What are the four recognized elements of financial management?

By Saturday, January 30, 2016, go to the Discussion Area and post responses to two of the discussion questions assigned by the facilitator. All discussion questions should be posted to the appropriate Discussion Area.

Before the end of the week, begin commenting on at least 2 of your peers’ responses. You can ask technical questions or respond generally to the overall experience. Be objective, clear, and concise. Always use constructive language, even in criticism, to work toward the goal of positive progress. Submit your responses to the appropriate topic in this Discussion Area.

Select a discussion question from the topics menu below and click the question to begin. Use the Respond link to post responses and materials that pertain to that question. To respond to an existing posting use the Respond link beneath it.

Topics
Topic
Discussion Question 1: Elements of Financial Management
Discussion Question 2: Changes in the Affordable Care Act

Discussion Question 1: Elements of Financial Management

Financial management in healthcare setting is critical to the success and well being of healthcare organization. There are very important elements of financial planning that every healthcare organization must follow.

What are the four recognized elements of financial management? Which do you think is most important and why?

AND
Discussion Question 2: Changes in the Affordable Care Act

The Affordable Care Act (ACA) has made a huge impact on healthcare delivery system and especially in regard to financial management of healthcare organizations and delivery of high quality healthcare services.

The timeline for the Affordable Care Act continues until 2015. Locate 3–4 updates on the timeline that are related to healthcare finance. Discuss these changes or initiatives. Your discussion should include what is changing and your thoughts on how this will impact healthcare finance now and in the future

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