Describe how you can apply the financial concepts

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Reference no: EM132155071 , Length: 3

Health Care Financial Concepts Paper Requirements

From the list of financial concepts, pick 1-2 financial concepts.

Search for a healthcare finance related article on the concepts.

In a 3-5 page paper, describe how you can apply the 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:

Revenues or revenue cycle

Fixed and variable costs

GAAP

Contribution margin

Breakeven Analysis

Capitation

Income statements

Balance sheets

Cost value analysis

Cost allocation methods

Auditing process

General knowledge of health care laws and regulations

Time value of money

Financial statement analysis

Cost of capital

Financial risk

Insurance and risk

Ratio analysis

Analytics

Budgeting (operational and capital)

Forecasting

Lease financing

Cost control

Benchmarks

HIPAA privacy act

Affordable Care Act (ACA)

JCAHO

ICD-10

Profit vs. non-profit

Best practices

Compliance

Be sure to include the following:

Provide a summary of the article (must be healthcare related). Articles should be within the last 5-10 years for current articles.

Provide an explanation of the financial concept(s) found in the article.

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)*.

Include the source of the article in the paper and include another source above the current article (a minimum of 2 sources are required).

It would be feasible to find the financial statements of your current health care organization or the health care organization of your choice. Include an explanation of what these concept(s) mean in the context of the organization's financial performance.

Reference no: EM132155071

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