Final Milestone

1

Your organization needs to be an acute healthcare facility, such as a hospital. A few good

hospitals to use are Johns Hopkins, St. Jude’s, and Mt Sinai. You must be able to access public

financial information via their published reports/community communications. You cannot use

the American Health Act (ACA, Obama Care) as that is our healthcare system. You need to look

at economic legislation that impacts our healthcare system such as CHIP, HITECH, HIPAA,

Anti-fraud, Anti-monopoly laws and others. Please use the newest version for your choice.

Please use your organizations website as the main source for information and financial

information. Financial information is a source for financial information and trends. You can also

use the communication to the community and press releases for various information related to

your facility. For the rest of the paper please use appropriate websites, such as the organizations

website, and published research.

Review the final paper rubric. I have combined all the aspects from Milestones 1, 2, 3

into this one help document. The main rubric is the final rubric for the paper. The comments in

purple are my comments and further explanation.

APA guidelines are to cite all your materials. Almost every sentence will be cited. Times

New Roman, 12 font, black colored font, double spaced, cover page and reference page are

needed. There needs to be 3 sentences to make a paragraph. A few suggestions- keep the same

few example(s) throughout the paper. That helps to make the paper more cohesive and ties the

info together.

Economic Theories and Principles

Economic disparities

If you remember from our readings, economic disparities are a difference in measures of

economic well-being among individuals within the community. Discuss this topic in general. Do

not use your facility for this section. What does your community reflect? Analyze the

relationship between your community’s health care disparities and the financial well-being of the

healthcare industry in the area and availability of healthcare. In other words, how much

healthcare is available based on a community's wealth? You can either generalize the discussion

or use a specific geographical area as your example. For example, I could discuss the topics

generally on a federal level. Or, I could discuss this information based on my home town.

2

Economic theories

Look at your top 1-2 economic theories that can be applied to the healthcare industry and

then the rationale why. Provide a Health-related example. Apple Inc is not a healthcare

organization. Examples include supply/demand, scarcity, and opportunity cost. There are quite

few to use in your book too!

Use of economic principles

How to hospitals, in general, use strategic planning to make short- and long-term goals?

What is the process? Add an short example of each goal.

For-Profit and Nonprofit

Financial differentiation

Logically analyze the differences between for-profit and nonprofit healthcare organizations

financially. What are some specific characteristics that make the organizations different? Keep

for-profit and nonprofit in separate paragraphs. Be sure to show characteristics that are similar and

different. Economic differentiation

Utilizing an economic policy, state how non and for profit react to it. For example, how

would a non-profit facility react to the newest CHIP legislation? How would a for-profit react to

the newest CHIP legislation. You can use your legislation from your SWOT. For example non

and for profit would react the same to the CHIP Legislation.

Policy, Changes and Disparities

Economic policy and disparities in care

Using current research from the last five years analyze the relationships/connections and

differences in two paragraphs. How are healthcare economic policies and healthcare disparities

connected? Focus in on one disparity connected to your healthcare policy. What connects these

two areas? You can use a health-related example.

How are these entities different? What doesn’t connect? Use the same example.

Policy changes

What impact can recent legislative changes have on the economic policy in healthcare in

general? You cannot use the ACA as that is our healthcare system. We are focused on economic

legislation that affect our ACA. What is a piece of legislation that affects healthcare? You can

3

use your legislation from your SWOT, explain what the legislation is supposed to do and how

your legislation has impacted healthcare in general.

Disparities planning

How are disparities of care factored into health care strategic planning for various

healthcare organizations? In other words, why do hospitals use strategic planning to pay for

healthcare disparities?

Organizational Impact

Organization Impact

Propose your choice of hospital and rational. Do not use 1st person. Describe in detail the

hospitals mission. What is the industry or purpose? For example, St. Jude’s is a non-profit

hospital whose mission is to provide care to pediatrics with specific cancers at no further cost to

the parents (St. Jude’s, 2021). No direct quotes but summarize and cite the information using the

hospitals website.

What are the sub-industries? For example, St. Jude’s also has a huge research center

linked to their mission of curing cancer in pediatric patients (St. Jude’s, 2021).

What is the hospital’s financial background? Find 1-2 specific examples of the yearly

income and expenses. Is the facility solvent? What do the numbers mean? Do not add any charts.

Nonprofit or For Profit

Is the organization you selected a nonprofit or a for-profit? What differences will this

make in terms of economic policy impact? What is your organization’s tax status? How is your

healthcare facility affected by economic legislation based on their tax status?

Demand Theory

Accurately describe how the demand theory is reflected in the hospital’s financial

statements. Answer the question: How do you know your facility is in demand? This may take a

little bit of reasonable deduction when reviewing the yearly financials of the hospital. For

demand, you can look for new services being provided or a new building going up to better serve

the community. Has there been an increase in patient services in a particular area? Etc.

You can find this information sometimes in the communication to the community, press

releases and Google. For example, “Google Johns Hopkins Bulletins” and many sites show up

including the library at JH where all the bulletins are stored. You can search that JH data base.

Market Behavior Impact

4

Explain how the market behavior of the healthcare industry impacts the financial

statements of the organization at various times throughout the year and the rationale for these

yearly fluctuations. One area to look at is fundraising and any published pro-bono work.

Fundraisers bring money in [income]; whereas, pro-bono cases cause spending of money

[expenses]. You can also look at the publications for the community. Again, you can Google

your facility and “yearly changes” and see what pops up!

Economic Legislative Changes

Legislative Changes

Considering the economic and legislative changes you researched, what changes are most

likely to impact your organization, and why? Utilizing your SWOT legislation explain how that

policy has affected your facility. Provide a good example. Again, do not use the ACA.

Policy Changes and Impact

Then using the economic policy/legislation above, what was an internal policy that

needed to change to be compliant with that law?

Statement Impact

Continuing with the same economic policy, how does the policy affect the financial

statements of your organization? Add in an example or two from your organization for your

example.

Potential Disparities

Continuing with the same economic policy, what is a specific healthcare disparity that

was created? Provide a well-developed recommendation to fix the healthcare disparity using

evidence-based research.

Conclusion

5

References start on the next page