The financial healthiness of the Carter Hospital Center.
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Get it written →I need help with this assignment . please give detail explanation. All indicators and ratios must be used in the analysis. The analysis must include the difference from year to year, is this a positive or negative trend, and comparison to the benchmark. In your analysis, define what the indicator/ratio means and if the higher or lower value is better. Lastly, for where the organization is not performing well, make recommendations on how the organization can improve.
2. Using the table below, determine the financial healthiness of the Carter Hospital Center. Include ratios as well as an evaluation of the Selected Measures of Financial and Operation Performance listed in the table below. 0 You must also include a discussion of the benchmarks and the effect on the facility’s healthiness. 0 You must include analysis from all categories: (Income Statement, Balance Sheet, Volume Indicators, pricing indicators, and profit Indicator) 0 You must define all terms. All answers include specific information from the table. 0 List your strategies. In order to improve, reduce, increase, etc. the facility needs to…
Selected Measures of Financial and Operation Performance 2013 2014 Benchmark State Average L. INCOME STATEMENT Inpatient Revenue $33,000,000 $40,000,000 $75,000,000 Outpatient Revenue $26,000,000 $30,000,000 $48,000,000 Total Patient Revenue $69,700,000 $71,000,000 $124,500,000 Total Operating Revenue $52,000,000 $54,000,000 $86,800,000 Total Expenses $47,000,000 $48,700,000 $80,700,000 Operating Income $ 5,600,000 $ 5,900,000 $ 6,100,100 Contributions, Donations $ 1,700,000 $ 100,000 $ 306,100 Net Income $ 8,700,000 $ 8,390,000 $ 9,400,100 2.BALANCE SHEET Cash $ 4,900,000 $ 8,700,000 $ 8,650,714 Total Assets $51,400,000 $103,900,000 $105,420,475 Total Liabilities $ 7,626,000 $ 9,035,000 $46,380,675 Fund Balance $43,000,000| $54,800,000 $59,039,800 Operating Margin 5.5 2.1 2.8 Return on Assets 2.1 3.1 5.7 Current Ratio 3.07 1.02 2.17 Average Payment Period 43.7 65 53.5 Days Cash on Hand 190.8 102.3 47.2 Days/Accounts Receivabl 600.6 320.1 113.0 3.VOLUME INDICATORS Hospital Beds 106 146 98 Hospital Discharges 6,000 6,204 2,596 Occupancy – Hospital 50.7 40.8 39.2 Hospital Length of Stay 6.0 6.1 4.2 Medicare Length of Stay 4.8 5.4 5.0 Medicaid Length of Stay 4.7 4.8 3.1 Medicare % Discharge 44.7 42.5 41.6 Medicaid % Discharge 19.9 9.4 8.8 Outpatient Revenue % 46.0 43.7 45.9 Inpatient Revenue % N/A 56.3 51.8 ICU Days Percentage 9.6 10.4 6.3 4.PRICING INDICATORS Hospital Cost per Discharge $6,853 $7,287 $5,059 Facility Salary per FTE $42,368 $37,000 $33,000 5.PROFIT INDICATOR Hospital Profit per Discharge $128 $-70 $-55
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