Abstract
Healthcare managers face an incredible challenge today; understanding and implementing financially and economically sound decisions in the complex healthcare environment of the United States. The pressure to be profitable managers is greater than ever. Considering current research, past studies, and articles focused on the demands of healthcare managers will illuminate the state of health care administration, and the importance of real world application of accounting and economics in healthcare.
This thesis will explore and examine research about industry standards, and the need for preparedness in healthcare finance management. It will also examine the important and complex role of accounting and economics in healthcare administration by answering the three following questions: What do administrators, according to studies and literature available, believe is essential to becoming and remaining effective managers? What financial and economic concepts are understood and implemented by healthcare managers? What changes, if any, are necessary to adequately train and educate future healthcare administrators for successful financial management? The answers to these questions will highlight the impact of the economic, political, and social changes on administrators, as well as the best ways to succeed despite the difficulties often faced by those in this field.
Thesis Completion
2017
Semester
Spring
Thesis Chair/Advisor
Wessel, Philip K.
Degree
Bachelor of Science (B.S.)
College
College of Health and Public Affairs
Department
Health Management and Informatics
Degree Program
Health Services Administration
Location
Orlando (Main) Campus
Language
English
Access Status
Open Access
Length of Campus-only Access
1 year
Release Date
5-1-2018
Recommended Citation
Riddick, Brandon K., "Profit-Bearing Administrators: Exploring the Application of Economics and Financial Concepts in Healthcare Management" (2017). Honors Undergraduate Theses. 212.
https://stars.library.ucf.edu/honorstheses/212