Reflective Journal: Financial Management Measures
Create a journal assignment in which you provide a concise description of the purpose of financial measurement in healthcare.
Next, list the major financial measures that are monitored by financial managers in the healthcare industry and, for each measure, provide one or two examples of decisions that might be informed by that measure.
Finally, identify the one or two measures you found during your research that are most important for the survival of a healthcare organization. Using that evidenced-based research, explain why these measures are important. To assist you with writing this journal, see below for some valuable resources:
https://archive.ahrq.gov/data/safetynet/needleman.htm
https://www.beckershospitalreview.com/finance/5-key-financial-ratios-healthcare- providers-should-track.html
For your assignment, use one-inch margins, single-spaced, Times New Roman, 12-point font and do not exceed two pages. Please be sure to list references on a concluding page, separate from the text of the reflective writing piece. 3 to 4 references.
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