Prompt: Similar to the example in your text, calculate and present in a chart the cost of borrowing based upon:
▪ Principal borrowed of 89,000
▪ 12 Annual payments a year
▪ Monthly payments are $1,100
▪ 8.75% interest rate
▪ 72 total payments
▪ Period interest rate 1%
▪ What would be the final payment/balloon payment due on month 72 to be settled with this obligation?
Healthcare Finance is very complicated and it is critical to understand the revenue cycle. Taking into consideration all learned to date an additional element that impacts payments which are necessary for operations are the value based health care legislation. Please research and define what is value based reimbursement and programs such as MACRA and others. Describe how quality outcomes often
associated or benchmarked against your peers may additionally impact your reimbursement rate for services provided.
Lastly, reflect on your Christian World View and how this perspective is a driving force in all actions as you exercise stewardship while supporting operations. What are actions and behaviors you would demonstrate as one granted leadership responsibility in the arena of healthcare finance? Incorporate at least 1 additional biblical scripture to further expand upon your Christian World View statement.
o Requirements: Prepare the Final Paper using the following guidelines:
▪ 3,000 – 4,000 words
▪ APA-compliant formatting, including title and reference pages
▪ Minimum of eight scholarly references
▪ Demonstrate worksheet/work effort for the finance calculations to show all work.
