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Why should financial managers be concerned with quality initiatives in the healthcare organization? 1 paragraph full...

  1. Why should financial managers be concerned with quality initiatives in the healthcare organization?

1 paragraph full of 5 sentences. Based on health care financial management

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Answer #1

The financial manager should be concerned with quality initiatives because:
Lack of quality can hamper the patient well being. It can lead to bad name of the organisation. Which inturn will lead to lower patient count and cause huge financial losses. Hygiene and quality of service is the number 1 criteria which patients look at before joining. It reflects who we are as an organisation in the sector and help us differentiate from others.

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