PUBH 3130 Lecture Notes - Lecture 8: Chief Executive Officer, Session 9, Managed Care
Document Summary
Providing oversight of the healthcare organization"s day-to-day financial operations. Increasing the organization"s revenues and decreasing its costs. Facilitate relationships and manage contracts with third party payers. Prepare, audit, and disseminate the organization"s financial reports. Ensure that payroll is covered and that suppliers are paid. Respond to government regulators, external auditors, accrediting agencies, and quality consultants. Goal is to maximize profits for the owner. Goal is to provide community benefit and care (including the indigent). Financial governance- in order of responsibility: optimal patient. Managing payments the largest payer of health services. Payments from the uninsured no agreed or contractual relationship. Those without insurance are billed for full charges. Has resulted in the rise of personal bankruptcies, due to inability to pay such large sums of money. *bad debt no payment received for billed services; written the organization. *charity care organization provides care, knowing the patient will be unable to pay. off by.
