HESA 5350 Lecture Notes - Lecture 4: Investment, Information System
15 Jan 2018
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Document Summary
Information systems are about how people use the information and data in systems to support decision-making. Information need should be considered in building organizational structures and activities (siting thomas davenport: focuses on the correct use of appropriate information as the central objective in the information systems (important concept) Why is financial management important: good financial management skills will best position leaders when investment opportunities present themselves. The cost of healthcare is significant based on cost for infrastructure and resources, and funding has constraints. In addition, the leader can provide rewarding benefits from a professional and personal point of view. These valuable skills are often sought after in leaders for advancement and promotional opportunities: as funding is more constrained, strong financial leaders ensure continued strong and high-level quality for patients. Why is financial management important for decision-making: healthcare is never stable, it is in constant change adopting to environment this means often restructuring and realignment of services.
