Health Care Financial Terms Week One Essay

Controlling is the answer that conductors use to ensure that the company plans and goals argon being attained. By comparing root word to each other argonas that are work and succeeding are defined and the expanses where problems are occurring can be addressed and correct (Baker & Baker, 2011).A manager has quad different, lets cite squads that subject area to this manager. Controlling would be when team A, B, C, and D submit the teams monetary report to the manager. The manager would inspection all four teams to ensure the teams are meeting the financial goals. So, in this scenario Team A, B, and C is on target and meeting the goals. However, Team D has not met the goals.The manager needs to review the team Ds jump on determine where the problem is, such as cutting cost, the resource allocation, operating procedure, or other issues. Without controlling the teams and reviewing progress, other area provide suffer. finality qualificationDecision making is management making assured decisions based on all schooling that accomplishes the companys goals (Baker & Baker, 2011).The company is making a decision on purchasing electronic medical personalitys. The financial reports will inform management of the financial emplacement on the company and the marrow of notes they can budget for the purchase of this the EMR.OrganizingOrganizing is a term for companies to decide how to use resources for the dress hat outcome for the company (Baker & Baker, 2011).A manager is given a certain amount of revenue and the manager decides where the money is allocated for the division to accomplish the goals set by thecompany. cookingTo succeed, companies need corporate goals. Planning is identifying the goals and resources. place out the steps by apply the resources to accomplish those goals (Baker & Baker, 2011).A manager has a specific project to install and to make the primary function of the project. The manager deeds out a step by step plan from the beginni ng to the terminus of implementing the project until the project is complete and accomplishes the goal. skipper recordsWhen a transaction is recorded into a journal or ledger this becomes the passe-partout records (Baker & Baker, 2011).A patient makes a earnings of $100. This payment is entered into the patients single file and payment history. This entry is an original record in the companys income ledger. audienceBaker, J. J., & Baker, R. W. (2011). Health Care Finance base Tools for Nonfinancial Managers (3rd ed.).Sudbury, MA Jones and Bartlett Publishers, LLC.