Briefly discuss what is meant to be a price setter or price taker, the strategies employed in both approaches, and a clear listing of the pros and cons associated with each price setting strategy.

It can be postulated that there are two scenarios when it comes to price setting by providers and provider organizations. Providers refer to those practitioners eligible to bill third-party payers for the services they provide to patients. Provider organizations are facilities where care is delivered to patients. The first scenario is that providers and provider organizations are considered “price takers,” in that the rates of reimbursement are set by the payers with little to no input from providers and organizations. The second scenario is that providers and organizations set their own prices and that payers are expected to pay these rates. These strategies will be explored in this week’s discussion assignment.Briefly discuss what is meant to be a price setter or price taker, the strategies employed in both approaches, and a clear listing of the pros and cons associated with each price setting strategy. After weighing the pros and cons of each, which approach do you feel best meets the needs of the key stakeholders?You will be expected to respond to the initial posting of at least one peer. In this response, you should share what you liked about the posting and why, and then what you believe could strengthen your peer’s recommendation.

Assess whether the vision, mission, and goals of the organization are aligned with their current financial position and provide an explanation of why it does or does not align.

Week 5 Assignment – Strategic Financial AnalysisOverviewThe purpose of this assignment is to familiarize you with financial statements, the need to align the financials and the strategic direction of the firm, and the process of performing horizontal and vertical analyses of a company’s balance sheets and income statements.You will be provided with a scenario and a variances analysis. You will use the information in both to create a memo in which you demonstrate your audit financial statements and expenditures based on organizational priorities.InstructionsScenarioYou’re a healthcare administration fellow at the prestigious Stanford Healthcare. You have been rotating through the various departments over the past nine months and now you have the honor of working under the mentorship of Chief Financial Officer Linda Hoff.Stanford Medicine includes Stanford Healthcare, Stanford Children’s Hospital, and Lucile Packard Children’s Hospital Stanford. This organization uses an integrated approach to strategic planning, which incorporates jointly agreed upon strategic priorities from its various entities. It also ensures a high degree of congruence in strategic focus by each entity.Before outlining the strategic priorities for Stanford Medicine, it is important to note that a firm’s directional strategy comprises three discrete yet interwoven components: vision, mission, and goals (or, in this case, priorities). Armed with this knowledge, you have familiarized yourself with the vision, mission, and priorities of Stanford Medicine. Below is what you found.When examining a company’s financials, it is prudent to keep the directional strategy of the company in mind. After all, in order to advance many strategic priorities, which include fulfilling the mission and positioning the organization to achieve its vision for the future, proper management of the firm’s scarce resources is vital. Failure to properly manage the financial performance of the organization can compromise the company’s ability to maintain a competitive advantage in the marketplace.Our VisionPrecision Health: Predict. Prevent. Cure. Precisely.We will heal humanity through science and compassion by leading the biomedical revolution in precision health.Our MissionImproving Human Health Through Discovery and Care.Through innovative discovery and the translation of new knowledge, Stanford Medicine improves human health locally and globally. We serve our community by providing outstanding and compassionate care. We inspire and prepare the future leaders of science and medicine.Strategic PrioritiesA collaborative endeavor involving the entire community, the Stanford Medicine integrated strategic planning process yielded a framework that is human-centered and discovery-led, focused on three overarching priorities for our enterprise.By enhancing our strengths and achieving our goals in these priority areas, we will amplify our preeminence and remain uniquely positioned to lead the biomedical revolution in precision health,?ensuring our continued ability to guide healthcare through significant global changes.Value FocusedProvide a highly personalized patient experience.Ensure a seamless Stanford Medicine experience.Digitally DrivenAmplify the impact of Stanford innovation globally.Deliver human-centered, high-tech, high-touch care and revolutionize biomedical discovery.Lead in population health and data science.Uniquely StanfordAccelerate discovery in and knowledge of human biology.Discovered here, used everywhere: advance fundamental human knowledge, translational medicine, and global health.Ensure preeminence across all our mission areas.Variance AnalysesNormally, managers are expected to examine positive?and?negative variances, and then speculate as to possible explanations for the observed variances. Following this initial assessment, managers would be expected to dig deeper into those variances of greatest concern to the organization to uncover the actual causes for the variances, and then implement necessary corrective actions. Digging into all?variances would be costly and, quite frankly, a misuse of time and energy.The CFO asked one of her financial analysts to conduct a variance analysis of the company’s consolidated balance sheets and income statements for fiscal years 2015, 2016, 2017, and 2018, which has been completed. The analyst determined the variances for each account (line item) captured in the financials. Now that this first step has been accomplished, the CFO would like you to pay particular attention to the negative variances contained in the spreadsheet and focus on those variances you believe?to be potentially the most impactful to Stanford.The financial analyst completed your variance analysis over time, which is referred to as a?horizontal analysis, and then proceeded to create?a common size balance sheet and income statement of each of the four fiscal years (2015–2018). The common sized financials are captured in the provided spreadsheet.Financial Management and Strategic DirectionOnce you’ve completed your horizontal and vertical analyses of the financial statements, you should be able to get a sense of how well management has managed the financial resources of the company in support of its strategic direction. In business, the strategic direction should be evident in its vision and mission statements and strategic priorities. The strategic priorities should support the company’s mission, and the mission should help advance the firm’s vision for the future. Failure to effectively manage the company’s financial resources can seriously compromise the firm’s ability to fulfill its mission and, subsequently, the vision.SubmissionBased on the provided scenario, create a 3–4 page business memorandum to Linda Hoff, Stanford’s CFO.?For guidance on writing a memo, take a look at this Sample Memo [DOCX].In your memo, codify your findings and interpretations from the horizontal and vertical analyses and the level of alignment in the company’s fiscal management and its strategic direction. Include the provided Excel spreadsheet you used to complete your analysis as an attachment to the memo. In this memo, you will:Review the year-over-year variances contained in the audited Stanford balance sheets and income statements for fiscal years 2015–2018 in the? Week 5 Assignment Spreadsheet [XLSX]. You’ll be expected to pay particular attention to the negative variances (color coded in red) that you believe to be potentially the most impactful to Stanford and provide a rationale for that belief.Hypothesize as to the reasons for the negative variances. Be sure the hypothesis is supported by evidence from the scenario, the balance sheets, and income statements.Explain the proportional changes in the common size results over the four fiscal year time frame and identify notable changes in the ratios. Also include a hypothesis, supported by a rationale, to suggest why these anomalies may exist.Identify notable patterns and variances that warrant further investigating and justify both with evidence from the three- year period. Specify potential consequences of the variances to justify the need to examine these variances further.Assess whether the vision, mission, and goals of the organization are aligned with their current financial position and provide an explanation of why it does or does not align. Provides specifics from the variance analysis to support the assessment.

Discuss the marketer’s role through the lens of the 4 P’s of marketing and the context of the client’s business.

ScenarioYou are a health care marketing executive who is under contract to help your client market to their target audience. You are tasked with writing a Letter of Engagement that summarizes your working relationship with the client.Preparation:Reflect on the scenario above, choose your provider type from the table below, and select one corresponding service and goal that is to be achieved through marketing.Review chapters 2-5 of your textbook. These chapters provide excellent information on basic health care marketing, so make sure to study these chapters carefully.Research two healthcare providers that offer services similar to your client. Study how these providers market their services.Research the service they are providing so that you understand how services should be marketed, and to whom.(1) BUSINESS-Small Dental/Medical Practice –EXAMPLE OF SERVICES-General services, oral surgery, orthodontics, orthopedics, pediatrics, etc.GOAL-Gain new patients.(2) BUSINESS-Department within a hospitalEXAMPLE OF SERVICES-Women’s reproductive services, outpatient dialysis, laser treatments, etc.GOAL-Announce a new service.(3) BUSINESS-Health Care Specialty ClinicEXAMPLE OF SERVICES-Disabled veterans, people seeking cosmetic enhancements, physical therapy, or occupational therapy, etc.GOAL-Reach a new target market.(4) BUSINESS-Home Health Care ServiceEXAMPLE OF SERVICESMobility, wound care, therapy, etc.GOAL-Expanding services to a new area.(5) BUSINESS –Government or Non-Government OrganizationEXAMPLE OF SERVICES-Mental Health, HIV, domestic abuse, anti-smoking, addiction, etc.GOAL-Educate the public on a health care topic.InstructionsWrite a one-page letter (one-page single-spaced) to your new client that you selected from the list. The letter should be professionally written and formatted. In the letter, be sure to do the following:Introduce yourself and describe your role as a healthcare marketing executive.Summarize the proposed marketing engagement including:Provider nameBrief description of the client.Goal for engaging your marketing services, duration, and payment.Explain two aspects of marketing that are unique to the healthcare industry.Discuss the marketer’s role through the lens of the 4 P’s of marketing and the context of the client’s business.Additional RequirementsResources: Use two sources in addition to your textbook to support your writing. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least one time within your letter of engagement.EXAMPLE LETTER THAT IS NEEDED!!!Letter of Engagement ExampleThe HeadingThe Name of Your Company or LogoStreet Address, City, State, and Zip CodeTelephone Number including Area CodeYour email address and/ or your website if availableToday’s Date: Month, Day, and YearRecipient’s AddressYour Clients Name: Mr., Ms., Miss, Dr., First and last nameYour Client’s Title: Chief Executive Officer, Owner, Director, etc.Name of your client’s companyClient’s Street Address,City, State and Zip CodeThe SalutationDear (Mr., Ms., Dr., Last name)The BodyGreet your client. Introduce yourself, and briefly discuss your credentials and experience as a healthcare marketing executive. Summarize the proposed marketing engagement. Included in this summary, should be the name of the company, a brief description of the company, the contact person or principal that you are working with, and their title. Clearly state the goal that you are tasked with completing. Discuss the duration of the engagement, in day, months, or years. Discuss payment(s) and how it will be handled.Explain to your client two aspects of marketing that are unique to the healthcare industry. Discuss the 4 Ps of marketing through the healthcare lens. Finally, close out your Letter of Engagement thanking your client for selecting you/your firm for their marketing needs.Complimentary Closing StatementSincerely yours,The Signature LineYour signatureYour nameYour titleEnclosures

Explain why it is strong or weak based the sample’s size and representativeness – comment on each feature and be as detailed as possible, which might require some creativity.

Construct an original example of an enumerative induction based on your everyday life or experiences.In your example, you must do each of the following:(a) Identify the sample, the target, and the relevant property.(b) Evaluate the argument as either strong or weak (you can make it either).(c) Explain why it is strong or weak based the sample’s size and representativeness – comment on each feature and be as detailed as possible, which might require some creativity.

Why use cooperative learning? What is the difference between formal cooperative learning and informal?

Respond to Questions:Based on Cooperative Learning Reading by Johnson, Johnson, and Holubec (1994). Respond to the following:Why use cooperative learning? What is the difference between formal cooperative learning and informal?What are the 5 essential elements of cooperative learning? Discuss what each means in your own words and why it is important.What do teachers need to know about monitoring and intervening when students are working in cooperative groups2. Based on Gillies (2003) article on Structuring cooperative group work in classrooms, respond to the following:What are the key research findings of cooperative learning? To what extent are these findings important for teachers, including yourself? Explain why.What theoretical perspective(s) inform cooperative learning research and practice?To what extent are findings in the reading similar to those reported in the short Video—Incorporating Cooperative Learning Effectively.3.Read the Mirrored Tiles Lesson Plan and provide specific examples to explain in what ways each of the five key elements of cooperative learning are evidenced (or not) in the lesson plan. If any of the five elements are not addressed, point those out and explain your observation; then suggest a way that it might be addressed in the lesson plan.4. Watch the Video Lesson—Where Cooperative Learning Works. Provide specific examples to explain in what ways each of the key five elements for cooperative learning are evidenced (or not) in the lesson. If any of the five elements are not addressed, point those out and explain your observation; then suggest a way that it might be addressed in the lesson. (As you observe the video, watch for teacher interactions with the groups (e.g., How does the teacher promote group interactions? Some teachers exchange communications with individual students (as if it was an individual task) rather than addressing the entire group when a member asks a question or when the teacher has a question or comment. This does not model cooperation in the group to the students.)https://online.fiu.edu/videos?vpvid=e5b0e4e8-87d0-4101-af01-165e32d059465. What questions or concerns do you still have about using cooperative learning through the implementation of the 5 key elements that other classmates may respond to?

Explain the various government roles in health care and explain your examples

Weekly tasks or assignments (Individual or Group Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.Using your textbook and the Internet, to identify various roles that involve the government in healthcare. Include the following:Explain the various government roles in health care and explain your examples. This assignment should be 1 – 2pages following all APA Guidelines in formatting and reference citations.

Explain why there is a difference between the present value of the Strayer lottery jackpot and the future value of the 26 annual payments based on your calculations and the information provided.

OverviewIn this activity, you will carry out calculations and research that help you understand how to evaluate the return and risk on investments.InstructionsAnswer these questions in a 1–2 page paper.You have just won the Strayer Lottery jackpot of $11,000,000. You will be paid in 26 equal annual installments beginning immediately. If you had the money now, you could invest it in an account with a quoted annual interest rate of 9% with monthly compounding of interest.Calculate the present value of the payments you will receive. Show your calculations using formulas in your paper or in an attached spreadsheet file.Explain why there is a difference between the present value of the Strayer lottery jackpot and the future value of the 26 annual payments based on your calculations and the information provided.Compare the information about risk and return indicated by different bond ratings. Support your answer with references to research.Use various bond websites to locate one of each of the following bond ratings: AAA, BBB, CCC, and D. Research the differences between the bond ratings, the required interest rates, and the risk. List the websites used as sources for this research.Identify the strengths and weaknesses of each rating.This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.

Post at least one current news item from The Wall Street Journal, or other reputable news source, about one of your stocks, and explain how and why that impacted the stock price.

Investment Game Workroom.Discussion posts and trading activities for the class will take place in the Investment Game Workroom. Your required activity is outlined below:By Sunday, midnight of Week 5 (2% of Course Grade)Post a brief commentary on your portfolio explaining:How you are doing relative to your benchmark.What changes you have made, if any, and why you made them.Post at least one current news item from The Wall Street Journal, or other reputable news source, about one of your stocks, and explain howand why that impacted the stock price.

Using the scenario, identify four possible IT security controls for the bank and provide rationale for your choices.

Scenario§ The organization is a regional XYZ Credit Union/Bank that has multiple branches and locations throughout the region.§ Online banking and use of the Internet are the bank’s strengths, given its limited human resources.§ The customer service department is the organization’s most critical business function.§ The organization wants to be in compliance with the Gramm-Leach-Bliley Act (GLBA) and IT security best practices regarding its employees.§ The organization wants to monitor and control use of the Internet by implementing content filtering.§ The organization wants to eliminate personal use of organization-owned IT assets and systems.§ The organization wants to monitor and control use of the email system by implementing email security controls.§ The organization wants to implement this policy for all the IT assets it owns and to incorporate this policy review into an annual security awareness training program.Using the scenario, identify four possible IT security controls for the bank and provide rationale for your choices.Requirements§ Citation Style: APA 7§ Length: 1–2 pages

How do you know when an agreement becomes a contract?

Although contracts can be designed to protect the promisor and promisee of an agreement, it is important to understand that they also carry risk. If someone is careless or fails to read the terms closely before the interested parties sign, he or she may make a costly commitment.For this Discussion, you will examine business contracts and assess potential issues and risks associated with those contracts, as well as ways to avoid these risks using scholarly resources on contract law.To prepare for this Discussion:Review the Learning Resources and consider these questions:How do you know when an agreement becomes a contract?What information should you know before entering into a contract?What are ways to protect yourself as you enter or advise others to enter a contract?Think of a negative experience that would have resulted or did result from the terms of a contract you entered or almost entered. Alternatively, consider the experience(s) of someone else you know or a situation you heard about on the news or on social media. You will use this experience or scenario to discuss the possible risks associated with contracts.Note: If using a scenario from your own personal experience (or the experience of someone else you know) for this Discussion, be sure to substitute fictitious names for any people involved and any associated businesses.Review the Academic Writing Expectations for 2000/3000-Level Courses.By Day 3Post a 150- to 225-word (2- to 3-paragraph) description of the risks that are associated with a business contract that you either experienced or observed. In your explanation, address the following:Describe the business contract and the scenario that revolved around it.Explain the risks of the contract and how they resulted (or could have resulted) in a negative situation.Explain how you (or the person/interested party in the scenario) could have avoided (or did avoid) the negative situation by having a better understanding of contract law at the time.Include a reference(s) to a minimum of one scholarly source to support your response.Refer to the Week 4 Discussion Rubric for specific grading elements and criteria. Your Instructor will use this grading rubric to assess your work.Readsome of your colleagues’ postings.By Day 5Respond with at least 75 words (1 paragraph) each to two or more of your colleagues’ postings by providing additional information on any other contract laws that could have protected your colleagues.Return to this Discussion in a few days to read the responses to your initial posting. Note what you have learned or any insights you have gained as a result of the comments your colleagues made.

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