UT at Arlington Director of Finance in a Healthcare Organization Interview Paper 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.
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) Improve 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. 5340 3.2 Financial Outcomes & Quality Measures
5340 3.2 Financial Outcomes & Quality Measures
Criteria
This criterion is linked to a
Learning
OutcomeFinancial
Leadership
This criterion is linked to a
Learning OutcomeQuality
Ratings and Financial
Impact
This criterion is linked to a
Learning
OutcomeMeasurements
Ratings
10.0 to >6.0 pts
Proficient
Interview completed. Role and
responsibility of the financial
leader is clearly identified and
discussed encompassing all
aspects of the job. .
6.0 to >4.0 pts
Competent
Interview completed, however,
role and responsibility of the
financial leader is present but
fails to completely encompass
all aspects of the job.
4.0 to >0 pts
Novice
Interview not complet
and/or role and
responsibility of the
financial leader is mis
or inadequate.
20.0 to >13.0 pts
Proficient
Interview completed. External
quality measures linked to
purchasing power or
reimbursement are identified and
discussed. An the opinion of the
CFO/Director re: cost:benefit of
linking quality measures is
discussed.
13.0 to >7.0 pts
Competent
Interview completed. External
quality measures linked to
purchasing power or
reimbursement, the
CFO/Director opinion re: cost
benefit is discussed but could
be more articulate.
7.0 to >0 pts
Novice
Interview not completed
and/or external quality
measures linked to
purchasing power or
reimbursement and or th
opinion of Financeare
missing or inadequate.
20.0 to >13.0 pts
Proficient
Interview completed. An
auditing organization is
identified. Through
“exemplar” measures of
performance are discussed
related to purchasing power
or reimbursement.
13.0 to >7.0 pts
Competent
Interview completed. An
auditing organization is
identified. Through “exemplar”
measures of performance are
discussed related to purchasing
power or reimbursement are
not clearly articulated.
7.0 to >0 pts
Novice
Interview not completed an
an auditing organization is
is not identified. Measures
performance are discussed
related to purchasing powe
reimbursement are missing
inadequate.
5340 3.2 Financial Outcomes & Quality Measures
Criteria
This criterion is linked to a
Learning OutcomeRole of
Nurse Leader
Ratings
20.0 to >13.0 pts
Proficient
The role and responsibility of the
nurse leader in enhancing
purchasing power and
reimbursement is clearly
identified and discussed.
“Exemplar” required.
13.0 to >7.0 pts
Competent
The role and responsibility of
the nurse leader in enhancing
purchasing power and
reimbursement is present but
lacking in clarity.
7.0 to >0 pts
Novice
The role and responsibili
of the nurse leader in
enhancing purchasing po
and reimbursement is
missing or inadequate.
This criterion is linked to a
Learning
OutcomeRecommendations
This criterion is linked to a
Learning
OutcomeOrganization/APA
Total Points: 100.0
20.0 to >13.0 pts
Proficient
Gaps or opportunity to
improve financial outcomes in
purchasing power or
reimbursement are identified.
Quality improvement
recommendations are made to
enhance financial outcomes.
“Exemplar required”
13.0 to >7.0 pts
Competent
Gaps or opportunity to
improve financial outcomes in
purchasing power or
reimbursement are minimally
identified. Quality
improvement
recommendations to enhance
financial outcomes are present
but lacking in do’ablity.
10.0 to >6.0 pts
Proficient
Met required elements of
organization/APA re: Title
Page, Formatting, Spelling,
Punctuation, Syntax,
Grammar and Word Count,
and References.
6.0 to >4.0 pts
Competent
Some errors in
organization/APA re: Title
Page, Formatting, Spelling,
Punctuation, Syntax,
Grammar and Word Count,
and References.
7.0 to >0 pts
Novice
Gaps or opportunity to
improve financial outcome
purchasing power or
reimbursement are missing
inadequate. Quality
improvement
recommendations to enhan
financial outcomes are mis
or inadequate.
4.0 to >0 pts
Novice
Multiple error. Missing or
inadequate crucial elements
organization/APA re: Title P
Formatting, Spelling,
Punctuation, Syntax, Gramm
and Word Count, and
References.
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