Prime role is played by hospital administrators in managing the finances of healthcare institutions, making sure that resources are used efficiently and effectively. They should maintain high standards in patient care. Their responsibilities vary from budgeting and revenue generation to financial reporting, cost control, and long-term planning. Financial management made in more effective manner helps ensure that a hospital can continue to operate sustainably, meet its financial obligations, and invest in future growth and improvements and the remain in a financially stable environment.
FINANCIAL MANAGEMENT
Financial
management is the aspect of hospital administration which relates to its
sustainability and which requires utmost care. It requires utmost care and ability
and requires a system based approach. So a balanced approach on
financial aspects must be considered so that expenses will be minimum in relation to incomings. Financial
stability of a hospital results in its effective functioning and the yielder of
optimal performance from employees. Proper maintenance of the records related
to financial matters must be kept and financial transactions must ensure
transparency.
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CONCLUSION
Financial management is the duty of a hospital administrator which results in the efficient functioning o of the hospital. A course on Hospital administration, 6 months course kannur will enable those interested with a rewarding career in the filed of healthcare.
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