Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. What are the primary responsibilities of the financial manager? a. If you were applying for a position as a financial manager what skills would
1. What are the primary responsibilities of the financial manager? a. If you were applying for a position as a financial manager what skills would you put at the top of your resume? 2. What are the six elements that should be present, at a minimum, in all charge masters? 3. What are the six stages of the revenue cycle? 4. Define and explain Medicare and Medicaid. a. Explain how Medicare reimburses for inpatient and outpatient services. 5. Regulatory Environment of Healthcare a. Define the Stark Law and its purpose b. Define the Anti-Kickback Statute and its purpose C. Explain the intent of HIPAA d. What is anti-trust and how is it regulated 6. NFP a. What is the difference between charity care and community benefit? b. What are the 5 factors that support a hospitals 501(c)(3) tax exempt status C. What is Schedule H, when did it become mandatory and what does it help measure. 7. What are the 6 types of budgets? 8. LIU Post is budgeting for this year's flu clinic. The college gives flu vaccines to students for $10 and faculty for $20. The cost (expense) of the vaccine is $10. In 2018 the school vaccinated 1,000 students and 500 faculty a. Create the Statistical, revenue, and expense budget for 2018. b. In 2019 the clinic 800 students and 500 faculty. Update your revenue and expense budgets to accurately reflect this change in volume. c. In 2020 the volume is identical to 2019 but the vaccine cost goes from $10 to $8? Update your revenue and expense budgets
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started