Explain the benefits of the program for both patients and health care organizations.

INTRODUCTIONNOTE: THE ASSESSMENTS IN THIS COURSE BUILD UPON EACH OTHER, SO YOU ARE STRONGLY ENCOURAGED TO COMPLETE THEM IN SEQUENCE.SUSTAINABLE HEALTH CARE ORGANIZATIONS ARE CHARGED WITH BALANCING CLINICAL AND FISCAL FACETS OF THE OPERATION. IT HAS BECOME INCREASINGLY IMPORTANT FOR HEALTH CARE LEADERS AT ALL LEVELS WITHIN AN ORGANIZATION TO BECOME COMFORTABLE WITH FINANCIAL STATEMENTS AND BASIC ACCOUNTING PRINCIPLES. AS AN EARLY CAREERIST, YOU MAY BE INVOLVED IN CONVERSATIONS TO EVALUATE EXISTING AND NEW HEALTH CARE SERVICE LINES. YOU MAY BE ASKED TO PARTICIPATE IN VARIOUS FINANCIAL ACTIVITIES SUCH AS TEAM BUDGETING ACTIVITIES, DEVELOPING A DEPARTMENTAL BUDGET, OR CONTRIBUTING TO STRATEGIC PLANNING OR FINANCE DEPARTMENT MEETINGS. AS A MID OR ADVANCED CAREERIST, YOU MAY BE EVALUATING HIGHER-LEVEL ORGANIZATION FINANCING OPTIONS, DETERMINING CASH FLOW NEEDS, OR PERHAPS PRESENTING FINANCIAL INFORMATION TO THE CEO AND BOARD.REGARDLESS OF YOUR POSITION WITHIN THE ORGANIZATION, A BASIC UNDERSTANDING OF HEALTH CARE FINANCE IS A CRITICAL SUCCESS FACTOR FOR EFFECTIVE AND RESPONSIBLE HEALTH CARE LEADERSHIP.TO DEEPEN YOUR UNDERSTANDING, YOU ARE ENCOURAGED TO CONSIDER THE QUESTIONS BELOW AND DISCUSS THEM WITH A FELLOW LEARNER, A WORK ASSOCIATE, AN INTERESTED FRIEND, OR A MEMBER OF YOUR PROFESSIONAL COMMUNITY.

• What types of accounting are you familiar with? How have you used it or seen it used?
• How can you use knowledge of revenue sources to help in financial forecasting? 

REQUIREMENTSWRITE A 45-MINUTE LECTURE PLAN FOR AN INTRODUCTORY HEALTH CARE FINANCE CLASS. (YOU WILL NOT BE EVALUATED ON WHETHER YOUR LECTURE PLAN IS ACTUALLY 45 MINUTES IN LENGTH.) THE THREE TYPES OF REVENUE SOURCES YOU WILL COVER ARE THE FOLLOWING:

• Medicaid.
• Medicare.
• Managed Care.For each of the revenue sources, you must do the following:
• Explain the purpose of the program.
• Analyze the process of reimbursement for health care organizations.
  • What steps must be taken in order to receive reimbursement for services?
  • How complicated is each step?
  • What kind of information is required from the organization?
  • How long does it take to receive reimbursement?
• Explain the benefits of the program for both patients and health care organizations. 

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