HLTH 4520 Healthcare Finance Discussion
HLTH 4520 Healthcare Finance Discussion
Healthcare managers need to have tools to create a financial analysis to justify programs, create new programs, and apply programs to patient services. You will review a case study for Shasta Outpatient Clinics and create a cost-effectiveness analysis (CEA). The Shasta Clinic leadership is trying to determine whether a staffing enhancement of a physician extender is needed in all three of their clinics or in only one or two of them. By applying the concepts of CEA, you will make a recommendation regarding the staffing change.
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To Prepare:
Review Chapter 9 of the Penner (2017) textbook, especially the section on CEAsReview Case Study 5, Shasta Family Practice in Pink and Song (2018). This case focuses on the use of physician extenders in three outpatient clinical settings.Select one of the three Shasta Outpatient Clinics to focus on for this Discussion. You must perform a cost-effectiveness analysis (CEA) to determine which type of extender, if any, would be appropriate for each practice. You will determine the financial impact and any qualitative improvements to patient care.Reflect on the results of your CEA for the physician extenders examined.Consider the financial impact of these extenders for the practice and reflect on qualitative improvements you might recommend to improve patient care.Post a comprehensive response to the following:
Provide a brief description of the Shasta Outpatient Clinic you selected.Briefly describe the results of your CEA for a physician extender.Highlight the primary and secondary patient benefits for the outpatient clinic site you selected based on the results of your CEA for a physician extender.Briefly explain the direct and indirect costs associated with the project or program. Are there costs that cannot be quantified? Are there any benefits that cannot be quantified? If so, describe what these costs are and explain why they cannot be quantified.As a decision-maker, how would you use the results of your CEA for this project? Be specific and provide at least two examples.Resources:
Penner, S. J. (2017). Economics and financial management for nurses and nurse leaders (3rd ed.). New York, NY: Springer Publishing.
Chapter 9, “Comparing Costs and Benefits” (pp. 217–229)Chapter 10, “Writing a Business Plan” (pp. 249–259)
Pink, G. H., & Song, P. H. (2018) Gapenski’s cases in healthcare finance (6th ed.). Chicago, IL: Health Administration Press.
Case Study 5, “Shasta Family Practice (Cost-Benefit Analysis)”Excel Spreadsheet for Shasta Family Practice
Putra, L.D. (2008). How to calculate cost variances? [8 types]. http://accounting-financial-tax.com/2008/12/how-to-calculate-cost-variances-8-types/
Giffin, R.B., & Giffin, M.F. (n.d.). Cost-benefit analysis: A primer for community health workers. https://azprc.arizona.edu/sites/default/files/CHWtoolkit/PDFs/FRAMEWOR/COSTBENE.PDF

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