Financial Analysis Of Healthcare Organizations - 1573 Words

The intention of this research paper is to further understand the financial statement of four distinct hospitals located in the San Diego, California County. An analysis of the financial report for Sharp HealthCare, Scripps Health, Tri-City HealthCare, and Palomar Health will be briefly discussed individually on each important financial outcome’s Such as: assets, liabilities, revenue, expenses, hospital debt, and investments. To analyze further, a break down between the hospitals assets, liabilities, and revenue will be compared in the paper. Keywords: Sharp HealthCare, Scripps Health, Tri-City HealthCare, and Palomar Health, Financial A Financial Analysis Performance Comparison of Scripps, Palomar, Sharp, and Tri-City Hospitals Understanding the financial analysis of healthcare organizations is strategic to the organization by understanding their stand on the amount of revenue they gain, healthcare assets, and their financial goals. This paper will provide a comparison on the performance of financial analysis of several California Healthcare Organizations such as; Scripps Health, Palomar Health, Sharp Healthcare, and Tri-City Healthcare. The four healthcare organizations will be illustrated with an overview about what the organizations have been doing financially , where they have been growing financially, and what have they accomplished over the past year from examining their financial statement. As the nation’s healthcare model continues to evolve,Show MoreRelatedFinancial Analysis of the Healthcare Field839 Words   |  3 Pageschanging dynamic of the healthcare industry, it is central to look at financial trends and different types of financial analysis to capitalize on resources and minimize fu ture impacts. With any growing healthcare organization it is vital to be aware of one’s internal and external environment, the community it serves as well as the status of the economy. The purpose of this paper is to determine the significance of certain types of financial analysis, particularly financial ratios, the use of EBITDARead MoreFinancial Management Of The Healthcare Organization1371 Words   |  6 PagesFinancial Ratios Analysis Raven Washington MHA 612: Financial Managerial Accounting Professor Jack Lazarre October 27, 2014 The financial management of the healthcare organization needs to handle financial matters carefully in order to perform well. Ratio analysis is a kind of financial statement analysis that is utilized to get a fast indication of an organizations financial performance in most important sectors, for that reason the healthcare organization must utilize ratioRead MoreFinancial Ratios Analysis and Comparison Paper1478 Words   |  6 PagesFinancial Ratios Analysis and Comparison Paper Dianne Davis MHA 612 Professor Johnson June 7, 2014 Abstract It is important for healthcare organizations to understand their present performance and weak areas in order to generate more effective operational strategies. Financial ratio analysis is an effective tool to determine hospital’s performance on several indicators such as ability to pay debt, capability to generate revenue, and sales performance etc. The objectiveRead MoreAssessing The Financial Statement Of Doctors Hospital ( Dh )914 Words   |  4 PagesFinancial Statement Analysis The ability to evaluate the financial statement of Doctors Hospital (DH) will promote accessibility to safe and timely healthcare. According to Kieso, Weygant, Warfield (2014), the advanced practice nurse (APN) recognizes the relevance within nursing and the data presented in financial statements to predict the future and ascertain the potential flaws of such organization. This purpose of this paper is to analyze the implications of finances for the APN, its role inRead MoreHealthcare Business Analysis. Student’S Name. Institution1201 Words   |  5 Pages Healthcare Business Analysis Student’s Name Institution Affiliation Healthcare Business Analysis Decision making process in creating a budget A budget is a financial document that contains a detailed plan in writing (usually in monetary form) expressing the expected financial implications of the various management strategies for attaining the organization’s primary goals and objectives in the coming financial period (Clowes, Scriven, 2015). A budget is a very important toolRead MoreFinancial Management Of Health Care Sector1256 Words   |  6 PagesFinancial management in health care sector has become vital in various ways. The choices in financing have an impact on the efficiency on the production and supply of health care services. With the growth of the healthcare industry has come the need for healthcare administrators to make increasing use of financial information and techniques in their decision making. Although organizations have individuals who focus almost exclusively on financial operations, managers in any area of operations areRead MoreFinancial Analysis On The Health Care Industry791 Words   |   4 PagesIn the modern world of the health care industry, it is vital that organization’s financial statement analyzes be kept up to date and reported accurately within their company. A financial analysis is an evaluative method of determining the past, current and projected performance of a company (Investopedia.com). Collectively, individual patients seek for superior quality of health care services and integrity from professionals who work in the hospitals with patients while serving the communities worldwideRead MoreHealth Care Organizations Essay920 Words   |  4 PagesSuggest the key financial drivers that most likely will cause health care organizations to merge. Provide support for your rationale. Cost is the driver that will most likely cause healthcare organizations to merge. Most healthcare organizations have issues with spending. Most industries today are faced with a variety of obstacles in achieving or remaining profitable. The healthcare industry is no exception. Profitability is enough of a challenge under normal circumstances, but especially so duringRead MoreBudgeting, Planning, And Controlling Management1404 Words   |  6 Pagesrecords the events that occurs before they occur. Budgeting and accounting both involve planning, allotting and distributing financial resources. Budgeting involves more planning and preparing a financial blueprint, but, these planning depend on the accounting of past and current year expenses and profits. The accounting system focuses on documenting and interpreting each financial transaction. After the budget is established, the accounting system is used to monitor and if necessary, correct any variationRead MoreReturn on Investment1472 W ords   |  6 PagesProject: Phase #1 Return on Investment (ROI): An examination of ROI financial analysis and its historical roots with the DuPont Company Return on Investment (ROI): An examination of ROI financial analysis and its historical roots with the DuPont Company Like it or not, with the current state of the economy, as well as, enforced implications of the Affordable Care Act, a large number of hospitals and healthcare agencies will close their doors for good this year. Perhaps the