HCS 405 Week One Health Care Financial 
University of Phoenix Material
Week One Health Care Financial Terms Worksheet
Worksheet
Submitted By:
Nadine Girard
Term
Definition
Scenario
Controlling
Controlling for a financial manager in the health care industry is following through to ensure that the resources obtained are efficient towards the organizations objectives.
The basis and reason for control is setting the policies and planning elements. The control function with management ties with the planning function because this consists of checking performances of employees for status of goals.
Controlling in the health care for managers is checking and monitoring employee’s performances on a daily basis. This will ensure the planned performances reach with the goals of the organization. A financial manager takes control of employees. Employees will see this presence of control or authority and will work and perform well to reach the goals set for them and the organization.
Decision
Making
A financial manager in the health care industry uses decision making to make informed choices. Managers rely on information from employees on a day to day basis. Management involves decision making at several levels of organization for getting things done by others
To assist with decision making for management in a health care setting having meetings or huddles often with staff to gather ideas or information for improvements or adjustments in workflows. Doing this will establish relationships with employees and give them empowerment to succeed with goals.
Organizing
Organization for the financial manager is critical with becoming successful. A financial manager uses organizing to divide work up into functions, delegating, assigning responsibilities and duties to employees. Consist organization by managers ensures the employees work effectively and efficiently.
Mangers can use resources effectively through the organization and carrying out the goals.
A scenario of organizing for a financial manager would be to
Week One Health Care Financial Terms Worksheet
Worksheet
Submitted By:
Nadine Girard
Term
Definition
Scenario
Controlling
Controlling for a financial manager in the health care industry is following through to ensure that the resources obtained are efficient towards the organizations objectives.
The basis and reason for control is setting the policies and planning elements. The control function with management ties with the planning function because this consists of checking performances of employees for status of goals.
Controlling in the health care for managers is checking and monitoring employee’s performances on a daily basis. This will ensure the planned performances reach with the goals of the organization. A financial manager takes control of employees. Employees will see this presence of control or authority and will work and perform well to reach the goals set for them and the organization.
Decision
Making
A financial manager in the health care industry uses decision making to make informed choices. Managers rely on information from employees on a day to day basis. Management involves decision making at several levels of organization for getting things done by others
To assist with decision making for management in a health care setting having meetings or huddles often with staff to gather ideas or information for improvements or adjustments in workflows. Doing this will establish relationships with employees and give them empowerment to succeed with goals.
Organizing
Organization for the financial manager is critical with becoming successful. A financial manager uses organizing to divide work up into functions, delegating, assigning responsibilities and duties to employees. Consist organization by managers ensures the employees work effectively and efficiently.
Mangers can use resources effectively through the organization and carrying out the goals.
A scenario of organizing for a financial manager would be to
References: Chandra, D. (2013). The Five Functions of Management. Retrieved from http://dilipchandra12.hubpages.com/hub/The-Five-Functions-of-Management