Finance

Pls I need 200 words for each question, use scholarly  articles.

1. What are the basic methods of payment for healthcare firms? If you were asked to represent a hospital in negotiating a contract with a health plan, what would be the top 5 considerations?

2. What are the tools available to a healthcare administrator to manage receivables? Describe the use of each.

Admission to discharge (5 days)

Discharge to bill completion (10 days)

Bill completion to receipt by payer (2 days)

Receipt by payer to mailing of payment (35days)

Payment mailed to receipt by hospital (2 days)

Receipt by hospital to deposit in bank ( 1 or more days)