You are the district manager for a busy chain of primary care practices. One clinic has been losing money for the past 6 months and you have called a meeting with the providers, office manager, and nurse manager to explore solutions to increase revenue.
N540 Healthcare Finance and Economics
Module 1 Discussion
DQ1 You are the district manager for a busy chain of primary care practices. One clinic has been losing money for the past 6 months and you have called a meeting with the providers, office manager, and nurse manager to explore solutions to increase revenue. Some of the suggestions are to decrease the number of Medicare patients, stop accepting new Medicaid patients, provide bonuses to providers based on performance or decrease the length of the office visit to 15 minutes.
Which option would you select? Is there another option available based upon your knowledge and your research this week? Support your decision with scholarly sources and any experiences you have had with a similar situation.
DQ2 Analyze at least two factors that have led to increased health care costs for your organization or an organization found in the literature. What are several of the efforts that have been attempted to control either the factors or the costs? Support your answers with citations from the course readings, evidence based scholarly sources and discussion with the Chief Financial Officer at your organization.
N540 Healthcare Finance and Economics
Module 2 Discussion
Analyze examples from your own organization or from an organization described in the literature for which the implementation of technology has affected the financial state of the health care organization. Provide the examples and describe the effect Include at least one ethical concern you have noticed in your discussion.
N540 Healthcare Finance and Economics
Module 3 Discussion
DQ1 What is the impact of a large percentage of patients with Medicare insurance and a hospital’s working capital? Provide examples and support your information with sources.
DQ2 Choose a local healthcare facility & visit with the Chief Financial Officer or Chief Nurse Officer about the compensating balance requirement as it applies to their organization. How does this requirement affect their organization? What challenges have they encountered related to this requirement and how were these challenges overcome?
N540 Healthcare Finance and Economics
Module 4 Discussion
You need to replace a supply system with a more cost-effective process. Which financial technique would you use to determine if the purchase is a sound decision? What are the strengths and weaknesses of your selected method?
N540 Healthcare Finance and Economics
Module 5 Discussion
DQ1 A manager is planning a large purchase. What factors are involved when deciding to lease or purchase? Analyze the experiences you or your organization have had with such a decision?
DQ2 Explain whether adding debt increases or decrease the flexibility of a health care provider. How would your organization benefit from adding debt to its current financial status? If you are not working, explain how adding debt impacts a tax paying entity.
N540 Healthcare Finance and Economics
Module 6 Discussion
Consider the relationship between financial and nonfinancial criteria when deciding to provide a service. Discuss examples of instances when a hospital might provide a service although it is not profitable?
N540 Healthcare Finance and Economics
Module 7 Discussion
Discuss the benefits of a group purchasing organization. Analyze how these benefits have impacted, or might impact, your organization. If not working, analyze how the benefits would impact a non-tax paying entity.
N540 Healthcare Finance and Economics
Module 8 Discussion
DQ1 Analyze activity-based costing and provide examples where it is beneficial or presents risks to patient care if applicable.
DQ2 Analyze your learning outcomes over the past 8 weeks and how they will enhance your role as a nurse manager.
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