Prior to beginning work on this discussion forum, readÂ Chapter 6Â in the textbook as well as theÂ Week 3 instructor guidance. In addition, read the following articles:
- Predicting Hospital Closure Using Popular Financial Indicators: An Exploratory Study of Muhlenberg HospitalÂ (Links to an external site.)
- Financial Risk Assessment in Healthcare OrganizationsÂ (Links to an external site.)
As addressed in Chapter 6 of our course textbook, there are six primary risk factors to health care organizations that must be addressed in audit reports. Below is the risk factor you are assigned to complete in your initial post:
Potential pandemics or other natural disasters
First letter of last name: A, G, M, S
Indebtedness and potential impact if there is an economic downturn
First letter of last name: B, H, N, U
Risks related to government regulation and other legal matters
First letter of last name: C, I, O, T
Risks related to human capital, especially staffing shortages and labor union activity
First letter of last name: D, J, P, V
Risks related to technology, data privacy, and cybersecurity
First letter of last name: E, K, Q, W, X
Risks related to operations, strategy, demand, and competition
First letter of last name: F, L, R, Y, Z
In your initial post, address the following:
- Explain the financial implications of the assigned topic to health care organizations.
- Discuss at least two strategies that will minimize financial threats to health care organizations related to your assigned topic.
Your initial post must be at least 250 words and use a minimum of two credible sources to support your discussion content. The supporting resources can be your textbook as well as the required or recommended resources provided in this course, the University of Arizona Global Campus Library, or credible websites.
TheÂ Scholarly, Peer-Reviewed, and Other Credible SourcesÂ (Links to an external site.)Â table offers additional guidance on appropriate source types. All referenced materials must include citations and references in APA format. Please see directions for including APA Style elements on these Writing Center pages:Â APA: Citing Within Your PaperÂ (Links to an external site.)Â andÂ APA: Formatting Your References ListÂ (Links to an external site.).
Guided Response:Â Due by Day 7. Respond to at least two of your peers by the end of Day 7. In your response to peers, discuss one strategy not already addressed in your peerâ€™s post that a health care organization could use to minimize the threat they covered.
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