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economic factors as heavily as any other industry

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 using the U.S. Securities and Exchange Commission’s Company Filings website to ensure that you will have access to the healthcare organization’s financial information. 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

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 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?

IV. 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.

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 U.S. Securities and Exchange Commission’s website. 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

One Propose Organization for Analysis Three Graded separately; Milestone One Rubric

Two Policy Research Five Graded separately; Milestone Two Rubric

Three Organizational Analysis Seven Graded separately; Milestone Three Rubric

Policy Research and Organizational Analysis Report

Nine Graded separately; Final Project Rubric

 

 

 

 

 

 

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 Exemplary (100%) Proficient (90%) Needs Improvement (70%) Not Evident (0%) Value

Introduction Meets “Proficient” criteria and description is concise, without superfluous 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

Economic Disparities

Meets “Proficient” criteria and analysis demonstrates strong analytical skills through nuanced comparison of theories

Accurately analyzes the relationship between the financial well-being of the industry and availability of healthcare, using market and demand theories as support

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

Does not analyze the relationship between the financial well-being of the industry and availability of healthcare

5.7

Economic 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

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 “Proficient” 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 “Proficient” criteria and comparison evidences keen insight into the financial needs, requirements, and impacts on and for the two types of organizations

Accurately differentiates between for-profit and not-for- profit healthcare organizations in terms of finances and organizational characteristics

Differentiates between for-profit and not-for-profit healthcare organizations, but not in terms of finances and organizational characteristics, or with gaps in accuracy

Does not differentiate between for-profit and not-for-profit healthcare organizations

5.7

 

 

 

Economic Differentiation

 

Meets “Proficient” criteria and comparison evidences keen insight into the nuanced relationships between the type of organizations and economic policies and legislation

Accurately differentiates between for-profit and not-for- profit 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

Does not differentiate between for-profit and not-for-profit healthcare organizations

5.7

Economic Policy and Disparities in Care

 

Meets “Proficient” criteria and analysis evidences keen insight into the nuances of and varied influences 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 “Proficient” 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 “Proficient” 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 “Proficient” criteria and description is concise by delivering key elements without superfluous detail

Accurately and in detail describes the selected organization, sub- industry, and financial background

Describes the selected organization, sub-industry, and financial background, but with gaps in accuracy or detail

Does not describe the selected organization, sub-industry, and financial background

5.7

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

Determines whether the organization is for-profit or nonprofit and accurately summarizes the impact this fact will have in terms of economic policy

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

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

Demand Theory

Meets “Proficient” criteria and evidences keen insight into appropriate application and use of demand theory for a particular organization

Accurately describes how demand theory is reflected in the organizational financial statements

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 how demand theory is related to the financial statements

5.7

 

 

 

Market Behavior Impact

 

Meets “Proficient” criteria and explanation evidences keen insight into the nuanced relationship between market behavior and financial impacts to an organization

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

Does not explain how and why market behavior impacts the financial statements of the organization at various times throughout the year

5.7

Legislative Changes

Meets “Proficient” 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 “Proficient” 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 “Proficient” criteria and evidences keen insight into the facets and factors that influence financial statements

Accurately describes how the financial statements are impacted based on the legislative and policy changes

Describes how the financial statements are impacted but lacks accuracy or necessary detail regarding legislative and policy changes

Does not describe how the financial statements are impacted

5.7

Potential Disparities

Meets “Proficient” criteria and evidences keen insight into the continuously evolving healthcare environment or the unpredictable impacts of legislation on specific 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

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

Earned Total 100%

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