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Article: Product line management requires change in financial reports. (medical equipment industry)
- Article from:
- Healthcare Financial Management
- Article date:
- August 1, 1989
- Author:
CopyrightCOPYRIGHT 1989 Healthcare Financial Management Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Product line management requires change in financial reports
PRODUCT LINES Product line management places new financial reporting demands on healthcare organizations. The new reports should provide profitability information that helps management make decisions and fairly evaluate the roles that operating managers and product managers have in their organizations.
Healthcare organizations that adopt product line management without changing their financial reporting systems risk failure in converting to the new management approach.
Financial reporting for product line management treats a hospital's various clinical areas, such as cardiology and ...