IHP 450 Module One Journal Guidelines and Rubric Prompt: Create a journal entry in which you: Provide a concise description of the purpose

IHP 450 Module One Journal Guidelines and Rubric Prompt: Create a journal entry in which you:  Provide a concise description of the purpose of financial measurement in healthcare.  List the major financial measures which are monitored by financial managers in the healthcare industry and, for each measure, provide one or two examples of decisions that might be informed by that measure.  Identify the one or two measures you think are most important for the survival of a healthcare organization and explain why you think they are most important. Instructor Feedback: This activity uses an integrated rubric in Blackboard. Students can view instructor feedback in the Grade Center. For more information, review these instructions. Critical Elements Exemplary Proficient Needs Improvement Not Evident Value Purpose of Financial Measurement in Healthcare Entry accurately describes the purpose of financial measurement in healthcare (100%) Description is incomplete or is inaccurate in some respects (75%) Description is absent or does not describe the purpose of financial measurement in healthcare (0%) 20 Major Financial Measures Meets “Proficient” criteria and all examples are accurate (100%) List of major financial measures is complete, one or more examples of decisions that might be informed by each of the measures is provided, and most or all examples are accurate (85%) List of major financial measures is incomplete, or examples of decisions that might be informed by each of the measures are missing or mostly incorrect (55%) Financial measures or examples of related decisions are absent (0%) 40 Measures Most Important For the Survival of a Healthcare Organization One or more measures are identified and the rationale for why they are most important is sound (100%) One or more measures are identified but there are some weaknesses in the rationale for why they are most important (75%) Measures or rationale for why they are most important are missing (0%) 40 Earned Total 100%