Financial operations of the organization


Discuss the below:

As the largest third-party payer in the United States, CMS (Centers for Medicare and Medicaid Services) has a broad, often unspoken influence over many aspects of a health care organization's decisions and daily activities. In addition, there are external forces that affect the operations of health care organizations such as accreditors, managed care organizations, and so on.

• Using the library to support your thoughts, create a memo of 400-600 words to the organization's leaders explaining CMS's influence on the organization.

o Give examples. Examples should include how a decision to pick an electronic medical record (EMR) for use in the facility and how much to charge for a service might be influenced by CMS.

• Identify at least 1 external force and how you believe it influences decisions at health care facilities.

• How do the government agencies and external forces affect the financial operations of the organization?

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Finance Basics: Financial operations of the organization
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