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Assuming the role of a new administrator of a healthcare prepare a financial leadership assessment addressing key concepts and principles essential to effective financial practices

Assuming the role of a new administrator of a healthcare prepare a financial leadership assessment addressing key concepts and principles essential to effective financial practices and operations of a healthcare entity. Based on the readings (Healthcare Finance) and course topics examine how financial health would be managed including: a) financial challenges you would expect to face, b) how you would monitor and address these challenges, c) key financial information you would want access to, and d) how you would manage the financial health of the organization. Additionally, describe and explain how 3rd party Payer requirements and reimbursements and Medicare and Medicaid standards for managed care; and include a plan for auditing practices to ensure regulatory compliance. Paper should be five pages in length, APA style, include references & plagiarism free. Paper is due tonight at 10 pm.

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