Financial Resource Management in Healthcare

A. Create a report (suggested length 5–8 pages) that includes the following:

  1. Propose three fiscally sustainable strategies for Seamus Company from the perspective of a CFO, moving away from a fee-for-service model to a MCO model.
    Bundled Services
    Shared Savings
    Pay for Performance

a. Recommend a plan to carry out each of the three sustainable strategies from part A1 by including the following:
• cost-saving measures
• tax deductible considerations
• other tax advantages
• fiscal management improvements
b. Discuss two financial management principles of Seamus Company that would support your recommended plan from part A1a.
c. Discuss how the strategies from part A1 align to Seamus Company’s goals of reducing the costs of the company’s health insurance plans.

  1. Choose one of the strategies from part A1 to analyze the use of increased service benefits for Seamus Company by doing the following:
    a. Discuss the healthcare utilization risk strategy that Seamus Company may face.
    b. Describe three financial benefits to Seamus Company with the implementation of increased service benefits.
    c. Describe three potential financial drawbacks to Seamus Company with the implementation of increased service benefits.
    d. Explain how an employee’s increased usage of these service benefits can be beneficial to Seamus Company.
  2. Analyze external healthcare partnerships and their financial benefits by doing the following:
    a. Discuss two financial benefits from external healthcare partnerships.
    b. Discuss two financial drawbacks from external healthcare partnerships.
    c. Determine whether an external healthcare partnership would be beneficial for Seamus Company.
    i. Justify your determination of whether an external healthcare partnership would be beneficial for Seamus Company.

Sample Solution

ACED ESSAYS