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excel ratio template | term papers writer

Review the Week 8 Assignment 1 document provided to you by the Instructor. Examine the financial statements from the community hospital. Reflect on how you will use this financial data to calculate and analyze the organization’s financial ratios. Refer to Chapter 4 of Financial Management of Health Care Organizations: An Introduction to Fundamental Tools, Concepts and Applications for additional guidance.

The Assignment:

Using the statement of operations and balance sheet for the community hospital, complete the “Week 8 Ratio Excel Template”.

Healthcare Financial Management and Economics Week 8 Assignment 1 — Springfield Community Hospital

Assignment 1: Ratio Analysis

It is important to understand that when interpreting financial statements, the numbers alone may not provide the whole financial picture of an organization. Instead, you must analyze the statements using ratios, which are then compared to benchmarks across the healthcare industry. For this Assignment, you examine the financial documents for Springfield Community Hospital and analyze the organization’s financial health.

Springfield Community Hospital

Springfield Community Hospital is a small community hospital serving a rural population. The adjusted discharges are 3.30 for the 1st year and 3.10 for the 2nd.

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Springfield Community Hospital
Statement of Operations (in thousands) for the Years Ended December 31, 2016 and 2017

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2016

$21,000 1,000 22,000

Expenses
Salaries and benefits
Supplies and other expenses
Depreciation 2,300

2017

$17,000 800 17,800

8,000 5,000 1,900

100 15,000

2,800 2,200

5,000 $5,000

Revenues
Net patient service revenue
Net assets released from restriction

Total operating revenues

General services
Total operating expenses

Operating income Non-operating income

Excess of revenues over expenses Increase (decrease) in net assets

200 20,500

1,500 3,500

5,000 $5,000

12,000 6,000

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© 2015 Laureate Education, Inc.

Page 1 of 3

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Springfield Community Hospital
Balance Sheet (in thousands) for the Years Ended December 31, 2016 and 2017

Current assets Cash and cash

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equivalents
Net patient receivables
Inventory 900

Total current assets

Non-current assets Plant, property, and equipment

Gross plant, property, and equipment

(less accumulated depreciation)

Net plant, property, and equipment

Board-designated funds

Total assets

Current liabilities Accounts payable Accrued expenses

Total current liabilities

Long-term liabilities Bonds payable

Total long-term liabilities Net assets

Total liabilities and net assets

To prepare for this Assignment:

4,000 5,500

2016

$600

25,000 (18,000) 7,000

18,000 30,500

2,500 850 3,350

5,500 5,500

21,650 $30,500

2017

$400

3,500 800 4,700

23,000 (17,000) 6,000

9,000 20,250

2,000 900 2,900

7,500 7,500

9,850 $20,250

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Examine the financial statements from Springfield Community Hospital. Reflect on howyou will use this financial data to calculate and analyze the organization’s financialratios. Refer to Chapter 4 of Financial Management of Health Care Organizations: An Introduction to Fundamental Tools, Concepts and Applications for additional guidance.

© 2015 Laureate Education, Inc. Page 2 of 3

The Assignment:

Using the statement of operations and balance sheet for Springfield Community Hospital below, complete the “Week 8 Assignment 1 Ratio Excel Template”.

 

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