PART ONE: Regardless of where your health care career takes you, finance is an important part of the health care system. Finance might not be your professional calling, though it is important you have a working knowledge of the terminology of finance and the stakeholders in the health care industry.
*****Complete the
Financial Terminology and Stakeholders Worksheet
by defining the provided terminology in your own words and describing various stakeholders in the health care payer system.
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PART TWO:As a health care manager, you must be able to analyze financial and economic issues in the health care industry. In this assignment, you will demonstrate problem-solving skills as you choose an issue and address the financial impact in your analysis.
Preparing for the Assignment:
Select 1 current financial or economic issue in the health care industry that you want to address.
Assignment Directions
Write a 700- to 1,050-word paper about the financial or economic issue you selected in which you:
Analyze the financial impact of this issue on the health care industry. Consider the following:
What are the economic trends of the health care payment system?
What are the supply and demand challenges for health care services?
Why are costs increasing in the health care system?
What regulatory issues are affecting, or will affect, the health care industry?
HCS/385 v6
Financial Terminology and Stakeholders
Worksheet
In the Terminology Table, explain each of the following terms provided in the Terms column in your own
words in the provided Explanation of Term column.
Support your explanation using your textbook or other references. Cite all references according to APA
guidelines and provide the reference in the APA Reference column. References are required to earn full
points for this assignment.
Note: This portion of the assignment is worth 45 points total: 2 points for each explanation and 1 point for
each reference.
Terminology Table
Item
Number
Term
Explanation of the Term
APA Reference
1
Time value of money
Enter your response.
Enter your response.
2
Efficient market
Enter your response.
Enter your response.
3
Primary versus
secondary market
Enter your response.
Enter your response.
4
Risk-return tradeoff
Enter your response.
Enter your response.
5
Agency (principal and
agent problems)
Enter your response.
Enter your response.
6
Market information and
security prices and
information asymmetry
Enter your response.
Enter your response.
7
Agile and lean principles
Enter your response.
Enter your response.
8
Return on investment
(ROI)
Enter your response.
Enter your response.
9
Cash flow and a source
of value
Enter your response.
Enter your response.
10
Project management
Enter your response.
Enter your response.
11
Outsourcing and
offshoring
Enter your response.
Enter your response.
12
Inventory turnover
Enter your response.
Enter your response.
13
Just-in-time inventory
(JIT)
Enter your response.
Enter your response.
14
Vendor managed
inventory (VMI)
Enter your response.
Enter your response.
Copyright 2021 by University of Phoenix. All rights reserved.
Financial Terminology and Stakeholders Worksheet
HCS/385 v6
Page 2 of 2
Item
Number
15
Term
Explanation of the Term
Forecasting and
demand management
Enter your response.
APA Reference
Enter your response.
Identify 5 stakeholders in the health care payer system and provide them in the Stakeholder column of
the Stakeholders in the Health Care Payer System Table.
Describe each stakeholder in the Description column using 1 or 2 sentences.
Note: This portion of the assignment is worth 5 points total (1 point for each stakeholder and its
description).
Stakeholders in the Health Care Payer System Table
Item
Number
Stakeholder
Description
1
Enter your response.
Enter your response.
2
Enter your response.
Enter your response.
3
Enter your response.
Enter your response.
4
Enter your response.
Enter your response.
5
Enter your response.
Enter your response.
Copyright 2021 by University of Phoenix. All rights reserved.