Discussion

1

FINANCIAL MANAGEMENT

Topic proposal

Financial risk management in health facilities- Methodist Hospital (San Antonio, Texas)

The technique of protecting a company's economic worth by using financial instruments to limit exposure to financial risk is known as financial risk management. The three primary categories of financial risk are operational efficiency, liquidity, and market volatility, among others. Identifying the sources of financial risk, measuring it, and creating plans to deal with it is all part of risk management in general (Yang et al., 2019).

The first health center to operate in Southern Texas Medical Center was Methodist Hospital (San Antonio), which received its charter in 1955. The hospital's main specialties are cardiology, oncology, emergency care, bone and bone marrow transplant, neurosciences, women's health, and orthopedics. A Comprehensive Stroke Center that is certified exists at the hospital. The hospital has conducted more neck and back surgery than any hospital in Texas and is renowned for its neurological and neurosurgery services.

The complexity of the healthcare sector makes it more challenging for managers to anticipate potential financial risks. As a result, providers must employ someone to methodically search for potential issues and create controls to reduce potential harm. This study aims to examine the methods used by Texas' Methodist Hospital (San Antonio) to control financial risk. The study will concentrate on the management's approach to managing the risks that the Methodist hospital faces.

Reference

Yang, Q., Wang, Y., & Ren, Y. (2019). Research on financial risk management model of internet supply chain based on data science. Cognitive Systems Research, 56, 50-55.