Financial Management of Healthcare Organizations

Financial Management of Healthcare Organizations.

Master of Health administration.

  1. A. Describe the impact of Recovery Audit Adjustments (RAC) on financial statement preparation and what are the implications outlined in the HFMA Principles and Practice Board on financial statement preparation?
  2. Describe “internal control” as it relates to a corporate compliance program. Identify the five interrelated components of internal control and briefly describe how their implementation impacts internal control. Please complete the Assignment and submit all calculations in your responses to canvas.