I WILL SEND THE VERSION THROUGH SUPPORT BECAUSE IT IS MORE CLEARER THIS IS JUST A COPY OF WHAT I COULD PUT ON HERE THANK YOU Define the term or terms and use clear health care facility finance exa
You must also include a discussion of the benchmarks and the effect on the facility’s healthiness.
You must include analysis from all categories: (Income Statement, Balance Sheet, Volume Indicators, pricing indicators, and profit Indicator)
You must define all terms. All answers include specific information from the table.
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
1. 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
5.9
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 Rece.
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
Out Patient 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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