Hospital finance basics

    • [PDF File]Introduction to Health care accounting and financial ...

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      Finance has tradi-tionally been thought of as the area of finan-cial management that supervises the acqui-sition and disposition of the organization’s resources, especially cash. 1 Chapter 1 Introduction to Health care accounting and financial Management Accounting and Finance Accounting Finance Financial Accounting Managerial Accounting

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    • [PDF File]Budgeting Basics 101 - Massachusetts General Hospital

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      - The hospital is paid on the basis of total charges, most often some negotiated percentage of total charges, e.g. 80%. - Payment methodology implies few inherent incentive for managing length of stay or utilization - Example: a patient is admitted to The Hospital. Insurance Company C pays 80% of gross charges. All charges for this patient will be

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    • [PDF File]Managed Care 101: Understanding the Basics and ...

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      www.TheSCANFoundation.org TSF Webinar January 8, 2013 Managed Care 101: Understanding the Basics and Opportunities for Partnership Bruce A. Chernof, M.D.

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    • [PDF File]Healthcare finance 101 - MemberClicks

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      BASICS: PRICE AND QUANTITY. EXERCISE #2 • You manage a family planning clinic. You notice ... • Charitable donations for hospital academic and research programs ... HEALTHCARE FINANCE 101 • Non-Salary Expenses • Supplies – includes med/surgical supplies, …

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    • [PDF File]Financial and Grants Management 101 Basics

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      Financial and Grants Management 101 Basics Financial and Grants Management Institute April 24 - 25, 2012 1

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    • [PDF File]a primer hospital accounting and finance

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      The hospital or health system receives a fixed amount per . enrolled individual per month or year to cover a specified list of med- ... A Primer on Hospital Accounting and Finance • fourth edition Expense Recognition A number of timing issues arise in recognizing expenses under . the accrual method. ...

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    • Medicaid Financing: The Basics - Kaiser Family Foundation

      Medicaid Financing: The Basics Robin Rudowitz, Kendal Orgera, and Elizabeth Hinton Medicaid represents $1 out of every $6 spent on health care in the US and is the major source of financing for states to provide coverage to meet the health and long-term care needs of their low-income residents.

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    • [PDF File]Healthcare 101 - Harvard Business School

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      Healthcare Industry Overview Total 2011 U.S. healthcare expenditures = $2.7T Largest sector of U.S. economy Highest global per-capita expenditure 1% of U.S. population accounts for ~21% of healthcare spending In other words: Per-person: $8,650 % GDP: 17.7% Y-O-Y spending growth: +4.9% Nearly doubled in 10 years: 2001 expenditure was $1.49T

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    • [PDF File]Glossary of Key Health Care Finance Terms

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      Glossary of Key Health Care Finance Terms Gross Charges (Revenue) – Total Patient Revenue generated (price x quantity) Deductions from Revenue – Amount of gross charges not collected due to - uncompensated care – charity and bad debt - contractual allowances – difference between charges and payments for all payers Net Patient Service Revenue – total amount of cash collected from ...

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    • [PDF File]Accounting for Health Care Organizations

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      Learning Objectives Account for unique hospital revenue sources Prepare journal entries for hospital transactions Prepare government hospital financial statements Understand key differences between accounting & reporting for government and nongovernment not-for-profit hospitals

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