HCM 615 SNHU Financial Management in Health Discussion Prepare a report that addresses the role of financial decision making in improving healthcare delive

HCM 615 SNHU Financial Management in Health Discussion Prepare a report that addresses the role of financial decision making in improving healthcare delivery, as well as the benefits of collaboration, quality incentives, and revenue cycle management in the decision-making process. This report will become the basis for Part II of your final presentation. HCM 615 Milestone One Guidelines and Rubric
Overview: In Milestone One, you will prepare a two- to three-page report answering key questions about the decision-making process in healthcare finance. This
report will become the basis for Part II of your final presentation.
Prompt: In this milestone, you will discuss the impact of financial decision making in improving healthcare delivery. You will also explore the role of
collaboration, quality incentives, and revenue cycle management in the decision-making process.
Your report should specifically address the following questions:
A. Financial Decision Making and CQI: How does financial decision-making impact healthcare quality and continuous quality improvement (CQI)? Be sure to
support your response.
B. Collaboration: Why should decision-making encourage collaboration among clinical and nonclinical departments in order to guide strategic short-term
and long-term decisions? Be sure to justify your reasoning.
C. Quality Payment Incentives: How do quality outcome payment incentives improve quality and patient experience? Be sure to provide examples to
support your response.
D. Managerial Solutions: What managerial solutions must be efficiently achieved to transform patient care into positive financial outcomes? Be sure to
address how the shift from volume to value requires a different level of managerial decision-making.
E. Revenue Cycle: What characteristics of the revenue cycle are appropriately prepared for sound financial decision-making? Be sure to support your
response.
Guidelines for Submission: Your paper must be submitted as a 2- to 3-page Microsoft Word document with double spacing, 12-point Times New Roman font,
one-inch margins, and at least three sources cited in APA format.
Critical Elements
Financial and CQI
Proficient (100%)
Logically assesses the impact of
financial decision making on healthcare
quality and continuous quality
improvement, supporting response
Collaboration
Logically explains why decision making
should encourage collaboration among
clinical and nonclinical departments in
order to guide strategic short-term and
long-term decisions, justifying
reasoning
Needs Improvement (75%)
Assesses the impact of financial
decision making on healthcare quality
and continuous quality improvement,
supporting response, but with gaps in
logic, detail, or relevant support
Explains why decision making should
encourage collaboration among clinical
and nonclinical departments in order to
guide strategic short-term and longterm decisions, justifying reasoning, but
response is cursory, illogical, or
irrelevant
Not Evident (0%)
Does not assess the impact of financial
decision making on healthcare quality
and continuous quality improvement
Value
18
Does not explain why decision making
should encourage collaboration among
clinical and nonclinical departments in
order to guide strategic short-term and
long-term decisions
18
Incentives
Logically discusses how quality
outcome payment incentives improve
quality and patient experience,
providing examples to support
response
Managerial
Accurately analyzes managerial
solutions that must be efficiently
achieved to transform patient care into
positive financial outcomes, justifying
reasoning
Revenue Cycle
Accurately describes characteristics of
the revenue cycle that are
appropriately prepared for sound
financial decision-making, supporting
response
Submission has no major errors related
to citations, grammar, spelling, syntax,
or organization
Articulation of
Response
Discusses how quality outcome
payment incentives improve quality
and patient experience, providing
examples to support response, but with
gaps in logic, detail, or relevancy of
examples
Analyzes managerial solutions that
must be efficiently achieved to
transform patient care into positive
financial outcomes, justifying
reasoning, but with gaps in accuracy,
detail, or relevant justification
Describes characteristics of the revenue
cycle that are appropriately prepared
for sound financial decision-making,
supporting response, but with gaps in
accuracy, detail, or relevant support
Submission has major errors related to
citations, grammar, spelling, syntax, or
organization that negatively impact
readability and articulation of main
ideas
Does not discuss how quality outcome
payment incentives improve quality
and patient experience
18
Does not analyze managerial solutions
that must be efficiently achieved to
transform patient care into positive
financial outcomes
18
Does not describe characteristics of the
revenue cycle that are appropriately
prepared for sound financial decisionmaking
18
Submission has critical errors related to
citations, grammar, spelling, syntax, or
organization that prevent
understanding of ideas
10
Total
100%

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