IHP 620 Final Project Guidelines and Rubric

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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 �rst is an analysis of microeconomic and macroeconomic principles and their impact on healthcare markets,

healthcare service, and organizations. The �rst 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 �rst part to a U.S.-based healthcare

organization of your choice, as you discuss the impact of economic theories and legislative changes on the speci�c organization. You will make a few general recommendations for your selected

organization that will help them plan for and mitigate negative economic and �scal 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 bene�t 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 �nancial 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 nonpro�t and for-pro�t healthcare organizations in terms of monetary and �scal policy

Analyze healthcare �nancial 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 speci�c organizations? Why do organizations in healthcare utilize economic and �nancial theories to guide strategic planning, and how do these actions

impact disparities of care?

Speci�cally, 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 E i Di iti A l th l ti hi b t th � i l ll b i f th i d t d il bilit f h lth i id ti f k t d d d th i

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A. Economic Disparities: Analyze the relationship between the �nancial 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-Pro�t and Nonpro�t:

A. Financial Differentiation: What differentiates for-pro�t and nonpro�t healthcare organizations �nancially? What characteristics of each type of healthcare organization make

the organizations different?

B. Economic Differentiation: What differentiates for-pro�t and nonpro�t healthcare in terms of economic policies and legislation? What key recent and current economic

policies impact each?

IV. Policy, Changes, and Disparities:

A. Economic Policy and Disparities in Care: Using current research and information (within the last �ve 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.

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

�nancial background of the organization?

B. Nonpro�t or For-Pro�t: Is the organization you selected a nonpro�t or a for-pro�t? What differences will this make in terms of economic policy impact?

VI. Financials, Market, and Demand:

A. Demand Theory: Explain how demand theory is re�ected in the organizational �nancial statements.

B. Market Behavior Impact: Explain how and why market behavior affects the �nancial 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 �nancial 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?

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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 �nal project using the resources provided.. You will present your proposal to the instructor for

approval to ensure that you will have access to suf�cient �nancial information on the healthcare organization to complete the �nal 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 �rst 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 �nal project. It should be a complete, polished artifact containing all of the critical elements of the �nal product. It should re�ect the incorporation of

feedback gained throughout the course. This submission will be graded with the Final Project Rubric.

What to Submit

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.

Final Project Rubric

Criteria Exemplary (100%) Pro�cient (90%) Needs Improvement (70%) Not Evident (0%) Value

Introduction Meets “Pro�cient” criteria and

description is concise, without

super�uous detail, or the

quality of the introduction

establishes expertise in the

subject

Describes clearly the purpose,

scope, and subject of the report

Describes the purpose, scope,

and subject of the report, but

with gaps in clarity or detail

Does not describe the purpose,

scope, and subject of the report

5.7

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Criteria Exemplary (100%) Pro�cient (90%) Needs Improvement (70%) Not Evident (0%) Value

Economic Disparities Meets “Pro�cient” criteria and

analysis demonstrates strong

analytical skills through

nuanced comparison of

theories

Accurately analyzes the

relationship between the

�nancial well-being of the

industry and availability of

healthcare, using market and

demand theories as support

Analyzes the relationship

between the �nancial well-

being of the industry and

availability of healthcare, but

without market and demand

theory support or with gaps in

accuracy

Does not analyze the

relationship between the

�nancial well-being of the

industry and availability of

healthcare

5.7

Economic Theories Meets “Pro�cient” criteria and

the quality and detail of the

conclusions evidences keen

insight into the application of

economic theory within the

healthcare environment

Determines what economic

theories are most applicable to

the healthcare industry and

explains conclusions in detail

Determines economic theories

that are applicable and explains

why, but lacks detail or

accuracy

Does not determine economic

theories that are applicable or

explain why

5.7

Use of Economic Principles Meets “Pro�cient” criteria and

explanation evidences keen

insight into the economic

impact of organizational

planning

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

Does not explain why individual

organizations utilize economic

principles for short-term and

long-term strategic planning

5.7

Financial Differentiation Meets “Pro�cient” criteria and

comparison evidences keen

insight into the �nancial needs,

requirements, and impacts on

and for the two types of

organizations

Accurately differentiates

between for-pro�t and not-for-

pro�t healthcare organizations

in terms of �nances and

organizational characteristics

Differentiates between for-

pro�t and not-for-pro�t

healthcare organizations, but

not in terms of �nances and

organizational characteristics,

or with gaps in accuracy

Does not differentiate between

for-pro�t and not-for-pro�t

healthcare organizations

5.7

Economic Differentiation Meets “Pro�cient” criteria and

comparison evidences keen

insight into the nuanced

relationships between the type

of organizations and economic

policies and legislation

Accurately differentiates

between for-pro�t and not-for-

pro�t healthcare organizations

in terms of economic policies,

legislation, and recent changes

Differentiates between for-

pro�t and not-for-pro�t

healthcare organizations, but

not in terms of economic

policies, legislation, and recent

changes, or with gaps in

accuracy

Does not differentiate between

for-pro�t and not-for-pro�t

healthcare organizations

5.7

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Criteria Exemplary (100%) Pro�cient (90%) Needs Improvement (70%) Not Evident (0%) Value

Economic Policy and

Disparities in Care

Meets “Pro�cient” criteria and

analysis evidences keen insight

into the nuances of and varied

in�uences on the relationship

between economic policy and

care

Accurately analyzes the

relationship between economic

policy and disparities in care,

using current data

Analyzes the relationship

between economic policy and

disparities in care, but with

gaps in accuracy, or without

using current data

Does not analyze the

relationship between economic

policy and disparities in care

5.7

Policy Changes Meets “Pro�cient” criteria and

determinations provide a broad

view of healthcare economic

policy within the current

environment

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

Disparities Planning Meets “Pro�cient” criteria and

description effectively ties the

explanation to the real world

using examples and relevant

sources for support

Accurately describes why

disparities of care are factored

into healthcare strategic

planning with examples for

support

Describes why disparities of

care are factored into

healthcare strategic planning,

but with gaps in accuracy or

support

Does not describe why

disparities of care are factored

into healthcare strategic

planning

5.7

Organization Introduction Meets “Pro�cient” criteria and

description is concise by

delivering key elements

without super�uous detail

Accurately and in detail

describes the selected

organization, sub-industry, and

�nancial background

Describes the selected

organization, sub-industry, and

�nancial background, but with

gaps in accuracy or detail

Does not describe the selected

organization, sub-industry, and

�nancial background

5.7

Nonpro�t or For-Pro�t Meets “Pro�cient” criteria and

summary evidences ability to

translate the larger view of

economic impact in healthcare

to the level of a speci�c

organization

Determines whether the

organization is for-pro�t or

nonpro�t and accurately

summarizes the impact this fact

will have in terms of economic

policy

Determines whether the

organization is for-pro�t or

nonpro�t and summarizes the

impact this fact will have in

terms of economic policy, but

with gaps in detail or accuracy

Does not determine whether

the organization is for-pro�t or

nonpro�t or summarize the

impact this fact will have in

terms of economic policy

5.7

Demand Theory Meets “Pro�cient” criteria and

evidences keen insight into

appropriate application and use

of demand theory for a

particular organization

Accurately describes how

demand theory is re�ected in

the organizational �nancial

statements

Describes how demand theory

is related to the �nancial

statements, but with gaps in

accuracy or detail regarding

how the statements re�ect

demand theory

Does not describe how demand

theory is related to the �nancial

statements

5.7

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Criteria Exemplary (100%) Pro�cient (90%) Needs Improvement (70%) Not Evident (0%) Value

Market Behavior Impact Meets “Pro�cient” criteria and

explanation evidences keen

insight into the nuanced

relationship between market

behavior and �nancial impacts

to an organization

Accurately explains how

market behavior impacts the

�nancial statements of the

organization at various times

throughout the year, and

explains why

Explains how and why market

behavior impacts the �nancial

statements of the organization

at various times throughout the

year, but with gaps in detail or

accuracy

Does not explain how and why

market behavior impacts the

�nancial statements of the

organization at various times

throughout the year

5.7

Legislative Changes Meets “Pro�cient” criteria and

evidences keen insight into how

the current economic

legislation changes will impact

organizations

Accurately determines and

explains the recent economic

legislative changes that would

most likely impact the selected

organization

Determines and explains the

recent economic legislative

changes that would most likely

impact the selected

organization, but with gaps in

accuracy or detail

Does not determine and explain

the recent economic legislative

changes that would most likely

impact the selected

organization

5.7

Policy Changes and Impact Meets “Pro�cient” criteria and

evidences keen insight into the

nuanced impact of legislative

changes on healthcare

organizations

Logically determines the impact

the recent legislative changes

will have on the selected

organization and its policies,

with supportive detail

Determines the impact the

recent legislative changes will

have on the organization and its

policies, but with gaps in logic

or supporting detail

Does not determine the impact

the recent legislative changes

will have on the organization

and its policies

5.7

Statement Impact Meets “Pro�cient” criteria and

evidences keen insight into the

facets and factors that

in�uence �nancial statements

Accurately describes how the

�nancial statements are

impacted based on the

legislative and policy changes

Describes how the �nancial

statements are impacted but

lacks accuracy or necessary

detail regarding legislative and

policy changes

Does not describe how the

�nancial statements are

impacted

5.7

Potential Disparities Meets “Pro�cient” criteria and

evidences keen insight into the

continuously evolving

healthcare environment or the

unpredictable impacts of

legislation on speci�c

organizations and availability of

care

Recommends logical methods

to plan for legislative and

policy-driven disparities in care

to prevent further

organizational impact

Recommends methods to plan

for legislative and policy-driven

disparities in care, but they

would not logically prevent

further organizational impact

Does not recommend methods

to plan for legislative and

policy-driven disparities in care

5.7

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Criteria Exemplary (100%) Pro�cient (90%) Needs Improvement (70%) Not Evident (0%) Value

Articulation of Response Submission is free of errors

related to citations, grammar,

spelling, syntax, and

organization and is presented

in a professional and easy-to-

read format

Submission has no major errors

related to citations, grammar,

spelling, syntax, or organization

Submission has major errors

related to citations, grammar,

spelling, syntax, or organization

that negatively impact

readability and articulation of

main ideas

Submission has critical errors

related to citations, grammar,

spelling, syntax, or organization

that prevent understanding of

ideas

3.1

Total: 100%