Question
MHACB/598 Competency 2 Assessment and Rubric Course Title: Leveraging Results to Build Brand in the Health Sector Competency Assessment Title: Health Care Accounting Assignment Directions
MHACB/598 Competency 2 Assessment and Rubric Course Title: Leveraging Results to Build Brand in the Health Sector Competency Assessment Title: Health Care Accounting Assignment Directions A good financial strategy can always be improved. Having knowledge of your organization's finances provides the leverage to make decisions that affect the outlook and goals of the company. This assignment gives you an opportunity to examine company practices from a financial lens, which provides you with an insight into what drives financial decisions for a health care system. Obtain a recent financial statement for your organization, detailing expenses and revenues. (This can be from within the last year. You may need to work with your supervisor to obtain a financial statement). Note: If you cannot access a financial statement, discuss it with your faculty member.Submit submit one thousand five hundred -word report on the major trends in your organization's expenses and revenues. Include the following points: Analyze any trends in expenses and revenue that you see. Are they on target to meet budget goals? How can your organization contain or reduce expenses without damaging services and quality of care? Can your organization's reimbursement strategy be improved to increase revenue? If so, what would it be, and how would it be implemented? How can your organization use its financial performance to build its brand? Cite any references to support your assignment
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