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Health Care Operations and Supply Chain Management: Strategy, Operations, Planning, and Control by Evelyn Brown, John F. Kros

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CHAPTER 2

FINANCIAL ASPECTS OF HEALTH CARE OPERATIONS AND SUPPLY CHAIN MANAGEMENT

LEARNING OBJECTIVES

  • Describe three financial statements and what they measure.
  • Understand the basic financial ratios and metrics for health care operations and supply chain management.
  • Know what time value of money is and how it is used.
  • Understand break-even and crossover analysis.

HEALTH CARE FINANCE AND OPERATIONS/SUPPLY CHAIN MANAGEMENT

Health care organizations interact in a unique financial environment. To get an understanding of how operations and supply chain management (SCM) can benefit the organization, it is important to discuss financial statements, specifically how revenues and costs impact these documents. To many health care professionals, accounting ...

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