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Week 2 – Discussion 3

Using the skills and competencies learned in in HAD 521: Health Care Financial Management II, assess the importance of strategic financial analysis relating to decisions to reduce or add a program/service to a health care organizations portfolio. Reference Zuckerman (2012) Chapter 3 and Appendix in your response.

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Healthcare organizations are comprised of many different departments and specialties that offer various services to the population served. The justification for the various programs and services related to a healthcare organization is based on how each contribute benefit and value to the organization as a whole. Leadership executives can evaluate the need for a particular program or service in relation to their organizations goals utilizing strategic financial analysis. In Healthcare finance: an introduction to accounting & financial management, Gapenski & Reiter describe financial management functions as an organizations financial plan which focuses on the

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