Chat with us, powered by LiveChat Prior to beginning work on this assignment, review Chapters 4, 5, 6, and 7 from the course textbook, Essentials of Healthcare Finance. As Cleverley a - Wridemy

Prior to beginning work on this assignment, review Chapters 4, 5, 6, and 7 from the course textbook, Essentials of Healthcare Finance. As Cleverley a

 

Prior to beginning work on this assignment, review Chapters 4, 5, 6, and 7 from the course textbook, Essentials of Healthcare Finance.

As Cleverley and Cleverley (2018) suggest,

The critical driver of any firm’s financial solvency is usually its ability to generate reasonable levels of profit that can provide for the replacement and growth of capital in the firm. Because profit is simply the difference between revenue and cost, careful attention must be directed at both revenue management and cost control. (p.168)

This week, you are the Chief Financial Officer (CFO) for Shady Valley’s 80-bed skilled nursing facility for long-term care. You are meeting with the healthcare organization’s Chief Executive Officer (CEO) this week to discuss the need to control revenue and factors that influence pricing.

The CEO requests your thoughts concerning these topics. You must also provide cited content to back up/validate your thoughts and suggestions.

Note: Be sure you are not writing in first person. Check the First vs. Third PersonLinks to an external site. for guidance.

In your paper,

  • Explain three major ways healthcare providers can control their revenue function.
  • Define how market structure and capital intensity can influence pricing.
  • Discuss how a healthcare organization’s financial information justifies healthcare firm prices.
  • Outline the importance of health plan contract negotiation for revenue management and budgeting purposes.

The Revenue Determination and Pricing paper,

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