Explain steps of cash conversion cycle for hospital

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Reference no: EM1350584

The cycle in a hospital from admission to collection of the billing can be broken down into the following phases: cash, purchase of resources, availability of resources, patient treatment, patient release, billing, receivables and collection. Explain these phases and what management can do to help shorten the overall time it takes to complete the cash conversion cycle.

Reference no: EM1350584

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