Unit VII Course Project
The course project must include at least the following sections; you may want to include others if you deem them appropriate:
- Introduction
- Challenges and Problems (associated with your topic)
- Review of the Literature
- Critical Analysis of Challenges/Problems
- Recommended Solutions
- Implementation of Solutions
- Justification of Solutions
- Conclusion
- References
Course project topic below:
Financial management of home health care
The course project must be seven to ten pages, double-spaced, not counting the cover page and the references pages. You must use at least five outside sources for your course project beyond the course textbook. At least one reference must come directly from the CSU Online Library. Web resources and professional journal articles will be key sources in researching your topic.
All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying APA citations.
Course Textbook
Berger, S. (2014). Fundamentals of health care financial management: A practical guide to fiscal issues and activities (4th ed.). San Francisco, CA: Jossey-Bass…………………………………………………
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Financial Management of Home Health Care
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Introduction
Financial management of healthcare is a rewarding and fascinating undertaking because the many concepts that involves have implication on both personal and professional behavior. In the professional perspective, today’s healthcare environment requires the managers to put more emphasis on financial management during decision making process in relations to carrying operations effectively(Speizman, 2009). In the foreseeable future, home health care and other health care organization will force the managers to effectively manage the financial resource in order to improve service delivery and attracts funding from donors such as philanthropy, financial institutions, charitable institutions and government. Financial management in home health care and any other health care institution involves two processes: strategizing the home health care’s financial direction and performance of daily financial operations. The process of strategizing the financial direction of the home health care is vested at the executive level such as chief financial officer (CFO). The main function involves the preparation and presentation of the home health care’s strategic financial plan for endorsement and approval by board of directors(Sandrick, 2008). Since most home health care are privately own, strategizing financial direction also involves treasury function, which is vested with the responsibility of investing the home health care’s financial assets in the most effective and prudent manner following the plans and policies approved by board. The second process is the management of daily financial operations of the home health care. Financial controller who is the second-in-command to chief financial officer is vested with the responsibility of overseeing this second process(Sandrick, 2008). In the nut shell, management of daily financial operations involves ensuring that suppliers and payroll are billed out on………………………………………………………………………………………
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