Week One Packback Discussion This week you will be discussing sustainability in healthcare organizations with your peers. To prepare, read chapters 1- 3 in your textbook and explore a relevant scholarly journal article. Chapter One – Financial Planning and Management To remain sustainable, all healthcare organizations (including non-profits) need to make a profit. Chapter Two – Accounting and Economics Healthcare organizations should be organized into responsibility centers where employees are evaluated on budget performance. Chapter Three – Budget Incentives and Strategies To progress on a career track, healthcare managers are motivated to increase their annual budget. Instructions: submit one question that discusses how healthcare organizations can remain sustainable today. Be sure to cite the journal article that you read. Concepts to consider related to Sustainability in Healthcare. Select one or more topics to consider, or bring in your own connection that it not listed below. Please note: You are not expected to, nor should you, address all of the points below in your post. Differences between not-for-profit, for-profit, and non-profit organizations Financial impact of regulation Cash-flow, balance sheet, net-income, statement of changes in net assets/profitability Performance reviews Innovations in sustainability Textbook: Ross, T. (2019). Budgeting for Healthcare Managers.1st Edition. Burlington, MA: Jones and Bartlett Learning.
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