2023-08-30T09:11:45+00:00

Which of these four options would you recommend for a hospital?

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Which of these four options would you recommend for a hospital? Why?

Healthcare financial managers have searched for ways to collect receivables faster since credit transactions began. Some of the techniques briefly described in McLean for speeding the conversion of patient accounts into cash are the lock box system, selling patient accounts to 3rd parties, hiring collection agencies, and securitizing receivables.

In your response please reference the attached chapter from McLean, Robert A. (2003). Financial Management in Health Care Organizations (2nd ed.). Albany, NY: Delmar Publishers.

Which of these four options would you recommend for a hospital? Why?

Are other options available to HCOs to accomplish this conversion? Evaluate these other techniques.


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