Explain why healthcare executives need to know the capital


Prepare a paper responding to the following: Explain why healthcare executives need to know the capital cycle. Determine how the capital cycle impacts the operational (day-to-day) budget. Explain the typical approval process for capital. Does it only go through one person (i.e., the CEO), or is it more involved? Provide examples to justify your thoughts. Identify the essential characteristics of a financially successful organization. How should healthcare managers apply these traits in understanding the capital cycle of their organization?

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Financial Management: Explain why healthcare executives need to know the capital
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