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The governing board develops the HCO’s long-range financial plan (LRFP) to specify and establish annual strategic...

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General Management

The governing board develops the HCO’s long-range financial plan(LRFP) to specify and establish annual strategic guidelines(revenue, profit, costs, and capital expenditures). How doHCOs develop their long-range financial plan? Discuss basic LRFPprinciples.

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HCOs developed their longreange financial plan by developoing a financial system which can forecast the cash flows and especially free cash flows to the firmThe integrated approach should analyse all the    See Answer
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