Wednesday, November 20, 2019
The Health Care Industry in the Business World Essay
The Health Care Industry in the Business World - Essay Example This essay stresses that NHS is a company that has to improve its communication and intergration of accounting techniques and procedures to improve their level of understanding of how different variables can affect the financial bottom line of a company and how these techniques are able to measure precisely the performance of a company in different operational areas. A conglomarate health care organization which has many units performing different and similar type services has to receice support from all business departments to produce information that enables a company to support the decision making process of the company which is perform by the executive managerial staff of NHS. This paper makes a conclusion that it is difficult for a company to succedd if teamwork and productive synergies are not developed about the varios business units and operation departmetn of a company. Providing supporting services is the responsibility of professionals who work as business adminitrators. Within an organization one of the most influenctial deparments that prepares information regarding the economic activity in a company is the accounting staff. There are many techniques that manipulate information to convert raw data into valuable business reports and information that provides a compilation of the internal financial behavior of an organization as well as other information regarding the industry in which a company operates.