Financial Environment and Income Statement

financial Environment and Income Statement health care Financial Management Abstract This paper will explore whether or not the role of finance has increased or decreased in importance in the healthcare environment in recent years. The following problems from the text will also be solved: 2.4 p. 62; 2.5 p. 62; 3.3 p. 105. Key words: healthcare finance management: healthcare finance, healthcare environment, role of finance in healthcare, medicalization Healthcare Financial Management Healthcare through bulge out human history has always been a business. Healthcare dates back to a time still before physicians ever existed where shamans in early nomadic past tribes accepted saber tooth hides as payment for their healing fine art services. It is therefor not so surprising to witness the feeler of the healing arts as they transformed into the multi-trillion-dollar industry that we instantly see today in the United States. Healthcare in the U.S. is primarily framed around a consumer model. This essentially subject matter that many components of the industry function as cabbage-making centers and can be categorized as businesses. The primary goal and bottom border of any business is to generate a profit; without this profit healthcare judicatures would not be able to keep their doors open.

Healthcare is also simultaneously profit oriented and focused upon the benefit of individuals, which is what makes the industry so unique. To keep providers of healthcare from the ethical fight of taking financial outcomes into consideration with the quality of care they administer, administrative or managerial staff typically handles the management of an organizations healthcare finance. It therefor can be give tongue to that healthcare financial management can be oversimplified as a method of bearting money in and out of the business (S. Liebl, personal communication, March 1, 2012). Role of Finance in The Healthcare Environment The role of finance has definitively increased in... If you want to get a full essay, order it on our website: Orderessay

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