Assignment 1: Value Proposition in Patient Care

 
 Paradise Hospital, Inc. is a for-profit hospital. As the facility’s new  hospital administrator, you have been tasked with improving the service  value of the hospital. The administration has not done this process  since the hospital began operating in the year 1995. The investors are  not familiar with the value proposition strategies of hospitals in the  current day America.
 
Note: You may create and / or make all necessary assumptions needed for the completion of this assignment.
 
Write a four to six (4-6) page paper in which you:

Articulate the meaning of value-added service as it pertains to  patient care services, and argue the major reasons why it matters to add  value to patient services. Justify your response.
Outline a system for identifying the functional areas in which  changes might be necessary in order to improve the hospital’s service  value. Recommend the key methods that you would use to acquire the  information necessary to identify the specified functional areas.
Specify four (4) specific areas where you believe the administration  can add value in Paradise Hospital, and argue the most significant  reasons why such value proposition would improve the value of services  to the patients.
Use four (4) recent (within the last five [5] years) quality academic resources in this assignment.
Note: Wikipedia and other websites do not qualify as quality academic resources.

Your assignment must follow these formatting requirements:

Be typed, double spaced, using Times New Roman font (size 12), with  one-inch margins on all sides; citations and references must follow APA  or school-specific format. Check with your professor for any additional  instructions.
Include a cover page containing the title of the assignment, the  student’s name, the professor’s name, the course title, and the date.  The cover page and the reference page are not included in the required  assignment page length.

The specific course learning outcomes associated with this assignment are:

Propose methodologies that have been proven to increase value in health care delivery systems.
Use technology and information resources to research issues in health care management.
Write clearly and concisely about health care management using proper writing mechanics.

Grading for this assignment will be based on answer quality,  logic / organization of the paper, and language and writing skills,  using the following rubric.
Click here to view the gradig rubric.

Find the “Global Perspectives:  Shifts in Science and Medicine That Changed Healthcare time line’ and answer the two questions below in   250 words min. Attach Plag Report when finished. Only use the source listed above.

Consider how the U.S. health care system has evolved over the past 50 years. In your post,

1. Choose one of the influencing factors from the Global Perspectives:  Shifts in Science and Medicine That Changed Healthcare time line and  discuss its impact on the health care system.

2.Rationalize why your chosen influencing factor has been revolutionary for the health care system.

Q2

1 Provide four reasons why race and ethnicity may not be reported by health care providers.

2 Why was the Race and Health Initiative launched, and what was one of the primary aims of the initiative?
3 Provide at least three examples of problems that face refugees in the United States.

Please use the below textbook for you source
equired Text:
McKenzie, J.F., Pinger, R.R., & Seabert, D.M. (2018). An Introduction to Community & Public Health (9th ed.). Burlington, MA: Jones & Bartlett Learning.

Choose one evidence-based practice that you see yourself using as a provider in your clinical practice and discuss how it meets the listed benefits.
Why should we, as healthcare providers, use evidence-based practice?
Evidence-based practice benefits:

Leads to highest quality care and patient outcomes
Reduces health care costs
Reduces geographic variations in the delivery of care
Increases healthcare provider empowerment and role satisfaction
Reduces healthcare provider turnover rate
Increases reimbursement from 3rd party payers
Reduces complications and payment denials
Meets the expectation of an informed public

Include 3 evidence-based articles to support your work that are less than 3 years old.
Before finalizing your work, you should:

be sure to read the Assignment description carefully (as displayed above);
consult the Grading Rubric (under the Course Home) to make sure you have included everything necessary; and
utilize spelling and grammar check to minimize errors.   4 pages not including title and reference pages

Prepare a 4–5-page review of recent research that examines statistics on the primary health concern of a population, describes the methods and tools used in the research studies, explains the factors that affect health promotion and disease prevention for a population, and recommends a health care initiative. 

 
Preparation
Your team has presented its preliminary findings to the executive leadership in your organization, but leadership has some doubts about some of the information they received. Each member of the team has been charged with doing a critical examination of recent research around each member’s area of expertise. As the team’s nursing representative, you need to look specifically at the health care concerns identified in the Windshield Survey assessment.
The first step in preparing to write a review of the research is to define your topic. For this assessment, your review will provide a comprehensive overview of the needs of the population you identified in the Windshield Survey assessment in terms of health promotion and disease prevention, the factors that contribute to health disparities for the population, and the need for the organization to improve health care delivery to the population.
In the Capella library, search for current scholarly or peer-reviewed professional research articles that:

Examine the health care risks and needs of your population.
Analyze the need to improve health care delivery to the population.
Evaluate, critically, the factors that affect health promotion and disease prevention for the population.
Examine strategies to reduce health disparities for your population.

Locate at least 5–7 resources so that you can eliminate 2–3 if necessary. You may discover, for example, as you read each article more in-depth, that they may not all have the focus you need for your review.
Requirements
For this assessment, you need to develop several points around which to apply the research from the articles you located. Specifically, you need to:

Compare statistics for the primary health concern of your population to the rest of the general population in the United States. This would include frequency of occurrence, age groups most at risk, frequency of fatality, and so on.
Describe the epidemiological concepts, data analysis methods, tools, and databases used in the research studies you located. Address any flaws or biases you believe are present.
Explain the factors that affect health promotion and disease prevention for the population. (Hint: These may be things such as language barriers, cultural values, generational differences, social fear, and access to services.)
Describe the types of health care initiatives that have been tried by other organizations specifically for the primary health care concern or the population.
Recommend one health care initiative for your population, based on your research,

These should be the ideas, or points, that your review is based on. For each point, present all of the evidence you located. For this assessment, that should be at least four current research articles, although not all of the articles will typically offer evidence on all of your points.
Be sure your assessment includes:

An introduction that presents the points you will cover.
The body that presents the research on the points.
A conclusion that restates the points in your introduction.

Your assessment should be 4–5 pages in length, not including the title page and reference page. Be sure you follow APA guidelines for style and format.
Additional Requirements

Include a title page and reference page. The completed assessment should be 4–5 pages in length, not including the title page and reference page.
Reference at least four current scholarly or professional resources.
Use current APA format.
Use Times New Roman font, 12 point.
Double-space.

Please describe three financial reports and their uses in healthcare (200 words minimum).  On two different give your personal opinion to Kent Acheson  and Jacob Grimes with a total of two pages 
Kent Acheson  
The Hottest Metric in Finance
Return on Invested Capital (ROIC) is a metric companies are using to placate the demands of activist investors.  ROIC is a quantitative measure of how companies allocate capital. ROIC is a measure “to show how much new cash is generated from capital investments” (Benoit, 2016, para. 6).   ROIC= EBIT x (1-tax rate)(Debts+Equity)-(Cash+Cash Equivalents)
ROIC is not perfect, in fact, “there are other efficiency metrics, such as return on equity, that are better for certain industries” (Benoit, 2016, para. 9).  Some people believe ROIC is untrustworthy. There is not agreement even on how to calculate it. Aswath Damodaran, a finance professor for New York University, says ROIC is a “lazy shortcut for executives” and detailed cash flow from individual projects is needed (para. 11).
ROIC is not the end all, be all of metrics; but, only one of many that could be used to evaluate a company’s value.  Thank you, Dr Acheson.
Reference
Benoit, D. (2016).  The Hottest Metric in Finance: ROIC General Motors placated activist investors with help of return on invested capital.  The Wall Street Journal. Retrieved from http://www.wsj.com/articles/the-hottest-metric-in-finance-roic-1462267809?mod=djem10point#:Rz4MBQDQhdGx-A
 Jacob Grimes
 
There are a few different financial reports and they have many good uses in healthcare.  The first report I will discuss is the balance sheet.  Balance sheet present a snapshot of the financial position of an organization at a given point in time.  The balance sheet is also known as the statement of financial position.  Since the balance sheet changes everyday as a business increases or decreases its assets or changes its composition of tis financing.  For business that have heavy seasonal demand can have balance sheets that look drastically different from month to month.  The balance sheet lists, as of the end of the reporting period, the re-sources of an organization and the claims against those resources.
The next report is the statement of cash flow.  This report that has only been required since 1989 for for-profit businesses and 1995 for not for-profit businesses.  The report was created to have better information about a companies cash inflows and outflows.  It also details why the account is larger or smaller than that of the previous year in addition to providing detailed information on cashflows. 
The third report is the income statement and it summarizes the operations of an organization with a focus on its revenues, expenses, and profitability.  The income statement is also known as the statement of operations or statement of activities.  The income statement reports its operational data over a set period of time. 

Gapenski, L. C. (2012). Healthcare Finance : An Introduction to Accounting and Financial Management (Vol. 5th ed). Chicago, Ill: Health Administration Press.