Answer
Why is a general understanding of accounting and finance important to a
healthcare manager, even a manager who does not specifically work in
accounting or finance? Give some examples from the readings, of the
kinds of information managers need to manage healthcare departments.
Accounting provide us information’s regarding every type of business
transactions. It is not only providing information but also instrumental in
memorizing and drawing results from records. In the field of healthcare also,
health care units not only wants to have the information’s about doctors, patients
and other allied but also wish to keep the accounting record for all of them as it
helps in taking care of the track record of patients, amount paid by them, the
profitability of each department, the payment made to doctors and phytheraists
and payment made to other staff and administrative staff etc.
1) It is important for a health manager to record the transactions.
2) It is important for maintain proper records of accounts.
Why is a general understanding of accounting and finance important to a
healthcare manager, even a manager who does not specifically work in
accounting or finance? Give some examples from the readings, of the
kinds of information managers need to manage healthcare departments.
Accounting provide us information’s regarding every type of business
transactions. It is not only providing information but also instrumental in
memorizing and drawing results from records. In the field of healthcare also,
health care units not only wants to have the information’s about doctors, patients
and other allied but also wish to keep the accounting record for all of them as it
helps in taking care of the track record of patients, amount paid by them, the
profitability of each department, the payment made to doctors and phytheraists
and payment made to other staff and administrative staff etc.
1) It is important for a health manager to record the transactions.
2) It is important for maintain proper records of accounts.
