Bay County Community Hospital Essay

924 Words4 Pages

Bay County Community Hospital is a nonprofit facility that delivers health care to $250,000 inhabitants. The goal of the facility is to increase the access and quality of care that they provide to the citizens of the community. Advance practice nurses possess the knowledge and ability to implement mental and physical skills during daily routines to heighten the awareness and stability of the health organizations financial status. In this report, I will discuss the different types of financial statement that are crucial to health care organization, the roles that advanced practice nurses play with developing and maintaining these statements, and the financial situation of Bay County Community Hospital.
Implementation of Economics Health care is a continually evolving field. It is crucial for medical field to advance along with society in order to meet the health needs of the public. Economics is the analysis of how limited assets can be distributed amongst their potential consumers. The health care field operates on financial determinates with health care organizations and other businesses within society. The expensive costs of modern medications, improved treatment regimens, and advances in technology can place …show more content…

The operating statement relates the dues that the company receives for treatments to patients (revenues), to the expenditures for delivering the services. The advanced practice nurse should be proficient in developing and maintaining an operating statement for several reasons. It is vital for success that health care organizations obtain advances technology as it is available. The profits made through patient care can be invested towards the purchase of advanced technological equipment. The revenues can also fund expansion and repair projects to increase the amount and quality of patient