Ch 7: Healthcare Financial Management

About This Chapter

Study healthcare financial management on any smartphone, tablet or computer when you access this helpful chapter 24/7. Our professional instructors make these subjects easy to understand so you're ready to take an important test or complete a tough assignment.

Healthcare Financial Management - Chapter Summary

When you utilize this chapter on healthcare financial management, you'll review lessons about subjects such as the goals of financial management, the healthcare revenue cycle and measurement tools used in healthcare finance. Work at your own pace and feel free to go back and review any of the lessons that need more work. Before you move on, take the short quiz included with each lesson or the test at the end of the chapter to make sure you're ready. Once you complete this chapter, you should be ready to:

  • Detail the goals of financial management
  • Define the healthcare revenue cycle and its steps
  • Outline the purpose of responsibility-based A/R reporting in health
  • Identify cash management in healthcare systems
  • Explain financial supply chain management in healthcare
  • Discuss the measurement tools and methods used in healthcare finance
  • Understand the process of managing costs and revenues in healthcare organizations

8 Lessons in Chapter 7: Healthcare Financial Management
Test your knowledge with a 30-question chapter practice test
What Are the Goals of Financial Management?

1. What Are the Goals of Financial Management?

This lesson introduces the concept of financial management and defines the scope that companies use to manage their finances. It will also discuss the primary goal of financial management and the advantages and disadvantages of this goal.

What is Healthcare Revenue Cycle? - Definition & Steps

2. What is Healthcare Revenue Cycle? - Definition & Steps

In this lesson, we'll define the healthcare revenue cycle. You'll also learn about the three main steps in the cycle: patient scheduling, registration and treatment, claims processing and payment collection.

Responsibility-Based A/R Reporting in Health: Definition & Purpose

3. Responsibility-Based A/R Reporting in Health: Definition & Purpose

An important part of any medical operation is managing the accounts receivable (AR). We will look at two powerful data tools that help responsible managers convert the receivables to cash.

Cash Management in Healthcare Systems

4. Cash Management in Healthcare Systems

This lesson details the nature of cash management for healthcare organizations, including common practices to improve cash on hand and common tactics to synchronize cash flow to improve the financial position of the business.

Financial Supply Chain Management in Healthcare

5. Financial Supply Chain Management in Healthcare

Supply chain management involves many different aspects and departments of an organization. This lesson will discuss the challenges and processes of financial supply chain management in healthcare.

Measurement Tools & Methods Used in Healthcare Finance

6. Measurement Tools & Methods Used in Healthcare Finance

Measurement tools in healthcare can show a variety of results. Different methods are used to determine patient outcomes and finances, which are intertwined. This lesson will discuss the measurement tools and methods used in healthcare finance.

Managing Costs & Revenues in Healthcare Organizations

7. Managing Costs & Revenues in Healthcare Organizations

This lesson explores some of the many ways by which healthcare organizations can help manage costs and revenues. You'll learn how health information technology and lean management can play a part in this.

Required Assignments Reminder

8. Required Assignments Reminder

Sorry for the interruption to your course progress! We wanted to make sure you knew this course has a written assignment requirement in order to be completed. Read on to learn where to find these assignments and how to submit them.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

Earning College Credit

Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Support