Week Four Health Care Financial Terms-define terms and provide scenarios

Health & Medical
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Question description

Mary-Ann Fernandez HCS 405 Week Four Health Care Financial Terms Worksheet.doc 

The scenarios has to be about a hospital, clinics or doctor's office, even specific names of hospitals, clinics, doctor's office. 

Examples like below: keep scenarios simple but specific.





The management makes sure the objectives are being followed within the organization’s subdivisions.

Management provides employees with cash incentives if they complete a health care risk assessment.




Balance sheet

The Balance Sheet of an organization is a financial statement that lists all the assets, liabilities and equity at a specific point in time. Itsmain use is to calculate the net worth of an organization.

The balance sheet for Dr. Robert’s practice at the end of the year shows that he did have a suitable return on assets and they were allocated properly. His net worth has grown from the last fiscal year.

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