Health Care Accounting

MHACB/598 Competency 2 Assessment and Rubric Course Title: Leveraging Results to Build Brand in the Health Sector.  Assessment Title: Health Care Accounting

Assignment Directions A good financial strategy can always be improved. Having knowledge of your organization’s finances provides the leverage to make decisions that affect the outlook and goals of the company. This assignment gives you an opportunity to examine company practices from a financial lens, which provides you with an insight into what drives financial decisions for a health care system.

Obtain a recent financial statement for your organization, detailing expenses and revenues. (This can be from within the last year. You may need to work with your supervisor to obtain a financial statement).

Note: If you cannot access a financial statement, discuss it with your faculty member.

Write a 1,225- to 1,575-word report on the major trends in your organization’s expenses and revenues. Include the following points:

• Analyze any trends in expenses and revenue that you see. Are they on target to meet budget goals? • How can your organization contain or reduce expenses without damaging services and quality of care? • Can your organization’s reimbursement strategy be improved to increase revenue? If so, what would it be, and how would it be

implemented? • How can your organization use its financial performance to build its brand?

Cite any references to support your assignment.

Submit your assignment.

Resources

• Center for Writing Excellence • Reference and Citation Generator • Grammar Assistance

MHACB/598 Competency 2 Rubric Page 2 of 2

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Competency Assessment Rubric

Assignment/Performance Criteria

Mastery 100%

Meets Expectations 85%

Not Met 0%

1. Trends in Expenses and Revenue

(weight 20%)

Thoroughly analyzed trends in expenses and revenue; clear and appropriate response included: whether they are on target to meet budget goals

Sufficiently analyzed trends in expenses and revenue; generally answered whether they are on target to meet budget goals

No analysis was provided; no answer to the assignment question was provided.

2. Expenses

(weight 25%)

Clear and comprehensive response provided: how the organization can contain or reduce expenses without damaging services and quality of care

Sufficient response provided: how the organization can contain or reduce expenses without damaging services and quality of care

No answer to the assignment question was provided.

3. Reimbursement Strategy

(weight 25%)

Clear and comprehensive response provided: how the organization’s reimbursement strategy can be improved to increase revenue; if so, provided a clear answer about what it would be and how it would be implemented

Sufficient response provided: how the organization’s reimbursement strategy can be improved to increase revenue; if so, included a somewhat clear answer about what it would be and how it would be implemented

No answer to the assignment question was provided.

4. Brand Build

(weight 25%)

Clear and comprehensive response provided: how the organization can use its financial performance to build its brand

Sufficient response provided: how the organization can use its financial performance to build its brand

No answer to the assignment question was provided.

5. Grammar and Writing Mechanics

(weight 5%)

Accuracy in grammar, sentence structures, sentence boundaries, and word choice enhanced content.

Rare inaccuracies/errors in grammar, sentence structures, sentence boundaries, and word choice did not detract from the content.

Occasional or frequent inaccuracies/errors in grammar, sentence structures, sentence boundaries, and word choice detracted from the content.