Question: Background: - The final paper/project challenges participants in the course to design a financial strategy for presentation to the Harris Memorial Hospital and Harris Community
Background: - The final paper/project challenges participants in the course to design a financial strategy for presentation to the Harris Memorial Hospital and Harris Community Foundation Board of Trustees addressing soft and hard components of Return-on-Investment (ROI). The project is to be worked on in phases throughout the term: (1) identify the components; (2) evaluate implications of soft returns; (3) justification for the expenditure, and (4) analyze the potential outcome. The topic for the research paper will be Electronic Health Records. The paper is set at 2,000 words, APA format (approximately 8 pages of content). Your outline for the paper/project will be due in Week 5 of our course. Ill grade that outline, and provide you with guidance on your final paper/project in my feedback. The completed term paper, to include an abstract, is due in the last week of the course (week 6) and is intended to take a broad look at return on investment (ROI) analysis used in healthcare organizations. Week 3 Assignment: This weeks assignment is the third component of our Return on Investment (ROI) project. The focus of this weeks short paper writing will be to consider the justification of the capital expenditure. Three key aspects should be considered: (1) Amount and type of expenditure (2) Attainment of key decision criteria (3) Detailed financial analysis. Using pro-forma data used in our second Wimba Class (A Cost Benefit Analysis- Bardon, C. G., Wang, S. J., Middleton, B., Prosser, L. A., Spurr, C. D., Carchidi, P. J., et al. (2003). The American Journal of Medicine , 114.) prepare a net present value analysis using a 5% hurdle rate, profitability index, for you capital project. Do not consider capital cost reimbursement from third-party payers in your calculation. Finally, consider in your writing how you would factor risk (technology change, Physician acceptance, competition from other HCOs, accuracy of market data and volume projections) associated with the capital project in your discount rate. Week 4 Assignment: This weeks assignment is the fourth short paper component of our Return on Investment (ROI) project. The focus of this weeks writing will be to consider the value and steps necessary in preparing a look back analysis or a post implementation audit on the particular project that a ROI for both hard and soft information that has been prepared. The purpose of the review is to determine if the information initially submitted was correct and the predicted outcomes occurred and what specific lessons can be learned to improve the analysis. Please see the attached two reference sources for examples of this process. Eight steps for a successful post-implementation audit. (2003, October 01). CIO, http://www.cio.com/article/29818/Eight_Steps_for_a_Successful_Post_Implementation_Audit Levinson, M. (2003, October 01). How to conduct post-implementation audits. CIO, http://www.cio.com/article/29817/How_to_Conduct_Post_Implementation_Audits Week 5 Assignment: This weeks assignment is the completion of the outline for the final paper on Return on Investment that will be submitted in week six. The information to be included are the merging of the four earlier assignments on ROI which include the topics of the introductory overview of ROI, justification for a soft ROI, justification of capital expenditure, and a look back analysis for a completed ROI. The outline should include a title page, the introduction, the body paragraphs, the conclusion, and references presented in APA format. (Check with the Drexel Library on main campus for help using APA format) what should an outline ,Phase 5 of the project look like
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