Assignment:
Financial Management
Unit I
A. In America, we spend more money on health care than any other nation. In fact, taken as a percentage of gross domestic product (GDP), we spend more than twice as much as other developed nations.
Why is that? What are the key factors that have made health care so expensive in America?
Based upon your learning here and your own experiences with the healthcare industry, what are your own ideas for reducing healthcare costs in America?
Response should be at least 200 words.
1. Consider the Ridgeland Heights Medical Center (RHMC) actions presented of your textbook. The medical center is trying to counter a dwindling inpatient census at the facility. What do you think of the three strategies proposed here? Can you think of any other strategies that RHMC should consider here?
Your response must be at least 200 words in length.
2. Consider the big picture of our American economy with health care being an important part of it. How does the large share of American gross domestic product (GDP) that we spend on health care each year impact our nation's economy overall? What other areas of our economy may currently be suffering because of so much medical spending? In your view, can America continue to spend this much money on health care without sacrificing the quality of American life in other areas? Why or why not? Please support your position.
Your response must be at least 200 words in length.
3. Anyone involved with American health care probably knows that our spending is out of control. We experience far greater medical spending than any other nation. Just how much do we spend on health care in America, and what are we spending all of that money on? Provide specific examples of the types of healthcare spending and amounts of spending based on the most current data in your textbook.
Your response must be at least 200 words in length.
4. The demand for healthcare administrators has gone up substantially over recent decades, as has the salary range for the position. The job of managing healthcare facilities has become more challenging and more important than ever before. How would you describe the dual purpose of financial management in health care today?
Your response must be at least 200 words in length.
Berger, S. (2014). Fundamentals of health care financial management: A practical guide to fiscal issues and activities (4th ed.). San Francisco, CA: Jossey-Bass.
Communication skills
Unit 1
B. Share your most and least favorite methods for daily communication. Give a reason why, and provide examples for each.
Response should be at least 100 words.
The five communication principles include Aware, Verbal, Nonverbal, Listen, and Adapt.
Unit I Essay
For each of the five communication principles, provide a short written statement for each principle and why it is important. Each statement should be 75 words or less for a total of 375 words or less. In each statement, include a real-life example (personal or professional) where you have used or experienced that principle. Indicate which of the three communication skills from the Figure 1.2 was, or was not, used successfully in your real-life example.
Beebe, S. A., & Mottet, T. P. (2016). Business and professional communication: Principles and skills for leadership (3rd ed.). Boston, MA: Pearson.