Participants identify the differences in the primary sources of hospital revenue across the three hospital categories. They examine the critical role of uncompensated care and payer mix in explaining bad debt provisions, write-offs, and bottom line results. Further, Participants explore the use of cash flow statements in confirming the sources of interest-bearing debt service implied by income statement information. In addition, they address the role of hospital location in determining payer mix and associated financial performance and review the importance of relative bargaining power vis-a-vis buyers and suppliers. Finally, Participants identify the array of management competencies that appear necessary for success in an industry highly regulated and subject to continuous federal and state legislation.