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discuss the role of finance in the healthcare services industry. Has this role increased or decreased...

  1. discuss the role of finance in the healthcare services industry. Has this role increased or decreased in importance in recent years? What is the impact of the Affordable Care Act (ACA) on the role of finance?
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Answer #1

1.Role of the finance in healthcare industry has increased because there has been a grown interest for management of finance in an effective and efficient way in order to manage the overall profit and sustainability of the healthcare industry.

coding system of billing and electronic medical records are few of the examples how the finance is changing the way of management in healthcare industry. finance can also help these industries and doctors to buy their own equipment and make a decisions regarding capital budgeting.

finance is highly impactful in management of the treatment cost as it helps in generation of the majority of the income of healthcare industries.Financial Management is also focused at prevention of expensive medical condition and adoption of the new technology at the lowest possible cost so that the profits can be maximized with the business getting diversified.

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