Riverview Community Hospital Financial Statement Analysis of submission Riverview Community Hospital Financial Statement Analysis Riverview Community Hospital has been known to be the provider of top-notch health care services to its growing service area…
This will enable a critical look or an analysis of the hospital’s performance in matters financial. From the analysis, informed and helpful decisions result in improving the state of the hospital and enhance its capacity of providing excellent services to the public (Peterson & Fabozzi, 2006). The financial analysis of Riverview Community Hospital will be based on its three key financial statements: the statements of operations, the balance sheets, the statements of cash flow. Selected industry data will also show the hospital’s financial standing. A number of sample ratios outline the hospital’s financial conditions. The financial ratios are derived using the hospital’s financial data from the financial statements. These ratios are combined in a form of an equation, the Du Pont Equation which gives an overview of the financial condition of the hospital (Friedlob & Schleifer, 2003). Financial ratio analysis as a method of establishing an organization’s financial condition has challenges which ought to be tacked so as to maximize on this remarkable tool of acquiring information that is useful in establishing the financial condition of the organization in question. ...
Through the analysis the hospital’s financial strength and weaknesses come to the spotlight. This enables recommendations for effective measures that can be carried out to boost the strengths of the hospital and minimize on its weaknesses so as to ensure high performance of the hospital in offering outstanding health care services. This is so because the financial condition of the hospital is its backbone and if it breaks down, the hospital collapses. Therefore, a sound financial condition is vital for smooth running of the hospital’s activities across all the departments. Cash flow statement analysis The Cash flow worksheet of the hospital will be a vital tool to look at. As the name depicts, the cash flow worksheet depicts the monetary inflows and outflows that the hospital has been able to sustain during the given time period, between the financial year 2006 and 2009. It shows a record of line items in the form the hospitals receipts and disbursements (Friedlob & Schleifer, 2003). The outlined statements of Cash flow is vital in determining whether there is sufficient cash available for the hospital to be able to meet its expenses. The Cash flow statement in short, shows the hospitals financial health. The cash flow statement gives the cash generated by and used in operations in the year 2006 through to 2009. It shows comparatively through this time period, cash flows from investing activities and financing activities. A trend in each category states the monetary cash flows in the hospital. In the year 2008, for instance, the hospitals made the highest investment in asset acquisition (Peterson & Fabozzi, 2006). Riverview’s cash flow statement shows that the ...
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The underlying interest is to strike a long term and favorable relationship among all stakeholders in a bid to provide to populations quality healthcare. The management of health care organizations is a critical component that determines the realized outcome in the health sector, prior to the goals and objectives an organization in the context of the wider goals and objectives of the industry.
stment incurred to develop a regional cancer center, a regional orthopedic center, and a cardiovascular center. A. 1.1. Trinity Community Hospital’s Ability to Satisfy the Needs of the Community The hospital is currently looking at three areas in which it can grow.
It comprises of a discussion on the four scenarios proposed by Shortell and Kaluzny for development of health care industry sector and its counterparts in the United States of America. Each scenario focuses the management of healthcare sector development from a unique perspective which is evaluated in terms of cost control considerations, accessibility of health care services to the individuals at large, proposed and expected organizational structure and culture of health care centers with respect to each scenario, and also discusses the implications of such efforts over the role of management of health care centers in United States of America.
While the wealthy classes can afford to the high cost medical care in the best and most expensive hospitals due to the universal care policies in place, every taxpaying American has a stake in the provision of health care services for their fellow citizens.
In effort to reduce the queues, the health facility needs to appreciate the advancement of technology such as the use of computers. Other than reducing the workload at the reception, it organizes the facility’s data in such a manner that each patient’s data appears by the click of a button (Russell, 1927)
The futuristic debate has thus taken up a new stance that presumably advocates not only quality and patient safety but a time-scale based approach.
Right now healthcare has come to some crossroads where one path points to a fully or partially state-controlled healthcare service and the other to a laissez-faire dispensation of affairs.
“Most Americans – a total of 177 million – obtain health insurance through their employers” (Business Roundtable). However, millions of Americans either independently provide their own insurance, or they are left uninsured and
As the CEO here are the solutions to the problem the hospital has faced (Fawcett & Karban, 2005).
First as the hospital main clients are those in lower end of the economy and the elderly thus most funded by the Medicare and Medicaid. This
e the affordability of health insurance, reducing cost of health care for individuals as well as lowering the rate of insurance by expanding insurance coverage in an effort of enhancing quality patients care delivery across all levels of care opening doors for affordable and
8 Pages(2000 words)Term Paper
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