assessment 2 5
Assessment #2: Health Care Financial Concepts Paper Requirements
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
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