Who is responsible for business failures?
Cleverley, W.O.
Healthcare Financial Management Journal of the Healthcare Financial Management Association 56(10): 46-50 52
2002
ISSN/ISBN: 0735-0732 PMID: 12373955 Document Number: 541241
Two high-profile business failures should be a wake-up call for hospital leaders. Management and boards cannot rely on unaudited financial statements as the principal indicator of financial health. Boards must ensure diligent analysis of key financial measures. Board members need better education about healthcare finance. Hospitals are not immune to financial collapse.