The six major objectives of healthcare financial management are: 1) Generating income 2) Protecting tax status 3) Managing expenses 4) Ensuring adequate funding 5) Maintaining liquidity 6) Planning for the future The author would benefit most from further studying expenses and liquidity management, as those areas tend to be the most challenging. Additional case studies and consultation with professionals in the field could help strengthen their understanding.

1. Healthcare Finance: generating income to protecting tax status
Healthcare Finance: generating income to protecting tax status ON Healthcare Finance:
generating income to protecting tax statusThe purpose of healthcare financial management
is to provide both accounting and finance information to assist managers in accomplishing a
healthcare organization’s goals and objectives. A variety of managers assist in this role,
often led by the organization’s CEO (Chief Executive Officer) and CFO (Chief Financial
Officer). It is important for healthcare managers at all levels to have a working knowledge of
the six major objectives of healthcare financial management. Each of these objectives
complement each other to build a successful organization – from generating income to
protecting tax status. Our Case allows for the study and exploration of each of the six
objectives. Healthcare Finance: generating income to protecting tax statusCase
AssignmentAfter completing the required readings:Articulate the six major objectives of
healthcare financial management. What does each individual objective encompass? Be as
specific as you can in your descriptions.Which of the six do you have experience with, and
which do you feel you should devote extra study time to within this course? How could this
learning best be accomplished?Assignment ExpectationsConduct additional research to
gather sufficient information to your analysis.Provide a response of 3-5 pages, not
including title page and referencesAs we have multiple required items to be addressed
herein, please use subheadings to show where you are responding to each required item
and to ensure that none are omitted. your paper with peer-reviewed articles and reliable
sources. Use at least three references; a minimum of two from peer-reviewed
sources.PART2This Module’s SLP is intended to allow you to apply what you have learned
in the background readings regarding performing an analysis of a healthcare organization’s
basic financial statement of operations. After completing each part of the background
readings, search online for a healthcare organization’s statement of operations (at least two
years of data; the organization can be inpatient or outpatient, either real or fictitious).
Examine each of the columns and the totals in the statement of operations, using each of the
topics introduced in Chapter 3 of the required background reading by Dr. Nowicki (2018),
then answer the following:How is your chosen organization doing in terms of its overall
financial health?What is your assessment of the organization’s revenues, expenses,
operating income, nonoperating income, etc.? How have each of these lines changed from
one year to the next?What might the changes signify, and what might be the logical cause of
the changes? What would your recommendations be for the following year’s revenue
cycle?How do changes in the economic market often affect the healthcare financial

2. environment? Do you believe the healthcare revenue cycle models the rises and falls of the
larger economy?SLP Assignment Expectations Healthcare Finance: generating income to
protecting tax statusConduct additional research to gather sufficient information to your
analysis.Provide a response of 3-5 pages, not including title page and references. Include a
copy of the organization’s statement of operations as an Appendix at the end of your
assignment.As we have multiple required items to be addressed herein, please use
subheadings to show where you are responding to each required item and to ensure that
none are omitted. your paper with peer-reviewed articles and reliable sources. Use at least
two references from peer-reviewed sources.Reference:Nowicki, M. (2018). Introduction to
the Financial Management of Healthcare Organizations (Vol. Seventh edition). Chicago,
Illinois: Health Administration Press. Part 1; pages 3-88. Available in the Trident Online
Library.View: Healthcare Finance 101 with Steve Febus, Pullman Regional Hospital Chief
Financial Officer: Understanding the Costs of Full Service Healthcare.
(2017). https://youtu.be/N-SumPdb2PI