Problem
As a new administrator of a long-term care organizations (Nursing home), what would be a financial leadership assessment that addressing nursing shortages.
Task
i. What are Financial challenges that new administrator would expect to face?
ii. How would new administrator monitor and address these challenges?
iii. What are the Key financial information administrator would want to access?
iv. How long term care administrator would manage the financial health of the organization?
v. Describe and explain how 3rd party Payer requirements and reimbursements and Medicare and Medicaid standards for managed care impact administrators financial assessment?
vi. What would be a plan for auditing practices to ensure regulatory compliance?