As college students with objectives in healthcare management, we must grasp the tools and techniques that enable us to effectively manage and forecast financial performance within healthcare organizations. Trend analysis and common size analysis, including both horizontal and vertical analysis, are vital methods for gaining insights into financial data. In this discussion, let's explore why these analyses are important for internal financial management and forecasting and discuss their specific relevance in the healthcare industry.

Share your thoughts on the significance of trend analysis and common size analysis in healthcare financial management and forecasting. Can you think of any specific examples in the healthcare industry where these analyses could be instrumental in decision-making and resource allocation?