Module 1 - Case - Health Care Financial Environment Essay

Module 1 - Case - Health Care Financial Environment - Essay Example Therefore, evaluation means conducting of assessment of perceived outcomes that are often measurable through standardized performances and regulations. It means an evaluation plan helps in achieving goals and objectives that are critical in enforcing the mission statements of a particular hospital environment (Speizman, 2009). Additionally, improvement of efficiency and effectiveness becomes of part of evaluation when CFOs examine the long-term investment decisions important for strengthening contract management. Planning, on the other hand, implies that CFOs must identify a project plan that is both feasible and operational in different environments. Accordingly, planning helps in the deconstruction of perceptions to convert them into reality when evaluating goals that need immediate implementation (Tolbert et al., 2010). It means all investment decisions are strategic because they serve certain purposes approved by CFOs in their quest to streamline the overall management (Burtrie et al., 2013). In other words, planning is a part of partnership with other management processes such as evaluation to assist in controlling of organizations cash flows and other pressing