hat is the accounts receivable cycle? Why is this task especially important for healthcare organizations?
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- Why is accounting important in healthcare?Please describe the importance of financial information in healthcare organizations and list the users of financial information? and what is the role of coding information in healthcare organizations in claim generation?What is forecasting in a healthcare business. Provide an example of how forecasting is conducted in a healthcare organization.
- How does the Health Insurance Portability and Accountability Act (HIPAA) facilitate electronic transactions?Describe the importance of Revenue Cycle Management and the impact it can have on the healthcare organizationHow does having an effective payment model impact the role of a manager / administrators in a healthcare organization .
- How might the structure and roles of finance departments in different healthcare settings differ? Briefly compare at least three different settings.Is it possible for one hospital to have an income and expenditure account whereas another has a profit and loss account?What financial statements would an NFP hospital present?