Determine why it is incredibly difficult to conduct an accurate forecast within the field of healthcare.
After reading the materials for this module, conduct additional research as necessary within the Saudi Digital Library.
Determine why it is incredibly difficult to conduct an accurate forecast within the field of healthcare. How does trend analysis help in the forecasting of revenue, expenses, and profit on the Profit and Loss Statement? In your discussion, be sure to analyze if forecasting difficulties depend on the type of healthcare organization, such as a hospital or an outpatient clinic. Additionally, explain what impact a growing population within the Kingdom of Saudi Arabia will have on the ability to forecast utilization of assets (on the Balance Sheet) effectively.
Be sure to support your statements with logic and argument, citing all sources referenced. highlight the heading
Gapenski, L. C., & Pink, G. H. (2015). Understanding healthcare financial management (7th ed.). Chicago: Association of University Programs in Health Administration and Health Administration Press. ISBN: 9781567937060. Chapter 12: Project Risk Analysis in Understanding Healthcare Financial Management & Chapter 13: Financial Condition Analysis in Understanding Healthcare Financial Management â— Discussion (10 points) â— Weeks 11-12 Quiz (15 points) â— Chapter 14: Financial Forecasting in Understanding Healthcare Financial Management â— Asker, V., & Kiraci, K. (2016). A research on review of financial performance: Airport groups sample. The International Journal of Transport & Logistics, 16, 19