Business Finance - Accounting Reimbursement And Profitability

Business Finance - Accounting Reimbursement And Profitability Assignment

Consider that you are a financial manager in a health care organization.

Write a 500-600-word essay that describes the following points:

1. Describe the roles and responsibilities of a financial manager and discuss how they differ from the roles and responsibilities of an accountant.

2. Explain how reimbursement from Medicare, Medicaid, private third-party insurers, and the uninsured affect profitability. How does cost shifting relate to reimbursement and profitability?

3. Describe the importance of government regulations, accounting standards, and corporation rules on remaining profitable.