ECON DECISION MAKING HLTH CARE Proposing a New Initiative COMPETENCIES
Competencies Measured
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment scoring guide criteria:
• Competency 1: Analyze the effects of financial and economic factors (such as cost-benefit, supply and demand, return on investment, and risks) in a health care system on patient care, services offered, and organizational structures and operation.
o Analyze the economic factors of supply and demand associated with a proposed initiative, within a context relevant to a particular organization or care setting.
• Competency 2: Develop ethical and culturally equitable solutions to economic problems within a health care organization in an effort to improve the quality of care and services offered.
o Explain why a proposed initiative presents a viable and beneficial economic opportunity for an organization.
• Competency 3: Justify the qualitative and quantitative information used to guide economic decision making to stakeholders and colleagues.
o Explain how relevant economic and environmental data support a proposed initiative.
• Competency 5: Produce clear, coherent, and professional written work, in accordance with Capella writing standards.
o Write concisely and directly using active voice.
o Support main points, assertions, arguments, conclusions, or recommendations with relevant and credible evidence.
