I’m working on a health & medical report and need an explanation and answer to help me learn.
Write an essay on healthcare financial management.
- Describe the six major objectives of healthcare financial management.
- Is one of the six objectives more important than the others? Why or why not?
- Provide the mathematical accounting equation used to calculate total assets, liabilities, and net assets and describe what each element in the equation represents.
- Who in the healthcare organization would use this calculation?
- Why is this calculation important in healthcare financial management?