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Comparative summaries - Essay Example
Finance & Accounting
Pages 4 (1004 words)
Comparative Summaries Name Institution Comparative summaries Healthcare corporations offer a variety of services at an affordable charge since the government subsidizes healthcare services that increase costs. Consequently, Amerigroup offers medical services to large groups of people at an affordable cost…
For developed economies, governments offer subsidies in the form of drugs and other equipments that aid in provision of medical services. Health care financial management Health care financial management entails the use of different financial strategies in managing the financial resources of a healthcare facility. According to Goldsmith, (2011), organizations choose financial management stratagems based on the mission and the objective of the organizations. For non-profit organization, careful management of financial resources is essential for accounting purposes. Hence, the reason healthcare institutions use flexible budget. In budgeting, financial management aids organization in forecasting on its mission. Profit organizations increase profitability when forecasting for healthcare service. Amerigroup is an American corporation that offers medical services to individuals who receive healthcare benefits as funded by the public. The entity is a profit organization that sources for its funding from benefits from Medicaid and children programs. According to Dunham-Taylor & Pinczuk (2004), the corporation engages in duties such as providing in-patient care services, disease management services, homes visits and consultation services. ...
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