Costs, Profits, and Efficiency Discussion – WEEK 7
PLEASE READ DIRECTIONS CAREFULLY!! Also, please do not let the attached documents overwhelm you. They are only 1)The directions and 2) Pages from one of the resources listed on the directions page. NOTE: Please use APA 7th ed. for referencing and in-text citations please!! (NO .com references! Only scholarly and peer-reviewed!!!) If you do not have a completed reference (where you retrieved it from if no doi…..), I will cancel the order!! All references need to be in alphabetical order, as 7th ed. APA requires! Competency: 4. Apply key principles of financial management to assess the financial performance of non-profit and for-profit healthcare organizations through time-series and cross-sectional comparative analyses. This is one given source: Jha, A. K., Orav, E. J., Dobson, A., Book, R. A., & Epstein, A. M. (2009, May-June). Measuring efficiency: The association of hospital costs and quality of care. Health Affairs, 28(3), 897-906 Directions: Address the following: Develop an analytical overview of the different classifications of costs using as an example a healthcare organization relevant to you: fixed, variable, and semi-fixed; and direct and indirect. Assess the main contributions and the key limitations of the break-even analysis, relating the applications to healthcare organizations relevant to you. Evaluate the relationships between costs and profits, using theoretical and empirical evidence to support your arguments. Evaluate the effects of costs on hospital efficiency and quality of care. Assess the main contributions and criticize the key limitations of the empirical study by Jha et al. (2009). NOTE: I am a mental health social worker if this should be needed to complete this assignment.