The purpose of this assignment is to use health care economics to assist in developing a financial plan to support the viability of your health care organization.
Imagine that your CFO has asked you to present a high-level financial overview to the other administrators using the information found in the organization’s annual report (found in the study material, “Unity Health Care 2017 Annual Report”). Prepare a PowerPoint presentation of 12-15 slides (not including title and reference slides), that includes the following:
- Where does the company stand financially?
- How do the components of the health care finance system interact to provide the results you are given?
- Discuss the short-run and long-run costs of production. How do they fit into your overview?
- Include a supply curve on one of your slides. Discuss how you determined which factors affected the position of the supply curve.
- Develop a financial plan to support the viability of your organization.
Using Loom, record your presentation and submit the Loom file to the instructor.
Refer to the study materials for additional guidance on recording your presentation with Loom.
While APA style is not required for the body of this assignment, solid academic writing is expected, and documentation of sources should be presented using APA formatting guidelines, which can be found in the APA Style Guide, located in the Student Success Center.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are not required to submit this assignment to LopesWrite.
Benchmark Information
This benchmark assignment assesses the following programmatic competencies:
4.3: Analyze how components of the health care finance system interact with each other.
MBA Health Systems Management
5.1: Develop financial plans to support the viability of health care organizations.
Government and Policy for U.S. Health Leaders
Higbea, R., & Cline, G. (2021). Government and policy for U.S. health leaders (2nd ed.). Burlington, MA: Jones and Bartlett Learning. ISBN-13: 9781284207767 (Available as a custom eBook – includes only Chapter 6)
Essentials of Health Economics
Dewar, D. M. (2017). Essentials of health economics (2nd ed.). Burlington, MA: Jones and Bartlett Learning. ISBN-13: 9781284054620
Expert Solution Preview
Introduction:
This assignment requires the use of health care economics to develop a financial plan to support the viability of a health care organization. A PowerPoint presentation of 12-15 slides needs to be prepared, and the presentation should include various aspects of the organization’s financial standing, short-run and long-run production costs, supply curve, and financial plan to support the organization’s viability.
1. Where does the company stand financially?
The first aspect of the presentation should assess the company’s financial standing. It should review the annual report and provide an overview of the revenue, expenses, and profits. The presentation should include the financial ratios used to measure the company’s financial performance such as liquidity, solvency, and profitability. It should also evaluate the balance sheet, income statement, statement of changes in equity, and cash flow statement to determine the company’s financial stability and sustainability.
2. How do the components of the health care finance system interact to provide the results you are given?
The second aspect of the presentation should discuss how the various components of the health care finance system interact to produce the results presented in the annual report. It should describe the healthcare financing system in the country, including the sources of funding and the various federal and state programs. It should also explain how the organization’s financial transactions are recorded, analyzed, and reported using accounting standards.
3. Discuss the short-run and long-run costs of production. How do they fit into your overview?
The third aspect of the presentation should discuss the short-run and long-run costs of production. It should analyze the cost structures, including the fixed and variable costs, and the economies of scale that impact production costs. It should also examine the relationship between costs and output in the short-run and long-run and the returns on investments in the healthcare system. These aspects should be integrated into the overview of the organization’s financial standing to provide a more comprehensive analysis.
4. Include a supply curve on one of your slides. Discuss how you determined which factors affected the position of the supply curve.
The fourth aspect of the presentation should include a supply curve on one of the slides and discuss the factors that affect the position of the supply curve. The determinants of supply such as production costs, technology, and government regulations, impact the quantity supplied by the organization. The presentation should explain how these factors impact the position of the supply curve and how they affect the organization’s financial viability.
5. Develop a financial plan to support the viability of your organization.
The final aspect of the presentation should develop a financial plan to support the organization’s viability. It should examine the revenue streams, costs, and financial ratios, and develop strategies to improve the financial performance of the organization. It should also evaluate the short-term and long-term financial goals of the organization and propose a plan that aligns with these goals. This aspect should provide recommendations that stakeholders can implement to improve the organization’s financial performance.
Conclusion:
In conclusion, using health care economics to develop a financial plan is crucial to support the viability of health care organizations. The presentation should include various aspects that assess the company’s financial standing, short-run and long-run production costs, supply curve, and financial plan to support the organization’s viability. By analyzing the financial information and developing a plan that supports the organization’s financial stability, stakeholders can improve the organization’s financial performance and sustainability.
