1) Describe the different type of assets needed to operate a healthcare business and explain the difference between current and long term assets. Describe the different type of liabilities needed to operate a healthcare business and explain the difference between current and long term liabilities.
2) Explain the difference between operating and nonoperating revenue. Also, describe the different sources of healthcare revenue.
3) Describe the major expenses of hospitals and physician practice. Also, explain how expenses are groupled for planning and control.
