Please, answer all prompts fully; this is an essay-style exam designed to demonstrate the depth of understanding; single sentence, single paragraph, and otherwise incomplete responses will not be acce

Please, answer all prompts fully; this is an essay-style exam designed to demonstrate the depth of understanding; single sentence, single paragraph, and otherwise incomplete responses will not be accepted.

1)Are overall healthcare costs on the rise? List and explain in detail the factors that play a role in both increasing and decreasing healthcare costs.   How are payors responding to these trends?  How is technology impacting healthcare costs from both the provider and the payor side?

2)What are the major financial statements used by for profit healthcare entities.  List and explain in detail the primary sections of each financial statement in for profit entities.  

3)What are benchmarks?  How can healthcare organizations use industry data in financial analysis? Are industry medians an appropriate benchmark for HC organizations? Why or why not?

4)Ratio Interpretation:  How do capital structure ratios and liquidity ratios differ in providing insight into an organizations ability to pay their obligations?  Give examples using the formulas provided.

5)What is working capital management strategy? What does it mean when a company chooses an aggressive asset mix strategy? What would be the alternative and how would it look on paper? In terms of risk and return on profit, compare the advantages and disadvantages of short and long term borrowing to meet working capital needs

6)What is Accounts Receivables? How/where are they depicted in the Financial reports?  What is Accounts Receivables management all about and why is it an important piece to ensure the financial health of any organization?