QUESTION 1 The demand for healthcare administrators has gone up substantially ov

QUESTION 1
The
demand for healthcare administrators has gone up substantially over
recent decades, as has the salary range for the position. The job of
managing healthcare facilities has become more challenging and more
important than ever before. How would you describe the dual purpose of
financial management in health care today?
Your response must be at least 225 words in length.
QUESTION 2
An
essential aspect of healthcare financial management for any medical
facility is the year-end closing. What are the primary accounts that
must be addressed in the year-end closing process? List these accounts,
and briefly describe the procedure for each.
Your response must be at least 225 words in length.
QUESTION 3
What
is meant by a pro forma financial statement? How are pro forma
financial statements utilized in determining whether a major proposed
project for the healthcare organization should be approved or not?
Provide at least two examples of healthcare projects that should be
analyzed by pro forma statement before making a go or no-go decision.
Your response must be at least 225 words in length.
QUESTION 4
Consider
the big picture of our American economy with health care being an
important part of it. How does the large share of American gross
domestic product (GDP) that we spend on health care each year impact our
nation’s economy overall? What other areas of our economy may currently
be suffering because of so much medical spending? In your view, can
America continue to spend this much money on health care without
sacrificing the quality of American life in other areas? Why or why not?
Please support your position.
Your response must be at least 225 words in length.