4. Understand the differences between financial accounting and managerial accounting for the nonfinancial manager. 5. Interpret the basic financial reports such as income statements, cash flow statements, and balance sheets. 6. Understand the creation and uses of reimbursement methods initiated by the Centers for Medicare and Medicaid Services (CMS). 7. Identify the differences between fee-for-service and prospective payment models. 8. Define what a healthcare provider is responsible for in the overall process of providing services to beneficiaries. 9. Describe the different types of medical claims that are created by healthcare providers that are submitted to insurance companies for payment. 10. Differentiate between the various government-sponsored healthcare plans and to understand how these plans interact with and impact the healthcare system in the United States. 11. Explain the timeline of the Patient Protection and Affordable Care Act and the influence that it has on the quality of care that is delivered to the beneficiary. 12. Explain the differences between the various types of managed care plans. 13.Define the key elements of prospective payment and the impact on the healthcare a facility. 14. Differentiate between the prospective payment systems for outpatient, home health, physician and non-physician practitioners, and ambulatory surgical settings