A familiarity with basic financial and accounting concepts will help build an understanding of how Healthcare Technology Management (HTM) operations contribute to business decisions or how business decisions drive HTM operations. In order to contribute to the short term or long term financial goals for a healthcare technology business (ie hospital or service provider) it is necessary to link HTM operations to that financial plan through structured documentation and budgets. However, before we discuss budgets we need to review a key concept in the HTM financial ecosystem. This topic is supply chain management (SCM).

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