Why is healthcare finance important to a healthcare organization, has it become more or less important in recent years, why?

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Why is healthcare finance important to a healthcare organization, has it become more or less important in recent years, why?
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Step 1: Definition of healthcare finance

Depending on the context, healthcare financing can mean a variety of things. For our purposes, the accounting and financial management duties performed by healthcare organizations are included in healthcare finance. Accounting measures a company's activities and financial standing in monetary terms, whereas corporate finance, or financial management, applies theories and principles meant to assist managers in making better decisions. In actuality, the two roles operate together, with financial oversight offering the structure and accounting producing the data required to make wise decisions.

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