Factors to be considered when examining organizational finances and making decisions that have long-term effects on a medical practice.
There are many Factors to be considered when examining organizational finances and making decisions that have long-term effects on a medical practice.
In healthcare organizations, there are multiple payers that influence reimbursement. There are external agencies such as the federal or state government, which may set rate limits that impact revenues, and there are outside forces such as marketing structure and competition that influence pricing of healthcare services.
Managers who oversee budgets and help to make financial decisions need an overall understanding of the forces shaping this environment.
Read the attached “Financial Resource Management and Healthcare Reimbursement.” For this task, you will act in the role of the manager as you consider how to develop a financial plan for the clinic for the upcoming fiscal year, including projections for the future.
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