WEEK 1 MHC6305 Financial Management of Healthcare Organizations DISCUSSION AND PROJECT INSTRUCTIONS

Week 1 will introduce the value of an effective HCO and the role of financial management in healthcare. It will discuss how to offer healthcare, from both the financial and operative perspectives, while maintaining a focus on reimbursements of healthcare services. It will also highlight the usefulness of patients’ medical records that contain information on services provided and of detailed billing processes used to trigger payments and to submit patient-related information to payers under various reimbursement models.
Your Learning Objectives for the Week:

Develop, analyze, and draw conclusions from a healthcare organization’s budget.
Analyze and recommend pricing and negotiation strategies under various models of reimbursement.
Develop and analyze financial plans for operations and capital expenditures.