Understand how reimbursement contributes to the need for cost | HCM676 Healthcare Finance | Colorado Technical University

3-4 pages not including title page and reference page 

You have been placed on a committee in your health care organization. The committee has to create a set of cost containment strategies that will positively impact (decrease) operating expenses. The committee is also challenged with increasing reimbursement.

  • Provide 5 cost-cutting strategies that the committee could recommend to the executive board.
    • Describe how these cuts will benefit patient care or business systems.
  • Provide 5 ideas on how to increase revenue or reimbursement. This answer can include short-term and long-term goals.
    • Describe how these revenue or reimbursement systems benefit patient care or the business systems.

Provide at least 2 references that reinforce the strategies you have chosen.

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