Healthcare Environment /Financial Statements
The Healthcare Environment And Financial Statements”
Health care financial managers stand between the company’s real assets and the financial markets where the firm raises the firm’s cash.
The responsible financial manager will not fixate on short-term financial gain for the shareholder, but rather concentrate on the long-term
interests of the company. The maximizing shareholder value approach means that decisions about strategy and tactics are based primarily
on financial considerations.
- With the mission of maximizing shareholder value in mind, how could the health care financial manager help to motivate a large group
of employees to exceptional performance? Explain in detail. - Should the financial manager have any influence on care mapping within the organization? Why, or why not, and give rationale.
After posting your response, respond to two other peers’ posts. Do you agree or disagree with their posts and why?
AH531 Healthcare Financial Management Required Materials
Required Text
Zelman, W., McCue, M., Millikan, A. & Glick, N. (2014). Financial management of health care organizations: an introduction to fundamental tools, concepts, and applications (4th ed.). Hoboken: NJ: Wiley & Sons.
Physical text ISBN: 9781118466568
Digital text ISBN: 9781118466599
The Current State of Finance and Accounting Management in the Healthcare Industry
What are the challenges and career impacts for finance and accounting professionals operating in the healthcare environment?
In many ways, healthcare is unique not only in the services it provides but in the way it interfaces with its clients and other stakeholders. These unique features present challenges exclusive to the industry for all who work in these environments, including those with management accounting responsibilities.
This report discusses the role of the management accountant in the healthcare industry by:
- Providing an overview of the healthcare industry in America.
- Delineating some of the unique challenges in this industry.
- Describing the impact on finance and accounting professionals.
Key Insights:
The role of finance and accounting professionals in healthcare is evolving, notably:
- There is an enhanced focus on internal controls and risk management.
- Executives are focusing much more on business analytics and performance.
- The industry’s growth curve is creating huge potential for finance and accounting professionals.
24/7 Nursing Homework Help
Stuck with your nursing assignment? From Essays to Complicated Dissertations? Our accredited nursing paper writers can answer it all!
