Write a 34 page paper in which you report your findings from your interview and research:
Indicate the name and title of the person you interviewed. Share some background about their organization. List the responsibilities and scope of their role, and how long they have been in the role.
Share the mission, vision, and strategic priorities of the organization.
Provide some organizational background (location, size, focus, services provided, demographics of patients served, for- or nonprofit status, et cetera).
Explain all of the financial-related tasks and responsibilities that your interviewee engages in.
From your interviewee’s perspective, explain how health care finance is related to the cost of care, quality, value, waste, performance improvement, regulatory compliance, provider relationships, and insurance reimbursement.
Comment on the organization’s strategic planning process and its relationship to financial management. Is there appropriate alignment? Support your perspective.
In a final paragraph, explain what you see as the most important aspect of financial management for health care administrators.
The specific learning outcome associated with this assignment is:
Assess the relationships among health care costs, quality, performance improvement, regulatory compliance, provider relationships, and payors.
QUESTIONS
(1) What are some of the factors you consider when planning a financial budget for the upcoming fiscal year?
(2) What areas are you likely to prioritize when preparing the hospitals next fiscal year budget?
(3) Which financial planning model and strategies does the hospital prefer and why?
(4) What are the major drawbacks of the financial planning model you have selected?
(5) How does the hospitals financial planning model differ from other competing hospitals and health facilities?
(6) How do the hospitals monitor and control yearly financial condition and other related decisions?
(7) What are some of the measures taken to mitigate against future financial crises?
(8) What adjustment has the hospital implemented to accommodate changes and meet tax deadlines?
(9) What is the impact of government regulations and policies when choosing the right funding?
(10) What are the skills and requirements you consider while hiring an additional employer in the finance department?
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