Health care Finance
Weekly tasks or assignments (Individual or Group Projects) will be due by Monday, and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.
You have been placed on a committee in your health care organization. The committee has to create a set of cost containment strategies that will positively impact (decrease) operating expenses. The committee is also challenged with increasing reimbursement.
- Provide 5 cost-cutting strategies that the committee could recommend to the executive board.
- Describe how these cuts will benefit patient care or business systems.
- Provide 5 ideas on how to increase revenue or reimbursement. This answer can include short-term and long-term goals.
- Describe how these revenue or reimbursement systems benefit patient care or the business systems.
Provide at least 2 references that reinforce the strategies you have chosen.