Answer the following questions related to Healthcare Finance

  • For all 4 questions 300 words minimum. At least 1 source, stick to recent sources, Cite all in-text and support. APA style, the source used for each question below the answer.
  • In recent years, the healthcare industry has experienced significant turmoil in the certainty of revenue and access to capital markets. However, the need to update equipment, expand and contract service offerings, and to more effectively meet the needs of the local patient population has only intensified. These phenomena have underscored the need for flexibility in the procurement process—to include property, equipment, and personnel.
    For this discussion, do the following:

Locate at least one online resource (a link, article, or book, for example) pertaining to lease versus buy analyses in general or within the healthcare industry.

In your discussion, examine the content and then share the resource (post your resource and use APA style). Summarize the resource(s) and what you find useful about it.

2. The revenue cycle in the healthcare industry is unique considering the interaction between provider, payer, and patient. Add on top of this the ongoing confluence of factors surrounding the transition to ICD-10, price transparency, consumerism, and various reimbursement structures (e.g., fee for service (FFS), bundled payments, value based purchasing, risk based/capitated) and you have an extremely complicated revenue model. On the flip side of this coin, we also contend with a robust procurement chain with hundreds of thousands of end items required to service any modern acute care facility.
Locate at least one online resource (a link, article, or book, for example) pertaining to the healthcare revenue cycle or working capital management process.

In your discussion, examine the content and then share the resource (post your resource and use APA style). Summarize the resource(s) and what you find useful about it.

3. The income statement, balance sheet, and statement of cash flows are three major financial statements that present varying snapshots of an organization’s financial position.
Locate an online resource (a link, article, or book, for example) pertaining to the financial statements and financial ratios and/or how either of these concepts is being used within the healthcare industry.

In your discussion, examine the content and then share the resource (post your resource and use APA style). Summarize the resource(s) and what you find useful about it.

4. For your discussion question this week, you get to be the predictive expert. Conduct research and use it to defend your predictions about the healthcare industry. What do you think are going to be the most pressing trends for the success of healthcare organizations in the context of financial sustainability?

Name 3-4 key trends. Explain why you think they are vital and how the industry will be changed by these.


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