What are the great approaches for cash management? If you were the controller in charge of managing cash, what methods would you take, and why?=

Your initial discussion thread is due on Day 3 (Thursday) and you have until Day 7 (Monday) to respond to your classmates. Your grade will reflect both the quality of your initial post and the depth of your responses. Refer to the Discussion Forum Grading Rubric under the Settings icon above for guidance on how your discussion will be evaluated.

 Improving Working Capital

Prior to completing this discussion, read Chapters 19, 21, 22, 23 in your course text. For your initial post, answer the following questions:

  • What is working capital, and how would you calculate it?
  • How can the healthcare organization improve their working capital?
  • What are the great approaches for cash management? If you were the controller in charge of managing cash, what methods would you take, and why?=

Your initial post must be 300 to 350 words.

Guided Response: Challenge your peers to think about how they would train the managers on the working capital if asked to do so. What types of incentives could you provide to your staff to help with receivables management? Respond to at least two of your classmates’ posts.