Medicaid and Medicare
You must reply to at least two different peers per prompt. Your replies should build on the concept discussed, offer a question to consider, or add a differing perspective, etc. Rather than responding with, “Good post,” explain why the post is “good” (why it is important, useful, insightful, etc.). Or, if you disagree, respectfully share your alternative perspective. Just saying “I agree” or “Good idea” is not sufficient for the posts you would like graded.
Kaufman, K. (2006). Best Practice Financial Management, Six Key Concepts for Healthcare Leaders (3rd Ed). Chicago, IL: Health Administration Press. ISBN: 978-1-56793-259-1 Nowicki, M. (2011). Introduction to the Financial Management of Hospitals and Healthcare Organizations (5th E). Chicago, IL: Health Administration Press. ISBN: 978-1-56793-412-0
Kaufman, K. (2006). Best Practice Financial Management, Six Key Concepts for Healthcare Leaders (3rd Ed). Chicago, IL: Health Administration Press. ISBN: 978-1-56793-259-1 Nowicki, M. (2011). Introduction to the Financial Management of Hospitals and Healthcare Organizations (5th E). Chicago, IL: Health Administration Press. ISBN: 978-1-56793-412-0
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As post 2 indicates as the major challenge in financial planning are cash, debt, profitability targets and uncertainty in the economy, this is true. Economic recession, Medicaid and Medicare reimbursement declines among other factors have made hospitals change their approach to budgets. Hospitals have to remain competitive regardless of restrictions from Medicaid and Medicare together with a remaining a competitive consumer focused environment.
Hospitals need to generate margins to keep pace with technology. It is……………
CHICAGO
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