HMGT 322 Healthcare Financial Management Comprehensive Exam Guide Q & A 2026 (Complete And Verified Study material) (34pages) LEARNEXAMS

1. What is the primary goal of healthcare financial management? A) Maximizing staff satisfaction B) Minimizing operational costs C) Maximizing shareholder wealth D) Ensuring patient care quality Answer: D) Ensuring patient care quality Rationale: The primary goal of healthcare financial management is to ensure that patient care quality is maintained at the highest possible level, as the well-being of patients is the central focus of healthcare services. 2. Which financial statement provides information about the financial position of a healthcare organization at a specific point in time? A) Income statement B) Balance sheet C) Statement of cash flows D) Statement of retained earnings Answer: B) Balance sheet