Best ways to understand a company’s financial health

One of the best ways to understand a company’s financial health is to review its financial statements, including the balance sheet, income statement, and cash flow statement. These statements provide information about the company’s assets, liabilities, revenues, expenses, and cash flow. You can typically find these statements in a company’s annual report if non-profit.
For publicly traded HSOs, regulatory filings with the Securities and Exchange Commission (SEC) can provide additional information about the company’s financial performance, management, and risks. These filings include the annual report, 10-K, 10-Q, and proxy statement
To gain a better understanding of the financial condition of your chosen health services organization, its budget preparation process, and fiscal planning strategies, you will develop five questions that you will answer as part of your investigation. Ideally, these would be questions you would ask a management official responsible for the financial planning of the organization. It is important that you provide a brief explanation for why you chose to include each of the 5 questions.
Think about questions that will give you greater insight into what the company looks for when preparing their annual budget, their fiscal planning strategies, and how they monitor their financial condition throughout the year and make necessary adjustments.

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