I need help with a Health & Medical question. All explanations and answers will be used to help me learn.

I have selected an organization name, Grace Healthcare System (GHS),

Create a 2–3-page internal memo for a risk-management team. Summarize a risk financing issue for a selected organization in the memo.

Note: The assessments in this course build upon each other, so you are strongly encouraged to complete them in a sequence.

Financial risk-management helps reduce the financial impact of risk. It also determines the best approach for handling adverse situations from a financial standpoint. Health care leaders must have a solid understanding of the basics of regulation, government and public risk sharing, and also the era of ACOs.

By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:


There is a constant tension between the management of medical errors and the improvement of the quality of care. You may be asked to participate in risk-management and risk financing activities in your role as a health care leader.

If a risk management team asked you to research and summarize financial risks in your organization today, would you know the following:

Read further in the Assessment 2 Context [PDF] document, which contains important information on the following topics:

Questions to Consider

As you prepare to complete this assessment, you may want to think about other related issues to deepen your understanding or broaden your viewpoint. You are encouraged to consider the questions below and discuss them with a fellow learner, a work associate, an interested friend, or a member of your professional community. Note that these questions are for your own development and exploration and do not need to be completed or submitted as a part of your assessment.

Imagine that a supervisor enters your work setting accompanied by an unexpected visitor from CMS. Your supervisor introduces you to the Medicare surveyor, who will be interviewing you.


Suggested Resources

The resources provided here are optional and support the assessment. They provide helpful information about the topics. You may use other resources of your choice to prepare for this assessment; however, you will need to ensure that they are appropriate, credible, and valid. The MHA-FP5014 – Health Care Quality, Risk, and Regulatory Compliance Library Guide can help direct your research. The Supplemental Resources and Research Resources, both linked from the left navigation menu in your courseroom, provide additional resources to help support you.

Accountable Care Organizations-Managing Financial Risk

This article discusses how implementers envision integration and what it means to manage the many social identities that ACOs bring together.

This article proposes strategies for ACOs to engage with the internal and external customers to develop new products that will provide a competitive advantage by decreasing waste, promoting knowledge, and targeting customer value.

This article provides a framework for assessing performance, targeting technical assistance, and diagnosing potential antitrust violations.

ACO Ethical and Legal Obligations

This article provides an ethical framework for physician decisions and action within the ACOs.

The following articles examine some of the ethical concerns that ACOs confront.

These textbook readings address patient safety, security and the legal risks involved with it.

Additional Resources for Further Exploration

You may use the following optional resources to further explore topics related to competencies.

Risk-Management Professional Organizations

Assessment Instructions

Note: This assessment must be completed before starting Assessment 3.


Imagine yourself in the role of a risk manager. Select a topic related to risk financing and identify a risk financing issue. This issue may be from a selected organization or from your workplace. As an example, you might select the issue of financing potential malpractice suits at a medical clinic. Refer to the Suggested Resources to ensure that you have a solid understanding of the financial dynamics related to this type of issue.


Memo – Risk Financing Issue

Create a 2– 3-page internal memo. Follow the steps below and include them in the memo:

Additional Requirements