Health Care Finance Paper Assignment
Healthcare Finance Assignment Student Professor Course Date Healthcare Finance Assignment Healthcare executives deal with several major areas of financial decision-making. They deal with capital structures, capital decision-making, management control, and budgeting systems amongst other areas. They also have to minimize expenses and implement strategies that can help increase revenue for more profit and the healthcare organization’s long-term survival. In this paper, I will begin by discussing how primary care physician offices can increase their revenues. I will then discuss what an insurance company can do to reduce payments for healthcare benefits and cut costs and address the nature of and differences between a flexible budget and a forecast budget. Health Care Finance Paper Assignment
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I will then determine whether an organization be efficient but not effective and culminate the paper by discussing the effects of failing to track projected results against actual results. Budgets begin with expected revenues. Discuss ways that primary care physician offices or medical groups (choose one) can increase their revenues. Primary care physician offices can increase their revenues through price setting, billing or coding management, and payer contract negotiation. When it comes to pricing, Cleverley and Cleverley (2018) noted that long-term continuation of inadequate pricing usually results in lost revenue and eventually business termination. Health Care Finance Paper Assignment