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How much do healthcare financial managers make? 

Materials management
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Financial management

Answers from top 9 papers

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Papers (9)Insight
Open access•Journal Article
Overcoming barriers to operating room inventory control.
L M Melson, M K Schultz 
01 Apr 1989-Journal of the Healthcare Financial Management Association
5 Citations
Armed with inventory data, financial managers may be able to save their healthcare organizations $200,000.
Journal Article•DOI
Financial indicators in healthcare quality management systems
Leonardo Sedevich-Fons
27 Jul 2014-The Tqm Journal
11 Citations
Findings – Financial indicators play a key role in healthcare quality management systems (QMSs).
Open access•Journal Article•DOI
Do hotel managers have sufficient financial skills to help them manage their areas
Cathy Burgess
24 Apr 2007-International Journal of Contemporary Hospitality Management
37 Citations
Financial controllers consider that departmental and general managers do not have enough business skills – and finance skills in particular – to optimise costs and revenues and hence maintain profits. Research l...
Open access•Journal Article•DOI
Why healthcare systems need medical managers.
Jenny Simpson, Richard Smith 
07 Jun 1997-BMJ
15 Citations
Doctor managers put patient care and clinical outcome ahead of the financial imperative, and this ultimately is the only way to develop the business of healthcare systems–looking after patients.
Journal Article•DOI
Accounting Subjectivity and Earnings Management: A Preparer Perspective
William U. Parfet
01 Dec 2000-Accounting Horizons
140 Citations
I know from personal experience that the overwhelming majority of financial managers want to create value honestly and honorably in what they do.
Open access•Journal Article
Lean-Six Sigma: tools for rapid cycle cost reduction.
Chip Caldwell
01 Oct 2006-Journal of the Healthcare Financial Management Association
21 Citations
Healthcare financial executives should work with managers in eliminating waste to improve service and reduce costs.
Open access•Journal Article
Labor analytics software can help control labor costs.
Lawrence R Murray
01 Jul 2002-Journal of the Healthcare Financial Management Association
2 Citations
Because of their unique expertise, healthcare financial managers can serve as a resource to help the organization's department managers manage labor costs.
Journal Article•DOI
Who should lead a healthcare organization: MDs or MBAs?
Frank C Schultz, Shoma Pal 
01 Mar 2004-Journal of Healthcare Management
45 Citations
The study revealed that no significant differences exist between medically educated and managerially educated senior managers in their ability to make strategic decisions that maximize the net income or the quality of care of the healthcare organization.
Open access•Journal Article
Healthcare Managers' Perceptions of Professional Development and Organizational Support
Gulcin Gumus, Nancy Borkowski, Gloria J. Deckard, Karen J. Martel 
01 Jan 2011-Journal of health and human services administration
15 Citations
FINDINGS Findings suggest that healthcare managers and healthcare organizations both support and value personal and professional development.

Related Questions

What is the definition of finance management in healthcare?5 answersFinancial management in healthcare involves effectively managing financial resources to support the provision of health services and social welfare. It encompasses raising and investing money to maximize stakeholders' wealth, providing timely financial information to stakeholders, and making sound financial decisions. In state budgetary healthcare institutions, optimizing financial management is crucial for ensuring stability and efficient use of funds from state and municipal budgets. With the healthcare industry evolving due to cost pressures and payment reforms, financial management in healthcare organizations requires a forward-looking approach to balance present profitability with future sustainability. Healthcare financial management is a decision science that equips managers with the theory, concepts, and tools needed to make informed financial decisions in a changing healthcare landscape.
Introduction about financing cost and revenue management for hospitals?5 answersCost management is a crucial goal for hospitals in order to provide high-quality services and achieve customer satisfaction. However, it poses significant challenges for hospital managers. Various approaches and strategies have been identified for cost management in hospitals, including identifying cost centers, setting internal rules and regulations, monitoring and controlling costs, establishing a costing system, and forming work-groups for operational planning. Hospital financing plays a strategic role in the overall healthcare system, as hospitals consume a significant share of healthcare resources. The choice of financing model has a significant impact on hospital management and performance. Financial management within the healthcare sector, particularly in hospitals, is crucial due to the high costs involved. Different mechanisms for financing healthcare systems, such as state budget funding and voluntary health insurance, have been implemented. Existing models of hospital financing advocate mixed schemes that involve both lump-sum and cost-based payments, with decision-making responsibilities shared between managers and doctors.
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