How much should health care executives know about finance and accounting

Oct 5th, 2017
Anonymous
Category:
Business Finance
Price: $5 USD

Question description

With the accelerated growth of the health care sectors it is becoming more and more important for managers to understand and evaluate financial information.

  • How much should health care executives know about finance and accounting?
  • Are there any other types of information besides financial that may be useful in making financial decisions?
  • Why are NFP (not for profit) health care organizations not required to publish their financial statements?
  • If three physicians are considering opening a new practice that would employ 15 people, which type of business organization would you recommend that they create? Why?

You may need to perform additional research beyond your textbook to address a one or more of these questions. If you use outside resources, other than your textbook, to support your positions, please be sure to cite your source(s) and list the URL(s) as applicable. Wikipedia is not an acceptable source.

Tutor Answer

(Top Tutor) ProfGardner
School: UC Berkeley
PREMIUM TUTOR

Hello,Attached is the completed work. Go through and in case of any corrections i will be here to assist. All the best.

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How much should health care executives know about finance and accounting?
In a health organization, there are three important departments that the health care
executives should have information about them or know them into the deepest. The finance
department is one of the sensitive department that the executive should know much about them.
This is because the finance and accounting sectors perform important roles in the healthcare
sector, and the executive should take part in the financial and accountin...

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