NUR 621 Principles of Health Care Financial Management Syllabus

Grand Canyon University NUR 621 Principles of Health Care Financial Management Syllabus – Step-By-Step Guide

This guide will demonstrate how to complete the Grand Canyon University NUR 621 Principles of Health Care Financial Management Syllabus   assignment based on general principles of academic writing. Here, we will show you the A, B, Cs of completing an academic paper, irrespective of the instructions. After guiding you through what to do, the guide will leave one or two sample essays at the end to highlight the various sections discussed below.

How to Research and Prepare for NUR 621 Principles of Health Care Financial Management Syllabus      

Whether one passes or fails an academic assignment such as the Grand Canyon University NUR 550 Benchmark – Evidence-Based Practice Project: Literature Review depends on the preparation done beforehand. The first thing to do once you receive an assignment is to quickly skim through the requirements. Once that is done, start going through the instructions one by one to clearly understand what the instructor wants. The most important thing here is to understand the required format—whether it is APA, MLA, Chicago, etc.

After understanding the requirements of the paper, the next phase is to gather relevant materials. The first place to start the research process is the weekly resources. Go through the resources provided in the instructions to determine which ones fit the assignment. After reviewing the provided resources, use the university library to search for additional resources. After gathering sufficient and necessary resources, you are now ready to start drafting your paper.

How to Write the Introduction for NUR 621 Principles of Health Care Financial Management Syllabus      

The introduction for the Grand Canyon University NUR 621 Principles of Health Care Financial Management Syllabus   is where you tell the instructor what your paper will encompass. In three to four statements, highlight the important points that will form the basis of your paper. Here, you can include statistics to show the importance of the topic you will be discussing. At the end of the introduction, write a clear purpose statement outlining what exactly will be contained in the paper. This statement will start with “The purpose of this paper…” and then proceed to outline the various sections of the instructions.

How to Write the Body for NUR 621 Principles of Health Care Financial Management Syllabus      

After the introduction, move into the main part of the NUR 621 Principles of Health Care Financial Management Syllabus  assignment, which is the body. Given that the paper you will be writing is not experimental, the way you organize the headings and subheadings of your paper is critically important. In some cases, you might have to use more subheadings to properly organize the assignment. The organization will depend on the rubric provided. Carefully examine the rubric, as it will contain all the detailed requirements of the assignment. Sometimes, the rubric will have information that the normal instructions lack.

Another important factor to consider at this point is how to do citations. In-text citations are fundamental as they support the arguments and points you make in the paper. At this point, the resources gathered at the beginning will come in handy. Integrating the ideas of the authors with your own will ensure that you produce a comprehensive paper. Also, follow the given citation format. In most cases, APA 7 is the preferred format for nursing assignments.

How to Write the Conclusion for NUR 621 Principles of Health Care Financial Management Syllabus      

After completing the main sections, write the conclusion of your paper. The conclusion is a summary of the main points you made in your paper. However, you need to rewrite the points and not simply copy and paste them. By restating the points from each subheading, you will provide a nuanced overview of the assignment to the reader.

How to Format the References List for NUR 621 Principles of Health Care Financial Management Syllabus      

The very last part of your paper involves listing the sources used in your paper. These sources should be listed in alphabetical order and double-spaced. Additionally, use a hanging indent for each source that appears in this list. Lastly, only the sources cited within the body of the paper should appear here.

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Sample Answer For NUR 621 Principles of Health Care Financial Management Syllabus

In the course, students will study healthcare financial management principles and the relevance of fiscal responsibility within healthcare facilities. Also, it will explore financial requirements and economic drivers that impact firms, such as financial demands and implications of particular management of operational expenses, efficient staffing, and healthcare delivery models. Students will also examine the challenges of aligning critical financial performance indicators with quality and safety measures as needed in the evolving healthcare field.

Students must have completed NUR-590.

Topic 1: Foundations of Health Economics

Class Introduction

Students will acquaint themselves with peers on the course. Also, they will explain parts of the course they deem exciting and challenging.

Topic 1 DQ 1

The paper will identify the health policy that students deem to have the most impact on healthcare in the United States. It will also explain the student’s rationale.

Topic 1 DQ 2

The assessment will describe healthcare regulation, related costs, and who is impacted.

Economics and Quality

The paper will cover healthcare issues that the US faces based on quality and economics. Students will further select a topic from missed care, healthcare disparities, obesity, chronic disease, and suicide rates and write a 1250-1500 paper.

Topic 2: Introduction to Budgeting

Topic 2 DQ 1

The paper will discuss the information a nurse leader would need before approving a capital purchase.

Topic 2 DQ 2

In this assignment, students will Watch the “Welcome to MSN-Leadership in Healthcare Systems” video and identify questions about the program, what they are looking forward to, and why they chose MSN leadership.

Operational Budget Presentation

The assessment will explore student’s understanding of budgeting terminology and principles. Students will prepare an 8-10 slide presentation that addresses cost concepts, revenue concepts, break even analysis, and the difference between capital and operational budgets.

Topic 3: Budgeting and Staffing

Topic 3 DQ 1

The paper will discuss nurse leaders’ roles when developing a budget. It should also explain the most relevant role according to the student.

Topic 3 DQ 2

The assignment will describe the difference between direct work hours, replacement FTEs, and budgeted FTEs.

Benchmark – Staffing Matrix

The assignment will help prepare students to make budgeting decisions while following compliance guidelines and financial management principles. The students will complete a staffing matrix and then write an essay of 750-1000 words addressing various financial aspects in the healthcare field.

Topic 4: Budget Variances

Topic 4 DQ 1

The assessment will describe the different types of budget variances and their examples.

Topic 4 DQ 2

The student should assume they have exceeded the budget for nurses in their unit. Further, the paper should identify tactics they would use to lower agency usage. Lastly, they will analyze how the unplanned coverage later affects the overall budget.

Topic 5: Reimbursement

Topic 5 DQ 1

The assignment will discuss the effects of changing from a retrospective cost reimbursement system to a prospective payment system on health care reimbursement. It will also explain the effect of value-based care.

Topic 5 DQ 2

Students will refer to their readings and explain how they would dispute the statement “nursing units are not revenue generators.”

Healthcare Reimbursement Training

The assignment will discuss how various insurance providers reimburse healthcare facilities for services. The student will assume they are a nursing administrator at a community center providing training for unit directors. They will then create a 12-14 slide addressing various issues.

Topic 6: Strategic Management

Topic 6 DQ 1

The paper will discuss how healthcare organizations‘ goals, values, vision, and mission are developed. It will also show how leadership, departments, and employees support the mission and vision as a foundation for directional strategies.

Topic 6 DQ 2

The assessment will describe the procedures of external and internal environmental analysis. It will also explain what would result if the aforementioned strategic planning steps were completed incorrectly or omitted.

Balanced Scorecard

The assignment will require students to select a healthcare facility they are familiar with and write a 1000-1250-word essay detailing the different uses of a balanced scorecard.

Some topics to be covered in the essay include an explanation of the relevance of a balanced scorecard, a discussion of indicators to be chosen for the balanced scorecard, and a description of tools used to analyze and display data. Finally, it should discuss how the balanced scorecard can improve quality.

Topic 7: Financial Strategies

Topic 7 DQ 1

Students will review a recommendation by AHA (2014) that asserts there are 10 “must-do” financial strategies to succeed in a value-based healthcare environment. Then, they will choose five strategies and discuss how they could implement a change in their current surroundings.

Topic 7 DQ 2

The assessment will involve discussing the budget process of the student’s work. It will also determine if it’s effective, if there are positive points, areas of improvement, and how the process can be improved.

Business Plan for Change/Process/Item

The assignment will require students to prepare a business plan for a piece of equipment required in their workplace, a change, or a new process. The business plan should also have approximately 4 references and follow APA writing guidelines.

Topic 8: Financial Analysis

Topic 8 DQ 1

The paper should describe the difference between nonprofit and for-profit entities. It should also explain if students believe the variances impact the firm’s goals, values, vision, and mission.

Topic 8 DQ 2

The assignment should discuss the four main ratio categories and how they impact the firm’s financial performance. It should also provide examples.

Balance Sheet

The assessment will help students understand how to fill a balance sheet. It will also communicate the annual finances for the student’s workplace. It will be 12-15 slides of a presentation covering assets, liabilities, stockholder’s equity, revenue, expenses, and cash flow.

Students should be keen to cite all their references using APA guidelines and access the assignment rubric to ensure they follow all provided instructions.

Field Experience Site Information Form

In this assignment, students will need to complete the “Field Experience Site Information Form”.