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Health care financial management is complex and an effective health care administrator mustunderstand what makes up the foundation to financial operations. This includes: healthinsurance (private and social) and reimbursements, private vs. not-for profit entities, costsand expenditures, capital, materials management, and budgeting.1. Outline and discuss the major categories of reimbursements and costs in a health care organization. How do they influence each other?2. In addition, how do expenses and revenues affect the specific types of budgets outlined?