Key Performance Indicators: Explain the significance of at least six general key performance indicators (KPIs) from anywhere in the revenue cycle.

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IHP 630 Module Seven Project Preparation Guidelines and Rubric

Overview

In this module, you learned how to monitor key performance indicators (KPIs) and boost revenue-cycle management in healthcare organizations. You also explored how data analytics can be

leveraged to maintain a robust revenue cycle.

In this assignment, you will determine how KPIs support the strategic planning and �nancial performance of the revenue cycle.

This assignment will help you apply revenue-cycle principles to data analytics and evaluate the signi�cance of KPIs in strategic planning and �nancial performance. From a healthcare

management perspective, this assignment will help you explain the role of technology in managing the revenue cycle. This will help you prepare for sections 2 (Strategic Planning), 4A

(Improvement Processes), and 5 (Revenue-Cycle Process) in the course project.

Directions

Create a short paper on how KPIs support the strategic planning and �nancial performance of the revenue cycle.

If you need writing support, access the Online Writing Center through the Academic Support module of your course.

Speci�cally, you must address the following rubric criteria:

1. Key Performance Indicators: Explain the signi�cance of at least six general key performance indicators (KPIs) from anywhere in the revenue cycle. Consider the following questions to

guide your response:

Why are these KPIs signi�cant?

How do these KPIs impact patient experience?

2. Strategic Planning: Explain how the KPIs you selected support strategic planning. Consider the following questions to guide your response:

What could be some examples of strategic decisions that these KPIs impact?

How would the KPIs guide the organizations to develop price transparency tools for patients?

3. Data Analysis: Describe how you can identify opportunities for improving cash �ow from an organization’s �nancial data. Consider the following questions to guide your response:

How would you capture the data required for the analysis?

How would you restructure the revenue cycle work�ows to accommodate opportunities to improve the cash �ow?

4. Leveraging Technology: Explain how you can leverage technology to support opportunities for improving cash �ow. Consider the following questions to guide your response:

Which work�ows in the revenue cycle would best accommodate technological changes?

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What types of technological innovations should be considered for an improved performance of revenue-cycle operations?

All the claims in your deliverable should be evidence based. Your citations should be from your independent search for evidence (not from the textbook or module resources) of credible

sources and be current within the last �ve years. You are required to cite a minimum of two sources, at least one of which should be separate from your own research. Refer to the IHP 630

Library Guide located in the Start Here section of the course for additional support.

What to Submit

Submit your short paper as a 3- to 4-page Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins. Add a title page. Sources should be cited

according to APA style.

Module Seven Project Preparation Rubric

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

Key Performance Indicators Exceeds pro�ciency in an

exceptionally clear and

insightful manner, using

industry-speci�c language

Explains the signi�cance of at

least six general key

performance indicators from

anywhere in the revenue cycle

Shows progress toward

pro�ciency, but with errors or

omissions

Does not attempt criterion 20

Strategic Planning Exceeds pro�ciency in an

exceptionally clear and

insightful manner, using

industry-speci�c language

Explains how the selected KPIs

support strategic planning

Shows progress toward

pro�ciency, but with errors or

omissions

Does not attempt criterion 20

Data Analysis Exceeds pro�ciency in an

exceptionally clear and

insightful manner, using

industry-speci�c language

Describes how to identify

opportunities for improving

cash �ow from an

organization’s �nancial data

Shows progress toward

pro�ciency, but with errors or

omissions

Does not attempt criterion 20

Leveraging Technology Exceeds pro�ciency in an

exceptionally clear and

insightful manner, using

industry-speci�c language

Explains how to leverage

technology to support

opportunities for improving

cash �ow

Shows progress toward

pro�ciency, but with errors or

omissions

Does not attempt criterion 15

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

Articulation of Response Exceeds pro�ciency in an

exceptionally clear and

insightful manner

Clearly conveys meaning with

correct grammar, sentence

structure, and spelling,

demonstrating an

understanding of audience and

purpose

Shows progress toward

pro�ciency, but with errors in

grammar, sentence structure,

and spelling, negatively

impacting readability

Submission has critical errors in

grammar, sentence structure,

and spelling, preventing

understanding of ideas

10

Scholarly and Professional

Sources

Incorporates more than two

scholarly, current (within the

last �ve years) sources, or use

of sources is exceptionally

insightful

Incorporates two scholarly,

current (within the last �ve

years) sources that support

claims

Incorporates fewer than two

scholarly, current (within the

last �ve years) sources, or not

all sources support claims

Does not incorporate sources 10

APA Style Formats in-text citations and

reference list according to APA

style with no errors

Formats in-text citations and

reference list according to APA

style with fewer than �ve

errors

Formats in-text citations and

reference list according to APA

style with �ve or more errors

Does not format in-text

citations and reference list

according to APA style

5

Total: 100%