StudentShare solutions
Triangle menu

Finacial Management in Health Care/Comparative Summary - Essay Example

Nobody downloaded yet

Extract of sample
Finacial Management in Health Care/Comparative Summary

The management ensures that organizations find sustainable sources of funding for various activities.
Financial management in healthcare takes various perspectives depending on the source of funding for organizations (Gapenski, 2009). Balance sheets, for example, remain some of the best known indicators of financial performance within an organization. Balance sheets form a fundamental element of assessment of the financial position of an organization during specified period. The information contained in balance sheets remains similar within different entities but the functions performed by the balance sheets differ.
In profit making healthcare organizations, the financial structures of organizations aim at utilizing financial resources to achieve monetary gains. These entities operate like other businesses whose fundamental objective remains making profits from financial resources. The financial management of these entities aims at maintaining profitability for the organization. All financial decisions implemented in these financial entities seek to ensure that the organizations remain profitable and competitive within the industry (Nowicki, 2008). The funding for these organizations comes from returns on investments made by the proprietors of the organization. These organizations offer services according to the available finances available for specified services.
The functions performed by financial statements differ between healthcare entities depending on the financiers of the establishments. The financial statements for these establishments ought to be presented to the proprietors of the organizations. All expenditures for these organizations should be accounted for in the organization’s balance sheet. Presentation of the balance sheet remains critical in the financial structure of these organizations. Within other healthcare entities, like those owned by the government, the information contained in the balance ...Show more

Summary

Financial management could be defined as the element of management dealing with monetary resources of an organization, in ensuring adequate return on investments. This element of management aims at determining the objectives of businesses in maximizing profits. Essentially this…
Author : orntara
Finacial Management in Health Care/Comparative Summary essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Finacial Management in Health Care/Comparative Summary"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Chamberlin & Castings Plc Finacial Management
The merger involves mutual decision of the respective companies to become a single entity. A takeover or acquisition means purchase of a company by another company, but it is not as a consequence of a mutually agreed decision between the concerned entities.
8 pages (2000 words) Essay
Health Care Management
Running head: SELF REFLECTIVE ESSAY Self Reflective Essay Student’s First name, Middle initial and Last name Name of University BHS427 Health Care Finance June 20, 2011 I have always been very interested in learning about the various aspects of health care management.
1 pages (250 words) Essay
Comparative Summary
Experts believe that the reason why some of these challenges exist is because the various financial environments of health entities and facilities have not been properly allocated; and in cases where the allocation have been done, not much have been done to maximize the potentials of these financial environments (Tombak, 2012).
5 pages (1250 words) Essay
Health Care Management Program
When we talk about healthcare management, we actually mean talking about the ways to improve the provision of healthcare facilities to patients. Effective healthcare management is essential for improving the wellbeing of citizens. Healthcare management includes a variety of elements that work together to ensure health recovery of patients.
5 pages (1250 words) Essay
Finacial management
Investment decision involves considering a number of competing projects to decide which represents a best investment in terms of value for money. The investment decision before us is significant in that it concerns cash outflows more than cash inflows as an investment in constructing/repairment of office premises used mainly (but not solely) for the accomodaring of department (A)'s employees normally would.
12 pages (3000 words) Essay
A comparative study of the health care functions of primary health care and emergency medical assistance
This research shall focus on both the unique characteristic functions as well as similarities between these two.Already,Van Damme et al established that "PHC is conceptualized as part of overall development,while EMA is delivered in disaster or emergency situations" while presenting and analyzing underlying paradigms
4 pages (1000 words) Essay
Health care management
In the area of management expertise it is likely that there will be more new concepts and skills to learn, and this area is one which is easy to overlook, in the busy day to day life of
5 pages (1250 words) Essay
Health Care Management HA330
The paper throws light on various strategies that a health care organization can use to improve the quality of its services. The pros and cons of each strategy are discussed. It also elaborates on the impact of changing work environment on various aspects of
10 pages (2500 words) Essay
Management in health care
This trend is replicated in most developed countries. It was further revealed that faulty systems are to blame for these deaths and not the incompetence of
8 pages (2000 words) Essay
HEALTH CARE FINANCIAL MANAGEMENT
The article discusses the benefits and demerits of electronic transactions that relate to healthcare financial management. Additionally, the article discusses the benefits and obstacles that
1 pages (250 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Click to create a comment