Please answer questions 1 to 8

References 251 major part of their jobs, it is imperative they avail themselves of this and other 2. Discuss the importance of allocat- iled financial management information ing costs and how it can impact help ensure the financial viability of their managers. 3. anizations. How are health services paid for? All managers employed within the health Provide a definition for the term e arena must continue to monitor the changes "third-party payer," discuss the differ- ing place in health care and, more precisely, ent payers currently operating in the th health care reform. The key to understand- market and assess the importance of each. health care finance is to take the concepts 4. e step at a time until you are able to build Define and give examples (other than from the table in the text) of fixed, em into one cohesive unit of understanding. variable, and semivariable costs, along urthermore, getting involved and applying with examples of ways to control the hat you have learned in the classroom and costs in your examples. rough the textbook is an excellent way to hone 5. Explain why budgets are important to our financial skills. Never pass up the oppor- all organizations. Expand this discus- unity to put your financial skills to work in a sion by illustrating how different types real-world setting, as this is how you will learn of budgets are used. to apply the principles discussed in this chapter. 6. How is working capital important to the health care organization of today? Why is it different in health care as Discussion Questions opposed to other industries? 7. Define the two types of accounting dis- 1. Define health care finance and provide cussed in the chapter and describe who several examples of how it affects the information is prepared for. managers at all levels within the 8. Why is it so important to have accurate organization. medical billing and coding? CASES IN CHAPTER 18 RELATED TO THIS CHAPTER INCLUDE: Plight After Oversight at Community Medical Services We Care Medical Center Keeping the Community Health Center's Doors Open Accessing So onter Patient