Financial reporting is critical to the success of any organization because this is how managers and other stakeholders evaluate the sustainability and profitability of an organization. The healthcare industry accounts for nearly 20% of the US GDP as of 2018 (BEA, 2019). While there is guidance for financial reporting to the respective government agencies, there is no consistency in the development of financial reports among private healthcare organizations.
Discuss the importance of consistent financial reports across all healthcare organizations. Support your statements with research
2 pages of writeup or 500 words
APA 7 th edition reference style with recent references within the last 5 years
You are the Associate Vice President for Education and Training for OtroRaza Health, the academic medical center and health system associated with Enormous State School of Medicine (ESSM). The vice president of medical affairs comes to you concerned about the viability of the school’s residency programs. Several of ESSM’s residency site stakeholders are seeking clarification regarding new reimbursement models used by the system.
Prepare a 5 pages white paper –
In your response, include the following:
-Description of each model, such as capitated payments, fee-for-service, including new and emerging models being introduced to the industry, such as value-based, MACRA, and others.
-Compare and contrast the traditional and new models and explain the motivation / reasons for the emerging models.
-Describe what impact (if any) you perceive there would be on the cost, quality and access to patient care.
Support your research with peer-reviewed sources and/or market data. It is highly recommended to use professional charts / graphs to reinforce written content. Ensure that your content and information is professional and can be followed by an executive audience.
Several examples of white paper formats can be viewed at:
A free downloadable sample white paper can be found at:
Note: your product does not need to be this robust, but should follow the same basic framework.
5 PAGES OF WRITE UP
5 REFERENCES WITHIN 5 YEARS
APA 7TH ED STYLE
INCLUDE PROFESSIONAL CHARTS/GRAPHS