Reflective Journal: Working Capital
- Describe the ways in which financial statements, financial calculations, and working capital are used in the organizational budget process
- Identify the main objective of managing cash flows
- Explain why financial leaders are concerned about having cash on hand
- Identify the three factors that set the healthcare industry apart from most other industries with regard to accounts receivable
- Explain the ways in which trends within Medicare, Medicaid, and third-party payers affect working capital and the cost elements associated with the revenue cycle