Regardless of where your health care career takes you, finance is an important part of the health care system. Finance might not be your professional calling, though it is important you have a working

HCS/385 v6

Financial Terminology and Stakeholders WorksheetRegardless of where your health care career takes you, finance is an important part of the health care system. Finance might not be your professional calling, though it is important you have a working 1

In the Terminology Table, explain each of the following terms provided in the Terms column in your own words in the provided Explanation of Term column.

Support your explanation using your textbook or other references. Cite all references according to APA guidelines and provide the reference in the APA Reference column. References are required to earn full points for this assignment.

Note: This portion of the assignment is worth 45 points total: 2 points for each explanation and 1 point for each reference.

Terminology Table

Item Number

Term

Explanation of the Term

APA Reference

Time value of money

Enter your response.

Enter your response.

Efficient market

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Enter your response.

Primary versus secondary market

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Risk-return tradeoff

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Agency (principal and agent problems)

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Market information and security prices and information asymmetry

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Agile and lean principles

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Return on investment (ROI)

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Cash flow and a source of value

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10

Project management

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11

Outsourcing and offshoring

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12

Inventory turnover

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13

Just-in-time inventory (JIT)

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14

Vendor managed inventory (VMI)

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15

Forecasting and demand management

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Identify 5 stakeholders in the health care payer system and provide them in the Stakeholder column of the Stakeholders in the Health Care Payer System Table.

Describe each stakeholder in the Description column using 1 or 2 sentences.

Note: This portion of the assignment is worth 5 points total (1 point for each stakeholder and its description).

Stakeholders in the Health Care Payer System Table

Item Number

Stakeholder

Description

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