Explain the ways in which trends within Medicare, Medicaid, and third-partypayers affect working capital and the cost elements associated with the revenue cycle.

Prompt:

Your expertise in healthcare finance has attracted the attention of some of the newer employees in your organization. Wantingto become managers someday, they have asked you to share some of what you know in the online journal that serves as the company’s knowledge-sharing portal. Create a journal assignmentin which you respond to these specific topics from your colleagues:

Describe the ways in which financial statements, financial calculations, and working capital are used in the organizational budget process

Identify the main objective of managing cash flows

Explain why financial leaders are concerned about having cash on hand

Identify the three factors that set the healthcare industry apart from most other industries with regard to accounts receivable

Explain the ways in which trends within Medicare, Medicaid, and third-partypayers affect working capital and the cost elements associated with the revenue cycle

Last Completed Projects