<\/strong>My course is Financial Management of HealthCare Organizations.<\/strong><\/p>\n Discussion Board-Module 4:<\/strong><\/p>\n Class, Based on the outside reading of the Pennsylvania Health Care Cost Containment Council Report (PHC4) latest report, please comment on the purpose of the annual report and how it may be utilized by a consumer and a financial executive. Also, what section of the report did you as a student find most interesting.<\/p>\n <\/p>\n Respond to at least 2 classmate (appx. 50 – 75 words). My first classmate :<\/strong><\/p>\n The purpose of the PHC4 is to report and analyze information that can be used to improve the quality and restrain the cost of healthcare in the state of PA. Businesses, stakeholders, use this information to improve quality and restrain cost. A 25-member board of directors governs the PHC4. The PHC4 reports on net patient revenue, patient A\/R, operating margin, total margins, and uncompensated care. The report focuses on a statewide and regional analysis of PA general acute care hospitals. This report can be utilized by consumers and financial executives to determine if hospitals have positive or negative income and hospitals can make improvements as necessary. I found the hospital data section very interesting because the report shows the averages for all operating and total margins for each hospital in the state and region. This report shows critical data for any consumers and purchasers in making more informed health care decisions and can also pinpoint areas of opportunities for quality improvement and costs.<\/p>\n http:\/\/www.phc4.org\/council\/mission.htm (Links to an external site.)<\/span><\/a><\/p>\n http:\/\/www.phc4.org\/reports\/fin\/17\/docs\/fin2017report_volumeone.pdf (Links to an external site.)<\/span><\/a><\/p>\n
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