HCA340 Week3 DQ2 Managing Financial Budgets
Managing Financial Budgets. Health care financial management is complex and an effective health care administrator must understand what makes up the foundation to financial operations. This includes: health insurance (private and social) and reimbursements, private vs. not-for profit entities, costs and expenditures, capital, materials management, and budgeting. 1. Outline and discuss the major categories of reimbursements and costs in a health care organization. How do they influence each other? 2. In addition, how do expenses and revenues affect the specific types of budgets outlined?