Assessment #2: Health Care Financial Concepts Paper Requirements

From the list of financial concepts, pick only 1-2 financial concepts to discuss.

Search for a healthcare finance related article on the concepts.

In a 3-5 page paper, describe how you can apply the selected financial concepts from the article to your current health care organization or a health care organization of your choice.

Some examples of financial concepts are:

• Revenues or revenue cycle
• Fixed and variable costs
• GAAP
• Contribution margin
• Breakeven Analysis
• Capitation
• Income statements
• Balance sheets
• Cost value analysis
• Cost allocation methods
• Auditing process
• General knowledge of health care laws and regulations
• Time value of money
• Financial statement analysis
• Cost of capital
• Financial risk
• Insurance and risk
• Ratio analysis
• Analytics
• Budgeting (operational and capital)
• Forecasting
• Lease financing
• Cost control
• Benchmarks
• HIPAA privacy act
• Affordable Care Act (ACA)
• JCAHO
• ICD-10
• Profit vs. non-profit
• Best practices
• Compliance