Healthcare Finance Management

Running head : Health rush finance managementNameCourseUniversityTutorDateHealth love finance managementFinancial information provided to wellness sh be gore membersQuarterly and periodical fiscal statements should be presented to the wellness c argon wag members for reflection and kisser . The statements presented to visiting card members should be of a financial literacy direct of these members for better understanding . The financial information is make up of income and usance statements which account for all monetary activities of the memorial tablet . The income and economic consumption statements essential be accompanied by a ease planing machine which acts as evidence of the given statements . Information presented to the board members must indicate whether the organization has under spent or overspent its gold in trying to achieve the goals set in that particular year . The statement should similarly show how the develop nonplus was allocated to discordant projects . Issues that contend the consideration and approval of the board members are highlighted and presented to them (Cleverly , Cameron (2007 . major expenditures of the health condole with organization are presented to the board for endorsement and approvalFactors that influence financial vi top executive of a health lot organizationFinancial viability of health fretfulness organizations mainly depends on the organizations ability to collect uncomplaining information accurately and manage the necessity costs efficaciously . The professionalism and qualification of its team members especially doctors and other(a) health supervise providers affect the financial viability of the organization depending on the manner in which they practice . The insurance coverages provided to patients and the responsibility of t he organization to regaining intact respon! sibility of those being cared for greatly affects the financial viability of the health care organizations . Rates of health care supply and how the run are priced determines the financial stability of an organization .

This affects how such(prenominal) they recognize and how much they spend (Kongstvedt , 2007How managed care organizations strand their pricesManaged care is programs managed by organizations that take full financial responsibility and risks for the care managed . Managed care involves organise and channeling health services to achieve desired outcomes period domineering their costs . Managed care organizations are foc social functiond on ever-changing the manner in w hich health care services are provided by changing the type of incentives used in the health care system . Managed care organizations advocate for use of health care still when needed (Fitzpatrick , Wallace (2006 . Therefore , health care providers in these teams make profits by freehanded only health services that are absolutely necessary to their patients . Managed care organizations have alliances with contractors from whom they purchase their merchandise in big(a) numbers racket at reduced price and convey them to retailers at degrade prices . Techniques used by managed care organizations to establish their prices include undertake businesses with only providers who offer them discount when get their goods . Managed care organizations oversee the use of basic services by the providers of health care and prevent excessive usage (Wolper (2004 . They also restrict the use of drugs and tests to only when it s absolutely necessary . The organizations require their providers. ..If you want to get a full essay, order it on our we! bsite: OrderEssay.net

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