Financial Data
HSA-5175 Health Care Finance: Assignment 5
Getting Accurate Financial Data Comparable in Healthcare: Chapters 13 to 15
Objective: I’ve been in many meetings with healthcare finance experts where the topic turns to the validity of the data they’re viewing. And they’re right to be concerned — after all, finance experts need accurate, timely, actionable financial data to make informed decisions about their organizations.
Accessing high-quality data to make strategic decisions, however, is not an easy task in the healthcare industry for many reasons. .
ASSIGNMENT GUIDELINES (10%):
Getting Accurate Financial Data Comparable in Healthcare. For this assignment, you will Create, describe, Organize, analyze and, present standard report with high-quality data to make strategic decisions that will help analyzing partial year expenses, along with using inflations factor and accuracy measurements that health care administrator needs to know to make data comparable as basis for properly preparing reports and budgets..
The paper will be 4-5 pages long. More information and due date will provide in the Fifth Week assignments link.
| EACH PAPER SHOULD INCLUDE THE FOLLOWING: |
1. Introduction (30%) Provide a short-lived outline of the meaning (not a description) of Chapters 13 to 15 and articles you read, in your own words.
2. Getting Accurate Financial Data Comparable in Healthcare Report (50%)
a. Objectives of the report
b. How Data is stored in many different, siloed source systems.
c. How Health systems need to store large amounts of data
d. What is Healthcare data is highly volatile.
e. Inflations factors
f. Currency Measures
g. Standardize methods
3. Conclusion (20%)
Quickly recapitulate your thoughts & statement to your critique of the articles and Chapter you read. How did these articles and Chapters impact your thoughts about making Health care data comparable?
Evaluation will be based on how clearly you respond to the above, in particular:
a) The precision with which you analyses the articles;
b) The complexity, possibility, and organization of your paper; and,
c) Your conclusions, including a description of the impact of these articles and Chapters on any Health Care Setting.