What parties are responsible for hiring the top management

Assignment Help Operation Management

Reference no: EM131843699

Jessica Nelson has an undergraduate degree in psychology from a fine university where the sky is always blue. Because of her interest in doing good deeds and helping society, she is considering a career as a hospital administrator and has been exploring the possibility of obtaining a master in health administration degree from a prestigious university near the beach.

While studying the degree requirements, which were posted online, she noticed that one of the required courses was "Healthcare Accounting" Jessica has never had any business courses, does not know any accounting, and cannot quite understand why a hospital administrator would need to know accounting.

She thinks a hospital administrator's efforts should be focused on patient care. You can help Jessica by explaining a number of concepts to her.

What parties are responsible for hiring the top management (e.g., CEO, CFO) of a hospital?

What is a major, regular source of financial information that the parties responsible for hiring a hospital's top management receive at their periodic meetings?

What types of information are contained in financial statements prepared under general accepted accounting principles (GAAP)?

Who are some of the individuals who might want to use the information in the financial statements?

What specific decisions might the individuals you identified in the previous question make based at least partly on GAAP-based financial statements?

How would external reporting of GAAP-based financial statements differ for a non-profit hospital compared to a for-profit hospital?

Name at least two government regulators who would demand financial information from a hospital, either non- profit or for-profit?

A famous quote in healthcare circles is "no margin, no mission." What does this statement mean, and how does it connect to healthcare accounting?

Reference no: EM131843699

Questions Cloud

Explain the difference of active vs passive : Explain the difference of Active vs Passive immunity as related to the vaccination of this puppy for distemper.

Gallons of water convert from english to metric : How do you convert English to metric units example a 5'10, 17Ibs man drank .25 gallons of water convert from English to metric

Classification or classifications of bacteria : Refrigeration (-4 degrees Celsius) is used to slow down the spoiling of food which classification or classifications of bacteria would be of concern

What are the most common security risks : As capabilities and functionality are added to devices, the differences between PC, e-reader, smartphone, and PDA gets blurred.

What parties are responsible for hiring the top management : What types of information are contained in financial statements prepared under general accepted accounting principles (GAAP)?

Describe the pathophysiology of the influenza virus : Describe the pathophysiology of the influenza virus. Outline the properties of influenza A antigens that allow them to exert their effects in the host.

Diagnosis for neonatal and non-neonatal conjunctivitis : Why is there are distinct differential diagnosis for neonatal and non-neonatal conjunctivitis.

Dendrite of the postsynaptic neuron : 1.In a chemical synapse, the axon terminal of the presynaptic neuron is in direct contact with the dendrite of the postsynaptic neuron.

Would you have access to the markov state then : Broken Vision System. Imagine that you are a vision system. When you are first turned on for the day. Would you have access to the Markov state then?

User Account

All Pages