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Read Me First HCA/270 Week One Introduction fiscal INFORMATION IS authorised TO EVALUATE A HEALTH CARE ORGANIZATIONS financial VIABILITY. THE FINANCIAL CONDITION HELPS DETERMINE WHETHER AN ORGANIZATION IS competent TO OPERATE NOW AND IN THE FUTURE. THE ORGANIZATIONS FINANCIAL INFORMATION MAY HELP SHAPE OPERATING PROCESSES AND uphold IN IMPROVEMENT EFFORTS TO OPERATE CONSISTENTLY. DECISIONS ARE MADE every(prenominal) DAY BASED ON THE ORGANIZATIONS FINANCIAL STATUS. ACCURATE DATA AND CALCULATIONS ARE A NECESSITY IN KEEPING UP WITH THE CHANGES IN HEALTH CARE set AND PHYSICIAN PRACTICE REIMBURSEMENT. Finance and explanation are lots closely related in a health business deftness or physician practice even though they are concerned with different things. Finance is mainly close to making decisions for the future while accounting is about the past. A manager cannot make sound financial decisions without understanding accounting information first. Almost every health care facility has one or more financial managers who prepare financial reports, direct investment activities, and implement cash management strategies. These sea captain single-valued functions are closely related and, at many times, intertwined.

The role of managers consists of overseeing financial reports, directing investment activities, and preparing cash management strategies. They mould an important role in mergers and consolidations, global expansions, and financing, to reduce risks and maximize profit (Crainer & Dearlove, 2004). Duties also consist of planning, directing, and coordinating accounting, investing, banking, insurance securities, and separate corporate financial activities (Occupational Employment Statistics, para. 1). Skills needed for this field overwhelm interpersonal skills, communicating skills, creative thinking, problem solving skills, and comfortability with engine room and business. In addition to the general duties, all financial managers answer tasks unique to their organization or industry. For example,... If you want to get a full essay, order it on our website: Orderessay

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