Description
Working capital, or actual cash available for spending, is the key to a successful organization. In a healthcare organization, it is important to determine how much cash is available to run the day-to-day operations. For this Discussion, you analyze the working capital of a healthcare organization of your choice.
To prepare for this Discussion:
Identify one example of an event that has changed the operations of your organization or an organization with which you are familiar with. If you are not currently working in a healthcare organization (HCO), you may choose a case study from a reliable source from which to work.
Post a cohesive response to the following:
Describe the organization you have chosen and describe and assess its working capital and strategies to improve to deal with market conditions such as the transition to a value-based care reimbursement payment system. Justify your conclusion.
Requirements:
Discussion must require a minimum of four (4) current quality references, two (2) of them from peer-reviewed articles
Discussion must be 500-600 words, not counting the list of references.
Discussion must Focus on critical thinking ideas and synthesis and less on stating and describing.
Note:
Refer the attached Chapters-
- Chapter 12. Managing Financial Risk.
- Chapter 13. Financial Management of Health Information Technology.
Book Name for your reference: Harrison, C., & Harrison, W. P. (2013). Introduction to Health Care Finance and Accounting. Cengage Learning.
Explanation & Answer
Attached.
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Discussion Outline
Introduction
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The Company’s Overview
An Event of Change in the Operations of the Industry
Working Capital of the Pharmaceutical Industry
Strategies to Improve in dealing with the Transition
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Members’ empowerment and engagement
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Company investment procedure
Conclusion
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The significant role of Financial Management in pharmaceutical industry
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The consistency of working capital in the pharmaceutical industry
References
Harrison, C., & Harrison, W. P. (2012). Introduction to Health Care Finance and Accounting.
Cengage Learning.
Peterson, S. K. (2018). Changing the healthcare organization: the strategic framework to shift
from fee-for-service reimbursements to value-based reimbursement methods.
Schweitzer, M., Doane, R., Champlin, G., & Damore, J. F. (2018). Success in the new valuebased healthcare world: Integration of important clinical and financial
models. Management in Healthcare, 3(2), 113-131.
Sharif, M. A., & Islam, M. R. (2018). Working capital management a measurement tool for
profitability: a study on the pharmaceutical industry in Bangladesh. Journal of Finance
and Accounting, 6(1), 1.
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Discussion: Working Capital
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Date:
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The Pharmaceutical Industry
The Company’s Overview
According to Sharif & Islam (2018), the pharmaceutical industry is a composition of
biotechnolo...
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