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PROFIT-BEARING ADMINISTRATORS: EXPLORING THE APPLICATION OF ECONOMICS AND FINANCIAL CONCEPTS IN HEALTHCARE MANAGEMENT

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Date Issued:
2017
Abstract/Description:
Healthcare managers face an incredible challenge today; understanding and implementing financially and economically sound decisions in the complex healthcare environment of the United States. The pressure to be profitable managers is greater than ever. Considering current research, past studies, and articles focused on the demands of healthcare managers will illuminate the state of health care administration, and the importance of real world application of accounting and economics in healthcare. This thesis will explore and examine research about industry standards, and the need for preparedness in healthcare finance management. It will also examine the important and complex role of accounting and economics in healthcare administration by answering the three following questions: What do administrators, according to studies and literature available, believe is essential to becoming and remaining effective managers? What financial and economic concepts are understood and implemented by healthcare managers? What changes, if any, are necessary to adequately train and educate future healthcare administrators for successful financial management? The answers to these questions will highlight the impact of the economic, political, and social changes on administrators, as well as the best ways to succeed despite the difficulties often faced by those in this field.
Title: PROFIT-BEARING ADMINISTRATORS: EXPLORING THE APPLICATION OF ECONOMICS AND FINANCIAL CONCEPTS IN HEALTHCARE MANAGEMENT.
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Name(s): Riddick, Brandon K, Author
Wessel, Philip K., Committee Chair
University of Central Florida, Degree Grantor
Type of Resource: text
Date Issued: 2017
Publisher: University of Central Florida
Language(s): English
Abstract/Description: Healthcare managers face an incredible challenge today; understanding and implementing financially and economically sound decisions in the complex healthcare environment of the United States. The pressure to be profitable managers is greater than ever. Considering current research, past studies, and articles focused on the demands of healthcare managers will illuminate the state of health care administration, and the importance of real world application of accounting and economics in healthcare. This thesis will explore and examine research about industry standards, and the need for preparedness in healthcare finance management. It will also examine the important and complex role of accounting and economics in healthcare administration by answering the three following questions: What do administrators, according to studies and literature available, believe is essential to becoming and remaining effective managers? What financial and economic concepts are understood and implemented by healthcare managers? What changes, if any, are necessary to adequately train and educate future healthcare administrators for successful financial management? The answers to these questions will highlight the impact of the economic, political, and social changes on administrators, as well as the best ways to succeed despite the difficulties often faced by those in this field.
Identifier: CFH2000212 (IID), ucf:45922 (fedora)
Note(s): 2017-05-01
B.S.
College of Health and Public Affairs, Department of Health Management and Informatics
Bachelors
This record was generated from author submitted information.
Subject(s): healthcare
management
economics
finance
long-term care
Persistent Link to This Record: http://purl.flvc.org/ucf/fd/CFH2000212
Restrictions on Access: campus 2018-05-01
Host Institution: UCF

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