Answer

Why is a general understanding of accounting and finance important to a healthcare manager, even a manager who does not specifically work in accounting or finance? Give some examples from the readings, of the kinds of information managers need to manage healthcare departments.

Accounting provide us informations regarding every type of business transactions. It is not only providing information but also instrumental in memorizing and drawing results from records. In the field of healthcare also, health care units not only wants to have the informations about doctors, patients and other allied but also wish to keep the accounting record for all of them as it helps in taking care of the track record of patients, amount paid by...