Common Issues Concerning Capital Discussion
Answer each of the questions with minimum of 250 words and include at least 2-peer reviewed references using APA format.
1. Factors Impacting Health Care Costs
Read the following White House Report titled “Trends in Health Care Cost Growth and The Role of the Affordable Care Act”. Upon reviewing the report, in a minimum of 250 words, explain the overall trend in the ultimate delivery of quality healthcare services and treatments. List and discuss the three payment-determination bases. Finally, identify what are the three factors that influence pricing? Your initial post to the given topic of discussion should contain a minimum of 2–3 peer-reviewed references.
2. Forecasting Volume in Healthcare
Your hospital has just been told that all of your cardiovascular surgeons are transferring their practice to a competitive hospital beginning next year. How would this affect a forecast of volume? Your initial post to the given topic of discussion should contain a minimum of 2–3 peer-reviewed references.
3. Efficiency and Effectiveness of Healthcare
You are the newly appointed director of the World Health Organization (WHO). After settling into your new role, in a minimum of 250 words, identify what programs would you fund if you wished to make the largest impact on health, measured as the increase in life expectancy multiplied by the number of people affected, for a given budgetary allocation of $100 million? Will health care be more or less efficient in 2020? Will people spend more or less money on health care? Your initial post to the given topic of discussion should contain a minimum of 2–3 peer-reviewed references.
4. A quote from the Clarke article, “In this Roundtable, veteran healthcare executives offer advice and best practices on how hospitals can overcome some of the common issues concerning capital allocation.” Of the suggestions offered by the health care executives, in a minimum of 250 words, explain which concept(s) give you the greatest insight into creating an improved Capital Planning process in the organization where you work (or one in which you are familiar)? Be sure to identify which article or executive you are referencing.
Resources-
Clarke, R. L., et. Al., (2004). Inside the real world of capital allocation. Healthcare Financial Management, 58 (12), 81.
Anonymous. (2006). Capital planning: how strategic is your organization? Healthcare Financial Management, 60 (7), H1.