Viability In Healthcare

Satisfactory Essays
To be successful in the healthcare industry, a healthcare administrator graduate needs to understand the connection between accounting and finance, and the inner components that determine the healthcare organizations financial viability. The financing department mostly focuses on the net cash flow. On the other hand, accounting focuses on the net profit. Both financial and accounting are dependent on the accuracy of the data that they both produce. The viability of a healthcare organization is determined through the collaboration and accuracy between the financial, and accounting, departments. It is important for graduates entering into a healthcare administration position to be part of the collaboration to help ensure the financial
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