The healthcare industry is impacted by economic factors as heavily as any other industry; therefore, a microeconomic and macroeconomic perspective is important for healthcare management professionals to have. The key is to determine what and how theories of economics and changes in legislation will impact healthcare organizations. Your assessment for this course, a policy research and organizational analysis report, is divided into two parts. The first is an analysis of microeconomic and macroeconomic principles and their impact on healthcare markets, healthcare service, and organizations. The first part will require you to apply the knowledge you have gained throughout this course, as well as to research current economic environments and legislative changes to gauge the impact on the healthcare industry. The second part will require you to apply the results of your analysis from the first part to a U.S.-based healthcare organization of your choice, as you discuss the impact of economic theories and legislative changes on the specific organization. You will make a few general recommendations for your selected organization that will help them plan for and mitigate negative economic and fiscal impact. These assessments will allow you to examine the relationships between economics, legislative changes and policies, healthcare industries, and individual organizations, a skill that will benefit you as you participate in the management of healthcare departments, organizations, and projects.
You will select an organization for your second assessment and use the following resources to ensure that you will have access to the healthcare organization’s financial information: DBHoovers, ProPublica, or American Hospital Directory. You will choose your organization in Milestone One for instructor approval.
This assessment addresses the following course outcomes:
- Analyze how organizations utilize key microeconomic and macroeconomic principles to guide strategic planning and decision making in healthcare
- Differentiate between nonprofit and for-profit healthcare organizations in terms of monetary and fiscal policy
- Analyze healthcare financial statements through the application of demand theory and market behavior
- Determine the impact of key economic legislative changes on healthcare policy
- Analyze the relationship between economic policy and disparities in healthcare utilizing current research
Your policy research and organizational analysis should answer the following prompt: What is the relationship between economic policy changes, the market, and availability of healthcare? How does this relationship impact specific organizations? Why do organizations in healthcare utilize economic and financial theories to guide strategic planning, and how do these actions impact disparities of care?
Specifically, the following critical elements must be addressed:
Milestone One: Propose Organization for AnalysisIn Module Three, you will select the organization you would like to analyze in part two of the final project using the resources provided.. You will present your proposal to the instructor for approval to ensure that you will have access to sufficient financial information on the healthcare organization to complete the final project. This milestone is graded with the Milestone One Rubric.
Milestone Two: Policy ResearchIn Module Five, you will submit a draft of your policy research report. You will apply the knowledge you have gained through the first half of the course, as well as research current economic environments and legislative changes, to gauge the impact on the healthcare industry through this report. This milestone is graded with the Milestone Two Rubric.
Milestone Three: Organizational AnalysisIn Module Seven, you will submit a draft of your organizational analysis report. You will apply the economic principles you have examined through this point in the course to your chosen organization in this report. This milestone is graded with the Milestone Three Rubric.
Final Submission: Policy Research and Organizational Analysis ReportIn Module Nine, you will submit your final project. It should be a complete, polished artifact containing all of the critical elements of the final product. It should reflect the incorporation of feedback gained throughout the course. This submission will be graded with the Final Project Rubric.
What to Submit
Your report should be in APA format, and all resources and references should be cited appropriately. The number of pages is not as important as the content and quality of communication; however, a well-written, concise report will likely fall within the range of 8–15 pages, not including references and title page.
write a minimum of 8 pages not including the reference and title page
the assignment should focus on Adventist Health