Accounts Payable Benefits Insurance Revenue 
AIHR
JANUARY 11, 2023
The main responsibility of finance is to allocate and monitor resources that support the goals of the organization while ensuring a balance between revenue and costs. Labor costs like salaries, benefits, and related taxes make up as much as 70% of total operating costs of a business. Contents Why does HR need to know finance?
Walk Me
AUGUST 18, 2022
Because of the many different types of treatments and their varying costs, along with health insurance providers with differing charges, budgeting becomes a bit more complicated than buying bread and milk. For example, a small hospital may lose revenue to a neighboring hospital with several MRI scanners. Financing decisions.
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