Chron Small Business
The role of financial management in the healthcare industry is essential, especially as the complexity of the systems continue to evolve. Responsible financial management is important in all businesses, but within the healthcare industry, fiscal strategies are directly related to patient outcomes, overall facility effectiveness, and the general wellbeing of those in need of medical treatment. Healthcare financial managers have the unique responsibility of operating profitable facilities while maintaining a public health-focused approach that aims to reduce costs for insurers and and out-of-pocket payers.
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