Financial Management for Health Information

Class: Financial Management for Health Information ManagementThe Chief Financial Officer (CFO) of your healthcare organization comes to you for feedback on the way the organization handles its operating reports. The organization’s various departments are currently using a variety of report formats, including daily, weekly, quarterly (with statistics), and annual year-end reports. The CFO wants to know the type of data as well the reporting format you find most helpful in order to improve the organization’s operating reports.In a 1-2 page Word document, explain what financial information on a daily, weekly, and quarterly basis is most important to the CFO and management team, and what format you recommend the data be presented (format examples include tables, graphs and narrative). When completing assignment, provide answers as though you are replying directly to the CFO. Be sure to provide examples to back up your feedback on the organization’s operating reports (for example, what data should be included in a daily report and what format should be used).Submit your completed assignment by following the directions linked below. Please check the Course Calendar for specific due dates.Save your assignment as a Microsoft Word document.