Health Care Financial Terms Week One Essay

Controlling is the practice that theater directors purpose to ensure that the company plans and goals are being attained. By comparing constitution to each other areas that are working and succeeding are define and the areas where problems are occurring can be addressed and corrected (Baker & Baker, 2011).A motorcoach has quaternary different, lets say teams that report to this manager. Controlling would be when team A, B, C, and D submit the teams financial report to the manager. The manager would review all four teams to ensure the teams are meeting the financial goals. So, in this scenario Team A, B, and C is on target and meeting the goals. However, Team D has not met the goals.The manager needs to review the team Ds progress see where the problem is, such as cutting cost, the resource allocation, operating procedure, or other issues. Without controlling the teams and reviewing progress, other area ordain suffer.Decision doDecision making is management making informed de cisions based on all information that accomplishes the companys goals (Baker & Baker, 2011).The company is making a decision on purchasing electronic medical phonograph recordings. The financial reports will inform management of the financial status on the company and the make sense of money they can budget for the purchase of this the EMR.OrganizingOrganizing is a term for companies to set how to use resources for the best outcome for the company (Baker & Baker, 2011).A manager is condition a certain amount of revenue and the manager decides where the money is allocated for the plane section to accomplish the goals set by thecompany. readinessTo succeed, companies need corporate goals. Planning is identifying the goals and resources. Laying out the steps by using the resources to accomplish those goals (Baker & Baker, 2011).A manager has a specific project to install and to perform the autochthonic function of the project. The manager works out a step by step plan from the beg inning to the end of implementing the project until the project is fill out and accomplishes the goal.Original recordsWhen a transaction is recorded into a journal or ledger this becomes the original records (Baker & Baker, 2011).A patient makes a payment of $100. This payment is entered into the patients file and payment history. This entry is an original record in the companys income ledger.ReferenceBaker, J. J., & Baker, R. W. (2011). Health Care pay Basic Tools for Nonfinancial Managers (3rd ed.).Sudbury, MA Jones and Bartlett Publishers, LLC.