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QUESTION
From the list of financial concepts, pick only 1-2 financial concepts to discuss.
Search for a healthcare finance related article on the concepts.
In a 3-5 page paper, describe how you can apply the selected financial concepts from the article to your current health care organization or a health care organization of your choice.
Some examples of financial concepts are:
Revenues or revenue cycle
Fixed and variable costs
GAAP
Contribution margin
Breakeven Analysis
Capitation
Income statements
Balance sheets
Cost value analysis
Cost allocation methods
Auditing process
General knowledge of health care laws and regulations
Time value of money
Financial statement analysis
Cost of capital
Financial risk
Insurance and risk
Ratio analysis
Analytics
Budgeting (operational and capital)
Forecasting
Lease financing
Cost control
Benchmarks
HIPAA privacy act
Affordable Care Act (ACA)
JCAHO
ICD-10
Profit vs. non-profit
Best practices
Compliance
Be sure to include the following:
1.Provide a summary of the article (must be healthcare related). Articles should be within the last 5-10 years for current articles.
2.Provide an explanation of the financial concept(s) found in the article.
3.Provide an example of how you can apply these financial concept(s) to your current health care organization or to the health care organization of your choice (i.e. John Hopkins Hospital, Mayo Clinic)*.
4.Include the source of the article in the paper and include another source above the current article (a minimum of 2 sources are required).
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