Economic

Milestone Two Guidelines and Rubric.html

IHP 620 Milestone Two Guidelines and Rubric

Prompt

In the first part of the course, we have applied foundational economic principles to the healthcare industry. For the first part of your final project, you will analyze these same microeconomic and macroeconomic principles and their impact on healthcare markets, healthcare service, and organizations. In this milestone, you will apply the knowledge you have gained through the first half of the course, as well as research current economic environments and legislative changes to gauge the impact on the healthcare industry through a policy research report.

In Milestone Two, you will submit your draft of the policy research report. Based on instructor feedback and direction, you will revise your policy research report for the final submission of the policy research and organizational analysis report in Module Nine.

Your policy research report should address the following elements:

1. Economic Theories and Principles:

1. Economic Disparities: Analyze the relationship between the financial well-being of the industry and availability of healthcare, in consideration of market and demand theories.
2. Economic Theories: What economic theories are most useful when applied to the healthcare industry and why?
3. Use of Economic Principles: Why do organizations utilize economic principles to guide strategic short-term and long-term decision making?

• For-Profit and Nonprofit:

1. Financial Differentiation: What differentiates for-profit and nonprofit healthcare organizations financially? What characteristics of each type of healthcare organization make the organizations different?
2. Economic Differentiation: What differentiates for-profit and nonprofit healthcare in terms of economic policies and legislation? What key recent and current economic policies impact each?

• Policy, Changes, and Disparities:

1. Economic Policy and Disparities in Care: Using current research and information (within the last five years), analyze the relationship between economic policy and disparities in care. How are they connected? How do they differ?
2. Policy Changes: What impact do recent legislative changes have on healthcare economic policy in general?
3. Disparities Planning: Why are disparities of care factored into healthcare strategic planning? Explain your reasoning and provide examples for support where appropriate.

What to Submit

Your report should be in APA format and all resources and references should be cited appropriately. A well-written, concise report will fall within the range of 4–6 pages, not including references and title page.

Milestone Two Rubric

Criteria	Exemplary (100%)	Proficient (90%)	Needs Improvement (75%)	Not Evident (0%)	Value
Economic Disparities	Meets “Proficient” criteria and analysis demonstrates strong analytical skills through nuanced comparison of theories	Accurately analyzes the relationship between the financial well-being of the industry and availability of healthcare, using market and demand theories as support	Analyzes the relationship between the financial well-being of the industry and availability of healthcare, but without market and demand theory support or with gaps in accuracy	Does not analyze the relationship between the financial well-being of the industry and availability of healthcare	12
Economic Theories	Meets “Proficient” criteria and the quality and detail of the conclusions evidences keen insight into the application of economic theory within the healthcare environment	Determines what economic theories are most applicable to the healthcare industry and explains conclusions in detail	Determines economic theories that are applicable and explains why, but lacks detail or accuracy	Does not determine economic theories that are applicable and explain why	12
Use of Economic Principles	Meets “Proficient” criteria and explanation evidences keen insight into the economic impact of organizational planning	Logically explains why individual organizations utilize economic principles for short-term and long-term strategic planning	Explains why individual organizations utilize economic principles for short-term and long-term strategic planning, but with gaps in logic or detail	Does not explain why individual organizations utilize economic principles for short-term and long-term strategic planning	12
Financial Differentiation	Meets “Proficient” criteria and comparison evidences keen insight into the financial needs, requirements, and impacts on and for the two types of organizations	Accurately differentiates between for-profit and not-for-profit healthcare organizations in terms of finances and organizational characteristics	Differentiates between for-profit and not-for-profit healthcare organizations, but not in terms of finances and organizational characteristics, or with gaps in accuracy	Does not differentiate between for-profit and not-for-profit healthcare organizations	10
Economic Differentiation	Meets “Proficient” criteria and comparison evidences keen insight into the nuanced relationships between the type of organizations and economic policies and legislation	Accurately differentiates between for-profit and not-for-profit healthcare organizations in terms of economic policies, legislation, and recent changes	Differentiates between for-profit and not-for-profit healthcare organizations, but not in terms of economic policies, legislation, and recent changes, or with gaps in accuracy	Does not differentiate between for-profit and not-for-profit healthcare organizations	10
Economic Policy and Disparities in Care	Meets “Proficient” criteria and analysis evidences keen insight into the nuances of and varied influences on the relationship between economic policy and care	Accurately analyzes the relationship between economic policy and disparities in care, using current data	Analyzes the relationship between economic policy and disparities in care, but with gaps in accuracy, or without using current data	Does not analyze the relationship between economic policy and disparities in care	12
Policy Changes	Meets “Proficient” criteria and determinations provide a broad view of healthcare economic policy within the current environment	Accurately determines the impact recent legislation changes have had on economic healthcare policies in general	Determines the impacts recent legislation changes have had on economic healthcare policies, but with gaps in accuracy or detail	Does not determine the impact recent legislation changes have had on economic healthcare policies	12
Disparities Planning	Meets “Proficient” criteria and description effectively ties the explanation to the real world using examples and relevant sources for support	Accurately describes why disparities of care are factored into healthcare strategic planning with examples for support	Describes why disparities of care are factored into healthcare strategic planning, but with gaps in accuracy or support	Does not describe why disparities of care are factored into healthcare strategic planning	10
Articulation of Response	Submission is free of errors related to citations, grammar, spelling, syntax, and organization and is presented in a professional and easy-to-read format	Submission has no major errors related to citations, grammar, spelling, syntax, or organization	Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas	Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas	10
Total:	100%