02 Oct
40539Preparing for the annual healthcare facility audit is a major undertaking. It consumes a considerable portion of the CFO’s time and energy each year. Review the items presented in Exhibit 1.3 of your textbook, and consider which of these areas might be most susceptible to adjustments by the auditors. What can the facility’s management team do to reduce audit adjustments in these areas?
Your response must be at least 200 words in length.
The demand for healthcare administrators has gone up substantially over recent decades, as has the salary range for the position. The job of managing healthcare facilities has become more challenging and more important than ever before. How would you describe the dual purpose of financial management in health care today?
Your response must be at least 200 words in length.
It is important to understand the annual calendar of healthcare finance. Truly, everything that happens in this field is an annual cycle. Describe how healthcare managers begin to operate within this annual cycle, living within the finance committee and board of directors’ calendar.
Your response must be at least 200 words in length.
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.
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