Economics Homework Help

Unique Aspects of Health Services & Financial Management

There are a number of unique factors relating to the health services sector:

1. Services are provided by both not-for-profit (or nonprofit) organizations that can be either governmental or private, and for profit organizations, that are private
2. The majority of payments made to health care providers for services are not made by the consumers of the services, but by some third-party payer (e.g. a commercial insurance company and/or a government program).

How do these unique features affect the financial management of the sector?