The Role Of Finances For Health Care Systems - 1507 Words

The role of finances for health care systems Inc. will be for managing the business’s finances. This ensures having cash available for expenses to ensure the business stays afloat and to ensures there is cash to provide a cushion for any costs that come up unexpectedly. Ensuring that the finances are managed means the company can make plans to ensure the future of the company (Brumley, 2015) and utilize the resources of the company to ensure its running at peak proficiency. The primary users for the financial information will be the finance department which consists of the chief financial officer, comptroller, treasurer and the personnel in charge of specific financial information within the company departments. This whole department reports to the chief executive officer who is responsible for all financial transactions for the company (Gapenski, 2013). There are many legal and regulatory issues that this business has to follow due to being in the health care industry. S ome of these issues are that the health care industry is highly regulated for people entering the industry for the well-being of the public. The personnel working in the health care industry have to be licensed or state certified. The facilities themselves have to be licensed and inspected by state personnel that ensure the quality of the facility and the personnel. The legal concerns for this health care business are varied for the health care industry but the primary concern is professionalShow MoreRelatedFinancing Of United States Health Care1127 Words   |  5 PagesStates Health Care Financing the United States (U.S.) health care system is complicated and difficult at best. The role policy makers and health care professionals play in the reform and restructuring of the U.S. health care system is very important. 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