WGU C428 Financial Resource Management in Healthcare Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE

WGU C428 Financial Resource Management in Healthcare Exam Questions and Answers| ALREADY PASSED |2024 LATEST UPDATE Finance within a healthcare organization can be condensed into the "four Cs": Costs Cash Capital Control The finance department manager who handles capital acquisition, investment management, and risk management activities Treasurer The finance department manager who handles accounting, budgeting, and reporting activities. Comptroller The head of the finance department holds the title of chief financial officer. (The title of vice president-finance is also used.) This individual typically reports directly to the organization's chief executive officer (CEO) and is responsible for all finance activities within the organization. CFO (Chief Financial Officer) The measurement and minimization of _____ are vital activities to the financial success of all healthcare organizations. Rampant ____, compared to revenues, usually spell doom for any business. costs A business might be profitable but still face a crisis because of a shortage of _____. ______ is the lubricant that makes the wheels of a business run smoothly; without it, the business grinds to a halt. cash _____ represents the funds (money) used to acquire land, buildings, and equipment. Without _____, healthcare businesses would not have the physical resources needed to provide patie