Answer the following questions:
1. Imagine that you are the administrator of Main Street Family Clinic, which has been hit hard by the current economic crisis and has been cutting expenses to survive. Your cash on hand is short, and it is the time of the month to pay your employees and vendors. The cash inflows from patient revenues supplied just enough to cover about half of your salaries and expenses. Explain the options for the clinic. What would you do?
2. What are some of the differences in sources of capital between not-for-profit organizations and for-profit organizations?
3. How do accounts receivable differ from the revenue cycle?
4. How can an organization improve its revenue cycle management?
5. What are the key provisions of the four laws that govern accounts receivable?
6. What is the best way to evaluate revenue cycle management performance?
