Upload
lewis-swanson
View
29
Download
0
Embed Size (px)
DESCRIPTION
Health Care Finance. How the organization and delivery of health care services are paid for. Those who work for a Health Care Organization (HCO) know this can be a difficult challenge. For this reason, HCOs hire and charge CFOs to plan and monitor this process. - PowerPoint PPT Presentation
Citation preview
Health Care Finance
• How the organization and delivery of health care services are paid for.
• Those who work for a Health Care Organization (HCO) know this can be a difficult challenge.
• For this reason, HCOs hire and charge CFOs to plan and monitor this process.
• This has become practically impossible without financially savvy managers
The financially challenge in health care
• Providers
• Trustees serving on Governing Boards of Health Care Organizations (HCO)
• Government Regulators
• Health Insurers and other Third Party Payers
Financial Information and Decision Making
• Information
• Decision Making
• Implementation of decision
• Results
• How does a good information system help financial managers deal with uncertainty?
Uses of Financial Information
• Evaluating the condition of an HCO
• Evaluating the stewardship in an HCO
• Assessing the efficiency of an HCO
• Assessing the efficacy of an HCO
• Determining whether the HCO complies with external or internal directives.
Users of Financial Information
• External Users (in PA)– PHC4– Unions Capital Blue Cross– Aetna – US-Healthcare
• Internal Users (within the Pinnacle Health System)– Governing Board– Management
Financial Organization
• CFO answers to
• Controller (internal) versus Treasurer (external) functions