Reporting Practices and Ethics Paper

University of Phoenix

Health Care Financial Accounting

HCS 405

Financial management is an important aspect to health care financial planning. There are many financial decisions that are made every day and depending on the accounting records and the different transactions that are occurring. Finance management is something that health care organizations need to pay close attention to. The number one priority of a health care organization is to care for patients but, there still needs to be a profit so that the organization can keep caring for patients. For an organization to satisfy patients and staff at the same time finance management needs to be planned out. An organization needs to make sure that the assets, costs, and claims are monitored and...