HEALTHCARE FINANCIAL MANAGEMENT

HEALTHCARE FINANCIAL MANAGEMENT
Paper details:
THIS IS A COURSE ASSIGNMENT. THERE ARE TWO QUESTIONS, REFERENCING THE TEXT BOOK IS NECESSARY (Course Textbook Finkler, S. A., Purtell, R. M., Calabrese, T. D., & Smith, D. L. (2013). Financial management for public, health, and not-forprofit organizations (4th ed.). Upper Saddle River, NJ: Prentice Hall.) AND ONE OTHER SOURCE OTHER THAN THE TEST BOOK. CHAPTER 1 AND 2 IS THE KEY FOR THIS PARTICULAR ASSIGNMENT. PLEASE FIND THE QUESTIONS BELOW: 1.What is the difference between financial management, managerial accounting, financial accounting, and finance? Briefly describe each of these terms as they relate to the healthcare services industry. What are some sources of healthcare financing and uses of financial resources in the industry? 2.As you read in the Unit I lecture, the United States spends two to three times as much as other developed countries. explain why this happens and what you believe the United States could implement to reverse this spending in the healthcare field.

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