Decision-making is an essential component of our jobs as financial managers. Decision making is when the financial administrator creates selections between obtainable options. Decision-making transpires comparable to planning, forming, and regulatory.
Are there any other types of information besides financial that may be useful in making financial decisions? What comments do you have?
our focus will be on “Reimbursement and Payment Determination”. Healthcare providers are responsible for revenue collection, laws and regulations addressing patient billing, cost reporting, physician transactions, occupational health and safety, and fair labor standards. In doing so, providers have several avenues for generating funds to remain financially liquid throughout the year.
Discuss the major reimbursement methods used in health care. What comments do you have?