Effects of financial and economic factors

• 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 Summarize the chosen economic issue and its impact on your work, organization, colleagues, and community.
• 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 Identify any socioeconomic or diversity disparities that exist with how your chosen economic issue impacts any particular groups or populations.
• Competency 3: Justify the qualitative and quantitative information used to guide economic decision making to stakeholders and colleagues.
o Explain the findings of evidence-based or scholarly sources regarding the need to address your chosen issue and pursue potential change or implementation plans.
• Competency 4: Develop ethical and culturally equitable economic strategies to address dynamic environmental forces and ensure the future security of an organization's resources and its ability to provide quality care.
o Explain the predicted outcomes and opportunities for growth as the result of the proposed change or implementation plan.
• Competency 5: Produce clear, coherent, and professional written work, in accordance with Capella writing standards.
o Convey purpose, in an appropriate tone and style, incorporating supporting evidence and adhering to organizational, professional, and scholarly writing st