Question

1. what financial statements would be utilized in this proposal: to implement a sliding fee scale for patients who require financial assistance. 2. and how will those financial statements be used

Answer 1

1. Financial statement should be required for implementation of a sliding fee scale for patient who require financial assistance would be INCOME statement and CASH flow statement as they will try to tell the business organisation about cash flows from these activities and income statement will let the know the net profitability of this option.

2.these financial statements should be used as cash flow will be telling about the regular cash flows which are in coming to the company and income statement will let the company know about the profitability of this option and it will help the organisation to weather go for this option or not, because utilisation of the proposal to implement sliding fees or patient who required financial assistance will be leading to stress on the books of accounts of the company and these statements will let the company know about whether the company can sustain according to is profitability or not