DescriptionThe government is one of the largest purchasers of health care services and because of this, they seek out opportunities to contain costs. Recent health care policy has focused on managing costs while offering quality care and improving access to care. The Centers for Medicare and Medicaid Services (CMS) Innovation Center develops payment and service delivery models with this in mind.
Scenario
Mr. Magone, CEO of Healing Hands Hospital, has asked you to join the Future of Healing Hands Task Force. Your first assignment is to work with the hospital's Chief Financial Officer (CFO), Ms. Johnson, and provide a summary of how the new CMS initiatives might impact the organization’s revenue structure. More information on the innovation models can be found on the CMS Web site.
- Describe an Accountable Care Organization (ACO) and the benefits of an ACO.
- Describe an episode-based payment initiative and the benefits of this initiative to Healing Hands Hospital.
Use this template to complete your assignment.
Reference
Centers for Medicare and Medicaid Services. (n.d.). Innovation models. https://www.cms.gov/priorities/innovation/models#views=models
SHORTENED VERSION OF TITLE 1
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PLEASE REMOVE GREEN AREAS ONCE YOU COMPLETE EACH SECTION. REMEMBER TO USE VIRTUAL CAMPUS RESOURCES, IE THE WEBSITES PROVIDED IN THE WEEKLY COURSE BOOKS AND RESOURCES, TO COMPLETE THIS ASSIGNMENT. A GUIDE TO REFERENCES IS ON THE LAST PAGE.
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Student’s Name
Colorado Technical University
Course Information
Instructor’s Name
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This is your introductory paragraph. Your information here should be in paragraph form, double-spaced. The introduction has five important responsibilities: get the audience’s attention, introduce the topic, explain its relevance to the audience, state a purpose, and outline the main points of the paper. Remember that this assignment is to be written from the perspective of yourself as a manager and the CFO, and to be presented to the CEO, Mr. Magone. This section should be 5-7 sentences of professional language.
Start writing here: The purpose of this paper is to . . .
Accountable Care Organizations
Here you will define and identify what an Accountable Care Organization (ACO) is and the benefits of an ACO. This needs to be in paragraph form with definitions and explanations in your own words. In this section it is recommended to write one to two paragraphs, each with 5-7 sentences.
Start writing here: An Accountable Care Organization (ACO) can be defined as . . .
Episode-Based Payment
Here you will provide an explanation of an episode-based payment initiative and the benefits of this initiative to Healing Hands Hospital. Provide scenario-related examples that address how the new CMS initiatives might impact the organization's revenue structure. In this section it is recommended to write one to two paragraphs, each with 5-7 sentences.
Start writing here: An example of an episode-based payment initiative and the benefits of this initiative to Healing Hands Hospital could include. . .
Conclusion
In a general way,
· Restate your topic and why it is important,
· Restate your thesis/claim,
· Address opposing viewpoints and explain why readers should align with your position,
· Call for action or overview future research possibilities.
This section should be 5-7 sentences.
Start writing here: In conclusion, this paper has discussed . . .
**References are required! Please see below for guidance on documenting references.
References
Author, B., & Authors, M. E. (2020, Fall). Article title from the journal in sentence case. Journal Name in Title Case, 43(2), 18-22. https://doi.org/10:109.0932.9385.09
Lastname, F. (2020). Book title: Subtitle in sentence case. Publisher Name.
Newspaper article title without an author. (2020, July 15). Newspaper Title in Title Case, A12. https://www.websiteaddress.com/where/you_found_the_article
Organization Author of Report or Website. (2020). Title of report in title case (Report No. 123). Title of the Website. https://www.websiteaddress.com/where/you_found_the_report