HSA 540: Healthcare Operations Management Overview In last week's activity, you asked a finance-related question that is of operational importance to your department. In this assignment, you will dive deeper

into the question. Preparation Review the Villa Health Financial Statement Analysis scenario as needed. Conduct general research on the hospital department you have chosen to better understand how it operates, particularly in areas related to its finances. Scenario In the weeks after the Villa Health Board meeting, your department is facing a large staffing shortage that has resulted in a significant increase in overtime costs. Your department needs to address the ensuing budget shortfall and share the plan with senior leadership. Instructions Considering the scenario, create a brief for senior leadership that shares your initial steps for addressing the budget shortfall. In your brief, include the following: ● ● Explain which three financial statements or figures would likely reveal useful insights into the causes or solutions to the problem. Suggest three reasonable options for addressing the specified budget shortfall with detail that would inform decision-making. Justify your choice of the best option by providing an effective analysis of its pros and cons. Provide reasonable and specific projections of how this action would impact the financial statements or figures you selected in the first bullet point. o "Specific projections" should include the general magnitude and direction of changes and not necessarily specific numbers. You needn't focus on actual amounts or perform detailed accounting projections; you are merely seeking to provide insight into areas and the magnitude of change (general direction) caused by the action(s). Use at least three sources to support your writing. Choose sources that are credible, relevant, and appropriate. HSA 540: Healthcare Operations Management This course requires the use of Strayer Writing Standards (SWS). The library is your home for SWS assistance, including citations and formatting. Please refer to the Library site for all support. Check with your professor for any additional instructions. The specific course learning outcome associated with this assignment is: Analyze health care finance models and practices. ● View Rubric Week 4 Assignment - Addressing a Budget Shortfall Week 4 Assignment - Addressing a Budget Shortfall Ratings Criteria Explain three financial statements or figures that would likely reveal the useful insights into the causes or solutions to a stated problem. (25%) view longer description 37.5 to 33.74 pts Exemplary Explained three financial statements or figures that would likely reveal the useful insights into the causes or solutions to a stated problem in detail. 33.74 to >30 pts Competent Explained three financial statements or figures that would likely reveal the useful insights into the causes or Pts / 37.5 pts HSA 540: Healthcare Operations Management Week 4 Assignment - Addressing a Budget Shortfall Week 4 Assignment - Addressing a Budget Shortfall Ratings Criteria solutions to a stated problem but lacked detail to support the assertions. 30 to >26.24 pts Needs Improvement Identified financial statements or figures that would be unlikely to reveal useful insights into the causes or solutions to a stated problem. 26.24 to >0 pts Unacceptable Failed to identify financial statements or figures that would reveal insights into the causes or solutions to a stated problem. Pts HSA 540: Healthcare Operations Management Week 4 Assignment - Addressing a Budget Shortfall Week 4 Assignment - Addressing a Budget Shortfall Ratings Criteria Suggest three reasonable options for addressing a budget shortfall with detail that would inform decision-making. (15%) view longer description 22.5 to 20.24 pts Exemplary Suggested three reasonable options for addressing the specified budget shortfall with detail that would inform decision- making. 20.24 to 18 pts Competent Suggested three reasonable options for addressing the specified budget shortfall, but they lacked sufficient detail to inform decision- making. 18 to >15.74 pts Needs Improvement Pts /22.5 pts HSA 540: Healthcare Operations Management Week 4 Assignment - Addressing a Budget Shortfall Week 4 Assignment - Addressing a Budget Shortfall Ratings Suggested unreasonable Criteria Justify the choice of the best option for addressing the specified budget shortfall by providing a supported analysis of its pros and cons. (25%) view longer description options for addressing the specified budget shortfall. 15.74 to >0 pts Unacceptable Failed to identify options for addressing the specified budget shortfall. 37.5 to 33.74 pts Exemplary Justified the choice of the best option for addressing a budget shortfall by providing a supported analysis of its pros and cons. 33.74 to >30 pts Competent Described the rationale for a Pts / 37.5 pts