UMUC Health Care Financial Concepts Assessment

Assessment #2: Health Care Financial Concepts Paper Requirements

From the list of financial concepts, pick only 1-2 financial concepts to discuss.

Search for a healthcare finance related article on the concepts.

In a 3-5 page paper, describe how you can apply the selected financial concepts from the article to your current health care organization or a health care organization of your choice.

Some examples of financial concepts are:

  • Revenues or revenue cycle
  • Fixed and variable costs
  • GAAP
  • Contribution margin
  • Breakeven Analysis
  • Capitation
  • Income statements
  • Balance sheets
  • Cost value analysis
  • Cost allocation methods
  • Auditing process
  • General knowledge of health care laws and regulations
  • Time value of money
  • Financial statement analysis
  • Cost of capital
  • Financial risk
  • Insurance and risk
  • Ratio analysis
  • Analytics
  • Budgeting (operational and capital)
  • Forecasting
  • Lease financing
  • Cost control
  • Benchmarks
  • HIPAA privacy act
  • Affordable Care Act (ACA)
  • JCAHO
  • ICD-10
  • Profit vs. non-profit
  • Best practices
  • Compliance

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