Question

why is it important for leaders to have an understanding of financial management in public hospitals...

why is it important for leaders to have an understanding of financial management in public hospitals funded by the federal government?

Homework Answers

Answer #1

There is a statistically significant relationship between hospital financial performance and quality of care. The lack of financial strength may result in a lower standard of health care services, implying the importance of monitoring the quality of care among those hospitals with poor financial health. Public hospitals in America are closing at a much faster rate than hospitals overall. Public hospitals face challanges to maintain their financial viability as they compete with private sector hospitals. Therefore it is important for leaders to have an understanding of financial management in public hospitals funded by the federal government.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
why understanding marketing reality and strategy are important for management in the long run?
why understanding marketing reality and strategy are important for management in the long run?
1. Why must a financial manager have an integrated understanding of the five basic finance functions?...
1. Why must a financial manager have an integrated understanding of the five basic finance functions? Why is the corporate governance function considered a finance function? Why has the risk management function become more important in recent years?
Why is risk management such an important function for hospitals? Citing your source, summarize at least...
Why is risk management such an important function for hospitals? Citing your source, summarize at least one recent incident in which a hospital was involved in malpractice or liability proceedings.
Why is the understanding of the time value of money important to a firm’s top management?...
Why is the understanding of the time value of money important to a firm’s top management? Be sure to explain your answer with principles from the textbook as well as an example scenario.
Cash flow management is one of the most important aspects of financial management. Why?
Cash flow management is one of the most important aspects of financial management. Why?
11.10 Why is an understanding of cost behaviour (e.g. fixed costs, variable costs, etc.) important? Will...
11.10 Why is an understanding of cost behaviour (e.g. fixed costs, variable costs, etc.) important? Will such understanding be more important for financial accounting or for management accounting? 11.11 Why do we bother with break-even analysis? A business is formed to earn profit, not just to not make a loss (e.g. break even). Discuss.
Discuss why shared resources are important. the book is essentials of public health management by Fallon,...
Discuss why shared resources are important. the book is essentials of public health management by Fallon, 3rd edition
In a leadership role in a public corporation it is important to have a clear understanding...
In a leadership role in a public corporation it is important to have a clear understanding of total shareholder returns and how changes in corporate policy can impact the existing shareholder base of the firm. Discuss each of the following corporate actions from the perspective of the existing shareholders to assess the potential market implications of these actions: Issuance of additional shares of common stock. Announcement of a new share repurchase program. Increase of the quarterly dividend per share.
Why is it important for health care leaders to have a strong and positive mentor? Provide...
Why is it important for health care leaders to have a strong and positive mentor? Provide specific examples. Do you have a mentor? If so, share your experiences. If not, how might you find one? 175-265 words please you can ignore that part.
why is it important to have knowledge of tolerance and withdraw as well as understanding of...
why is it important to have knowledge of tolerance and withdraw as well as understanding of the way that SUD can mimic other neurological disorders when it came to the assessment of an older individual
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT