MSN6216 Unit 8 Discussion (dq1+dq2) Latest 2019 January

MSN6216 - Advanced Finance and Operations Management

Unit 8 Discussion

Financial Accounting

Discuss the role of the nurse leader in financial accounting and reporting processes in the organization.

How are audits planned and conducted in health care budgeting and finance?

What challenges do you anticipate in the audit process?

Ensure that your discussion post is adequate in length by following the requirements for postings found in the Faculty Expectations Message (FEM). In addition, be sure to cite at least one source from the assigned readings or other professional and scholarly literature, as applicable, to support your position, substantiate a claim, or when referring to the ideas or work of others.

Response Guidelines

Read as many posts as time allows. Respond to the required number of peers and use the word count stated in the FEM, preferably responding to posts that have had few or no responses. Your responses are expected to be substantive in nature. You are encouraged to ask questions, elaborate on a particular point, offer an alternative viewpoint, or add comments that extend or sustain the dialog. Remember to cite your sources, as applicable.

As you contemplate your response, consider the following questions:

Do you agree with your colleague’s perspective on a nurse leader’s role in financial accounting? Why or why not?

How does your colleague’s description of the auditing process compare with your own experience or knowledge of the process?

Can you offer any suggestions for addressing potential challenges or preparing for an audit?

Learning Components

This activity will help you achieve the following learning components:

Determine the time period for cost recovery.

Determine the depreciation value of the capital assets, equipment, services, or goods.

Apply the principles of effective composition.

Proofread and edit written communications.

DQ2 Reporting and Documentation

Your facility follows the Centers for Medicare and Medicaid Services (CMS) standards of care and partners with this agency for reimbursement, once its guidelines are documented as having been met. Your unit is within the window for its CMS survey (inspection), and as the nurse leader you are responsible for preparing your staff for the survey.

Consider your priorities. What key issues will you address as you prepare your staff?

Does your institution partner with CMS in meeting core measures?

Is the documentation related to meeting standards of care appropriate?

Ensure that your discussion post is adequate in length by following the requirements for postings found in the Faculty Expectations Message (FEM). In addition, be sure to cite at least one source from the assigned readings or other professional and scholarly literature, as applicable, to support your position, substantiate a claim, or when referring to the ideas or work of others.

Response Guidelines

Read as many posts as time allows. Respond to the required number of peers and use the word count stated in the FEM, preferably responding to posts that have had few or no responses. Your responses are expected to be substantive in nature. You are encouraged to ask questions, elaborate on a particular point, offer an alternative viewpoint, or add comments that extend or sustain the dialog. Remember to cite your sources, as applicable.

As you contemplate your response, consider:

The influence of core measures in your own practice environment.

The nurse leader’s accountability with regard to the survey process.

Learning Components

This activity will help you achieve the following learning components:

Define and describe financial goals.

Identify the sources of budgetary data and information.

Apply the principles of effective composition.

Proofread and edit written communications.