Summative Assessment: Health Care Accounting
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.).
Write a 1,225- 1,550-word report on the major trends in your organization’s expenses and revenues. Include the following points:
- 1. Analyze any trends in expenses and revenue that you see. Are they on target to meet budget goals?
- 2. How can your organization contain or reduce expenses without damaging services and quality of care?
- 3. Can your organization’s reimbursement strategy be improved to increase revenue? If so, what would it be, and how would it be implemented?
- 4. How can your organization use its financial performance to build its brand?