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Health Services Finance Discussion Questions

Experts only! Scholarly responses are required.

*Please answer each question individually and accurately. Must cite any and all references in APA format. Label each solution with the corresponding question. Copy and pasted solutions will NOT be accepted. Minimum 2-3 quality paragraphs per question.

Part A: Financial Sources

1. List the major nonhospital and nonphysician sectors of the healthcare industry.

2. What are the sources of revenue for the nursing home industry? Discuss.

3. List and describe the major organizational types of physician groups

Part B: Financial Theories and Concepts

1. Describe the two major theories used for the detection of out-of-control costs.

2. Define variance analysis and how it is used by management. How would you use variance analysis for effective financial management?

3. When is the use of a flexible budget likely to be most effective?

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