Fiscal Planning and Management Presentation

For this assignment, you will create a narrated PowerPoint presentation designed to train others on the role of healthcare administrations in fiscal planning and fiscal management. This is your opportunity to demonstrate what you have learned about what fiscal planning and management can and should look like for healthcare administrators.

Instructions

As a regional healthcare administrator for a long-term care organization, you have been asked to train a new group of healthcare administrators who just completed their degrees. They have no work experience in healthcare administration or financial management. For this assignment, you will develop a 10–12 slide narrated PowerPoint presentation explaining the role of healthcare administrators in fiscal planning and financial management.

Your presentation should address each of the following:

• Explain how fiscal planning ties into the strategic planning. Be sure to provide at least two concrete examples. In this context, fiscal planning may be considered strategic financing.
• Describe the role (direct or indirect) that healthcare administrators play in budgeting. Specifically address the role administrators play in the construction and implementation of operating and capital budgets.
• Assess how fiscal planning and financial management help ensure that provider organizations remain compliant with federal, state, and local regulations. Conversely, you should assess how those regulations impact fiscal planning and healthcare financial management.
• Review the 4 Cs of healthcare finance: cost, capital, control, and cash by writing a brief definition of each and explain, with rationale, the impact of the 4 Cs on the success of health service organizations.
• Propose the application of Lean Six Sigma concepts as a tool for in strengthening the revenue cycle of provider organizations.

Your presentation should meet the following formatting requirements:

• Be 10–12 slides in length.
• Include narrated content to match the presentation.
• Include a cover slide and references slide (or slides). (These slides are not part of the 10–12 slide requirement.)
• Include 3–5 quality references, one of which should be your course textbook.

Use Basic Search: Strayer University Library to find and include 3–5 quality references, one of which should be your course text.

This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.

Answer preview

• Healthcare administrators interact with different health professionals.
• They do while directing the different operations in a healthcare organization
• They work behind the scene and make large-scale decisions for the entire healthcare institution or facility.
• However, healthcare administrators must have in-depth knowledge of patient care regulatory frameworks.
• Some of the responsibilities of healthcare administrators include –

– Managing healthcare facility finances

-Managing patient billing

-Monitoring spending and budgets

-Making sure that the healthcare organization complies with the relevant regulations and laws.

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