Unit 1 Assessment - Financial Management in Health Care Organizations

Question 1

An essential aspect of healthcare financial management for any medical facility is the year-end closing. What are the primary accounts that must be addressed in the year-end closing process? List these accounts, and briefly describe the procedure for each.

Your response must be at least 200 words in length.

 

 

Question 2

Anyone involved with American health care probably knows that our spending is out of control. We experience far greater medical spending than any other nation. Just how much do we spend on health care in America, and what are we spending all of that money on? Provide specific examples of the types of healthcare spending and amounts of spending based on the most current data in your textbook.

Your response must be at least 200 words in length.


 

Question 3

Consider the big picture of our American economy with health care being an important part of it. How does the large share of American gross domestic product (GDP) that we spend on health care each year impact our nation’s economy overall? What other areas of our economy may currently be suffering because of so much medical spending? In your view, can America continue to spend this much money on health care without sacrificing the quality of American life in other areas? Why or why not? Please support your position.

Your response must be at least 200 words in length.

 

 

Question 4

Consider the Ridgeland Heights Medical Center (RHMC) actions presented on pages 11 and 12 of your textbook. The medical center is trying to counter a dwindling inpatient census at the facility. What do you think of the three strategies proposed here? Can you think of any other strategies that RHMC should consider here?

Your response must be at least 200 words in length.

Field of study: 
Date Due: 
Saturday, November 13, 2021
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