Prompt- Due Thursday 5/13 – Female Voice
Healthcare financing can leave you feeling overwhelmed; especially if there is lack of knowledge on the topic. Review the course learning outcomes for this course below. Attach a 4-5 minute audio recording of yourself discussing which outcome you are most concerned about achieving, why, and how this relates to your future career:
- Evaluate and critique the roles and responsibilities of finance that healthcare organizations and managers can use for effective decision making.
- Analyze critical financial concepts—including financial statements, variance and ratio analysis, and break-even analysis—used by healthcare organizations to create robust financial budgets, reporting systems, and other critical financial plans needed to ensure the organization’s financial viability in the long term.
- Assess operating revenues, reimbursement, costs structures, and allocation methods used by healthcare organizations to ensure effective control, operation sustainability, and organizational efficiency and effectiveness.
- Determine and evaluate the methods of working capital management, revenue cycle, and cash flows management.
- Show the concepts of capital budgeting and investment and long-term financing decisions and options.
- Design a business plan for a proposed healthcare operation.
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