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katovenus [111]
4 years ago
6

The role of finance in healthcare has increased in importance over time because the finance function must support a multitude of

activities, such as cost containment, payer negotiations, and joint venture activities.
Business
1 answer:
kumpel [21]4 years ago
3 0

Answer:

True

Explanation:

The finance function is a shared function, it supports almost all the sections in a business enterprise. the role of finance in health cuts across all departments.

In the area of cost containment, the finance unit is the cost leader, it is the unit that lead and drive any cost control measure in an organization and healthcare sector is an exception.

The finance section participates directly and also provides the financial data that helps in negotiating with suppliers and demanding for various kinds of discounts and rebates.

The finance role in Joint venture activities cannot be over emphasized, it is the unit that keeps record of transactions and measure the profit or loss from the venture and advise management on the appropriate course of action.

The budget and budgetary control that drives operation of the heath sector is handled by the finance unit.

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having international workers allow organisation to be connected two other country markets as well.they get to know the best places to get resources and how to approach different countries through being thought business norms and culture by international employees.

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Please see attachment

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7 0
2 years ago
What strategy is american tile corp. using when it acquires a company that makes industrial cleaning products that american tile
wlad13 [49]

Diversification strategy is American tile corp. using when it acquires a company that makes industrial cleaning products that American tile does not currently offer.

When businesses want to expand, they use a diversification approach. In order to boost revenues, it is a practice to add a new product to your supply chain. These goods may represent a new subset of the market that your organization already serves, a strategy known as business-level diversification.

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4 0
2 years ago
Which of the following is not an example of a financial strategic objective? Group of answer choices Generate Internet-related r
Ivenika [448]

Answer:

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Therefore the last option is correct

4 0
3 years ago
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