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Mini Cases are intended to assist the student in understanding how to apply the financial skills introduced in financial management

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Mini Cases are intended to assist the student in understanding how to apply the financial skills introduced in financial management. Students will prepare a 1-page report on each of the mini cases from the text reflecting their application of the financial concept and theory. The report should focus on the specific issue found in the case and demonstrate the opinions and perspectives of the student and how they feel the issue should be addressed.

Use the format APA7.

We are using this book please use it as reference and for citation. Also the mini case is located in this book: Introduction to the Financial Management of Healthcare Organizations, Eighth Edition

        by Michael Nowicki (Author)

 

Mini Case Study (Page 116)

Suppose that, as the new benefits manager at Riley Industries, you have decided to implement a high-deductible health plan for the employees. You have heard that HDHPs have many benefits, such as substantial cost savings resulting from employees taking charge of their health. You have also heard there are disadvantages. For instance, employees are unaware of how to manage these plans. How should you educate the employees of Riley Industries on HDHPs? What if the employees want to keep their previous insurance plans instead? Discuss the other advantages of HDHPs to both the employer and the employees, including how employees are able to promote better health through these plans. Name some other disadvantages of the plans, including the inability to save for possible deductible costs. What is your opinion on companies moving toward HDHPs?