Simulation Review Paper

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Text Preview Health care financial accounting Health Care Financial Accounting
Analyzing Financial Indicators for Decision MakingMost hospitals in the U.S. are financially vulnerable, because of years of funding cuts, reductions in Medicaid reimbursements, cuts in Medicare payments, and the discounting pressures of managed care. New York has the third highest loss in the country from these pay cuts.This simulation revolves around a cardiac care hospital based in New York, facing a working capital shortfall. The learner will assess key financial indicators to evaluate the impact of his financial decisions.

To fully evaluate the strength of a health care entity, it is important to analyze the different aspects of financial operations. A single indicator cannot provide the correct picture of the financial health of a health care firm.

Insert…………. Rebecca Hendren, for HealthLeaders Media, January 5, 2010

Media Health Leaders
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