BSM 412 UOPX Module 2 Financial Analysis of A Healthcare Organization Discussion

I’m working on a health & medical discussion question and need an explanation and answer to help me learn.

Describe the three steps in the financial analysis of a healthcare organization.

  • Why are the three steps important?
  • What is the purpose of the balance sheet used in a healthcare organization?
  • What is the accounting equation used in the balance sheet and what does each element in the equation represent?