Financial Environments Worksheet

PART ONE: Identify three specific examples of entities with for-profit, not-for-profit, and government financial environments in the health care industry. Compare the similarities and differences between the for-profit, not-for-profit, and government financial environments.

Worksheet Attached

PART TWO:

Identify one entity from each health care financial environment identified in the Financial Environments worksheet.

Write a 1,050- to 1,400-word summary that compares the financial environments of these three entities.

Address the following for each environment:

Describe the financial structure.
Which policies are unique to the financial environment?
Which financial management practices are prevalent in the financial environment?
Explain why effective financial management is more difficult in health care than in other industries.
Format your assignment according to APA guidelines.

Click the Assignment Files tab to submit your assignment.

Solution Preview

For-Profit Financial environment

For-profit organizations they concern with investments that earn profits and revenue as they are required to make profits in order to finance their operations. Also, they are required to pay taxes, and this is reflected in the financial statements. They balance both their profits and expenditure to ensure smooth running. Profit entities can also be referred to as artificial persons, meaning they can enter into contracts, sue and be sued,

(1,058 words)