hca 312 week 2 discussion 1

Your initial discussion thread is due on Day 3 (Thursday) and you have until Day 7 (Monday) to respond to your classmates. Your grade will reflect both the quality of your initial post and the depth of your responses. Refer to the Discussion Forum Grading Rubric under the Settings icon above for guidance on how your discussion will be evaluated.

MY LAST INITAIL IS “G”

Differentiating Costs [WLOs: 1, 3] [CLOs: 3, 5]

Prior to beginning work on this discussion, please read Chapters 4, 5, 6, 7, and 8 in your course textbook and the Hospitals Become Cost Centers in Managed Care Scenario article. Just like any industry, healthcare has its own language. Healthcare managers must be able to classify various costs associated with day-to-day operations. For this discussion, you will incorporate the course textbook readings to discuss the assigned costs listed below.

In your initial response, explain the cost assigned to you and give an example of that type of cost as it relates to a healthcare facility (i.e., physician practice, hospital, long-term care facility, urgent care, specialty group practice, or surgery center). Include in your response why it is important for the healthcare manager to know the differences between all the costs listed when determining financial status. Your initial post should be 250 to 300 words.

Costs

Address the topic listed based on the first letter of your last name

Direct Costs

Student last name begins with A, H, O, V

Indirect Costs

Student last name begins with B, I, P, W

Product Costs

Student last name begins with C, J, Q

Period Costs

Student last name begins with D, K, R, X

Fixed Costs

Student last name begins with E, L, S, Y

Variable Costs

Student last name begins with F, M, T, Z

Semi-variable Costs

Student last name begins with G, N, U

Guided Response: After reading your fellow classmates’ posts, provide responses to at least two of your peers by Day 7. Identify the costs that you can or cannot control. For the costs that you can control, discuss the measures you can take to keep those costs within budget. Explain the long-term financial impact to the organization. Your response posts should be a minimum of five well-developed sentences, with at least 100 words in each response.

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