assess health care policies and regulations and employ best practices to ensure compliance with local, state, and federal laws and to identify opportunities for improved performance

From the list of financial concepts below, pick only 1-2 financial concepts to discuss.

Search for a healthcare finance related article on the concepts.

 

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.  

Please choose from the following financial concepts:

 

• 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
• Affordable Care Act (ACA)
• The Joint Commission
• ICD-10
• Profit vs. non-profit
• Best practices
• Compliance

 Be sure to include the following:

 

1. Provide a summary of the article (must be healthcare related). Articles should be within the last 5 years.
2. Provide an explanation of the financial concept(s) found in the article.
3. Provide an example of how you can apply these financial concept(s) to your current health care organization or to the health care organization of your choice (i.e. John Hopkins Hospital, Mayo Clinic)*.
4. Include the source of the article in the paper and include another source above the current article (a minimum of 2 sources are required).