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Utah Chapter January 24th 2020
Utah Chapter January 24 th 2020 FINANCE DATA FOR ORGANIZATION - - PowerPoint PPT Presentation
Utah Chapter January 24 th 2020 FINANCE DATA FOR ORGANIZATION - - PowerPoint PPT Presentation
Utah Chapter January 24 th 2020 FINANCE DATA FOR ORGANIZATION DECISION MAKING Larry Hancock University of Utah, MHA Program Professor, Director of Employer Networking Recent surveys of healthcare executives confirm that healthcare mangers
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ORGANIZATIONAL CONCERN
ACHE Main Concerns HFMA Main Concerns
MEDICARE & MEDICAID
BAD DEBT/CHARITY ACCESS TO CAPITAL BALANCING FINANCE & QUALTIY REVENUE CYCLE
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2 Broad Areas of Healthcare Finance
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2 Broad Areas of Healthcare Finance
- Recording and
reporting of economic events in dollars
FINANCIAL ACCOUNTING
- Theories, concepts, and
tools to help managers make decisions
FINANCIAL MANAGEMENT
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2 Broad Areas of Healthcare Finance
- Theories, concepts, and
tools to help managers make decisions
FINANCIAL MANAGEMENT
- Recording and reporting
- f economic events in
dollars
FINANCIAL ACCOUNTING
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Who Are the Managers?
ADMINISTRATION DEPARTMENT DIRECTORS & MANAGERS
OTHERS
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Who can help an organization achieve its financial goals?
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What is Healthcare Finance’s Primary Goal?
RESOURCES:
to maximize efficiency and value
- f the organization
PLAN FOR AQUIRE USE
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MAIN FINANCE ACITIVITIES
1 2 3 4
Planning and Budgeting Financial Reporting Capital Investment Decisions Financing Decisions
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7
5 6
Financial Risk Management Revenue Cycle Contract Management
MAIN FINANCE ACITIVITIES
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