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fundamentals of corporate finance 11th

Health Care Finance Economics And Policy For Nurses A Foundational Guide 1st Edition Betty Rambur - Solutions

Develop a learning agenda for enhancing personal political influence
Explore the unique contribution of nurses in policy formation
Detail points of influence in policy formation
Describe the policy process
Describe basic elements of organizational financial statements
Determine board types of greatest personal interest and develop a plan toward board appointment
Describe board selection processes
Identify personal skills and growth edges for board membership
Describe the impact of the Sarbanes–Oxley Act on health care organizations
Illustrate common management structures
Detail the differences between governance and management
Describe the role, responsibilities, and differences among categories of oversight boards
Consider the impact of ethical decision making models on health care?
Discuss an ethic of caring?
Describe Rawls’s theory of justice?
Compare and contrast utilitarianism, deontology, and virtue ethics?
Detail the relationship between health care ethics and health care economics?
Consider the relationship between individually focused ethical perspectives and population-based perspectives
Describe classic principles of health care ethics
Consider the impact of antitrust law on health care and the role of the nurse
Describe basic elements of antitrust law
Explain the rationale for Certificate of Need (CON) legislation
Consider new and emerging roles for RNs in a data-rich world
Discuss emerging health care trends such as evaluation science, health information exchanges, price transparency, and “big data”
Describe the role of information in economic decision making
Discuss the concept of demand in health care, including supply-induced demand
Explain key related strategies such as cost sharing
Contrast the implications of “the buyers bear the consequences of their decisions” between classic free markets and health care markets and decision making
Discuss essential nursing knowledge in the reformed health system
Illustrate essential dimensions of emerging payment models along a range from more, such as fee-forservice, to the other end of the continuum, global capitation
Describe the limitation of fee-for-service reimbursement for health care services
Describe the financing approach of the Affordable Care Act (ACA)
Discuss early payment reform models such as prospective payment and health maintenance organizations
Detail the historic context that gave rise to contemporary health care financing mechanisms and the biomedical orientation to care
Identify insurance-related elements of the Affordable Care Act (ACA)
Illustrate elements related to payment of health care services, such as third-party payers and commercial insurance
Describe how health care is paid for in the United States
Define health economics and differentiate it from related concepts such as health financing and reimbursement
An effective mentor–mentee relationship requires A. Collaboration B. Independence C. Both A and B D. Neither A nor B
Ways to influence policymakers include A. Phone calls to the policymaker’s office or staff B. E-mails to the policymaker’s office or staff C. Both A and B D. Neither A nor B
Lobbyists A. Have the moral responsibility to present their personal view on an issue B. Do not need to be registered in the state C. Both A and B D. Neither A nor B
One strategy to support political campaigns is A. Fund-raising for worthy candidates B. Working on get-out-the-vote efforts C. Both A and B D. Neither A nor B
Personality clashes, jealousy, and unwillingness to learn can mar the mentor–mentee relationship. TRUE OR FALSE
Political action is inconsistent with the roles and responsibilities of the professional nurse. TRUE OR FALSE
Bill drafts are vetted by the full Senate or House of Representatives before being reviewed by the appropriate committee. TRUE OR FALSE
Ethical guidelines may prohibit lobbyists from giving gifts to policymakers. TRUE OR FALSE
Political action committees have been deemed illegal in the United States since 1992. TRUE OR FALSE
A foundational strategy to influence policy is to vote. TRUE OR FALSE
Once introduced into the legislature, a bill draft rarely changes. TRUE OR FALSE
Unusual alliances among groups to advocate on behalf of a particular bill or issue usually is looked on with suspicion by policymakers and should therefore be avoided. TRUE OR FALSE
Grassroots lobbying can only be done by registered lobbyists. TRUE OR FALSE
All advocacy is lobbying. TRUE OR FALSE
Consider exemplary political role models. What skills do you share with them? What are your growth edges?
Create a presentation for your peers that details the political process in your state. Include tangible suggestions for how to become involved.
Define the following key terms:Advocate Call to action Crossover Direct lobbying Get-out-the-vote efforts Grassroots lobbying How a bill becomes a law Lobbyist Political action committee Talking
How would you advise nurses who are interested in creating a political learning agenda for themselves?What sources of information and connection can you advise them to explore? What else would you
What bills of interest to nurses are under consideration in the current or last state legislative session in your state?
What qualities make an individual an effective ambassador for a cause? How can essential skills be practiced?
What constitutes appropriate professional attire?A. May vary depending on the audience, venue, or group B. May be discerned with the help of a trusted mentor C. Both A and B D. Neither A nor B
The type of board that is most likely to be responsible for enforcement of a statute is a:A. Governing board B. Regulatory board C. Advisory board D. All of the above
Which is a type of board in which members are typically appointed by a political entity such as the state governor?A. Governing board B. Regulatory board C. Advisory board D. All of the above
Regulatory boards A. Represent the interests of shareholders B. Hold fiduciary responsibility C. Both A and B D. Neither A nor B
Different types of boards appoint new members using different approaches. These include A. Election B. Appointment C. Both A and B D. Neither A nor B
An organization’s deemed credit worthiness is identified by its bond rating. TRUE OR FALSE
The term bond covenant refers to rules that are part of an organization’s borrowing agreement. TRUE OR FALSE
The financial term debt-to-cap ratio is synonymous with the term days cash on hand. TRUE OR FALSE
Charity care differs from bad debt in that care that will be charity is known by the institution at the time of admission, whereas bad debt will not be known by the institution until the individual
Similar to a chief executive officer, the executive director is hired by and reports to the board. TRUE OR FALSE
Another term for statute is law. TRUE OR FALSE
Another term for statute is administrative rule. TRUE OR FALSE
Typically, a quorum of board members is needed for board action items that require a vote. TRUE OR FALSE
One strength of a self-perpetuating board is the capacity to easily expand board membership to underrepresented groups. TRUE OR FALSE
In self-perpetuating boards, existing board members identify potential new members. TRUE OR FALSE
Most hospital board meetings include a session for the public. Attend and report back to peers on what you observed. What financial terms did you understand? Which ones were confusing to you?
Obtain the bylaws of your college or university or local hospital (try the institution’s website). What do they say about a quorum? What other rules are identified?
Does your nursing program have an advisory board? Are there students on it? Or is there a student advisory board, in which students provide insight to the dean? If so, who are these students, and how
Attend an open meeting of the state board of nursing or other state regulatory board.
Role-play a governing board meeting. Assign peers and yourself to different governing board roles and hold a mock board meeting. Be sure to have the chair prepare the agenda in advance and have
Define the following key terms:Action item Action meeting Administrative rules Appointed board Appropriate professional attire CEO’s report Chair’s report Constituency board Convening chair
What is appropriate professional attire for participation in a hospital board meeting?
What strengths would you bring to a governing board? Regulatory board? Advisory board?
How do board member roles vary on different kinds of boards? Why are there these differences?
A governing board A. Typically sets the compensation level for the chief executive officer of an organization B. Is responsible for the hiring and, when necessary, firing of the chief executive
Board committees A. Typically have charters to define the role of the committee B. May include focus areas such as quality and finance C. Both A and B D. Neither A nor B
The Sarbanes–Oxley Act A. Is an extension of Sherman antitrust legislation B. Dramatically changed the role of governing board quality committees C. Both A and B D. Neither A nor B
Ex officio board members A. Are board members by virtue of holding a particular job role or title B. Are always voting members of the board C. Both A and B D. Neither A nor B
Critical access hospitals A. Must provide 24-hour emergency care 7 days a week B. Are reimbursed differently than hospitals that are not designated critical access hospitals C. Both A and B D.
All health care organizations are governed by the same board structure. TRUE OR FALSE
Advisory boards hold fiduciary responsibility. TRUE OR FALSE
The chief operating officer typically reports directly to the board. TRUE OR FALSE
Ad hoc board committees are ongoing, permanent board structures. TRUE OR FALSE
The term span of control refers to the number of services, people, or functions a leader is responsible for. TRUE OR FALSE
In addition to hospital care, the mission of academic medical centers includes university-based teaching and research-oriented colleges of medicine. TRUE OR FALSE
Nonprofit organizations are termed nonprofit because they return financial profits to stockholders. TRUE OR FALSE
Directors and Operators liability insurance offers financial protection to board members who are named in a lawsuit as a result of their board activities. TRUE OR FALSE
Governance and management are different terms for the same set of responsibilities. TRUE OR FALSE
Most hospital governing boards include equal numbers of physicians and nurses. TRUE OR FALSE
Develop a presentation to share with your peers that describes the various types of hospitals in the United States. What are the strengths and limitations of each type in terms of mission? Employment?
Define the following key terms:Academic medical center Ad hoc committees Advisory board or committee Budget surplus Charter Community benefit Community hospital Critical access hospital Directors and
What organizational structure do you see as most optimal for nursing practice and why?

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