Statement of Operations and Financial Statements 2. List several efforts that have been enacted by payors to control costs. Explain the ramifications of allowing/disallowing an individual to be able to sue his or her HMO.
Statement of Operations and Financial Statements2. List several efforts that have been enacted by payors to control costs.Explain the ramifications of allowing/disallowing an individual to be able to suehis or her HMO.3.What are each of the financial statements commonly called in for-profit healthcare organizations and in not for-profit care organizations?The following questions relate to the statement of operations of not for-profithealth care organizations.1. What is the analogous for-profit statement called? What are the main sections ofthe statement of operations?2.What are revenues, gains, and other support?3.What are expenses and losses?4.Funds released from restricted net assets to unrestricted net assets arepresented in what section of the statement of revenue, expenses and other activities?The following questions relate to the statement of changes in net assets.126.96.36.199. What is the traditional name for this statement?What is the purpose of this statement?What are the main sections of this statement?Discuss the difference between permanently restricted and temporarily restrictednet assets.The following questions relate to the statement of cash flows of a not-profithealth care organization. 1.2.3. What are its main sections?What is the purpose of this statement?Where in the financial statements would there be important explanatoryinformation?4.In what financial statement would one identify the purchase of long-terminvestments?5.How does the accrual basis of accounting differ from the cash basis ofaccounting? Healthcare CostsHealthcare costs continue to rise at alarming rates. The government continues to enactvarious pieces of legislation (e.g. The Affordable Care Act) to try and curb the mountingprice tag.Do you believe that the government should continue with its efforts to decrease the costof healthcare or should the government allow for complete privatization of thehealthcare industry?Explain your answer. (500 words) Motivating for Performance and Care MappingQuestion BHealth care financial managers stand between the company's real assets and the financial markets where thefirm raises the firm's cash.The responsible financial manager will not fixate on short-term financial gain for the shareholder, but ratherconcentrate on the long-terminterests of the company. The maximizing shareholder value approach means that decisions about strategy andtactics are based primarilyon financial considerations.With the mission of maximizing shareholder value in mind, how could the health care financial managerhelp to motivate a large groupof employees to exceptional performance? Explain in detail.Should the financial manager have any influence on care mapping within the organization? Why, or whynot, and give rationale. (250 words)