In this scenario, assume you are in the role of a mid-level manager within a large health care organization. In order to support continuous improvement and career development, your organization
In this scenario, assume you are in the role of a mid-level manager within a large health care organization. In order to support continuous improvement and career development, your organization requires you to annually choose a professional development focus, justify the relevance of this focus, and then set related goals for the knowledge you want to obtain.
To finalize this process, you must submit a detailed memo to the organization’s human resource department detailing the above information. This year you have chosen to focus on the relevance of increasing your knowledge of and expertise in health care economics to your career as a health care manager.
Requirements
Write a formal 3–4-page business memorandum (memo) to submit to the human resource department. In your memo:
Communicate your professional development focus by writing professional development goals focused on increasing your knowledge of health care economics from a health care management perspective.
Communicate key concerns related to the uncertain future of health care in the United States, considering the trade-off between cost, quality, and access of health care and how economics can help you better prepare for these concerns as a health care manager.
Discuss the relevance of key economic concepts to health care markets, systems, and health care professionals. Cover concepts such as scarcity and choice, opportunity cost, marginal analysis, self-interest, markets and pricing, supply and demand, competition, efficiency, market failure, and comparative advantage.
Discuss how you plan to use and benefit from economic evaluation techniques in health care decision making.
Identify and provide annotative detail on a variety of useful journals, professional associations, conferences, and other resources that would help you increase your knowledge of health care economics. The annotative details should explain why you chose the source (its value) and how it ties into your professional development goals.
Use language that will help to convince the human resource department that you have made a viable choice for your professional development. Write clearly, effectively, and professionally, using current APA style to cite and reference any resources used.
Additional Requirements
Written communication: Should be clear, concise, well organized, and free of errors that detract from the overall message, as expected of a business professional.
Length: 3–4 double-spaced pages, excluding cover and reference pages.
APA formatting: Citations and references should be formatted according to current APA style. Refer to APA Style Central for guidance in using proper APA style. See the APA Style and Format section of the Writing Center for instructions on accessing and using APA Style Central.
Font and font size: Times New Roman, 12 point.
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