Assignment 2: Strategic Planning Report  Course Objectives for Assignment:   Present and defend an argument for or against a selected health care industry practice, incorp

Assignment 2: Strategic Planning Report 

Course Objectives for Assignment:  

• Present and defend an argument for or against a selected health care industry practice, incorporating examples of logical thinking and critical analysis. 
• Evaluate healthcare information technology (HIT) and health information management (HIM) in terms of the effects of HIT and HIM on clinical and managerial decision making, reporting, and health outcomes. 
• Evaluate the current and future needs of the healthcare workforce, the role of healthcare workforce management, and significance of workforce management in the healthcare environment. 

Background: 

Over the past few weeks, the class has reviewed several topics including the key aspects of workforce management, health policy, and information technology. Applying the information reviewed this week on finance and economics, we will explore how each of these weekly topics are connected from a healthcare administrators’ viewpoint. During each of our weekly readings, information was obtained on the importance of healthcare workforce structures, how policy is created, the significance of quality as well as change management, read about the foundational components of healthcare finance, and learned about the core elements of economics. Based on each of these areas that we have read about during class, discussed during our weekly discussions, and from your own research, you will provide insight to each of these topics, applying the information to the scenario below, for this week’s assignment 

Assignment Scenario: Role Playing as a Healthcare Administrator for Your Desired Healthcare Setting 

Step 1: Identify your desired healthcare setting and healthcare administrator role for the scenario. Look at “Healthcare Setting and Role” section below for your report. It is important to note that your selected healthcare facility is part of a large healthcare system, and you are one of the many administrators that the system has but you will be playing the role of the executive leader for your specific healthcare setting within your organization’s large healthcare system. 

Step 2: Based on your selected healthcare setting and role from Step 1, you will be presenting information at the next executive leadership meeting. Each administrator for your organization will be presenting information to the healthcare system’s executive leadership team, and you are required to complete the strategic planning report as part of your presentation. You will use the Strategic Planning Report Template, provided below, to prepare for this upcoming meeting. Each topic will need to be sufficiently addressed with supporting evidence that will assist the executive leadership team in preparing for next year’s budget and related to updating the strategic plan for your facility. 

Assignment Requirements: 

Complete the Strategic Planning Report using the Word document template provided within this assignment prompt. You will complete this report for the meeting, ensuring that each question provides the executive leadership team with the appropriate amount of details with supporting external evidence, so your facility’s budget and strategic plan are ready for the upcoming fiscal year. You will need to include at least 5 APA formatted references from the last five years with correlating in-text citations for the report. Please ensure that an APA 7th edition cover page, the report, and an APA 7th edition reference page are provided. 

• Check file #2 for the Strategic Planning Report Template 

Healthcare Setting and Role:  

Laboratory Director for a 25-bed critical access hospital (CAH) with swing beds for post-acute care to provide skilled nursing services, has an average length of stay of 3.5 days, offers a birthing center, provides cancer and infusion services, and has a connected assisted living facility. Your CAH is one of seven CAHs for your nonprofit healthcare system which is located within a rural Illinois town.

References/sources: I am going to upload files of the articles needed to support this homework. Once assigned, I will upload the files.

Here’s the reference list each citation is correlated to the file number going to be uploaded:

3.     Listl, S., Grytten, J. I., & Birch, S. (2019). What is health economics?. Community dental health, 36(4), 262–274. https://doi.org/10.1922/CDH_4581Listl13

4.     MjåsetChrister, IkramUmar, NagraNavraj, S., & FeeleyThomas, W. (2020). Value-Based health care in four different health care systems. NEJM Catalyst. https://catalyst.nejm.org/doi/full/10.1056/CAT.20.0530

5.     Shrank, William H., DeParle, Nancy-Ann, Gottlieb, Scott, Jain, Sachin H., Orszag, Peter, Powers, Brian W., & Wilensky, Gail R. (2021). Health Costs And Financing: Challenges And Strategies For A New Administration: Commentary recommends health cost, financing, and other priorities for a new US administration. Health Affairs, 40(2), 235–242. https://doi.org/10.1377/hlthaff.2020.01560

6.     Reiter, K.L. & Song, P.H. (2021). Gapenski’s healthcare finance: An introduction to accounting and financial management. (7th.ed.). Health Administration Press. 

7.     Bindra, P. (2018). The core elements of value in healthcare. Health Administration Press.

8.     Nowicki, M. (2018). Introduction to the Financial Management of Healthcare Organizations, Seventh Edition: Vol. Seventh edition. Health Administration Press.

9.     Robert Lee. (2019). Economics for Healthcare Managers, Fourth Edition: Vol. Fourth edition. AUPHA/HAP Book.

Rubric: