HCA 340 Managing in Health & Human Services WK3-D2

  Managing Financial Budgets      

Health care financial management is complex and an effective  health care administrator must understand what makes up the foundation  to financial operations.  This includes: health insurance (private and  social) and reimbursements, private vs. not-for profit entities, costs  and expenditures, capital, materials management, and budgeting.    Provide a  post that fully answers  the following questions:

• Outline and discuss the major categories of reimbursements and costs  in a health care organization.  How do they influence each other?
• In addition, how do expenses and revenues affect the specific types of budgets outlined?     

Utilize at least one scholarly source, cited in correct APA  format that supports factual statements and conclusions about the  topic.