The topic of health care management has escalated to one of the most widely discussed and debated topics in the health care industry, MBA programs, and in the field of medicine in general. In the 1980s, the industry was relatively stable and the need for combining business acumen with medicine was less than today. However, as we enter the 21st century, the need for applying business and management skills to the health care industry is stronger than ever. This Encyclopedia covers every topic a medical professional, institutional administrator, or MBA student would need to know about the business of health care.
Chapter 4: Financial Analysis for Health Care Organizations
Financial Analysis for Health Care Organizations
The purpose of this chapter is to explain some basic concepts of finance. Financial analysis as it is conducted in for-profit and not-for-profit health care organizations is not often used in public health agencies. Financial analysis in public health does not require different methods, but it does ...