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Financial Management in Healthcare Organizations: Roles & Functions

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

The primary role of financial management in healthcare organizations is to manage _____ to achieve the financial goals of the organization.

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1. Shawn is part of the financial team in a healthcare organization. When making an expenditure, he must consider the _____ and benefit of the investment and the _____ that will be incurred.

2. Emily works at a healthcare organization and wants to hire someone who is trained to identify, assess and mitigate risks. Who should she hire?

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About This Quiz & Worksheet

Take this short quiz and discover how much you know about financial management in healthcare. Questions will assess your comprehension of fundamental topics such as the main role of financial management in healthcare organizations and the things to consider when evaluating investments.

Quiz & Worksheet Goals

You'll be quizzed on the following points:

  • Individual to handle risks at a healthcare organization
  • Explanation of working capital
  • Function of financial management where operations are analyzed

Skills Practiced

  • Reading comprehension - make sure you know the most important information from the lesson on the primary role of financial management in healthcare organizations
  • Knowledge application - use your knowledge to answer questions about the areas of concern with regard to evaluating investments in a healthcare organization and the person who can handle risks for these organizations
  • Defining key concepts - make sure you can accurately define working capital

Additional Learning

To learn more about healthcare spending, you can look over the lesson named Financial Management in Healthcare Organizations: Roles & Functions. These topics will be explored:

  • Importance of financial management at healthcare organizations
  • Long-term investment decisions/fundraising
  • Management of contracts with external organizations and third-parties
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