Week 5—Assignment 1: Prepare an Executive-Level Report for Your Hospital Board
Instructions For this week’s assignment, you will prepare a report for your hospital board members. The report is part of your annual organizational update to the board. As part of this report, you will inform the board of the results of an environmental scan of your competition which revealed an increasing number of out-patient and urgent care facilities within your hospital’s service area. You will recommend to the board, given the nature of reimbursements and its impact on revenue streams, that now is the time to consider diversifying your hospital’s venues to compete with the out-patient market by seeking an alternative to the strictly hospital-based out-patient services being provided. You will provide a rationale on how the out-patient reimbursement model for value-based care would benefit the hospital’s revenue base, patient satisfaction, and operational efficiency.
Your report to the board will include:
An introduction that gives an overview of the current reimbursement structures for your hospital, particularly the Medicare reimbursement structure, bundled payments, fee-for-service, and the move from volume-based to value-based payments. The next section will inform the board of the findings from the environment scan and local competition. The last section will be your recommendations to the board to change how your hospital delivers out-patient services. At the end of this section, you will provide a rationale on how the out-patient reimbursement model for value-based care would benefit the hospital’s revenue base, patient satisfaction, and operational efficiency.
The template below is created in Word using tables. A title page is not required for this assignment; however, your references are required at the end of the report in APA format.
Table 5. Report To the Board
9/3/2019
2/3
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REPORT TO THE BOARD
TO: Board Leader, Board Chair <Fictional Name>
FROM: <REPLACE your name here>, Chief Executive Officer
DATE: <REPLACE Month Day, Year>
SUBJECT: Annual Operational Update
<REPLACE your narrative here—see instructions>
<REPLACE your APA references here>
Length: This assignment consists of the report to the board using the template provided, and while the length may vary, a minimum of 3 pages is required. No title page is required.
References: A minimum of 5 scholarly references is required for this assignment and are to be included at the end of the report. A separate reference page is not required.
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