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Health Care Finance at Review Community Hospital - Term Paper Example

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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…
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Health Care Finance at Review Community Hospital
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Download file to see previous pages 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 ...Download file to see next pagesRead More
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