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Effective Health Care Financial Management A Home Health Care Perspective

Effective Health Care Financial Management A Home Health Care Perspective Health care financial management is not significantly different from financial management in other industries. The one area of financial management that is unique to health care, and thus requires additional expertise to be effective, is the accounts receivable and billingcollection function. With health care costs in the United States rising faster than inflation, there is considerable pressure on many fronts to reduce or at least contain costs. This pressure requires significant management expertise and attention focused on the accounts receivable AR cycle of a forprofit health care concern. To be effective, a financial manager must not only stay knowledgeable on the current reimbursement environment, but must anticipate and plan for continued significant changes in reimbursement rates, the method and timing of payment. In addition, the pressure on the volatility of the AR cycle places significant importance on the other areas of financial management. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Health Care Quality Assurance Emerald Publishing

Effective Health Care Financial Management A Home Health Care Perspective

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0952-6862
DOI
10.1108/09526869210008194
Publisher site
See Article on Publisher Site

Abstract

Health care financial management is not significantly different from financial management in other industries. The one area of financial management that is unique to health care, and thus requires additional expertise to be effective, is the accounts receivable and billingcollection function. With health care costs in the United States rising faster than inflation, there is considerable pressure on many fronts to reduce or at least contain costs. This pressure requires significant management expertise and attention focused on the accounts receivable AR cycle of a forprofit health care concern. To be effective, a financial manager must not only stay knowledgeable on the current reimbursement environment, but must anticipate and plan for continued significant changes in reimbursement rates, the method and timing of payment. In addition, the pressure on the volatility of the AR cycle places significant importance on the other areas of financial management.

Journal

International Journal of Health Care Quality AssuranceEmerald Publishing

Published: Jan 1, 1992

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