Answer each of the following questions with 1 paragraph answers for each question and 1 source for each question.
a. How would financial information be disseminated throughout a hospital to ensure all departments received the needed information?
b. How would understanding costs and sources of revenues help an organization?
a. Explain the “Eight Basic Ratios Used in Health Care”, why they are important, and how they are used.
b. Describe the concept of lease versus buy and how you would determine the best choice?
a. Describe the financial concepts associated with staffing in a health care organization.
b. You are responsible for adding a new service. What process would you use to price the service?
a. Describe how trend analysis and forecasting are used in a health care organization.
b. Describe the future technological impacts on health care finance.