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Finance for non-finance managers (health-care)

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Discussion question : Considering your leadership role and responsibility in developing financial acumen among non-financial managers within your organization(hospital or health sector), discuss what specific approach you've used or would use to promote improved understanding and accountability to improve financial performance.

(just a paragraph with no more than half page)

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***350+ words with 2 references. I hope this helps generate discussion on the topic.***

It is important as managers in the health care industry to ensure that non-financial managers have a working knowledge of finance. There are some situations where this may not necessarily be necessary - for instance in the case of an elite surgeon; however generally most doctors understand the finance process, and many develop much better knowledge as they consider moving on to a private practice. Other managers, such as IT, facilities, and R&D within the healthcare environment also should have broader understanding of finance within the organization, and should at the very least, as ...

Solution Summary

Considering a leadership role and responsibility in developing financial acumen among non-financial managers within your organization(hospital or health sector), discuss what specific approach can be used or would use to promote improved understanding and accountability to improve financial performance.

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