Week 4

Instructions:

Mini Cases are intended to assist the student in understanding how to apply the financial skills introduced in financial management. Students will prepare a 1-page report on each of the mini cases from the text reflecting their application of the financial concept and theory. The report should focus on the specific issue found in the case and demonstrate the opinions and perspectives of the student and how they feel the issue should be addressed.

Use the format APA7.

Use 2 references and one them has to be the following:

We are using this book please use it as reference and for citation. Also the mini case is located in this book: Introduction to the Financial Management of Healthcare Organizations, Eighth Edition

by Michael Nowicki (Author)

Mini case Study ( Page 237)

Suppose that you are the business office manager of a 26-bed rural hospital. The chair of your governing body, who has served in that role for more than 30 years, is discussing with you possible ways to improve the hospital’s financial position. During the discussion, he asks you why you cannot increase the charges to Blue Cross to cover the losses to Medicare, Medicaid, and charity care. He goes on to say that this strategy was used in the 1970s and 1980s, and he does not understand why it will not work in 2021. What do you tell him?

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