Determining Financial Viability
3 years ago 25
DeterminingFinacialViabilityDirections.docx
Rubric-DeterminingFinancialViability.pdf
DeterminingFinacialViabilityDirections.docx
Health care organizations typically make money through a few main revenue streams: out-of-pocket payments from patients, insurance claims and reimbursements, capital investments, and Medicare or Medicaid via government billing. The organization's income or revenue is then used to cover operating expenses, employee salaries, and other administrative costs. Financial viability is achieved when an organization has more financial revenue than expenses.
Write a paper (900-1,100 words) that describes the following points related to organizational financial viability:
1. Explain the differences between finance, accounting, and financial reporting structures, and describe how the structure and rules of each department are related to auditing.
2. Explain how they work together towards the objectives of a strategic plan to meet financial viability in a health care organization.
3. How might a scarcity of resources affect an organization's budgets and, consequently, its ability to meet financial viability?
Cleverly, W.O., Song, P.H., & Cleverly , J.O.(2011). Essentials of Health Care Finance(7th ed).
Sudbury, MA: Jones & Barlett. BibliU - Reader - Essentials of Health Care Finance
Include references to your textbook and two additional scholarly sources.
Rubric-DeterminingFinancialViability.pdf
Determining Financial Viability - Rubric Total 70 points
Criterion 1. Unsatisfactory 2. Insufficient 3. Approaching 4. Acceptable 5. Target
Finance, Accounting, and
Reporting Structures
Explanation of the
differences between finance,
accounting, and financial
reporting structures, and a
description of how each
department is related to
auditing.
0 points
An explanation of the
differences between finance,
accounting, and financial
reporting structures, and a
description of how each
department is related to
auditing are not included.
12.29 points
An explanation of the
differences between finance,
accounting, and financial
reporting structures, and a
description of how each
department is related to
auditing are incomplete or
otherwise deficient.
14.17 points
An explanation of the
differences between finance,
accounting, and financial
reporting structures, and a
description of how each
department is related to
auditing are present, but
only minimal detail or
support is provided.
16.06 points
An explanation of the
differences between finance,
accounting, and financial
reporting structures, and a
description of how each
department is related to
auditing are provided with
appropriate details and
support.
18.9 points
An explanation of the
differences between finance,
accounting, and financial
reporting structures, and a
description of how each
department is related to
auditing are thoroughly
explored with relevant
details and support.
Strategic Plans for
Financial Viability
Explanation of how finance,
accounting, and financial
reporting structures work
together towards the
objectives of a strategic plan
to meet financial viability in a
health care organization.
0 points
An explanation of how
finance, accounting, and
financial reporting structures
work together towards the
objectives of a strategic plan
to meet financial viability in a
health care organization is
not included.
12.29 points
An explanation of how
finance, accounting, and
financial reporting structures
work together towards the
objectives of a strategic plan
to meet financial viability in a
health care organization is
incomplete or otherwise
deficient.
14.17 points
An explanation of how
finance, accounting, and
financial reporting structures
work together towards the
objectives of a strategic plan
to meet financial viability in a
health care organization is
incomplete or otherwise
deficient.
16.06 points
An explanation of how
finance, accounting, and
financial reporting structures
work together towards the
objectives of a strategic plan
to meet financial viability in a
health care organization is
provided with appropriate
details and support.
18.9 points
An explanation of how
finance, accounting, and
financial reporting structures
work together towards the
objectives of a strategic plan
to meet financial viability in a
health care organization is
thoroughly explored with
relevant details and support.
Scarcity of Resources
Illustration of how a scarcity
of resources affects an
organizational budget and
ability to meet financial
viability.
0 points
An illustration of how a
scarcity of resources affects
an organizational budget and
its ability to meet financial
viability is not included.
11.83 points
An illustration of how a
scarcity of resources affects
an organizational budget and
its ability to meet financial
viability is incomplete or
otherwise deficient.
13.65 points
An illustration of how a
scarcity of resources affects
an organizational budget and
its ability to meet financial
viability is present, but only
minimal detail or support is
provided.
15.47 points
An illustration of how a
scarcity of resources affects
an organizational budget and
its ability to meet financial
viability is provided with
appropriate details and
support.
18.2 points
An illustration of how a
scarcity of resources affects
an organizational budget and
its ability to meet financial
viability is thoroughly
explored with relevant
details and support.
Thesis, Position, or Purpose
Communicates reason for
writing and demonstrates
awareness of audience.
0 points
The thesis, position, or
purpose is not discernible.
No awareness of the
appropriate audience is
evident.
2.28 points
The thesis, position, or
purpose is unfocused or
confused. There is very little
awareness of the intended
audience.
2.63 points
The thesis, position, or
purpose is discernable in
most aspects but is
occasionally weak or unclear.
There is limited awareness of
the appropriate audience.
2.98 points
The thesis, position, or
purpose is adequately
presented. An awareness of
the appropriate audience is
demonstrated.
3.5 points
The thesis, position, or
purpose is clearly
communicated throughout
and clearly directed to a
specific audience.
Development, Structure,
and Conclusion
Advances position or
purpose throughout writing;
conclusion aligns to and
evolves from development.
0 points
No advancement of the
thesis, position, or purpose is
evident. Connections
between paragraphs are
missing or inappropriate. No
conclusion is offered.
2.28 points
Writing lacks logical
progression of the thesis,
position, or purpose. Some
organization is attempted,
but ideas are disconnected.
Conclusion is unclear and not
supported by the overall
development of the purpose.
2.63 points
Limited advancement of
thesis, position, or purpose is
discernable. There are
inconsistencies in
organization or the
relationship of ideas.
Conclusion is simplistic and
not fully aligned to the
development of the purpose.
2.98 points
The thesis, position, or
purpose is advanced in most
aspects. Ideas clearly build
on each other. Conclusion
aligns to the development of
the purpose.
3.5 points
The thesis, position, or
purpose is logically advanced
throughout. The progression
of ideas is coherent and
unified. A clear and logical
conclusion aligns to the
development of the purpose.
Evidence
Selects and integrates
evidence to support and
advance position/purpose;
considers other perspectives.
0 points
Evidence to support the
thesis, position, or purpose is
absent. The writing relies
entirely on the perspective of
the writer.
1.82 points
Evidence is limited or
irrelevant. The interpretation
of other perspectives is
superficial or incorrect.
2.1 points
Evidence is used but is
insufficient or of limited
relevance. Simplistic
explanation or integration of
other perspectives is present.
2.38 points
Relevant evidence that
includes other perspectives
is used.
2.8 points
Specific and appropriate
evidence is included.
Relevant perspectives of
others are clearly
considered.
Mechanics of Writing
Includes spelling,
capitalization, punctuation,
grammar, language use,
sentence structure, etc.
0 points
Errors in grammar or syntax
are pervasive and impede
meaning. Incorrect language
choice or sentence structure
errors are found throughout.
1.82 points
Frequent and repetitive
mechanical errors are
present. Inconsistencies in
language choice or sentence
structure are recurrent.
2.1 points
Occasional mechanical errors
are present. Language choice
is generally appropriate.
Varied sentence structure is
attempted.
2.38 points
Few mechanical errors are
present. Suitable language
choice and sentence
structure are used.
2.8 points
No mechanical errors are
present. Appropriate
language choice and
sentence structure are used
throughout.© 2023. Grand Canyon University. All Rights Reserved.
Criterion 1. Unsatisfactory 2. Insufficient 3. Approaching 4. Acceptable 5. Target
Format/Documentation
Uses appropriate style, such
as APA, MLA, etc., for college,
subject, and level;
documents sources using
citations, footnotes,
references, bibliography, etc.,
appropriate to assignment
and discipline.
0 points
Appropriate format is not
used. No documentation of
sources is provided.
0.91 points
Appropriate format is
attempted, but some
elements are missing.
Frequent errors in
documentation of sources
are evident.
1.05 points
Appropriate format and
documentation are used,
although there are some
obvious errors.
1.19 points
Appropriate format and
documentation are used with
only minor errors.
1.4 points
No errors in formatting or
documentation are present.
© 2023. Grand Canyon University. All Rights Reserved.
DeterminingFinacialViabilityDirections.docx
Health care organizations typically make money through a few main revenue streams: out-of-pocket payments from patients, insurance claims and reimbursements, capital investments, and Medicare or Medicaid via government billing. The organization's income or revenue is then used to cover operating expenses, employee salaries, and other administrative costs. Financial viability is achieved when an organization has more financial revenue than expenses.
Write a paper (900-1,100 words) that describes the following points related to organizational financial viability:
1. Explain the differences between finance, accounting, and financial reporting structures, and describe how the structure and rules of each department are related to auditing.
2. Explain how they work together towards the objectives of a strategic plan to meet financial viability in a health care organization.
3. How might a scarcity of resources affect an organization's budgets and, consequently, its ability to meet financial viability?
Cleverly, W.O., Song, P.H., & Cleverly , J.O.(2011). Essentials of Health Care Finance(7th ed).
Sudbury, MA: Jones & Barlett. BibliU - Reader - Essentials of Health Care Finance
Include references to your textbook and two additional scholarly sources.
Rubric-DeterminingFinancialViability.pdf
Determining Financial Viability - Rubric Total 70 points
Criterion 1. Unsatisfactory 2. Insufficient 3. Approaching 4. Acceptable 5. Target
Finance, Accounting, and
Reporting Structures
Explanation of the
differences between finance,
accounting, and financial
reporting structures, and a
description of how each
department is related to
auditing.
0 points
An explanation of the
differences between finance,
accounting, and financial
reporting structures, and a
description of how each
department is related to
auditing are not included.
12.29 points
An explanation of the
differences between finance,
accounting, and financial
reporting structures, and a
description of how each
department is related to
auditing are incomplete or
otherwise deficient.
14.17 points
An explanation of the
differences between finance,
accounting, and financial
reporting structures, and a
description of how each
department is related to
auditing are present, but
only minimal detail or
support is provided.
16.06 points
An explanation of the
differences between finance,
accounting, and financial
reporting structures, and a
description of how each
department is related to
auditing are provided with
appropriate details and
support.
18.9 points
An explanation of the
differences between finance,
accounting, and financial
reporting structures, and a
description of how each
department is related to
auditing are thoroughly
explored with relevant
details and support.
Strategic Plans for
Financial Viability
Explanation of how finance,
accounting, and financial
reporting structures work
together towards the
objectives of a strategic plan
to meet financial viability in a
health care organization.
0 points
An explanation of how
finance, accounting, and
financial reporting structures
work together towards the
objectives of a strategic plan
to meet financial viability in a
health care organization is
not included.
12.29 points
An explanation of how
finance, accounting, and
financial reporting structures
work together towards the
objectives of a strategic plan
to meet financial viability in a
health care organization is
incomplete or otherwise
deficient.
14.17 points
An explanation of how
finance, accounting, and
financial reporting structures
work together towards the
objectives of a strategic plan
to meet financial viability in a
health care organization is
incomplete or otherwise
deficient.
16.06 points
An explanation of how
finance, accounting, and
financial reporting structures
work together towards the
objectives of a strategic plan
to meet financial viability in a
health care organization is
provided with appropriate
details and support.
18.9 points
An explanation of how
finance, accounting, and
financial reporting structures
work together towards the
objectives of a strategic plan
to meet financial viability in a
health care organization is
thoroughly explored with
relevant details and support.
Scarcity of Resources
Illustration of how a scarcity
of resources affects an
organizational budget and
ability to meet financial
viability.
0 points
An illustration of how a
scarcity of resources affects
an organizational budget and
its ability to meet financial
viability is not included.
11.83 points
An illustration of how a
scarcity of resources affects
an organizational budget and
its ability to meet financial
viability is incomplete or
otherwise deficient.
13.65 points
An illustration of how a
scarcity of resources affects
an organizational budget and
its ability to meet financial
viability is present, but only
minimal detail or support is
provided.
15.47 points
An illustration of how a
scarcity of resources affects
an organizational budget and
its ability to meet financial
viability is provided with
appropriate details and
support.
18.2 points
An illustration of how a
scarcity of resources affects
an organizational budget and
its ability to meet financial
viability is thoroughly
explored with relevant
details and support.
Thesis, Position, or Purpose
Communicates reason for
writing and demonstrates
awareness of audience.
0 points
The thesis, position, or
purpose is not discernible.
No awareness of the
appropriate audience is
evident.
2.28 points
The thesis, position, or
purpose is unfocused or
confused. There is very little
awareness of the intended
audience.
2.63 points
The thesis, position, or
purpose is discernable in
most aspects but is
occasionally weak or unclear.
There is limited awareness of
the appropriate audience.
2.98 points
The thesis, position, or
purpose is adequately
presented. An awareness of
the appropriate audience is
demonstrated.
3.5 points
The thesis, position, or
purpose is clearly
communicated throughout
and clearly directed to a
specific audience.
Development, Structure,
and Conclusion
Advances position or
purpose throughout writing;
conclusion aligns to and
evolves from development.
0 points
No advancement of the
thesis, position, or purpose is
evident. Connections
between paragraphs are
missing or inappropriate. No
conclusion is offered.
2.28 points
Writing lacks logical
progression of the thesis,
position, or purpose. Some
organization is attempted,
but ideas are disconnected.
Conclusion is unclear and not
supported by the overall
development of the purpose.
2.63 points
Limited advancement of
thesis, position, or purpose is
discernable. There are
inconsistencies in
organization or the
relationship of ideas.
Conclusion is simplistic and
not fully aligned to the
development of the purpose.
2.98 points
The thesis, position, or
purpose is advanced in most
aspects. Ideas clearly build
on each other. Conclusion
aligns to the development of
the purpose.
3.5 points
The thesis, position, or
purpose is logically advanced
throughout. The progression
of ideas is coherent and
unified. A clear and logical
conclusion aligns to the
development of the purpose.
Evidence
Selects and integrates
evidence to support and
advance position/purpose;
considers other perspectives.
0 points
Evidence to support the
thesis, position, or purpose is
absent. The writing relies
entirely on the perspective of
the writer.
1.82 points
Evidence is limited or
irrelevant. The interpretation
of other perspectives is
superficial or incorrect.
2.1 points
Evidence is used but is
insufficient or of limited
relevance. Simplistic
explanation or integration of
other perspectives is present.
2.38 points
Relevant evidence that
includes other perspectives
is used.
2.8 points
Specific and appropriate
evidence is included.
Relevant perspectives of
others are clearly
considered.
Mechanics of Writing
Includes spelling,
capitalization, punctuation,
grammar, language use,
sentence structure, etc.
0 points
Errors in grammar or syntax
are pervasive and impede
meaning. Incorrect language
choice or sentence structure
errors are found throughout.
1.82 points
Frequent and repetitive
mechanical errors are
present. Inconsistencies in
language choice or sentence
structure are recurrent.
2.1 points
Occasional mechanical errors
are present. Language choice
is generally appropriate.
Varied sentence structure is
attempted.
2.38 points
Few mechanical errors are
present. Suitable language
choice and sentence
structure are used.
2.8 points
No mechanical errors are
present. Appropriate
language choice and
sentence structure are used
throughout.© 2023. Grand Canyon University. All Rights Reserved.
Criterion 1. Unsatisfactory 2. Insufficient 3. Approaching 4. Acceptable 5. Target
Format/Documentation
Uses appropriate style, such
as APA, MLA, etc., for college,
subject, and level;
documents sources using
citations, footnotes,
references, bibliography, etc.,
appropriate to assignment
and discipline.
0 points
Appropriate format is not
used. No documentation of
sources is provided.
0.91 points
Appropriate format is
attempted, but some
elements are missing.
Frequent errors in
documentation of sources
are evident.
1.05 points
Appropriate format and
documentation are used,
although there are some
obvious errors.
1.19 points
Appropriate format and
documentation are used with
only minor errors.
1.4 points
No errors in formatting or
documentation are present.
© 2023. Grand Canyon University. All Rights Reserved.
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