Discuss the importance of Interdisciplinary team collaboration and communication in HC related managerial situation

Question description

Discuss the importance of Interdisciplinary team collaboration and communication in HC related managerial situations. Offer minimum 1 advantage of the established communication and one disadvantage of the failed communication. Provide an explanation of what being a member of a collaborative team means from the perspective of HC manager. Be specific in your choices and provide examples when appropriate.

You must cite and reference a minimum 2 credible sources from the weekly readings or the UMUC library.

Provide an explanation of the financial concept(s)

Question description

From the list of financial concepts, pick 1-2 financial concepts.

Search for a healthcare finance related article on the concepts.

In a 3-5 page paper, describe how you can apply the financial concepts from the article to your current health care organization or a health care organization of your choice.

Some examples of financial concepts are:

  • Revenues or revenue cycle
  • Fixed and variable costs
  • GAAP
  • Contribution margin
  • Breakeven Analysis
  • Capitation
  • Income statements
  • Balance sheets
  • Cost value analysis
  • Cost allocation methods
  • Auditing process
  • General knowledge of health care laws and regulations
  • Time value of money
  • Financial statement analysis
  • Cost of capital
  • Financial risk
  • Insurance and risk
  • Ratio analysis
  • Analytics
  • Budgeting (operational and capital)
  • Forecasting
  • Lease financing
  • Cost control
  • Benchmarks
  • HIPAA privacy act
  • Affordable Care Act (ACA)
  • JCAHO
  • ICD-10
  • Profit vs. non-profit
  • Best practices
  • Compliance

Be sure to include the following:

    1. Provide a summary of the article (must be healthcare related). Articles should be within the last 5-10 years for current articles.
    2. Provide an explanation of the financial concept(s) found in the article.
    3. Provide an example of how you can apply these financial concept(s) to your current health care organization or to the health care organization of your choice (i.e. John Hopkins Hospital, Mayo Clinic)*.
    4. Include the source of the article in the paper and include another source above the current article (a minimum of 2 sources are required).

*It would be feasible to find the financial statements of your current health care organization or the health care organization of your choice. Include an explanation of what these concept(s) mean in the context of the organization’s financial performance.

Time value of money

Question description

From the list of financial concepts, pick 1-2 financial concepts.

Search for a healthcare finance related article on the concepts.

In a 3-5 page paper, describe how you can apply the financial concepts from the article to your current health care organization or a health care organization of your choice.

Some examples of financial concepts are:

  • Revenues or revenue cycle
  • Fixed and variable costs
  • GAAP
  • Contribution margin
  • Breakeven Analysis
  • Capitation
  • Income statements
  • Balance sheets
  • Cost value analysis
  • Cost allocation methods
  • Auditing process
  • General knowledge of health care laws and regulations
  • Time value of money
  • Financial statement analysis
  • Cost of capital
  • Financial risk
  • Insurance and risk
  • Ratio analysis
  • Analytics
  • Budgeting (operational and capital)
  • Forecasting
  • Lease financing
  • Cost control
  • Benchmarks
  • HIPAA privacy act
  • Affordable Care Act (ACA)
  • JCAHO
  • ICD-10
  • Profit vs. non-profit
  • Best practices
  • Compliance

Be sure to include the following:

    1. Provide a summary of the article (must be healthcare related). Articles should be within the last 5-10 years for current articles.
    2. Provide an explanation of the financial concept(s) found in the article.
    3. Provide an example of how you can apply these financial concept(s) to your current health care organization or to the health care organization of your choice (i.e. John Hopkins Hospital, Mayo Clinic)*.
    4. Include the source of the article in the paper and include another source above the current article (a minimum of 2 sources are required).

*It would be feasible to find the financial statements of your current health care organization or the health care organization of your choice. Include an explanation of what these concept(s) mean in the context of the organization’s financial performance.

Insurance and risk

Question description

From the list of financial concepts, pick 1-2 financial concepts.

Search for a healthcare finance related article on the concepts.

In a 3-5 page paper, describe how you can apply the financial concepts from the article to your current health care organization or a health care organization of your choice.

Some examples of financial concepts are:

  • Revenues or revenue cycle
  • Fixed and variable costs
  • GAAP
  • Contribution margin
  • Breakeven Analysis
  • Capitation
  • Income statements
  • Balance sheets
  • Cost value analysis
  • Cost allocation methods
  • Auditing process
  • General knowledge of health care laws and regulations
  • Time value of money
  • Financial statement analysis
  • Cost of capital
  • Financial risk
  • Insurance and risk
  • Ratio analysis
  • Analytics
  • Budgeting (operational and capital)
  • Forecasting
  • Lease financing
  • Cost control
  • Benchmarks
  • HIPAA privacy act
  • Affordable Care Act (ACA)
  • JCAHO
  • ICD-10
  • Profit vs. non-profit
  • Best practices
  • Compliance

Be sure to include the following:

    1. Provide a summary of the article (must be healthcare related). Articles should be within the last 5-10 years for current articles.
    2. Provide an explanation of the financial concept(s) found in the article.
    3. Provide an example of how you can apply these financial concept(s) to your current health care organization or to the health care organization of your choice (i.e. John Hopkins Hospital, Mayo Clinic)*.
    4. Include the source of the article in the paper and include another source above the current article (a minimum of 2 sources are required).

*It would be feasible to find the financial statements of your current health care organization or the health care organization of your choice. Include an explanation of what these concept(s) mean in the context of the organization’s financial performance.

Capitation

Question description

From the list of financial concepts, pick 1-2 financial concepts.

Search for a healthcare finance related article on the concepts.

In a 3-5 page paper, describe how you can apply the financial concepts from the article to your current health care organization or a health care organization of your choice.

Some examples of financial concepts are:

  • Revenues or revenue cycle
  • Fixed and variable costs
  • GAAP
  • Contribution margin
  • Breakeven Analysis
  • Capitation
  • Income statements
  • Balance sheets
  • Cost value analysis
  • Cost allocation methods
  • Auditing process
  • General knowledge of health care laws and regulations
  • Time value of money
  • Financial statement analysis
  • Cost of capital
  • Financial risk
  • Insurance and risk
  • Ratio analysis
  • Analytics
  • Budgeting (operational and capital)
  • Forecasting
  • Lease financing
  • Cost control
  • Benchmarks
  • HIPAA privacy act
  • Affordable Care Act (ACA)
  • JCAHO
  • ICD-10
  • Profit vs. non-profit
  • Best practices
  • Compliance

Be sure to include the following:

    1. Provide a summary of the article (must be healthcare related). Articles should be within the last 5-10 years for current articles.
    2. Provide an explanation of the financial concept(s) found in the article.
    3. Provide an example of how you can apply these financial concept(s) to your current health care organization or to the health care organization of your choice (i.e. John Hopkins Hospital, Mayo Clinic)*.
    4. Include the source of the article in the paper and include another source above the current article (a minimum of 2 sources are required).

*It would be feasible to find the financial statements of your current health care organization or the health care organization of your choice. Include an explanation of what these concept(s) mean in the context of the organization’s financial performance.

Compliance

Question description

From the list of financial concepts, pick 1-2 financial concepts.

Search for a healthcare finance related article on the concepts.

In a 3-5 page paper, describe how you can apply the financial concepts from the article to your current health care organization or a health care organization of your choice.

Some examples of financial concepts are:

  • Revenues or revenue cycle
  • Fixed and variable costs
  • GAAP
  • Contribution margin
  • Breakeven Analysis
  • Capitation
  • Income statements
  • Balance sheets
  • Cost value analysis
  • Cost allocation methods
  • Auditing process
  • General knowledge of health care laws and regulations
  • Time value of money
  • Financial statement analysis
  • Cost of capital
  • Financial risk
  • Insurance and risk
  • Ratio analysis
  • Analytics
  • Budgeting (operational and capital)
  • Forecasting
  • Lease financing
  • Cost control
  • Benchmarks
  • HIPAA privacy act
  • Affordable Care Act (ACA)
  • JCAHO
  • ICD-10
  • Profit vs. non-profit
  • Best practices
  • Compliance

Be sure to include the following:

    1. Provide a summary of the article (must be healthcare related). Articles should be within the last 5-10 years for current articles.
    2. Provide an explanation of the financial concept(s) found in the article.
    3. Provide an example of how you can apply these financial concept(s) to your current health care organization or to the health care organization of your choice (i.e. John Hopkins Hospital, Mayo Clinic)*.
    4. Include the source of the article in the paper and include another source above the current article (a minimum of 2 sources are required).

*It would be feasible to find the financial statements of your current health care organization or the health care organization of your choice. Include an explanation of what these concept(s) mean in the context of the organization’s financial performance.

variable costs

Question description

From the list of financial concepts, pick 1-2 financial concepts.

Search for a healthcare finance related article on the concepts.

In a 3-5 page paper, describe how you can apply the financial concepts from the article to your current health care organization or a health care organization of your choice.

Some examples of financial concepts are:

  • Revenues or
  • Fixed and variable costs
  • GAAP
  • Contribution margin
  • Breakeven Analysis
  • Capitation
  • Income statements
  • Balance sheets
  • Cost value analysis
  • Cost allocation methods
  • Auditing process
  • General knowledge of health care laws and regulations
  • Time value of money
  • Financial statement analysis
  • Cost of capital
  • Financial risk
  • Insurance and risk
  • Ratio analysis
  • Analytics
  • Budgeting (operational and capital)
  • Forecasting
  • Lease financing
  • Cost control
  • Benchmarks
  • HIPAA privacy act
  • Affordable Care Act (ACA)
  • JCAHO
  • ICD-10
  • Profit vs. non-profit
  • Best practices
  • Compliance

Be sure to include the following:

    1. Provide a summary of the article (must be healthcare related). Articles should be within the last 5-10 years for current articles.
    2. Provide an explanation of the financial concept(s) found in the article.
    3. Provide an example of how you can apply these financial concept(s) to your current health care organization or to the health care organization of your choice (i.e. John Hopkins Hospital, Mayo Clinic)*.
    4. Include the source of the article in the paper and include another source above the current article (a minimum of 2 sources are required).

*It would be feasible to find the financial statements of your current health care organization or the health care organization of your choice. Include an explanation of what these concept(s) mean in the context of the organization’s financial performance.

Cost allocation methods

Question description

From the list of financial concepts, pick 1-2 financial concepts.

Search for a healthcare finance related article on the concepts.

In a 3-5 page paper, describe how you can apply the financial concepts from the article to your current health care organization or a health care organization of your choice.

Some examples of financial concepts are:

  • Revenues or revenue cycle
  • Fixed and variable costs
  • GAAP
  • Contribution margin
  • Breakeven Analysis
  • Capitation
  • Income statements
  • Balance sheets
  • Cost value analysis
  • Cost allocation methods
  • Auditing process
  • General knowledge of health care laws and regulations
  • Time value of money
  • Financial statement analysis
  • Cost of capital
  • Financial risk
  • Insurance and risk
  • Ratio analysis
  • Analytics
  • Budgeting (operational and capital)
  • Forecasting
  • Lease financing
  • Cost control
  • Benchmarks
  • HIPAA privacy act
  • Affordable Care Act (ACA)
  • JCAHO
  • ICD-10
  • Profit vs. non-profit
  • Best practices
  • Compliance

Be sure to include the following:

    1. Provide a summary of the article (must be healthcare related). Articles should be within the last 5-10 years for current articles.
    2. Provide an explanation of the financial concept(s) found in the article.
    3. Provide an example of how you can apply these financial concept(s) to your current health care organization or to the health care organization of your choice (i.e. John Hopkins Hospital, Mayo Clinic)*.
    4. Include the source of the article in the paper and include another source above the current article (a minimum of 2 sources are required).

*It would be feasible to find the financial statements of your current health care organization or the health care organization of your choice. Include an explanation of what these concept(s) mean in the context of the organization’s financial performance.

Financial statement analysis

Question description

From the list of financial concepts, pick 1-2 financial concepts.

Search for a healthcare finance related article on the concepts.

In a 3-5 page paper, describe how you can apply the financial concepts from the article to your current health care organization or a health care organization of your choice.

Some examples of financial concepts are:

  • Revenues or revenue cycle
  • Fixed and variable costs
  • GAAP
  • Contribution margin
  • Breakeven Analysis
  • Capitation
  • Income statements
  • Balance sheets
  • Cost value analysis
  • Cost allocation methods
  • Auditing process
  • General knowledge of health care laws and regulations
  • Time value of money
  • Financial statement analysis
  • Cost of capital
  • Financial risk
  • Insurance and risk
  • Ratio analysis
  • Analytics
  • Budgeting (operational and capital)
  • Forecasting
  • Lease financing
  • Cost control
  • Benchmarks
  • HIPAA privacy act
  • Affordable Care Act (ACA)
  • JCAHO
  • ICD-10
  • Profit vs. non-profit
  • Best practices
  • Compliance

Be sure to include the following:

    1. Provide a summary of the article (must be healthcare related). Articles should be within the last 5-10 years for current articles.
    2. Provide an explanation of the financial concept(s) found in the article.
    3. Provide an example of how you can apply these financial concept(s) to your current health care organization or to the health care organization of your choice (i.e. John Hopkins Hospital, Mayo Clinic)*.
    4. Include the source of the article in the paper and include another source above the current article (a minimum of 2 sources are required).

*It would be feasible to find the financial statements of your current health care organization or the health care organization of your choice. Include an explanation of what these concept(s) mean in the context of the organization’s financial performance.