Discussion Board

Discussion Board

Primary Task Response: Within the Discussion Board area, write 600–800 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas:

You are the CFO for a 400-bed hospital in your community. You have been asked to present information to the local business organization on financial information and its importance to the stability of any business. You have been presented a list of questions from the group to answer in your presentation:

What is the importance of financial information to the hospital?
Who are the various users of the hospital financial information and how is the information used in healthcare decision making?
Discuss the different healthcare businesses and what are the financial and managerial differences?

Solution Preview

Financial information is monetary facts about the finances of a particular person or an organization which can be used to make business assessments’. It includes facts about their credit systems; their financial activities which may consist of their purchase, and information about their loans. Economic data must be processed accords it is necessary for the operation of the business.

(889 words)