Assignment: Health Care Financial Concepts Paper Requirements
From the list of financial concepts, pick only 1-2 financial concepts to discuss.
Search for a healthcare finance related article on the concepts.
In a 3 to 5 pages paper, 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.
Some examples of financial concepts are:
i. Revenues or revenue cycle
ii. Fixed and variable costs
iii. GAAP
iv. Contribution margin
v. Breakeven Analysis
vi. Capitation
vii. Income statements
viii. Balance sheets
ix. Cost value analysis
x. Cost allocation methods
xi. Auditing process
xii. General knowledge of health care laws and regulations
xiii. Time value of money
xiv. Financial statement analysis
xv. Cost of capital
xvi. Financial risk
xvii. Insurance and risk
xviii. Ratio analysis
xix. Analytics
xx. Budgeting (operational and capital)
xxi. Forecasting
xxii. Lease financing
xxiii. Cost control
xxiv. Benchmarks
xxv. HIPAA privacy act
xxvi. Affordable Care Act (ACA)
xxvii. JCAHO
xxviii. ICD-10
xxix. Profit vs. non-profit
xxx. Best practices
xxxi. Compliance
Be sure to include the following:
i. Provide a summary of the article (must be healthcare related). Articles should be within the last 5-10 years for current articles.
ii. Provide an explanation of the financial concept(s) found in the article.
iii. 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).
iv. Include the source of the article in the paper and include another source above the current article (a minimum of 2 sources are required).
Format your assignment according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.