- 01/12/2012
- Posted by: essay
- Category: Free essays
The work covers the topic of the financial management in the Healthcare sphere. The main issues are the questions the concept of fiscal management, especially models for financing health care, and the practical result of budgeting and limitations to its application in medicine.
The paper presents a comprehensive analysis of the unit Health Organization: the planning of the financial result, the procedure of its implementing and controlling. Also it is pointed out that in the healthcare financial management there is no special lists of the most valuable financial ratios or the most valuable cost financial ratios and indicators that are that are the most valuable.
It stresses the fact that increase of public health care spending could reduce the size of expected federal budget surplus, and also the rising cost of health insurance will increase the number of uninsured and slow the growth on take-home pay for workers with insurance.
The work also identifies financial resources and regulatory constraints of healthcare management, and stresses that management should enhance conditions under which effective planning and budgeting increases the health management service’s chance of long-term survival. The paper has the most current information about the internal control , that is the most effective way to provide analysis of information about the reliability of financial reporting, effectiveness and efficiency of operations and compliance with applicable laws and regulations.
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