Transcription of INTRODUCTION TO HEALTHCARE FINANCIAL MANAGEMENT
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INTRODUCTION TO HEALTHCARE FINANCIAL MANAGEMENT
CHAPTER3 INTRODUCTION TO HEALTHCARE FINANCIAL MANAGEMENTL earning ObjectivesAfter studying this chapter, readers should be able to explain the difference between accounting and FINANCIAL MANAGEMENT ; discuss the role of FINANCIAL MANAGEMENT in health services organizations; explain how the goals of investor-owned and not-for-profit businesses differ; describe, in general terms, the tax laws that apply both to individuals and to HEALTHCARE businesses; and assess the implications of the major changes facing HEALTHCARE delivery for the FINANCIAL MANAGEMENT of HEALTHCARE study of HEALTHCARE FINANCIAL MANAGEMENT is fascinating and rewarding. It is fascinating because so many of the concepts involved have implications for both professional and personal behavior. It is rewarding because the health-care environment today, and in the foreseeable future, is forcing managers to place increasing emphasis on FINANCIAL implications when making operating and foremost, FINANCIAL MANAGEMENT is a decision science.
6 Gapenski’s Understanding Healthcare Financial Management Taken together, the pedagogic structure of the book is designed to make the learning of healthcare financial management as easy and efficient as possible. 1. Briefly describe the key features of the text designed to enhance the learning experience. SELF-TEST QUESTION
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