Healthcare Finance

August 30, 2018

An Introduction to 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 […]
August 30, 2018

Assets, Liabilities, and Net Worth

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 […]
August 30, 2018

Cost Classifications

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 […]
August 30, 2018

Expenses (Outflow)

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. […]
August 30, 2018

Financial and Operating Ratios as Performance Measures

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 […]
August 30, 2018

Financial Reports

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 […]
August 30, 2018

Revenues (Inflow)

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 […]
August 30, 2018

The Annual Financial Management Cycle

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 […]
August 31, 2018

Types of Accounting

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 […]