Weekly Institutional Update MemoIntroduction and Alignment

As stated in the previous workshops, a basic knowledge of healthcare economics and policy is an increasingly important skill needed by healthcare administrators. Healthcare administrators must understand healthcare economics and policy, as well as factors that contribute to specific healthcare issues.

Healthcare economics and policy updates must be synthesized and communicated to institutional leadership on a regular basis to ensure compliance with laws and regulations and to prepare the institutional leadership for upcoming policy changes that may impact the healthcare institution. The ability to read and understand a healthcare issue and convey its meaning and possible implications to leadership is a required skill for healthcare administrators.

The institutional memo is an excellent means to quickly and concisely communicate to leadership in a healthcare institution.

Upon completion of this assignment, you should be able to:

• Describe the possible impact and implications of the legal structure of a selected healthcare issue on a healthcare institution.

Resources

• Textbook: The Economics of Health and Healthcare
• File: Weekly Update Memo on Current Issues.docx

Background Information

A healthcare administrator must understand economic concepts and be able to convey the main points of how healthcare issues and policies impact an organization to be better able to manage the organization.

In this assignment you will again assume the role of a healthcare administrator. You will identify a current government regulation and examine its legal implications as reported by the media, synthesize the information, and communicate the issue and possible economic implications to your healthcare institution through a memo. The memo will not only communicate important information and possible changes to economic policy to your healthcare institution but will also ensure compliance with laws and regulatory standards.

Instructions

1. Review a current media piece related to the study and practice of healthcare economics from the following list:
2. Television reports
3. Newspaper articles
4. CNN reports
5. Government websites (CDC, HN, HHS, Medicare, Medicaid)
6. RAND Corporation
7. Government policy briefs
8. CNBC
9. CSPAN
10. MSNBC
11. The topic you select must have been reported on by the media during the current workshop week.
12. Use the Weekly Update Memo on Current Issues.docx as a template for creating your memo.
13. Write a two-paragraph memo reporting on the topic you select from your media review.
14. In the first paragraph, summarize the issue reported in the media.
15. In the second paragraph, discuss possible impacts the issue will have on your healthcare institution.
16. When you have completed your assignment, save a copy for yourself and submit a copy to your instructor using the Dropbox by the end of the workshop.

• 1496649165-Weekly Update Memo on Current Issues.docx

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