Health Financial Management Assignment Report

Running head: HEALTH FINANCIAL MANAGEMENT
HEALTH FINANCIAL MANAGEMENT
TITLE
Name of Student:
Name of University:
Author’s Note:

HEALTH FINANCIAL MANAGEMENT
1
Answer number 1.
The expenditure is refer to the part of investment that is been done by heath
administration with objective to meet the goal of business for long run and giving quality care to
the patient. It is also done to earn profit in the practice as mean of long term assets. The
expenditure is mainly done in purchase of health equipment, development of infrastructure,
medications and resource in order to better assess the patient, improve health status and earn
profit from it (Economou et al., 2015). Looking into revenue, it is regarded as the total earning
made by health care system with respect to the total investment. The health care system make the
revenue from payments made by the patient, retail pharmacist, fitness centres, billing from
patient medication, surgery, set up of cafeteria and through other mean (Bertone, Lurton &
Mutombo, 2016).
Answer number 2.
The funds invested in the NSW health system comprise of four level of responsibilities
which includes federal, state, territory and local body. The flow of funds by state and federal
government involve investment in the public hospitals for the purpose of medical and surgical
goods, drugs, salaries and it is allocated to the health service provider. The funds by the federal
and state government is delivered to the population health program, indigenous population,
medical research and community health service (Naccarella et al., 2017). They direct the grant
and expenditure for local hospital network, dental service. Even the NSW health care system
including the health, treasury and many other department make specific payment like national
health funding pool for service of public hospital. Such funds is flowed through the state and