Healthcare Finance essay
400 words per question -can you deliver 1. The Role of Financial Statements Understanding basic accounting principles is imperative to the health care manager role. Reading a balance sheet and recognizing the importance of cash flow are skills that are compulsory to this function. With this in mind, discuss the following: · Discuss the most important headings in a balance sheet and what the summary numbers mean. · Explain 4-5 reasons why cash flow is important to a healthcare organization. Use 2 references to validate your response 2. Understand How Reimbursement Contributes to the Need for Cost Containment You are the manager in a healthcare organization, and you have been directed to come up with a plan to cut your budget by 5%. Discuss the following: · What expenses will you cut? Justify the cuts you choose. · Describe how these cuts will affect patient-centered care. o Include both positive and negative effects. Provide at least 1 reference for this discussion. 3. Analyze the Basics of Financial Principles You are the chief financial officer (CFO) for an organization and need to discuss with fellow C-suite executives that cost cutting is not the only answer to profitability. Prepare for the next manager’s meeting by responding to the following prompts: · Explain how a capital budget and a return on investment contribute to sustainable growth. · Clarify the role that risk analysis plays during capital investment decision making. Provide 1 reference that discusses cost containment and patient care. -research paper writing service