Question: Why are third - party payors so important in the financial reporting of health care entities? Multiple choice question. Third - party payors are appointed

Why are third-party payors so important in the financial reporting of health care entities?
Multiple choice question.
Third-party payors are appointed by the governor of each state to observe the health care system and make recommendations for improvements.
Third-party payors are appointed by the government to regulate health care costs.
Third-party payors pay a large portion of health care costs and demand reliable financial information to verify the validity of the charges.
Third-party payors are appointed by hospitals and other health care entities to ensure the fairness of billing amounts.

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