Financial Statement HCS/380: Health Care Accounting

Financial management in health care requires many skills. According to Kearney, the primary role of financial management in healthcare organizations is to manage money and risk in a way that helps to achieve the financial goals of the organization. When a healthcare organization has strong and organized financial management plans, they're able to provide efficient healthcare to all their patients. There are functions used in analyzing the ways financial information is used in healthcare. Those functions include things such as evaluation and planning, long-term investment decisions, and financing decisions. Each of these functions would play a role in how financial information is utilized throughout the organization....