1.What is the definition of account receivable? What are
some primary reasons patients are sometimes not billed
in a timely manner?
Account receivable is the largest current asset and
deserves special attention. Three factors set the
healthcare industry a
1.Explain the rationale for granting organizations tax-exempt status.
Relieves the government of the burden of having to provide the service
Rewards organizations for providing services that
enhance community values and goals.
I have selected following three Hospital
National average payment for heart failure patients is $15,223
1.ST JOSHEPH MERCY HOSPITAL ANN ARBORPayment for heart failure
patients greater than the national average payment.
2. GARDEN CITY HOSPITAL GARDN CITYPa
Assignment 4 - Chapter 14 Financial Analysis1.Explain the steps in financial analysis at
the organizational level.
Financial analysis includes the following three steps1. Establish the facts about the
organization.2. Compare the facts about the
1.What is the definition of budgeting?
Budgeting is the process of converting the operating plan into monetary terms.
3. Explain the different management approaches to budgeting.
Budgets can be classified by management approach, either with top
value resides at the intersection of a purchasers perception of the quality
of a good or service and the amount he or she is willing to pay for that
good or service. Value, in other words, is a concept of relative worth. It is a
function of quality
HS 540 Health Care Finance Final Project (Riverview Community Hospital) Presentation Rubric
Strong introduction and closing (5)
Shows outstanding evidence of
Closing included recommendations
the hospital should follow (5)
3. Prioritize the major objectives of healthcare financial management.
Respond to Regulation
Facilitate Relationships with Third-Party Payers
Influence Method and Amount of Payment
Protect Tax Status
1. Why is it important for the healthcare manager to be able to classify costs a variety of different
The goal of cost accounting is to advise the management on the most appropriate course of
action based on the cost efficiency and capabil