Financial Management
Unit II
1. Top of Form
Understanding the basic financial statements is crucial for effective performance in any healthcare management position today. ( Balance Sheet), explain its primary purpose, and discuss important aspects of that statement. Also, comment on how the statement you selected relates to other key financial statements.
Response should be at least 200 words.
2. Describe the six basic accounting concepts that all healthcare managers should understand. Your response must be at least 200 words in length.
3. Why is it so important for a healthcare organization to develop a five-year strategic financial plan, not just an annual budget? Your response must be at least 200 words in length.
4. Why is financial ratio analysis crucial for understanding the financial position of a healthcare organization? Select any three of the commonly used financial ratios, provide the formula, and briefly explain what it tells us about the status of the healthcare facility. Your response must be at least 200 words in length.
5. Explain the difference between direct and indirect costs for a healthcare organization. Provide and discuss at least one example of a direct cost in health care and one example of an indirect cost in health care. Your response must be at least 200 words in length.
Berger, S. (2014). Fundamentals of health care financial management: A practical guide to fiscal issues and activities (4th ed.). San Francisco, CA: Jossey-Bass.
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Communication skills
1. Think of a personal example illustrating when you have used verbal and nonverbal communication to get a point across. In responses to your classmates’ posts, offer suggestions on alternative methods for making the same point. Which type of communication do you feel is more powerful for you to use? Which style do you use more often at work versus in your personal life? Explain.
Response should be at least 200 words.
2. Describe the concept of organizational culture. Include how organizational culture can be used to effectively lead and what factors can contribute to that culture. Your response must be at least 200 words in length.
3. Present three of the five types of organizational power. Provide a description of each type, a real-life example or scenario of a person with that power, as well as any potential abuses of that power. Your response must be at least 200 words in length.
4. Illustrate three of the six ways of communicating supportive verbal messages. Provide a real-life example for each illustration. Your response must be at least 200 words in length.
5. Define the four leadership approaches. Give a real-life scenario or example for each approach. Your response must be at least 200 words in length.
6. Describe four of the eight nonverbal messages. Provide a real-life example for each illustration. Your response must be at least 200 words in length.
Beebe, S. A., & Mottet, T. P. (2016). Business and professional communication: Principles and skills for leadership (3rd ed.). Boston, MA: Pearson.
