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THE CONTEXT OF HEALTH CARE FINANCIAL MANAGEMENT

LEARNING OBJECTIVES

• Identify key factors that have led to rising health care costs
• Identify key approaches to controlling health care costs
• Identify key ethical issues resulting from attempts to control costs
Never before have health care professionals faced such complex issues and practical difficulties trying to keep their organizations financially viable (see Perspective 1-1). With turbulent changes taking place in payment, delivery, and social systems, health care professionals are faced with trying to meet their organization’s health-related mission in an environment of extreme cost pressure. To provide a context for the topics covered in this text, this chapter highlights key issues ...

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