Essay

Prompt: Thus far in the course, the primary focus has been on hospitals within the healthcare industry. For this short paper, you will consider the economic issues related to long-term care facilities.

In this assignment, consider the following questions related to long-term care facilities: 

 What are the factors that make long-term care unique compared to a hospital? 

 What is the effect of Certificate of Need (CON) on the economics of long-term care economic decision making and how is this different from that of a hospital? 

 What does the forecast of supply and demand for the long-term care industry look like for the next 25 years and how should that impact decision making? 

Should the U.S. government cover the costs for the elderly in the middle and wealthy classes?

Rubric for assignment attached below

IHP 620 Module Eight Short Paper Guidelines and Rubric Prompt: Thus far in the course, the primary focus has been on hospitals within the healthcare industry. For this short paper, you will consider the economic issues related to long-term care facilities. In this assignment, consider the following questions related to long-term care facilities:

 What are the factors that make long-term care unique compared to a hospital?

 What is the effect of Certificate of Need (CON) on the economics of long-term care economic decision making and how is this different from that of a hospital?

 What does the forecast of supply and demand for the long-term care industry look like for the next 25 years and how should that impact decision making?

 Should the U.S. government cover the costs for the elderly in the middle and wealthy classes? Guidelines for Submission: Your paper must be submitted as a 2–3 page Microsoft Word document with double spacing, 12-point Times New Roman font, one- inch margins, and at least two sources cited in APA format.

Critical Elements Exemplary (100%) Proficient (90%) Needs Improvement (70%) Not Evident (0%) Value

Comprehension

Meets “Proficient” criteria and includes exceptional details with specific examples

Clearly articulates a good understanding of key economic principles applied to LTC organizations

Articulates the economic principles related to LTC organizations but missing key details and clarity of content

Does not articulate an understanding of economic principles related to LTC organizations

25

Analysis of Unique Features of LTC Organizations

Meets “Proficient” criteria with exceptional detail and specific examples

Analyzes the unique features of LTC organizations with clarity and detail

Analyzes some of the unique features of LTC organizations but missing key distinctions and clarity of content

Does not analyze the unique features of LTC organizations

20

Assessment of Future Challenges

Meets “Proficient” criteria with exceptional details and specific examples

Assesses future predictions and their impact on LTC decision- making with clarity and detail

Assesses future predictions and their impact on LTC decision- making but missing key details and clarity of content

Does not assess future predictions and their impact on LTC decision-making

20

Critical Thinking Meets “Proficient” criteria with exceptional details and strong supporting reasons

Articulates a clear argument for or against the U.S. government’s coverage of LTC for specific populations with adequate supporting reasons

Articulates an argument for or against the U.S. government’s coverage of LTC for specific populations with gaps in reasoning and details

Does not articulates a clear argument for or against the U.S. government’s coverage of LTC for specific populations

25

Writing Mechanics Meets “Proficient” criteria and is presented in a professional and easy-to-read format

Submission has no major errors related to citations, grammar, spelling, syntax, or organization

Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas

Submission has critical errors related to citations, grammar, spelling, syntax, or organization that obstruct understanding

10

Earned Total 100%