Finance for Healthcare Discussion
Finance for Healthcare Discussion
With the background gained from the outside readings assigned this week on the Legal and Regulatory Environment, what action or recommendations in the area of enterprise risk management initiatives would you recommend as the Chief Financial Officer within your healthcare organization (name the type of healthcare organization that you work in) after reviewing the Office of Inspector General Work plan for the current year?
My First classmate post is
I never work in the health care industry but from what I read, enterprise risk management (ERM), in the health industry promotes a comprehensive frame work for making risk management decisions which maximizes value protection by managing risk and uncertainty. Boards and management are reevaluating their business practice and overall knowledge of the organization operations to determine if any risk exists. The discipline not only calls for corporations to identify all the risks they face and to decide which risks to manage actively, it also involves making that plan of action available to all stakeholders, shareholders and potential investors, as part of their annual reports.
From this point of view, my recommendation to my CFO will be: to educate all management staff on the nature of the business and to identify potential risks before any risks may occurs. I would also recommend the HIPAA training and mandate each employee to understand and allow the compliance program of the organization. It is important for any health care industry that patient information stays secure at all times and is transmitted appropriately through a secured encryption service. Having each employee trained on what to do and how to handle them when there is a data breach is essential for enterprise risk management..
My second classmate post is
I have worked in the reputable local hospital which is famous for its services, but as the chief financial officer within the hospital, I would like to recommend some initiatives which should be taken for the enterprise risk management. I have viewed the office of inspector general work plan for the last year, and I have concluded that there are some actions which should be taken on the part of the hospital. The hospital should be made some profit plans for the employees by providing them with extra facilities and marinating the model of the organization, and it will be helpful for the risk of management. The hospital should take care of all the records and have proper legal consultants to avoid the legal issues. The hospitals are the places where people make their trust, so it is important, and this can be made possible if the risks are not managed properly. The hospital should work for the satisfaction of its costumers because this is the thing which is important for its repute. (Anderson, 2011)All the departments which are working under this health care organization should work according to the goals and missions which are stated by the hospital. It is needed that the hospital must develop its enterprise risk management approach which is according to its culture, values, mission, and circumstances.
Just I need respond to them I like …… great job …. I agree.
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ADDITIONAL INSTRUCTIONS FOR THE CLASS
Discussion Questions (DQ)
Initial responses to the DQ should address all components of the questions asked, include a minimum of one scholarly source, and be at least 250 words.
Successful responses are substantive (i.e., add something new to the discussion, engage others in the discussion, well-developed idea) and include at least one scholarly source.
One or two sentence responses, simple statements of agreement or “good post,” and responses that are off-topic will not count as substantive. Substantive responses should be at least 150 words.
I encourage you to incorporate the readings from the week (as applicable) into your responses.
Weekly Participation
Your initial responses to the mandatory DQ do not count toward participation and are graded separately.
In addition to the DQ responses, you must post at least one reply to peers (or me) on three separate days, for a total of three replies.
Participation posts do not require a scholarly source/citation (unless you cite someone else’s work).
Part of your weekly participation includes viewing the weekly announcement and attesting to watching it in the comments. These announcements are made to ensure you understand everything that is due during the week.
APA Format and Writing Quality
Familiarize yourself with APA format and practice using it correctly. It is used for most writing assignments for your degree. Visit the Writing Center in the Student Success Center, under the Resources tab in LoudCloud for APA paper templates, citation examples, tips, etc. Points will be deducted for poor use of APA format or absence of APA format (if required).
Cite all sources of information! When in doubt, cite the source. Paraphrasing also requires a citation.
I highly recommend using the APA Publication Manual, 6th edition.
Use of Direct Quotes
I discourage overutilization of direct quotes in DQs and assignments at the Masters’ level and deduct points accordingly.
As Masters’ level students, it is important that you be able to critically analyze and interpret information from journal articles and other resources. Simply restating someone else’s words does not demonstrate an understanding of the content or critical analysis of the content.
It is best to paraphrase content and cite your source. Finance for Healthcare Discussion
LopesWrite Policy
For assignments that need to be submitted to LopesWrite, please be sure you have received your report and Similarity Index (SI) percentage BEFORE you do a “final submit” to me.
Once you have received your report, please review it. This report will show you grammatical, punctuation, and spelling errors that can easily be fixed. Take the extra few minutes to review instead of getting counted off for these mistakes.
Review your similarities. Did you forget to cite something? Did you not paraphrase well enough? Is your paper made up of someone else’s thoughts more than your own?
Visit the Writing Center in the Student Success Center, under the Resources tab in LoudCloud for tips on improving your paper and SI score.
Late Policy
The university’s policy on late assignments is 10% penalty PER DAY LATE. This also applies to late DQ replies.
Please communicate with me if you anticipate having to submit an assignment late. I am happy to be flexible, with advance notice. We may be able to work out an extension based on extenuating circumstances.
If you do not communicate with me before submitting an assignment late, the GCU late policy will be in effect.
I do not accept assignments that are two or more weeks late unless we have worked out an extension.
As per policy, no assignments are accepted after the last day of class. Any assignment submitted after midnight on the last day of class will not be accepted for grading. Finance for Healthcare Discussion
Communication
Communication is so very important. There are multiple ways to communicate with me:
Questions to Instructor Forum: This is a great place to ask course content or assignment questions. If you have a question, there is a good chance one of your peers does as well. This is a public forum for the class.
Individual Forum: This is a private forum to ask me questions or send me messages. This will be checked at least once every 24 hours. Finance for Healthcare Discussion
