Name: (FINAL ANSWER) HMGT 322 Week 7 Assignment: Best Financial Practices Group Project - Submissions
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Instructions

Instructions

Target:

apply principles of accounting, finance, and effective communication to manage and deliver health care services

Each group is to develop a 7-10 slide PowerPoint presentation devoted to the best financial practices for health care. Each presentation should:

Identify and describe your healthcare organization (e.g. hospital, physician organization, laboratory, other).
List at least five “Best financial practices” that you believe are important for your healthcare organizations to follow (One Best Practice per participant). Base your choice on your reading in this course and research.
Explain why each of these practices are important for your healthcare organizations given the current policy and regulatory environment.
Explain what can go wrong if the practice is not followed.

SOLUTION

Overview of CVS Pharmacy

CVS Pharmacy is one of the largest retail pharmacy chains in the U.S.
The pharmacy provides prescription medications, over-the-counter drugs, health care services, and retail products
Operates over 9,900 retail locations and 1,100 MinuteClinics providing convenient healthcare services.
Additionally, it operates a pharmacy benefits management (PBM) division through Caremark and has expanded into health insurance through Aetna.
It operates in both standalone pharmacies and CVS HealthHUBs, focusing on expanding patient care services.
Key services
Prescription fulfillment
Minute Clinic services
pharmacy benefit management.

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(FINAL ANSWER) HMGT 322 Week 7 Assignment: Best Financial Practices Group Project – Submissions

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