided.. You will present your proposal to the instructor for approval to ensure that you will have access to sufficient financial information on the healthcare organization to complete the final project. This milestone is graded with the Milestone One Rubric. Milestone Two: Policy Research In Module Five, you will submit a draft of your policy research report. You will apply the knowledge you have gained through the first half of the course, as well as research current economic environments and legislative changes, to gauge the impact on the healthcare industry through this report. This milestone is graded with the Milestone Two Rubric. Milestone Three: Organizational Analysis In Module Seven, you will submit a draft of your organizational analysis report. You will apply the economic principles you have examined through this point in the course to your chosen organization in this report. This milestone is graded with the Milestone Three Rubric. Final Submission: Policy Research and Organizational Analysis Report In Module Nine, you will submit your final project. It should be a complete, polished artifact containing all of the critical elements of the final product. It should reflect the incorporation of feedback gained throughout the course. This submission will be graded with the Final Project Rubric. Deliverables Milestone Deliverable Module Due Grading Three Graded separately; Milestone One Rubric Five Graded separately; Milestone Two Rubric Organizational Analysis Seven Graded separately; Milestone Three Rubric Policy Research and Organizational Analysis Report Nine Graded separately; Final Project Rubric One Propose Organization for Analysis Two Policy Research Three Final Project Rubric Guidelines for Submission: Your report should be in APA format and all resources and references should be cited appropriately. The number of pages is not as important as the content and quality of communication; however, a well-written, concise report will likely fall within the range of 8–15 pages, not including references and title page. Critical Elements Introduction Economic Disparities Economic Theories Use of Economic Principles Financial Differentiation Exemplary (100%) Meets “Proficient” criteria and description is concise, without superfluous detail, or the quality of the introduction establishes expertise in the subject Meets “Proficient” criteria and analysis demonstrates strong analytical skills through nuanced comparison of theories Meets “Proficient” criteria and the quality and detail of the conclusions evidences keen insight into the application of economic theory within the healthcare environment Meets “Proficient” criteria and explanation evidences keen insight into the economic impact of organizational planning Meets “Proficient” criteria and comparison evidences keen insight into the financial needs, requirements, and impacts on and for the two types of organizations Proficient (90%) Describes clearly the purpose, scope, and subject of the report Needs Improvement (70%) Describes the purpose, scope, and subject of the report, but with gaps in clarity or detail Not Evident (0%) Does not describe the purpose, scope, and subject of the report Value 5.7 Accurately analyzes the relationship between the financial well-being of the industry and availability of healthcare, using market and demand theories as support Determines what economic theories are most applicable to the healthcare industry and explains conclusions in detail Analyzes the relationship between the financial well-being of the industry and availability of healthcare, but without market and demand theory support or with gaps in accuracy Determines economic theories that are applicable and explains why, but lacks detail or accuracy Does not analyze the relationship between the financial well-being of the industry and availability of healthcare 5.7 Does not determine economic theories that are applicable or explain why 5.7 Does not explain why individual organizations utilize economic principles for short-term and long-term strategic planning 5.7 Does not differentiate between for-profit and not-for-profit healthcare organizations 5.7 Logically explains why individual organizations utilize economic principles for short-term and long-term strategic planning Explains why individual organizations utilize economic principles for short-term and long-term strategic planning, but with gaps in logic or detail Accurately differentiates Differentiates between for-profit between for-profit and not-forand not-for-profit healthcare profit healthcare organizations in organizations, but not in terms of terms of finances and finances and organizational organizational characteristics characteristics, or with gaps in accuracy Economic Differentiation Meets “Proficient” criteria and comparison evidences keen insight into the nuanced relationships between the type of organizations and economic policies and legislation Economic Policy and Meets “Proficient” criteria and Disparities in Care analysis evidences keen insight into the nuances of and varied influences on the relationship between economic policy and care Policy Changes Meets “Proficient” criteria and determinations provide a broad view of healthcare economic policy within the current environment Disparities Planning Meets “Proficient” criteria and description effectively ties the explanation to the real world using examples and relevant sources for support Organization Meets “Proficient” criteria and Introduction description is concise by delivering key elements without superfluous detail Nonprofit or For-Profit Meets “Proficient” criteria and summary evidences ability to translate the larger view of economic impact in healthcare to the level of a specific organization Demand Theory Meets “Proficient” criteria and evidences keen insight into appropriate application and use of demand theory for a particular organization Accurately differentiates between for-profit and not-forprofit healthcare organizations in terms of economic policies, legislation, and recent changes Differentiates between for-profit and not-for-profit healthcare organizations, but not in terms of economic policies, legislation, and recent changes, or with gaps in accuracy Analyzes the relationship between economic policy and disparities in care, but with gaps in accuracy, or without using current data Does not differentiate between for-profit and not-for-profit healthcare organizations 5.7 Does not analyze the relationship between economic policy and disparities in care 5.7 Accurately determines the impact recent legislation changes have had on economic healthcare policies in general Determines the impacts recent legislation changes have had on economic healthcare policies, but with gaps in accuracy or detail Does not determine the impact recent legislation changes have had on economic healthcare policies 5.7 Accurately describes why disparities of care are factored into healthcare strategic planning with examples for support Describes why disparities of care Does not describe why disparities are factored into healthcare of care are factored into strategic planning, but with gaps healthcare strategic planning in accuracy or support 5.7 Accurately and in detail describes the selected organization, subindustry, and financial background Determines whether the organization is for-profit or nonprofit and accurately summarizes the impact this fact will have in terms of economic policy Accurately describes how demand theory is reflected in the organizational financial statements Describes the selected organization, sub-industry, and financial background, but with gaps in accuracy or detail Determines whether the organization is for-profit or nonprofit and summarizes the impact this fact will have in terms of economic policy, but with gaps in detail or accuracy Describes how demand theory is related to the financial statements, but with gaps in accuracy or detail regarding how the statements reflect demand theory Does not describe the selected organization, sub-industry, and financial background 5.7 Does not determine whether the organization is for-profit or nonprofit or summarize the impact this fact will have in terms of economic policy 5.7 Does not describe how demand theory is related to the financial statements 5.7 Accurately analyzes the relationship between economic policy and disparities in care, using current data Market Behavior Impact Legislative Changes Policy Changes and Impact Statement Impact Potential Disparities Articulation of Response Meets “Proficient” criteria and explanation evidences keen insight into the nuanced relationship between market behavior and financial impacts to an organization Meets “Proficient” criteria and evidences keen insight into how the current economic legislation changes will impact organizations Accurately explains how market behavior impacts the financial statements of the organization at various times throughout the year, and explains why Explains how and why market behavior impacts the financial statements of the organization at various times throughout the year, but with gaps in detail or accuracy Accurately determines and Determines and explains the explains the recent economic recent economic legislative legislative changes that would changes that would most likely most likely impact the selected impact the selected organization, organization but with gaps in accuracy or detail Meets “Proficient” criteria and Logically determines the impact Determines the impact the evidences keen insight into the the recent legislative changes will recent legislative changes will nuanced impact of legislative have on the selected have on the organization and its changes on healthcare organization and its policies, with policies, but with gaps in logic or organizations supportive detail supporting detail Meets “Proficient” criteria and Accurately describes how the Describes how the financial evidences keen insight into the financial statements are statements are impacted but facets and factors that influence impacted based on the legislative lacks accuracy or necessary detail financial statements and policy changes regarding legislative and policy changes Meets “Proficient” criteria and Recommends logical methods to Recommends methods to plan evidences keen insight into the plan for legislative and policyfor legislative and policy-driven continuously evolving healthcare driven disparities in care to disparities in care, but they environment or the prevent further organizational would not logically prevent unpredictable impacts of impact further organizational impact legislation on specific organizations and availability of care Submission is free of errors Submission has no major errors Submission has major errors related to citations, grammar, related to citations, grammar, related to citations, grammar, spelling, syntax, and organization spelling, syntax, or organization spelling, syntax, or organization and is presented in a professional that negatively impact readability and easy-to-read format and articulation of main ideas Does not explain how and why market behavior impacts the financial statements of the organization at various times throughout the year 5.7 Does not determine and explain the recent economic legislative changes that would most likely impact the selected organization 5.7 Does not determine the impact the recent legislative changes will have on the organization and its policies 5.7 Does not describe how the financial statements are impacted 5.7 Does not recommend methods to plan for legislative and policydriven disparities in care 5.7 Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas Earned Total 3.1 100% IHP 620 Final Project Guidelines and Rubric Overview The healthcare industry is impacted by economic factors as heavily as any other industry; therefore, a microeconomic and macroeconomic perspective is important for healthcare management professionals to have. The key is to determine what and how theories of economics and changes in legislation will impact healthcare organizations. Your assessment for this course, a policy research and organizational analysis report, is divided into two parts. The first is an analysis of microeconomic and macroeconomic principles and their impact on healthcare markets, healthcare service, and organizations. The first part will require you to apply the knowledge you have gained throughout this course, as well as to research current economic environments and legislative changes to gauge the impact on the healthcare industry. The second part will require you to apply the results of your analysis from the first part to a U.S.-based healthcare organization of your choice, as you discuss the impact of economic theories and legislative changes on the specific organization. You will make a few general recommendations for your selected organization that will help them plan for and mitigate negative economic and fiscal impact. These assessments will allow you to examine the relationships between economics, legislative changes and policies, healthcare industries, and individual organizations, a skill that will benefit you as you participate in the management of healthcare departments, organizations, and projects. You will select an organization for your second assessment and use the following resources to ensure that you will have access

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