Healthcare financial accounting is critical because of the demand for efficiency and performance which includes preferences, health care cost and excess demand for services. Financial ratio analyses of hospital cost derived from data analysis of healthcare revenue studies of cost supply and demands supported claims of market power used to demonstrate price differences among hospitals.
The fact that every dollar spent in health care service represents an expense profit with 83% growth costs which changes the revenue of the company total expenses financial statement accounts year after year. By better understanding the costs of various activities, health care services providers and shareholders can improve the efficiency of hospital and physician
The fact that every dollar spent in health care service represents an expense profit with 83% growth costs which changes the revenue of the company total expenses financial statement accounts year after year. By better understanding the costs of various activities, health care services providers and shareholders can improve the efficiency of hospital and physician