Financial Ratios and Financial Health
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In relation to health care, how might financial ratios be used to determine the organization's financial health? What are some examples?
Describe in at least 200 words.
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Solution Summary
Financial ratios and financial health are examined.
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Financial ratios in relation to healthcare organizations is important to management's ability to be either proactive and reactive with appropriate and effective decisions. Achieving this objective is known as bench marking. Three main forms of bench marking are historical ratio analysis/bench marking, industry bench marking, and financial ratio analysis. Historical bench marking is an ...
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