Gapenski, L.C. (2008). Cases in healthcare finance (4nd ed.). Chicago: Health Administration Press. Introduction: HCA545, Health Care Finance, addresses financial management concepts and practices and the basic economic models in health care organizations through principles of accounting and finance that have particular relevance to the health care manager. Assessing the financial and managerial situation presented in the two linked case studies, Case 1: Riverview Community Hospital (A) Assessing Hospital Performance, and Case 29: Riverview Community Hospital (B) Financial Forecasting, provides you with an opportunity to apply the knowledge and skills acquired through the readings, assignments and discussion topics. The cases give you the opportunity to analyze the impact of managed care on financial performance, better understand the financial pressures that health care organizations face, and the importance of updating financial statements and projections as circumstances change. As in the real world of management, assumptions must be made based on incomplete information. This research project requires you to make educated assumptions upon which to base recommendations.Document Preview:
Gapenski, L.C. (2008). Cases in healthcare finance (4nd ed.). Chicago: Health Administration Press. Introduction:HCA545, Health Care Finance, addresses financial management concepts and practices and the basic economic models in health care organizations through principles of accounting and finance that have particular relevance to the health care manager.Assessing the financial and managerial situation presented in the two linked case studies, Case 1: Riverview Community Hospital (A) Assessing Hospital Performance, and Case 29: Riverview Community Hospital (B) Financial Forecasting, provides you with an opportunity to apply the knowledge and skills acquired through the readings, assignments and discussion topics. The cases give you the opportunity to analyze the impact of managed care on financial performance, better understand the financial pressures that health care organizations face, and the importance of updating financial statements and projections as circumstances change.As in the real world of management, assumptions must be made based on incomplete information. This research project requires you to make educated assumptions upon which to base recommendations.Targeted Challenge:As a major assignment in Healthcare Finance, you are asked to assess the financial and operational performance of Riverview Community Hospital, make assumptions based on the best available information, and prepare and then update a preliminary five-year financial plan. The two cases are comprehensive as they apply to health care finance, including assessing:the hospitals annual economic value added performanceimpact of cost of capital, managed care reimbursementand the need to revise and update financial projections and plans as situations change. Understanding the components and use of spreadsheets, which are important and frequently used tools in health care management, provides you with important skills required for advancement in this dynamic field.Project…
