Homework
Preparation
Before you create and submit your Homework, complete the following:
a) Revisit the environmental analysis conducted in Homework1. If you did not conduct a PEST analysis in Homework 1, consider the possibility of conducting one now to examine the larger industry context in which your organization's financial forecast is developed.
b) Select and identify two financial targets for your department, along with the performance indicators and measurements. For example: x% compliance with coding, 90% + rating for patient satisfaction scores (on a 1 to 5 scale), 5% profit margin for service line Y, and so on.
c) Look for professional or scholarly journal articles on characteristics of effective team leaders and strategies for leading effective teams. You will need a minimum of five articles to use as resources for this Homework.
Directions
Read the requirements for creating an audiovisual presentation carefully.
Audiovisual PowerPoint Presentation
Create a PowerPoint presentation you could present to internal executive stakeholders. The presentation needs to briefly and succinctly communicate your leadership plan to address financial gaps you have identified within your department.
Organize your PowerPoint slides in a way that makes sense for your organization. Be sure your slides include the following elements:
1) An overview of the environmental analysis from Homework 1, with a financial focus.
2) The two identified financial targets for your department, along with the performance indicators and measurements.
3) A gap analysis of financial targets versus YTD performance or goal attainment. Include your observations, trends, and insights.
4) An evidence-based leadership plan to address the identified gaps.
a. Analyze the organizational culture and strategic direction, along with strategies for leading your departmental team that consider your strengths and are supported by credible professional resources. You may include team incentives such as profit sharing, or other benefits (tuition reimbursement, seminars, software, HFMA memberships, and other incentives) to motivate your team.
b. Include your leadership style, the method that you use or will use with your team, and inclusion of evidence-based leadership approaches.
You may choose to organize your slides in the following fashion:
1) Cover slide: Topic, course, your name, name of the organization this would be for, and date.
2) Objective: For example: "Leadership plan to support goal attainment of organizational targets." Customize to fit your needs.
3) Environmental Analysis (1-3 slides): SWOT analysis from Homework 1 along with a PEST analysis - 3-5 bullet points with salient, high-impact, relevant points.
4) Organizational Directive: Your two identified financial targets, along with performance indicators and measures.
5) Gap Analysis: Actual versus target variance, followed by your observations and insights (3-4 bullet points).
6) Leadership Plan (2-4 slides): 2-4 evidence-based recommendations, including your strategies for leading your team; your leadership approach; and methods, metrics, insights, and observations.
7) References: Include authoritative sources only. Use numbered footnotes in your slides. Follow APA format for references.
8) Other: You may choose to add graphics and special effects, but these additions will not have any impact on your evaluation, positive or negative.
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.