HCS 577 WEEK 1 Financial Environments Worksheet
HCS 577 WEEK 1 Financial Environments Worksheet
HCS 577 WEEK 1 Financial Environments Worksheet
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Complete the Material: Financial Environments Worksheet.
- Identify three specific examples of entities with for-profit not-for-profit and government financial environments in the health care industry.
- Compare the similarities and differences between the for-profit not-for-profit and government financial environments.
Financial Environments Worksheet Assignment
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Identify three specific examples of entities with for-profit, not-for-profit, and government financial environments in the health care industry. Compare the similarities and differences between the for-profit, not-for-profit, and government financial environments.
The effectiveness of the NLP in streamlining the CDI work process depends on the kind of the documentation that is fused in the framework from the EHR. As such, it is important for suppliers to bring their documentations positive basis. The 3M 360 framework comes with a “nosology” division that reviews all documentations and facilitates their breakdown by NLP. Y. Brock clarified that during the implementation process, a crucial leadership group was formed comprising of CDI executives, physicians’ counsels, and coding executives, and the central restorative informatics officer. This group was tasked with endorsing the improvements made to the documentation before submission to 3M to arrange for the NLP. Subsequently, CAC links to the documentation from the EHR, via NLP, to the auto-recommended coding.
During the project implementation process, the 3M experts occasionally worked with staff to enhance the framework. In particular, they provided advice on CDI and coding, assessing whether or not the devices in the framework are used effectively, administration and auditing of reports in the framework, and overall implementation. Consequently, the experts make recommendations to help in improving the work process. For instance, stressing on the essence of formulating effective working relationship between the data frameworks, CDI, and the coders to ease implementation and support for the framework.
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| For-Profit Organizations | Not-for-Profit Organizations | Government Organizations | |
| Specific Examples | 1.
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| Similarities between Environments | (insert similarity)
(insert similarity) (insert similarity) (insert similarity) (insert similarity) |
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| Differences between Environments | 1.
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HCS 577 WEEK 2 Comparative Summary
Identify one entity from each health care financial environment identified in the Financial Environments Worksheet.
Write a 1,050- to 1,400-word summary comparing the financial environments of these three entities.
Address the following for each environment:
- Describe the financial structure.
- Which policies are unique to the financial environment?
- Which financial management practices are prevalent in the financial environment?
- Explain why effective financial management is more difficult in health care than in other industries.
Format your assignment consistent with APA guidelines.