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Ultimately, the chapter discusses the impact of analyzing financial statement information on nurse managers and executives. As such, this chapter helps in defining and explaining financial management for nurses.
Chapter 8 explores cost analysis with respect to cost management especially in the health sector. This chapter defines and introduces cost management in health care and explains the basic concepts that drive cost analysis in any financial setup. More so, this chapter discusses various techniques that help in cost estimation in the health sector. With respect to cost analysis, this chapter defines and discusses break-even analysis to establish the most convenient financial level to operate (Finkler et al., 2012). The chapter also discusses the impact of cost management on nurse managers and executives. According to this chapter, all nurse managers and executives should ensure that the financial position in healthcare should meet the break-even point for it to remain profitable. This is only achievable through cost management.
Chapter 9 discusses how to determine the healthcare costs and prices. The chapter highlights the factors to consider while determining the healthcare costs and prices. These factors include the costs for reporting versus the costs for management, traditional cost-finding methods, and costing out nursing services (Finkler et al., 2012). The chapter reckons a specific approach to costing nursing services that determines the healthcare costs and prices. The chapter establishes product-line costing and activity-based costing as methods of determining the healthcare costs and prices. Moreover, it recognizes setting prices, nursing intensity weights, and financial reimbursement for nursing services as aspects that determine the healthcare costs and prices in healthcare (Finkler et al., 2012). Ultimately, the chapter establishes the key concepts of determining the healthcare costs and prices and defines the limits of the relative
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e research analyzed current, forecasted and budgeted performance of Synovate FZ-LLC. Synovate FZ-LLC is a market research consultancy in Dubai. It is a free zone company registered with limited liability pursuant to regulations issues by Dubai Government and Media Free Zone Private Regulations, 2003.
Linda defines the issue aptly by using the pertinent information investigated and collected in the health care. She illustrates 5 influencing aspects that cause the scarcity of nursing faculty and nurses in hospitals. The challenges and consequences of failing to address the issue are elaborated in the article amicably.
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In this paper, two papers by Read & Batson (1999) and Bewing (2005) are reviewed and compared. Both papers discus different themes and approaches of how to efficiently use spreadsheets to model financial activities.
Real financial environments are simulated by computer models as to better understand and understand its future.
He says that both the crisis, then and now have great many similarities but different outcomes. He lays down four major reasons for both the crisis. First, according to him are that surplus of savings in a number of countries- the oil producers in the 1970s, the Asian economies and commodity exporters today.
The chosen article is in the area of finance and economics with a direct focuses on banking. The article is written in the overall milieu of the financial development and development of financial structure and their concomitant and possible impact on bank performance as measured by the chosen indicator(s).
The literature review is not just a review of the past research but a critical analysis of these researches. The literature review will assist in understanding the scope of the research that has been carried out before on the topic to ensure the current research is relevant.
Tompkins cuts down the numerous number of management strategies to four models of management (Emerson, Menkus & Van Ness, 2010). He effectively explains the four models of management and how they could effectively implemented in any organization
When a firm transacts using one currency and gets paid using another, there is always a risk of losing money and making prefects. For instance, when a firm buys stock in dollars and sells the same in pounds, it incurs the risk
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