How much should health care executives know about finance and accounting

With the accelerated growth of the health care sectors it is becoming more and more important for managers to understand and evaluate financial information.

  • How much should health care executives know about finance and accounting?
  • Are there any other types of information besides financial that may be useful in making financial decisions?
  • Why are NFP (not for profit) health care organizations not required to publish their financial statements?
  • If three physicians are considering opening a new practice that would employ 15 people, which type of business organization would you recommend that they create? Why?

You may need to perform additional research beyond your textbook to address a one or more of these questions. If you use outside resources, other than your textbook, to support your positions, please be sure to cite your source(s) and list the URL(s) as applicable. Wikipedia is not an acceptable source.

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