Question

I need a consist description of the purpose of financial measurement in healthcare.
list the major financial measures which are monitored by financial managers in the healthcare industry and for each measure provide 1 or 2 examples of decisions that might be informed by that measure.
then identify one or two measures that are the most important for the survival of a healthcare organization and explain why it is important

Answer 1

ANSWER Most important financial events which are monitored by financial managers in the US healthcare center on the effectiveness and productivity of healthcare industry Financial analysts make available these managers with in sequence that would help them make elegant decision, competent internal expenditure practices Mount up enough revenues to bear the costs and finance their future Endeavour's, monitor each department and reviewing the prices of their services to communicate to market prices V One quantifies which holds importance in growth of healthcare services is access to capital. Though it contributes a small proportion of healthcare expenditure but it holds importance in moulding the healthcare system itself. Capital appraisal depends on whether the healthcare institution is government owned, private or not for profit to distinguish between their capital expenditures Financial capital is required for inputs in the production of healthcare services like rent for space, equipments, human capital, supplies etc. These incur in trouble cost which are bear over a long period of time and distributed over the revenues generated by the institution. There are also working capital assets to finance the ongoing investments and costs per unit variable factors V A healthcare provider gets money in the form of grants, stocks, debts, charity, funds from past operations etc. healthcare also gets interest free loans from governments Therefore, capital expenditure will carry on to hold greater significance in healthcare services as it is also necessary not just to continue current trends but also for future growth forecast