Healthcare Financial Management
healthcare finance - ANS-practice of finance in health service organizations, including accounting and financial management role of finance - ANS-plan for, acquire, and utilize resources to maximize efficiency four Cs of finance - ANS-costs, cash, capital, control proprietorship & partnerships - ANS-easy to form, few regulations, no corporate income taxes limited life, difficult to transfer ownership, unlimited liability corporation - ANS-unlimited life, easy to transfer ownership, limited liability cost of formation and reporting, double taxation Limited partnership - ANS-general partners have control, limited partners are liable only for their initial contribution LLP - ANS-partners only liable for their own malpractice legal structure - ANS-government owned (24%) Not-for-profit (61%) Investor owned (15.2%) federal (5%) organization goals - ANS-for profit is to maximize shareholder wealth not for profit is expressed in a mission statement, in terms of service to community tax benefit of 501c3 - ANS-not subject to taxation, can issue tax exempt bonds, can receive tax exempt contributions Fee for service - ANS-payment tied to amount of services -cost based -charge based -prospective payment cost based reimbursement - ANS-pay all allowable costs incurred in providing services -minimal provider risk CONTINUES...
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- Uploaded on
- February 13, 2023
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- 3
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- 2022/2023
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- Exam (elaborations)
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