Discussion Post: Working Capital Management
An important element of healthcare finance involves the management of short-term (current) assets and liabilities, which is commonly called, "working capital management. A hospital is likely to have a significant proportion of its balance sheet assets in a range of short-term assets. Address the following requirements:
a) Explain some of the aspects of working capital management that a financial manager needs to consider when determining a suitable level of working capital for that organization.
b) Explain why you consider these elements to be important and the potential impact they could have on the organization if they are not managed appropriately.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.