After reading this analyzing financial performance in the new world, answer the following-

1. What particular problem is the article addressing as it related to health care finance?

2. How do we use of analytics to better understand cost?

3. What broader aspects of performance does the author discuss and why?

Analyzing financial performance in the new world Healthcare Financial Management (May 2014): 108-10. Abstract (summary) Translate Abstract Over the past several years, health care has seen the beginings of a significant transformation in the nature of analytics. This transformation is being driven by the advent of a new world in which providers hold increased accountability for the efficiency, quality, and safety of the care that their organizations provide- and it is occurring across several dimensions. Historically, analyses have been retrospective, with systems assessing the organization's performance over the preceding months or years. Under payment models that reward efficiency and high-quality care, if a hospital or health system is losing money due to inadequate clinical performance, it cannot afford to wait one or more months to find out about the problem. Healthcare leaders should understand how their organizations are performing today so they can take corrective action before revenue loss becomes a hemorrhage. An increased diversity of performance measures is perhaps the most significant effect of health care's new era of accountability. Full Text Translate Full text Headnote Over the past several years, health care has seen the beginnings of a significant transformation in the nature of analytics. This transformation is being driven by the advent of