HOW WOULD YOU DESCRIBE THE DUAL PURPOSE OF FINANCIAL MANAGEMENT IN HEALTH CARE TODAY?
1. The demand for healthcare administrators has gone up substantially over recent decades, as has the salary range for the position. The job of managing healthcare facilities has become more challenging and more important than ever before. How would you describe the dual purpose of financial management in health care today?
Your response must be at least 200 words in length.
2. Consider the Ridgeland Heights Medical Center (RHMC) actions presented on pages 11 and 12 of your textbook. The medical center is trying to counter a dwindling inpatient census at the facility. What do you think of the three strategies proposed here? Can you think of any other strategies that RHMC should consider here?
Your response must be at least 200 words in length.
3.Consider the big picture of our American economy with health care being an important part of it. How does the large share of American gross domestic product (GDP) that we spend on health care each year impact our nation’s economy overall? What other areas of our economy may currently be suffering because of so much medical spending? In your view, can America continue to spend this much money on health care without sacrificing the quality of American life in other areas? Why or why not? Please support your position.
Your response must be at least 200 words in length.
4. Preparing for the annual healthcare facility audit is a major undertaking. It consumes a considerable portion of the CFO’s time and energy each year.
Review the items presented in Exhibit
1.3 of your textbook, and consider which of these areas might be most susceptible to adjustments by the auditors. What can the facility’s management team do to reduce audit adjustments in these areas?
Your response must be at least 200 words in length.
Berger, S. (2014). Fundamentals of health care financial management: A practical guide to fiscal issues and activities (4th ed.). San Francisco, CA: Jossey-Bass.
