Transcription of CHAPTER 1 Financial Information and the Decision-Making ...
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CHAPTER 1 Financial Information and the Decision-Making ...
Opener image: Shutterstock / A1 StockFinancial Information and the Decision-Making ProcessLEARNING OBJECTIVESA fter studying this CHAPTER , you should be able to do the the importance of Financial Information in healthcare the uses of Financial the users of Financial the Financial functions within an the common ownership forms of healthcare organizations, along with their advantages SCENARIOIn 1946, a small band of hospital accountants formed the American Association of Hospital Accountants (AAHA). They were interested in sharing Information and experiences in their industry, which was beginning to show signs of growth. First published in 1947, a small educational journal was created in an attempt to disseminate informa-tion of interest to their members.
After studying this chapter, you should be able to do the following: 1. Describe the importance of financial information in healthcare organizations. 2. Discuss the uses of financial information. 3. List the users of financial information. 4. Describe the financial functions within an organization. 5.
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