Performance Assessment: Application of Healthcare Business and Financial Management Principles – BOP2

Performance Assessment: Application of Healthcare Business and Financial Management Principles – BOP2 The recent recession and slow economy, as well as the Affordable Care Act, have forced the U.S. healthcare system to find better ways to provide effective care for less money. Providers and facilities of health care must show the government, payers, and the public that they offer high-quality, safe, and affordable care. The new reality for organizations and providers in the healthcare field is to become the provider of choice while closely managing business costs and making sure they get paid the right amount.


This assessment asks you to show that you understand the complex healthcare environment of today and to use the business and financial skills you’ve learned to come up with a plan to move your organization from fee-for-service (FFS) to value-based purchasing (VBP) (VBP). You will figure out where your organization stands and what its plan is for meeting VBP requirements. You will need to figure out who the key players are, such as board members, the senior leadership team, doctors, directors, managers, staff, patients, and their families. You will also need to list the most important parts of your organization, such as nursing, clinical support departments, case management, supply chain, education, finance, decision support, risk management, revenue cycle, medical staff office, physician services, physician practices, community and public relations, and marketing. Think about the different roles and responsibilities of each department and stakeholder group, and decide which roles should be in a strategic plan you will make.
Your strategic plan will have parts to teach, talk about, organize, and keep an eye on the tactics you want to use. You will figure out what the clinical and customer service parts of VBP will be in the next three years. You will also come up with a plan to find, educate, and inform all stakeholders about the organization’s vision to provide excellent patient care and the highest possible reimbursements in the next three years.

Application of Healthcare Business and Financial Management Principles for Performance Evaluation – BOP2 REQUIREMENTS
The work you send in must be your own. Even if the source is cited correctly, no more than 30% of the submission as a whole and no more than 10% of any one source can be directly quoted or closely paraphrased. When you turn in your work, you get a report on its originality that you can use as a guide.
To pass this task, you need to be good at professional communication. Before turning in your final work, you should definitely check it for spelling and grammar.
You must use the rubric to guide how you make your submission, since it has detailed criteria that will be used to judge it. Each of the requirements below can be judged in more than one way.

Performance Assessment: Application of Healthcare Business and Financial Management Principles – BOP2

The titles of the rubric’s parts may have links to relevant parts of the course.
A. Figure out where your organization is with putting VBP into place by doing the following:
1. Talk about how much your company has embraced VBP.

B. Make a plan for your organization to keep moving forward with VBP by doing the following:
1. Find the three departments in your organization that will have the most impact on value-based pricing (VBP).
a. Explain why the roles and responsibilities of these three departments are important for your organization to use VBP.
2. Talk about goals for each of the three departments that will help your business move forward with VBP.
3. Explain how each of the goals you chose in Part B2 will help you get better results in the next three years in terms of both patient care and reimbursements.
4. Figure out the most important parts of your strategic plan that your staff needs to understand and get behind.
a. Talk about how you would tell your staff about the most important parts of your plan.
5. Think about how the strategic plan will include ethical business and clinical practices.
6. Tell me how to organize events that provide information and education for the three departments listed in Part B1.
7. Make a plan for how VBP will be dealt with over the next three years.

Performance Assessment: Application of Healthcare Business and Financial Management Principles – BOP2
C. Write a separate executive summary for key stakeholders and important department heads that includes the following:
1. A description of the most important parts of VBP for the organization.
2. How the three departments chosen in Part B1 will need to get ready for the next three years of VBP implementation
3. A discussion of the education and training staff in the departments chosen in Part B1 need to get ready for VBP.

D. When you use sources, make sure to use APA format for all in-text citations and references.

Note: When using sources to back up ideas and parts of an assessment, the submission MUST include in-text citations in APA format and a reference list for any direct quotes or paraphrases. It is not necessary to list the sources that were looked at if they were not quoted or paraphrased in the assessment itself.
Note: Only 30% of a submission can be directly quoted or closely paraphrased from outside sources, even if they are properly cited. Please look at the APA Handout link in the APA Guidelines section for tips on how to use APA style.

 

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