Effective communication with Finance is a vital aspect of the role of all nurse administrators. In this assignment you will interview a Director of Finance or CFO in a Health Care Organization. The interview may be with a finance leader in your organization or a health care organization of your choosing. Through interview learn the role and responsibility of the financial leader.
Points = 100
Financial Leader (Assessment)
Role and responsibility – through interview, learn the role and the responsibility of the financial leader from their perspective. Report what you have learned in the Executive Summary.
10 Points
Quality Ratings and Financial Impact (Assessment)
External sources. Determine how quality ratings and scores from an external source affect the organization’s bottom line. Based on information gained in the interview, identify the external quality measures linked to purchasing power, contractual reimbursement or penalties.
Include the opinion of the CFO or Director related to the cost:benefit of linking quality measures to financial outcomes.
20 Points
Measurement (Assessment)
Measuring to manage financial outcomes. Provide a specific “exemplar” obtained in your interview with the Financial leader of how a quality measure enhanced or reduced financial outcomes for the organization. Identify an auditing organization. Describe the measure. Define how an indicator was met, exceeded or missed and the effect on the bottom line of finance. Identify an auditing organization.
20 Points
Nurse Leader (Application)
Nursing Administration – Role and Responsibility. Operationally, as a leader and a manger of people – what does a Nurse Exec do to improve quality and control cost at the same time? Are expectations regarding quality shared with staff?
Give an “exemplar” of how you have observed a Nurse Executive provide expectations of staff that link to financial benefit to the organization? For instance: Were risks reduced? Was cost reduced? Was revenue enhanced? If you do not have an example – arrange a short interview with a nurse executive and inquire.
20 Points
Recommendation (Application) Improving Quality to Enhance Financial Outcomes. What would you do? Through reflective thought, provide an “exemplar” regarding an opportunity to improve financial status in your organization through improvement of quality measures. Identify a gap in quality in your organization, and a recommendation for improvement that could – either cost reduced or revenue enhanced.
20 Points
APA Format.
Include Title Page and Reference List. Content 500 – 1000 words. (Title page and Reference List not included in content count.) Minimum 2 references.
10 Points
