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Effects of unusual or
irregular items on the
Financial Information in Health Care
Evaluating the financial condition of
Running Head; HEALTH CARE & FINANCE
Health Care Financial Management
HEALTH CARE & FINANCE
Financial Information in Health Care Organizations
Health care needs financial information just like any other for-profit business. There is no
denial of how health care financial information has shaped the way hospital management is
carried out. The complexity of hospital funding requires outstanding financial management,
especially with the increasing large-scale insurance arithmetic’s to deal with. Financial
information is by far the fueling factor for the stability and healthy of the hospital as an
organization. The chief role of financial information in health care is generally to aid the
decision-making process. Importance health decisions are made by the board, and finance has to
be involved in the selected course of action. Interpretation financial information to understand
the situation better is what fuels the choice of decision the board opts for.
The importance of financial information in decision-making can be ...
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