Finance and Accounting Principles in Medical Facility Operation | Instant Homework Solutions

Though many people may not think of them as businesses, healthcare facilities operate much like other businesses when it comes to how they employ proper finance and accounting principles in their everyday operations. Prepare a comprehensive paper that details the following:  The importance of accounting to the financial operations and management of a healthcare facility The role of balance sheets and income statements within a healthcare facility The effects proper budgeting has on investments, borrowing, and the time value of money The management policies and procedures for the revenue cycle of a healthcare facility The methods of payment for healthcare in the United States The financial risks a healthcare facility faces Two major laws that affect the risk management practices of a healthcare facility  Your completed final paper should be 3-4 pages. All submissions should be formatted in a 12 point Times New Roman font. Your answer should contain paraphrased information from at least one valid source other than your textbook, and all citations and references should be properly cited in APA format (6th edition).