You have been promoted to a member of the management team in Krona's financial department. You have hired a new staff member who will assist you in preparing materials for the next Board of Directors meeting, in which the annual financial reports will be presented. Complete the following:
Prepare an Executive Summary to the next Board of Director Meeting on one of the following topics:
- Discuss why a service line of your choice should be discontinued due to reimbursement and current demographic trend in your area.
- Discuss why a service line should be implemented to increase revenue based on reimbursement changes and current demographic trend in your area.
- Discuss why expansion of outpatient services will improve revenue in the current Accountable Care Organization or Value Based Service models delineated by CMS.