For this assignment, you will compose an essay that analyzes the structure of the finance department and the role of finance in health services organizations. Make sure you address how that role has changed in the era of healthcare reform and how those changes have impacted the management of healthcare organizations. As an example, you can use the finance department in your organization if you work in the healthcare setting; otherwise, you can use any finance department.
Length: 3-5 pages, excluding title page and references
References: A minimum of 3 peer-reviewed sources. Other scholarly and credible sources may also be used as supplemental support.
The completed assignment should address all of the assignment requirements, exhibit evidence of concept knowledge, and demonstrate thoughtful consideration of the content presented in the course. The writing should integrate scholarly resources, reflect academic expectations, and current APA standards, and adhere to the University’s Academic Integrity Policy.
optional Resources
Resource 1:
A Co-Designed Framework to Support and Sustain Patient and Family Engagement in Health-Care Decision Making
McCarron, T. L., Noseworthy, T., Moffat, K., Wilkinson, G., Zelinsky, S., White, D., Hassay, D., Lorenzetti, D. L., & Marlett, N. J. (2020). A co-designed framework to support and sustain patient and family engagement in health-care decision making. Health Expectations, 23(4), 825.
This article does an excellent job of explaining the framework for financial decision-making within healthcare organizations. The healthcare decision-making process constitutes a key component of the improvement and reform of healthcare, which is currently under much critical scrutiny.
Resource 2:
Hospital Finance 101: Understanding the Cost of Full-Service Healthcare
Febus, S. (2017, May 23). Hospital Finance 101: Understanding the cost of full-service healthcare [Video]. YouTube. Pullman Regional Hospital.
This video is 1 hour and 23 minutes in length and provides an overview of why Americans spend a huge amount of money on healthcare each year. High insurance premiums, high deductibles, copays, and other out-of-pocket expenses are just some of the costs associated with health and wellness in the country.
