Description
Define health care finance.
List three learning objectives for yourself in this course (Healthcare Finance).
- A learning objective is a statement of what you expect to learn upon completion of the course.
- Explain how you will continue to strengthen the content areas of your learning objectives, beyond completion of this course. Include links to any sources on your reference page.
Explain the type of financial management duties you might have as a healthcare administor.
Explanation & Answer
View attached explanation and answer. Let me know if you have any questions.Here you go! :)
Healthcare finance is defined as the finances within the healthcare system and is one of
the core components integral to ensuring that the healthcare system remains functional and
efficient. According to Phua (2018), “Health financing deals with the mobilization of funds,
distribution of financial risks, allocation and utilization of services, and provider payment
incentives.” The scope also includes personal payments to healthcare providers, costs of
healthcare services, and the wage and benefits of healthcare workers. Healthcare finance is
essential to ensuring that healthcare organizations have the appropriate funding to properly
function and provide their services to their constituents. According to Tulchinsky and
Varavivoka (2014), “Health financing involves not only methods of raising money for h...
