“Using Ratios as Performance Indicators” Please respond to the following:
1. Suggest one (1) key financial ratio that a health care administrator should create a trend analysis for. Suggest one (1) key insight that may be gained by the administrator in regard to the performance of the organization. Provide support for your rationale.
2. Take a position for or against the value of financial forecasting and the dedication of resources to this function. Provide support for your position.
“Inflation and Health Care Costs” Please respond to the following:
1. Assess the level of importance of one (1) key driver of the inflation of health care cost. Indicate how this inflation can be managed strategically in the future to minimize the financial impact. Provide support for your rationale.
2. Create an argument that the health care industry and patient care costs either correlate or do not correlate to the overall inflation rates in the U.S. Provide support for your argument.
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