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There are two parts to this assignment. In total, the assignment should be 750-1
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There are two parts to this assignment. In total, the assignment should be 750-1000 words. Follow APA formatting using subheadings for each question. Answer the following questions using specific details: -Part One- 1. What are some of the constraints to hospital revenue? How would knowing these constraints help inform overall operations of the hospital? 2. What are three key financial statements that business managers should be aware of, and how are they related? 3. Why do organizations have their statements audited? What assurance(s) does it provide? 4. Using the income statement and balance sheet examples provided in Chapter 3 of the textbook, calculate the return on capital in 2019. How would knowing the return on capital help inform overall operations of the hospital? 5. Compare and contrast the incentives to health care providers under a fee-for-service reimbursement mechanism versus a prospective payment mechanism. -Part Two- Health plans 1. Research the health care plan provided by your employer, for example. Describe five limitations that the plan does not cover. 2. Describe how you would add one of these limited items to the health plan. For example, what data would you need, who would you talk to and when? 3. Create a timeline for implementation of the new covered benefit in the plan. ? Use a 12-point font and double-spaced text – *Times New Roman* ? Follow APA writing guidelines. ? Proofread and correct all errors in capitalization, punctuation, grammar, and spelling. Textbook: Health Care Operations Management, 3rd Edition James R. Langabeer II & Jeffrey Helton Chapters 3 & 4