Question
4. You are a respected subject matter expert in the areas of healthcare finance and strategy. The Miami Internal Medicine Group, P.A, invited you as
4. You are a respected subject matter expert in the areas of healthcare finance and strategy. The Miami Internal Medicine Group, P.A, invited you as a guest lecturer to their monthly executive retreat to explain to the retreat attendees (executives, physician leaders, and BoD) about the importance of the strategic financial planning process as an evidence-based assessment of the organization's external and internal financial environments. Assess how the strategic financial planning process can impact the financial viability of their practices and in considering the healthcare market dynamics.
- At the same Board of Directors meeting mentioned in Question 5, the doctors asked you to explain how the healthcare shift to value-based care and pandemic crises are changing the delivery and financing of healthcare, creating a shift from volume-based, fee-for-service care to value-based care focused on access to care, efficiency, and quality. Assess the impact of this pandemic and shift on the financial viability of this group practice.The pandemic crisis and shift have led to changes in healthcare reimbursement and healthcare delivery markets. Assess the impact of this pandemic and shift on the financial viability of this group practice.
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