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UMGC Organizational Costing and Profit Analysis Report
Managing a healthcare organization through revenue generation and cost control is beneficial for the sustainability of the organization. “There is a statistically significant relationship between hospital financial performance and quality of care (Dong, G.N., 2015).” Evidence supports the concept that well fiscally managed healthcare organizations deliver better healthcare to patients then organizations that do not. In a few paragraphs, conduct some research to either support or refute this claim through an original discussion forum post.
- Overview
- Gallo, A. (2015, June 22). A Refresher on Breakeven Quantity. HBR. https://hbr.org/2015/06/an-hbr-refresher-on-breakeven-quantity
- Reid, G. (2013, October 20). Defending the chargemaster. Healthcare Finance News. 2013. http://www.healthcarefinancenews.com/news/defending-chargemaster?page=1.
- Gallo, A. (2017. October 13). Contribution Margin: What It Is, How to Calculate It, and Why You Need It. HBR. https://hbr.org/2017/10/contribution-margin-what-it-is-how-to-calculate-it-and-why-you-need-it.ADDITIONAL RESOURCES
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- Chapter 5 in Gapenski’s Healthcare Finance: An Introduction to Accounting and Financial Management, Seventh Edition
- Chapter 4 Gapenski’s Understanding Healthcare Financial Management (Pink & Song)
- Chapter 5 Gapenski’s Understanding Healthcare Financial Management (Pink & Song)
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