LESSON 1 ASSESSMENT

1. What is the difference between financial management, managerial accounting, financial accounting, and finance? Briefly describe each of these terms as they relate to the healthcare services industry. What are some sources of healthcare financing and uses of financial resources in the industry?

2. The United States spends two to three times as much as other developed countries. Please explain why this happens and what you believe the United States could implement to reverse this spending in the healthcare field.

The response to each question should be must be at least 200 words in length in APA format.

References:

Finkler, S. A., Purtell, R. M., Calabrese, T. D., & Smith, D. L. (2013). Financial management for public, health, and not-for-profit organizations (4th ed.). Upper Saddle River, NJ: Prentice Hall. 

Kane, J. (2012). Health costs: How the U.S. compares with other countries. PBS Newshour. Retrieved from http://www.pbs.org/newshour/rundown/health-costs-how-the-us-compares-with-other-countries/