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Finances In Healthcare Management Essay Assignment Paper
Finances In Healthcare Management
Write a 4-6 page paper in which you discuss the value of ratio analysis in decision making for health care organizations. Complete the following in your paper:
Discuss the meaning of ratio analysis in healthcare.
Pick one (1) ratio from each major group from the financial statements.
Liquidity ratios (Current ratio, Days Cash-on-Hand, Quick Ratio)
Profitability ratios (ROE, ROA, Total Margin, Operating Margin)
Leverage/Capital Structure Ratios (Debt ratio, Equity ratio, Debt to Equity Ratio)
Nonfinancial Ratios (Occupancy rate, payer mix, ALOS, Expense per discharge, FTE per bed, HMO penetration)
Discuss the ratio and provide examples with calculations
Evaluate the meaning of the calculations related to the financial health of the organization.
Explain the factors that affect the results.
You can also utilize the Help4UHMO Organization financial statements or a real-life health care organization to evaluate by researching their financial statements. You can use the organization from Assessment #2.
Format your paper consistent with APA guidelines.
Throughout this course, you have identified, examined, and provided individual as well as collaborative analysis on multiple facets of risk management in the health care setting.
Addressing the knowledge you have gained, and building on that knowledge to add your evaluation of the role that the managed care organization (MCO) plays in today’s health care environment, develop a 250-500 word reflection to incorporate the following:
What is a health care organization’s administrative role regarding oversight of risk management policies and ensuring compliance with managed care organization (MCOs) standards?
What is your assessment of the value provided to an organization that stems from the regulatory statutes of a typical MCO? Consider the establishment of conflict resolution and risk management strategies within the health care organization from the employer/employee perspective as well as in regards to patient conflict circumstances.
What MCO responsibilities pertain to the Patient Protection and Affordable Care Act (PPACA) and Center for Medicare and Medicaid Services (CMS) focus on fraud, waste, and abuse laws?
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