Question

What are the major differences between financial management for healthcare facilities and other types of free enterprise businesses ?​

Answer 1

Answer:

The answer is below

Explanation:

Given that the Health care industry is a combination of profit and nonprofit business activities, the major differences between financial management for healthcare facilities and other types of free enterprise businesses is that the majority of the providers are nonprofit organizations.

Similarly, the majority of the customers of the Health Care Industry usually made payments through a third party.

This includes government and insurers organizations.