What are the four recognized elements of financial management?

Elements of Financial Management

Financial management in healthcare setting is critical to the success and well being of healthcare organization. There are very important elements of financial planning that every healthcare organization must follow.

What are the four recognized elements of financial management? Which do you think is most important and why?

2) Changes in the Affordable Care Act

The Affordable Care Act (ACA) has made a huge impact on healthcare delivery system and especially in regard to financial management of healthcare organizations and delivery of high quality healthcare services.The timeline for the Affordable Care Act continues until 2015.

Locate 3–4 updates on the timeline that are related to healthcare finance. Discuss these changes or initiatives. Your discussion should include what is changing and your thoughts on how this will impact healthcare finance now and in the future.