An examination of the differences between a financial manager in the healthcare industry and other industries.
… issues that surrounds the healthcare financing. Moreover, these financial managers are also aware of special tax laws along with the regulations that affect their industry (Baker, 1999).
For instance, particularly in business, the role of the financial manager is to change in response to technological advances that reduces the amount of time it takes to make financial reports. They usually work on teams, and mostly act as …
… in nature, therefore, they usually concentrate on developing their management skills, and leave behind the inspiring and consensus-building function that distinguish leadership to other finance managers of industries and organizations.
Problems in Strategic Financial Planning in HealthCare Industry
Since there is an increase of more rigorous, rigid requirements, as well as a fall reimbursement for the non-profit hospitals that has affected the overall expectations of …
… Financial Management.
Westchester; Apr 2000.
Financial Management. College of Business Administration, University of South Florida, Tampa, FL 33620-5500. http://www.fma.org
Baker, J Baker. Healthcare Finance: Basic tools for Non-financial Managers. Aspen Publications 1999.