1. Implications of Health Economic Concepts for Health Care
   Overview
   Select at least five economic concepts covered in the first four weeks’ readings, and discuss the primary manner in which these concepts impact the world of health care economics. Some examples of selected concepts are health demand and supply, elasticity, resources, health measures, and costs.
   Instructions
   Write a 4–6-page paper in which you:
   1. Assess the value of health care professionals and decision-makers understanding the discipline of health economics.
   2. Defend or critique the importance of considering the complex nature of health and health care when examining the economic principles related to health care delivery.
   3. Analyze the primary potential benefits of learning about health economics related to government involvement in health care economics, financing, and delivery.
   4. Analyze the main potential benefits of learning about health economics related to private sector government involvement in health care economics, financing, and delivery.
   5. Use at least five current references. Three of these references must be from current peer-reviewed sources to support and substantiate your comments and perspectives. 
   6. This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course.The specific course learning outcome associated with this assignment is:
   • Assess the implications of health economics in relation to health care professionals, delivery, and government and private sector involvement.
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Case Study: Dealing with Risk and Uncertainty

Overview

Select a company of your choice, one that has been dealing with risk and uncertainty within the last six months, and write a 6–8 page paper in which you identify risk and identify comprehensive ways to should minimize its negative impacts and address risk while improving profitability.

Instructions

• Evaluate a company’s recent actions (within the last six months) dealing with risk and uncertainty.
• Offer advice for improving risk management.
• Examine an adverse selection problem your company is facing and recommend how it should minimize its negative impact on transactions.
• Determine the ways your company is dealing with the moral hazard problem and suggest best practices used in the industry to deal with it.
• Identify a principal-agent problem in your company and evaluate the tools it uses to align incentives and improve profitability.
• Examine the organizational structure of your company and suggest ways it can be changed to improve the overall profitability.
• Use at least five quality academic resources in this assignment. One reference must be about the risk and uncertainty the company has faced in the last six months. 
  • Note: Wikipedia, Investopedia, Course Hero, and similar websites are not acceptable references.
  • For the best results in your search for resource material, visit the Research Hub.

 

Identify a leader in a health care setting who is responsible for fiscal planning and financial management. This person may be solely responsible for financial management or have multiple duties and responsibilities that include fiscal planning and financial management. Request an interview with that person. You may conduct your interview in person, via teleconference, or via videoconference. Use the interview guide you created for last week’s assignment.  and other sources to locate publicly available financial information for this organization. 

The Interview Guide you created in Week 2 should include 10 questions. Seven questions are provided for you. You should develop three additional questions. You should ask the following seven questions in addition to the three questions that you developed:

1. Can you tell me about your role within your organization? What are your duties and responsibilities? How long have you been in this role?
2. Can you share with me all of your duties and responsibilities that involve fiscal planning and financial management?
3. How does your organization approach strategic planning?
4. How do you approach operational budgeting? How does your organization approach capital budgeting?
5. What is the most expensive aspect of health care delivery?
6. How is health care finance related to the cost of care, quality, value, waste, performance improvement, regulatory compliance, provider relationships, and insurance reimbursement?
7. What cost-containment measures has the organization used?
8. What is the financial planning model your organization has chosen?
9. What are the main factors you consider while employing an additional long-term finance if necessary.
10. How does your company’s financial planning method differ from your competitors?

Write a 3-4 page paper in which you report your findings from your interviews and research:

1. Indicate the name and title of the person you interviewed. Share some background about their organization, responsibility and role you play with time at the company.
2. Share the mission, vision, and strategic priorities of the organization.
3. Provide some organizational background (location, size, focus, services provided, demographic of patients served for or nonprofit status).
4. Explain all of the financial-related tasks and responsibilities that your interviewee engages in.
5. From the interviewer’s perspective, explain how health care finance is related to the cost of care, quality, value, waste, performance improvement.
6. Comment the organization’s strategic planning process and its relationship to financial management. Is there appropriate alignment? Support your perspective.
7. In a final paragraph, explain what you see as the most important aspect of financial management for health care administrators.
8. List 3 professional references.

MULTICULTURAL TEAMS ASSIGNMENT

You are the US employee of a US company. 

You are the LEADER of the team which is to outline what the business concept would be to take the existing business to Japan. It would involve a project lasting several months. Half of the time would be spent living in Japan using experts, associates, and senior consultants from a consulting firm in Tokyo and also some of their retail experts throughout the world. Your team will do everything from consumer research to competitive analysis to considering mergers and acquisitions.

The Team: You and three older men from the company. A consultant from Germany, who is fluent in English, and has lived in the U.S. the last three years. A consultant from India. Two consultants from Japan. (As well as the experts from Japan.)

1. Challenge: The Japanese would definitely not participate when the group got bigger than a few. They would not talk on topics that were not their responsibility.
2. Challenge: The need to follow the direction from the top is explicit in Japan. If the president or leader of the company mandates an action, process, procedure, or policy, it is considered law. This is true even if it causes complications or hardships.
3. Challenge: You do not have a timeline. The India consultant said it would take a year and a half. One of the Americans said it would take four or five months.
4. Challenge: There are differences in communication and perceptions. The Japanese consultants, since they are from the culture in question, have preconceived ideas of what they should find. The rest of you have other preconceived ideas of what you should find. It is difficult when interpreting data about what the data really meant or what was the most important issue. You do not know what their assumptions are.
5. Challenge: Even though you are the leader, you are the youngest person on the team and have the least experience. Others on the team, including the Americans, have reservations about your ability to lead, but your boss believes that you are talented and are capable of overseeing this project.

As the leader of the team, discuss and explain in a WORD document how you will deal with each challenge. (1-2 paragraph each for each challenge)

*If you feel the need to do some additional research to do this assignment, that is fine, but if you use someone else’s work or another source, be sure to cite it. (MLA format) (12pts, Times New Roman) (1-inch margins)

ATTACHED IS A WORKED ON PROJECT ON STORE REMODELING. I will like to change a few things in the project.

1. Name

2. project has to follow descriptions listed on the project description. the project has to start with this 

   

Company Background

Tell the story (who, what, when, where, how) of the company or organization for which this project is being done.

· Who founded this company? Who are its leaders? 

· What does this company make or do? What is its target market? What is its financial performance?

· When was the company founded? Where was/is it located?

· How does the company operate? How effective is the company in its industry? How are its competitors placed in the market?

If using a company website, be sure to cite the source!

Current Process

What is the current process or existing scenario for accomplishing the company’s goals? In other words, how does the company conduct business? If, for example, it is a construction business building new homes, what would be the process that encompasses the company’s procedure from advertising through getting customers, doing the project and closing out the project deliverable. This current process might be something like:

1) Receive customer specifications

2) Design preliminary floor plan and elevation

3) Send preliminary documents to customer

4) Receive and execute customer changes

5) Create bid for customer contract

6) Run bid through technical and legal departments

7) Ship bid to customer

8) Follow up with customer

9) Negotiate details of bid acceptance

10) Build the negotiated architectural design

11) Oversee construction budget

12) Deliver agreed upon product to customer

13) Receive payment

14) Close out project using lessons learned approach

Your project must fit within the framework of the company’s business. In other words, if the company builds single family residences, your project would not be for an office building. It must be related to a specific type of single family home/townhouse. 

Project Overview

The project overview is a report on the project undertaking and a discussion of the general situation management finds itself in. This provides important context for the project management team to use in determining methods, approaches, and timeframes, as well as a scope.

For example, if building a new home, you should state whether it will have one or two stories, three or four bedrooms, and any other rooms that are to be included. There may be important details regarding the lot, area of town, and other issues such as landscaping. Be as detailed as possible, since this will assist the instructor in understanding and ultimately approving your project based on his/her belief that you have a viable project topic for a team of 3-4 persons. 

Objectives

Objectives describe concrete outcomes that a project will meet so as to be deemed a success. Goals need to be described as specifically as necessary-but no more specifically than that. The purpose is not to artificially constrain the project but to limit the project to as wide a range of acceptable outcomes as possible. Targets are measurements of how well the goals were met. For example:

  

Goals

Targets

 

1) Provide construction blueprints to customer

Excellent = < 4 days

Good = < 1 week

Acceptable = < 2 weeks

 

2) Decrease delivery time on all raw materials from 10 days 

Excellent = -40%

Good = -30%

Acceptable = -15%

 

3) Reduce amount of rework from inspections 

Excellent = -80%

Good = -65%

Acceptable = -50%

 

5) Decrease cost overruns

Excellent = -40%

Good = -30%

Acceptable = -15%

General Approach

What will be the general project approach taken, in terms of managerial and technical changes, to create these changes through the project? For example:

Managerial approach – These items relate to how the managers will plan, organize, direct and control the project resources toward the targeted outcome.

Technical approach – These items relate to the procedural aspects needed, including logistics of moving equipment to and from the site, designing the blueprints to meet customer expectations, utilizing computers, etc 

Also, 

I need extra things added in these sections listed in the project description.

Thank you