Determine what and how theories of economics and changes in legislation will impact healthcare organizations

Description

The healthcare industry is impacted by economic factors as heavily as any other industry; therefore, a microeconomic and macroeconomic perspective is important for healthcare management professionals to have. The key is to determine what and how theories of economics and changes in legislation will impact healthcare organizations. Your assessment for this course, a policy research and organizational analysis report, is divided into two parts. The first is an analysis of microeconomic and macroeconomic principles and their impact on healthcare markets, healthcare service, and organizations. The first part will require you to apply the knowledge you have gained throughout this course, as well as to research current economic environments and legislative changes to gauge the impact on the healthcare industry. The second part will require you to apply the results of your analysis from the first part to a U.S.-based healthcare organization of your choice, as you discuss the impact of economic theories and legislative changes on the specific organization. You will make a few general recommendations for your selected organization that will help them plan for and mitigate negative economic and fiscal impact. These assessments will allow you to examine the relationships between economics, legislative changes and policies, healthcare industries, and individual organizations, a skill that will benefit you as you participate in the management of healthcare departments, organizations, and projects. You will select an organization for your second assessment using the U.S. Securities and Exchange Commission’s Company Filings website to ensure that you will have access to the healthcare organization’s financial information. You will choose your organization in Milestone One for instructor approval. This assessment addresses the following course outcomes: Analyze how organizations utilize key microeconomic and macroeconomic principles to guide strategic planning and decision making in healthcare Differentiate between nonprofit and for-profit healthcare organizations in terms of monetary and fiscal policy Analyze healthcare financial statements through the application of demand theory and market behavior Determine the impact of key economic legislative changes on healthcare policy Analyze the relationship between economic policy and disparities in healthcare utilizing current res