"The goal of financial and operational analysis for the manager is to determine the creditworthiness of the health care organization." Do you agree with the statement? Why or why not?
What will be an ideal response?
Disagree. A manager certainly cares about the ability of the organization to provide for debt service; however, that objective is more likely associated with financial analysts who evaluate the organization in determining whether to invest in its bonds. Managers primarily have an internal focus and analyze finances and operations for the purpose of assessing performance for which they are accountable. Managers are also aware that third-party payors, such as insurance companies and the federal government, analyze the financial and operational performance of the organization in order to determine appropriate payments for service, either retroactively or prospectively.
You might also like to view...
Discuss purchasing power and its relationship with income
What will be an ideal response?
1. A __________ is a suite of programs for constructing and maintaining the database and for offering ad hoc query facilities to multiple users and applications
What will be an ideal response?
If in the GENERIC ERD the Symbol 1 is >| and the Symbol2 is ||, then the number of columns in the relational schema resulting from mapping the GENERIC ERD is 5
Indicate whether the statement is true or false
The ____________________ of a stock is the price at which it is currently selling
Fill in the blank(s) with correct word