Assignment:
QUESTION 1. You just started your new job as a Health Services Manager at a local hospital. The CEO wants your opinion on the advantages and disadvantages of various third-party reimbursement arrangements with respect to revenues and provider incentives. Pick one of the reimbursement arrangements discussed in this reading, explain how it works, and discuss ONE advantage and ONE disadvantage.
1) Fundamentals of Healthcare Financial Management: A Practical Guide to Fiscal Issues and Activities by Steven Berger.
2) Managerial Accounting (Saylor) Chapter: Key Finance and Accounting Personnel
3) Principles of Healthcare Reimbursement
"Health Care Payment Reform: Strengths and Weaknesses of 9 Methods for Provider Reimbursement"
4) "Medicaid Delivery System and Payment Reform: A Guide to Key Terms and Concepts"
5) Forms of Business Organization
6) The Pros and Cons of Corporations, LLC, Partnerships and Sole Proprietorship
7) Major challenges confronting hospitals
8) Beginner's Guide to Financial Statements
QUESTION 2. What is the revenue recognition principle?
1) Introduction to Financial Accounting (Dauderis and Annand, 2014A)
Chapter: The Accounting Process
2) Introduction to Financial Accounting (Dauderis and Annand, 2014A)
Chapter: The Operating Cycle
3) Small Business Management in 21st Century (Saylor Academy, 2012)
Chapter: Understanding the Need for Accounting