Effective Financial Policies and Procedures Checkpoint

Effective Financial Policies and Procedures Checkpoint -...

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Effective Financial Policies and Procedures Checkpoint Jennifer Whitesell HCR230/Instructor Jetonga Keel
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Medical facilities must ensure that they have procedures in place that protect not only their current assets, but their future assets as well. This comes in the form of sound financial planning for any kind of organization. The medical field must include many factors in a financial policy to ensure it is effective otherwise it could mean harsh consequences for an organization. In this presentation I will present what is needed, what can happen, and tools that can be used in such financial matters for a medical facility. Fincancial policies are put in place to ensure that services, and the cost incurred will be paid back to the facility. Financial policies are needed so facilities can be reimbursed for servcies renderred. The basic elements to a financial policy is just that a policy. In a facility there should be posted financial policies that explain how services are expected to be paid for
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This note was uploaded on 05/15/2011 for the course HCA 230 taught by Professor Health during the Spring '02 term at University of Phoenix.

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Effective Financial Policies and Procedures Checkpoint -...

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