Suppose you were the financial manager of a not-for-profit business (a not-for-profit hospital). What kinds of goals do you think would be appropriate?
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- How will you, as a health care manager, be engaged in the long-term finance of your organization? Give specific instances of what you're talking about.How will I, as a health care manager, be involved in long-term financing for your organization? Provide examples.What stakeholders are most interested in the financial condition of a health care business? Why is this important? What have generally accepted accounting principles (GAAP)? What is the purpose of GAAP? Explain the difference between cash accounting and accrual accounting? Why is this important?
- What is your present understanding of the short-term versus long-term financial needs of an organization? What might be some short-term financial needs of an organization? What might be some long-term financial needs of an organization? Why might these different types of needs be important to an organization’s success and overall financial health?What is the key issue currently facing healthcare managers? Do you think this is something that financial managers face in industries other than healthcare?what is the dilemma faced by health care finance managers in light of the ultimate goals of health care finance?
- Assume yourself as a senior manager of a healthcare organization and you have given the responsibility to take Capital Investment Decision. Explain what are the available options you have and which one will you choose and why.Please describe factors that influence the financial viability of a healthcare organization and discuss the major aspects of Medicare benefits? and how do legal and regulatory issues shape and define the good financial management of an HCO?Do non-financial general managers need financial management skills? What about clinical managers?
- What is forecasting in a healthcare business. Provide an example of how forecasting is conducted in a healthcare organization.Please ASAP. Please give a brief explanation. Thank you. Define and discuss the concept of the double bottom line as it relates to management of nonprofit organizations. Should the success of nonprofit leaders be measured by both bottom lines?Which of the following activities will worsen your chance of financial success? Check all that apply. Knowledge of the general condition and events occurring in the local, state, regional, national, and international economic environments. The development of an effective plan that is consistently applied until it is revised in accordance with changes in your goals and life circumstances. The development of personal financial goals and target dates that are consistent with your values, attitudes, and behaviors. Knowledge of what other average people believe and how they behave, because they affect the same financial markets and economic conditions that affect you..