1)Which area of the healthcare system would you target first for reductions in
expenses? Explain...

Question

1)Which area of the healthcare system would you target first for reductions in 
expenses? Explain your reasons.2) What are the principles of financial management of a multi-hospital system? How 
are these different from the financial management of a stand-alone 
hospital?

David · Accepted Answer

Week 5 Q1 and Q2
Running Head: HEALTHCARE SYSTEM
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HEALTHCARE SYSTEM
Week 5 Q1 and Q2
Name
Institution
Healthcare System
Question One: Health Care and Expense Reduction
For reduction of the expenses present in the current health care system, I would first target the costs of administration within the health care system. The system spends an approximate of $250 or $300 billion dollars every year on administrative expenses (“United States Pharmaceuticals & Healthcare Report,”2012, p. 22). The amount of money set aside for the administrative expenses is considered a waste; for instance,

1)Which area of the healthcare system would you target first for reductions in expenses? Explain your reasons. 2) What are the principles of financial management of a multi-hospital system? How are...

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