Analyze key metrics to monitor operations.
1. Understanding Balanced Scorecard & Dashboard Reporting
2. Primary Financial Objective of a Healthcare System
3. Critical Financial Performance Drivers & Measures
4. Hospital Cost Index Measurement
Scenario: On Board
This week, you play a different role–that of a recently appointed board member to the Hospital System. You are a labor law attorney who worked for the Hospital in the past but not currently. You now must help to determine whether the Hospital should consider a bond to finance major hospital renovation. You prepare a position on this critical financial determination for an upcoming Board meeting where all sides will be discussed. In Week 6, think through each of the issues associated with the bond issue; include how it will support the facilities’ financial drivers and what those drivers might be.
1. Write an essay answering each of the questions above in a well written, APA paper.
2. Be sure to do research in order to fully explain the concepts you choose to discuss. Your submission should be of graduate quality and fully referenced (a minimum of 3 peer-reviewed references).
3. Your paper should be 3 pages in length.