You are in your new job as the Chief Financial Officer for a hospital that is struggling with patient collections and you may have to recommend staff reductions to keep the hospital solvent, what ways would you use to boost collection of patient financial responsibility and what would you do if the patient still cannot pay?

You are in your new job as the Chief Financial Officer for a hospital that is struggling with patient collections and you may have to recommend staff reductions to keep the hospital solvent, what ways would you use to boost collection of patient financial responsibility and what would you do if the patient still cannot pay?

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

See similar textbooks

Similar questions

A company concluded that maintenance costs of running the company was too high. Discuss at least 5 ways to keep the company profitability, citing practical examples.
The gap theory measures A.levels of satisfaction by comparing the service received to the service that was expected B.satisfaction or dissatisfaction by measuring the gap between the service a customer received and the service that was expected. C.service quality by evaluating the level of performance of the service provider and the level of satisfaction with the service encounter D.service quality by measuring the gap between the service a customer received and the service that was expected.
How is variance in healthcare defined?
Given the functions and roles of Health Information System, how can management reporting help improve the operation of the hospital?
How can I state Major components of Cloud-based EHR Software, and Physician-hosted Systems Cloud-based EHR Software and Physician-hosted Systems Benefits and Drawbacks
Under current HIPAA guidelines, does an employer have the right to ask if someone has been vaccinated? Why or why not? Please answer in great detail.
What are the advantages and limitations of using Little’s Law?
The purpose of a Business Impact Analysis (BIA) is to determine: Choose the correct answer? The cost to repair a failed system The extent of a disaster's damage Critical business processes that must be maintained How often an incident will occur
Analyse the effectiveness of Hospital-Acquired Condition Reduction Program (HACRP) method used for measuring quality of care at hospitals. Compare and contrast the method to the HRRPand show how the method interconnects with Hospitals Readmissions Reduction Program (HRRP).
What is the meaning of current ratio Evaluate the meaning of the ratio related to the financial health of the health care organization. Show the calculations. Explain the factors that affect the results related to the financial health of the organization.
Read the following case. Then answer the question that follows. Research Study The quality of care given by health care providers can literally be a matter of life or death. Some of the most vulnerable patients are those in long- term skilled nursing facilities. Ensuring the safety and well-being of these residents is both critical and challenging. A study conducted at a facility in Massachusetts specializing in the treatment of people with a chronic illness showed that the implementation of a WiFi-based localization system cut the average time needed to find residents from over 5 minutes to less than 2 minutes. It also alerted staff with a high degree of accuracy when high-risk residents went outside (false positive rate of 9.1%; false negative rate of 1.7%). Devices were mounted on residents' wheelchairs, and monitoring software was installed on staff computers. The facility in the study already had a WiFi system installed. The study's authors conclude that "Using timely resident…
List the tradeoffs you would consider for taking decision of buying a new car versus buying a used car?