What is a healthcare finance? Through reading chapter one we can understand that healthcare finance is depending upon the terms, which has been made by the policy maker, manger, educator, or influencer from different types of organizations. The basic purpose of healthcare finance is to serve the accounting and financial management functions. The importance of healthcare finance is to provide health services through planning, organizing, acquiring and using the resources to enhance the effectiveness of the organization. The importance is of financial services that are based on 4 Cs known as costs, cash, capital and control. Also, the chapter explains the importance of health services settings, legal issues, regulatory issues and current challenges faced by healthcare managers.
Chapter two is about basics of doing healthcare business. Explaining the concept behind business i.e. capital investment, assets, funds, and selling of products and services. Further, this chapter describes the legal forms of business that include proprietorship, partnership, corporation and hybrid by providing the advantages and disadvantages of such terms that are affiliated with the legal business terms. Also, through reading this chapter we can understand the organizational goals based on profit and non-profit corporations. Through it, we are able to understand the importance of stakeholders who have bigger interest in financial elements of the business. Moreover, legal financial terms are also explained through the chapter relating to the personal tax, corporate tax and tax laws.
After reading the chapter three we come to know all the basic concepts that are affecting the paying services in the healthcare business. These concepts have based on insurance, adverse selection, underwriting provisions, moral hazard, third party payers, medical reimbursement, healthcare reforms and risk management that are explained through this chapter.
The pricing decisions and profit analysis is explained in the chapter five. The financial formulas for calculating marginal and full cost pricing are explained in the chapter. Also, effective and valuable knowledge is provided that is relating to the pricing strategies, target costing, profit analysis, breakeven analysis, future forecast through making a Profit and Loss Statement.
While reading chapter six and seven, we are able to understand the importance of budgeting and planning as well as ways to manage financial operations. By defining steps to implement strategic, operating or a long term plan procedure. Whereas, chapter seven defines the financial operations, procedure of revenue cycle, managing receivables and calculating accumulation and carrying cost of receivables by providing detail information about the basic financial strategies and its importance towards the healthcare business.
Whereas chapter eight, nine, eleven, twelve and thirteen are describing cost management and financial operations. How to calculate cost of capital? By explaining the benefits of using right strategy when it comes to decision making involving the investment in the business and make profitable benefit for the corporation. Although, these chapters have defined the ways of using an accurate strategy towards the both aspects of finance and investment towards your own business. Also, ways of calculating and knowing the revenues, expenses, non-operating income, net income and operating income of your business is explained in the great detail.
Also, these chapters explain about how you can organize your financial things. These financial things can be assembled through making Balance Sheets based on assets, liabilities and equity with the statement of cash flows. These chapters summarizes the steps of creating a financial report of your business progress based on profit and loss for the year ended.
Good Example Of Summarize Essay
Cite this page
Choose cite format:
- APA
- MLA
- Harvard
- Vancouver
- Chicago
- ASA
- IEEE
- AMA
WowEssays. (2020, March, 02) Good Example Of Summarize Essay. Retrieved January 21, 2021, from https://www.wowessays.com/free-samples/good-example-of-summarize-essay/
"Good Example Of Summarize Essay." WowEssays, 02 Mar. 2020, https://www.wowessays.com/free-samples/good-example-of-summarize-essay/. Accessed 21 January 2021.
WowEssays. 2020. Good Example Of Summarize Essay., viewed January 21 2021, <https://www.wowessays.com/free-samples/good-example-of-summarize-essay/>
WowEssays. Good Example Of Summarize Essay. [Internet]. March 2020. [Accessed January 21, 2021]. Available from: https://www.wowessays.com/free-samples/good-example-of-summarize-essay/
"Good Example Of Summarize Essay." WowEssays, Mar 02, 2020. Accessed January 21, 2021. https://www.wowessays.com/free-samples/good-example-of-summarize-essay/
WowEssays. 2020. "Good Example Of Summarize Essay." Free Essay Examples - WowEssays.com. Retrieved January 21, 2021. (https://www.wowessays.com/free-samples/good-example-of-summarize-essay/).
"Good Example Of Summarize Essay," Free Essay Examples - WowEssays.com, 02-Mar-2020. [Online]. Available: https://www.wowessays.com/free-samples/good-example-of-summarize-essay/. [Accessed: 21-Jan-2021].
Good Example Of Summarize Essay. Free Essay Examples - WowEssays.com. https://www.wowessays.com/free-samples/good-example-of-summarize-essay/. Published Mar 02, 2020. Accessed January 21, 2021.
Copy
Our services
- Free Essay Writer
- Buy Custom Essays Online
- College Admission Essay Writing Service
- Term Paper Writing Help
- Write My Book Report For Me
- Scholarship Essay Writing Help
- Personal Statement Writing Service
- College Essay Writing Services
- Buying College Essays
- Research Paper Help Online
- Write My Research Papers
- College Essay Writing Help
- Research Paper Writer Services
- Term Paper Service
- Buy Term Paper Online
- Write My College Essay For Me
- Buying Research Paper Online
- Pay Someone To Write My Research Paper
- Help With Personal Statement
- Buy Personal Statement Online
- Do My Term Paper For Me
- Write My Personal Statement For Me
- Cheap Research Papers
- Buying College Research Papers
- Custom Research Papers
- Custom Term Paper Writing Service
- Research Papers For Sale
- Term Papers For Sale Online
- College Paper Writing Services
- Pay For Essays Online
- Buy College Papers
- Custom College Papers Online
- Write My Essay For Me
- Essay Helper Online
- Custom Essay Writer
- Case Study Writing Help
- Buy An Essay Online
Related Topics
-
United States Essay
-
Entrepreneurship Essay
-
Business Essay
-
Hotels Essay
-
Hospitality Essay
-
War Essay
-
Women Essay
-
Management Essay
-
Christians Essay
-
Church Essay
-
Marketing Essay
-
Company Essay
-
Money Essay
-
Development Essay
-
Family Essay
-
Depression Essay
-
Life Essay
-
Industry Essay
-
Parents Essay
-
Banking Essay
-
Food Essay
Types of College Essays
- Taxes College Essays
- Business College Essays
- Health College Essays
- Services College Essays
- Finance College Essays
- Investment College Essays
- Commerce College Essays
- Health Care College Essays
- Healthcare College Essays
- Profit College Essays
- Importance College Essays
- Reading College Essays
- Cost College Essays
- Law College Essays
- Strategy College Essays
- Criminal Justice College Essays
- Pricing College Essays
- Capital College Essays
- Income College Essays
- Management College Essays
- Entrepreneurship College Essays