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Medical Businesses: Hospitals, Equipment Sales, Home Care Service

Instructions:

Insight Paper: Medical Businesses (100 pts.)
This assignment requires a full 4 page research report reflecting critical thinking and an analysis of the research findings. Reports must be supported with 3 scholarly creditable outside resources and is to be formatted throughout in accord with APA requirements. In summary required is the Title Page, the Main Body, and a Citations page. Papers are to be posted by Saturday 11:59 pm. in the Assignment folder titled Medical Businesses. Be sure to reference the student learning outcomes and competency identified in the weekly overview, in the syllabus and in the rubric as grading is strictly adhered to the identified competencies
Topic: Research and identify four types of medical businesses. Differentiate the types of business with reference to sources of revenue, profit sharing, tax obligations, etc. Discuss the type of business in which you are currently employed and does it fit the description included from your research.
Rubric
Medical Businesses Rubric- Week 1
Medical Businesses Rubric- Week 1
Criteria Ratings Pts
Competency 1: • Define the types of medical businesses
Exemplary- Demonstrates an advanced understanding of the primary thesis of the paper that sparks the interest of the reader and clearly identifies competencies/ outcomes to be achieved
20 pts
Mastery- Demonstrates an accomplished understanding of the primary thesis of the paper that sparks the interest of the reader and identifies competencies/ outcomes to be achieved
18 pts
Proficient- Demonstrates an acceptable understanding of the primary thesis of the paper however competencies/ outcomes to be achieved are not clearly defined
16 pts
Emerging- Demonstrates an inadequate understanding of the primary thesis of the paper and does not identify the competencies/ outcomes to be achieved
14 pts
Does Not Meet Expectation- The paper does not reflect an understanding of the primary thesis of the paper and does not identify the competencies/ outcomes to be achieved
0 pts
20 pts
Competency 2: • Define the role of 3rd party payers in healthcare finance
Exemplary- Demonstrates an advanced understanding of the primary thesis of the paper that sparks the interest of the reader and clearly identifies competencies/ outcomes to be achieved
20 pts
Mastery- Demonstrates an accomplished understanding of the primary thesis of the paper that sparks the interest of the reader and identifies competencies/ outcomes to be achieved
18 pts
Proficient- Demonstrates an acceptable understanding of the primary thesis of the paper however competencies/ outcomes to be achieved are not clearly defined
16 pts
Emerging- Demonstrates an inadequate understanding of the primary thesis of the paper and does not identify the competencies/ outcomes to be achieved
14 pts
Does Not Meet Expectation- The paper does not reflect an understanding of the primary thesis of the paper and does not identify the competencies/ outcomes to be achieved
0 pts
20 pts
Critical Thinking/ Analytical Skills
Exemplary- Presents an insightful and thorough analysis of all issues identified; consistently demonstrates the use of critical thinking/ analytical skills
20 pts
Mastery- Presents a thorough analysis of most of the issues identified; demonstrates the use of critical thinking/analytical skills
18 pts
Proficient- Presents a superficial analysis of some of the issues identified; minimal demonstration of the use of critical thinking/ analytical skills
16 pts
Emerging- Presents an incomplete analysis of the issues identified; demonstrates little or no use of critical thinking/analysis skill
14 pts
Does Not Meet Expectation-Does not present any critical thinking/ analysis
0 pts
20 pts
Utilization of Research
Exemplary- Supplements paper with relevant and extensive research into the body of the paper
20 pts
Mastery- Supplements paper with relevant research into the body of the paper
18 pts
Proficient- Supplements paper with limited research into the body of the paper
16 pts
Emerging- Minimally supplements paper with research into the body of the paper
14 pts
Does Not Meet Expectation- Does not include relevant research into the body of the paper
0 pts
20 pts
Quality and Organization of the writing
Exemplary- The paper is extremely well organized, makes excellent transitions from point to point, no spelling or grammatical errors and all references correctly cited Paper follows APA format
20 pts
Mastery- The paper is generally well organized with relatively smooth transitions from point to point; rare number of spelling and/or grammatical errors or references not cited. Paper follows APA format correctly cited
18 pts
Proficient- The paper is organized with somewhat smooth transitions from point to point; under3 spelling and/or grammatical errors or references not cited properly. Paper mostly follows APA format.
16 pts
Emerging- The paper is minimally well organized with minimally acceptable transitions from point to point; several spelling and/or grammatical errors or references not correctly indicated. Minimally follows APA format.
14 pts
Does Not Meet Expectation-
0 pts
20 pts
Total Points: 100

Content:

Most people think of hospitals in terms of patient care, dedication to altruistic aims and compassion yet they are businesses like any other concerned with revenues, tax obligations, and profit sharing. The flow of money affects the delivery of patient care and the general health of the hospital itself. Behind the scenes are hospital administrators that work quietly to ensure the hospital’s welfare and financial security. The inflow of revenue ascertains the hospitals wellbeing with the major source being insurance billings for patient care services. Other hospitals particularly university and educational foundation facilities, receive state, private and private grant funding. Profit sharing strategies are different depending on the nature of the hospital, for example, investor-owned hospitals share profits according to the investments made by the investors (Singh PhD, Wheeler PhD, and Roden MBA, FACHE 2012). However, this is not the case with government-owned hospitals. When it comes to tax, hospitals, and other medical service facilities are majorly service enterprises for purposes of tax and are mostly considered consumers and not retailers of tangible personal property. Being consumers, they will pay tax to their suppliers or directly use tax to buy property, other than buying medicines.

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Medical Businesses

Medical Businesses: Hospitals, Equipment Sales, Home Care Service

Instructions:

Content:

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