“FINANCIAL MANAGEMENT IN HEALTHCARE: BALANCING COSTS AND QUALITY”

Balancing financial sustainability with quality care is a complex challenge faced by healthcare organizations worldwide. As costs continue to rise and payment models evolve, healthcare managers must adopt innovative financial strategies to control expenses while maintaining or improving the quality of care. By embracing value-based care, lean management principles, data analytics, collaboration, and technological advancements, healthcare organizations can achieve the delicate balance between cost efficiency and high-quality care. Effective financial management not only ensures the survival of healthcare institutions but also leads to better patient outcomes and a healthier population.