Healthcare Finance

Financial Management of Healthcare Financial management is a vital part of organizational effectiveness, it is a discipline with a long and respected history. Health care service […]

Assets, Liabilities, and Net Worth Assets, Liabilities, and net worth are part of the language of finance. As such, it is important to understand both their […]

Cost Classifications Distinction Between Direct and Indirect Costs The critical distinction for the manager is that the cost is directly attributable. Whatever the manager is responsible […]

Expenses (Outflow) Expenses are the costs that relate to the earning of revenue. Another way to think of expenses is as the costs of doing business. […]

Financial and Operating Ratios as Performance Measures Ratios are convenient and uniform measures that are widely adopted in healthcare financial management. They are important because they are […]

Financial Reports There are four basic financial statements. We can think of them as a set. They include the balance sheet, the statement of revenue and […]

Revenues (Inflow) Revenue represents amounts earned by an organization that is actual or expected cash inflows due to the organization’s major business. In the case of […]

The Annual Financial Management Cycle The annual management cycle affects the type and status of information that the manager is expected to use. Some operating information […]

Types of Accounting There are two types of accounting: Financial Financial accounting is generally for outside, or third-party use. Thus, financial accounting emphasizes external reporting. Financial […]