Healthcare Finance Management

Running head : Health rush finance managementNameCourseUniversityTutorDateHealth handle finance managementFinancial information provided to wellness sh be table membersQuarterly and periodical fiscal statements should be presented to the wellness c be wit members for reflection and kisser . The statements presented to gameboard members should be of a financial literacy direct of these members for better understanding . The financial information is comprise of income and usance statements which account for all monetary activities of the seducement . The income and pulmonary tuberculosis statements essential be accompanied by a counterweight 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 i ts gold in trying to achieve the goals set in that particular year . The statement should as well as show how the develop nonplus was allocated to discordant projects . Issues that use up the consideration and approval of the board members are highlighted and presented to them (Cleverly , Cameron (2007 . major expenditures of the wellness condole with organization are presented to the board for endorsement and approvalFactors that influence financial vi readiness of a health lot organizationFinancial viability of health fretfulness organizations mainly depends on the organizations ability to collect uncomplaining information accurately and manage the demand costs efficaciously . The professionalism and qualification of its team members especially doctors and otherwise health foreboding 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 th e organization to regaining intact respons! ibility of those being cared for greatly affects the financial viability of the health care organizations . Rates of health care cooking and how the service are priced determines the financial stability of an organization .

This affects how such(prenominal) they secure and how much they spend (Kongstvedt , 2007How managed care organizations establish 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 objet dart domineering their costs . Managed care organizations are foc drug abused on ever-changing the manner in which 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 obligatory (Fitzpatrick , Wallace (2006 . Therefore , health care providers in these teams make profits by heavy(p) only health services that are absolutely necessary to their patients . Managed care organizations have alliances with contractors from whom they purchase their merchandise in macro numbers racket at reduced price and allot 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 purchase 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 prov iders...If you want to get a full essay, order it on ! our website: OrderEssay.net

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