HSM543 Week 7 Course Project

Objectives

Please submit your chosen topic and outline for my approval.
This will be due along with your Course Project Outline. If you are having
difficulty in selecting a topic, please contact me during Week 2 to discuss
possible topics that will be of interest and relevant to your own career plans.

Some topical areas that previous HSM543 students have used
successfully for this Course Project include the following.

Accounts receivable management

Operating budget processes

Working capital management

Reimbursement and financial management

Capital investment decision

Hospital strategic financial planning

Cash flow management

Managing hospital investments

Healthcare variance analysis reporting

Hospital wage and benefit management

Personnel recruitment and retention

Transition to value-based care and financial opportunities
and challenges

Fundraising for a healthcare facility

Affordable Care Act–mandated Medicare and Medicaid

Financial strategies to control cost and improve net margin

Regardless of your topic, you will be identifying and
clearly stating a particular problem or management issue in which an element of
the identified problem or situation is not meeting expectations. A few examples
follow.

Cash flow to the hospital is inadequate. The CFO does not
have enough cash on hand to pay operating bills in a timely manner. How will
you improve cash flow?

Hospital investments are currently in CDs, which are earning
very low interest rates. A higher return on investment is needed. What are
better options for your specific type of healthcare facility, and what is the
risk associated with each type of investment recommended?

The clinic cannot recruit and retain enough nurses to keep
up with its growing patient population. How will you find more qualified
nurses, and how will you keep them once you have hired them?

The hospital facility itself needs to be replaced. How will
you determine the capital needs for the project, and how will the funds be
raised to accomplish this?

Remember that what appears to be the problem may actually be
just a symptom of a bigger problem, so dig deep to be sure you’ve identified
the real problem. If there appears to be more than one problem or issue, decide
if they are separate or related issues. You will be stating the problem in the
form of a question.

You will be given feedback to make sure that you’re on the
right track for this assignment. This is due in Week 3.

Category Points % Description

Outline Total 70 100% A
quality submission this week will be 1–2 pages in length and include the
following.

Identify the topic you have chosen for the Course Project.

A summary of the topic you will be writing about and its
importance in the healthcare industry should be included.

Define the problem that you will be trying to suggest a
solution for.

Identify possible solutions.

Describe the sources you will be using to conduct your
research and analysis.

Course Project Submission: Submit your assignment for
grading (200 points).