Foreign currency-related translation complexities in cross-border healthcare applications.
International cross-border private hospital chains need to apply the standards for foreign currency translation in order to consolidate the balance sheet and income statements. This not only exposes such chains to exchange rate fluctuations in different ways, but also creates added requirements for enterprise-level IT systems especially when they produce parameters which are used to measure the financial and operational performance of the foreign subsidiary or the parent hospital. Such systems would need to come to terms with the complexities involved in such currency-related translations in order to provide the correct data for performance benchmarking.
Kumar
Anand
A
Department of Public Health and Medical Informatics, SSPIM /CIM 42/Université Jean Monnet, CHU Saint Etienne, 42270 Saint Priest en Jarez, France. anand.kumar1@yahoo.com
Rodrigues
Jean M
JM
D003132:Commerce / Q000191:economics*; D003695:Delivery of Health Care / Q000191:economics*; D006751:Hospital Information Systems; D038622:Internationality; D009096:Multi-Institutional Systems