Accounting & Finance Department FAQ

Accounting & Finance Department FAQ

The Finance and Accounting Department is responsible for managing Westside’s financial health and ensuring efficient resource allocation.  Key functions include budgeting, financial reporting, and cost analysis. The department monitors compliance with regulations and analyzes financial performance to support strategic decision-making. By providing accurate financial insights the Finance and Accounting department plays a crucial role in sustaining Westside’s operations, improving patient care, and supporting growth initiatives.

How does the department handle financial reporting?

We prepare regular financial statements, including balance sheets and income statements, to provide insights into Westside’s financial performance.

What role does budgeting play in healthcare finance?

Budgeting helps allocate resources effectively, plan for future expenses, and align financial goals with the Westside’s strategic objectives.

How are financial decisions made in the facility?

Financial decisions are based on thorough analysis, budgeting projections, and alignment with the Westside’s overall mission and goals.

How does the department manage costs?

We analyze expenditures, identify areas for cost savings, and implement strategies to enhance financial efficiency while maintaining quality patient care.