Determine the financial healthiness of the Carter Hospital Center. Include ratios as well as an evaluation
Question:
Determine the financial healthiness of the Carter Hospital Center.
• Include ratios as well as an evaluation of the Selected Measures of Financial and Operation Performance.
• You must also include a discussion of the benchmarks and the effect on the facility healthiness.
• You must include analysis from all categories: (Income Statement, Balance Sheet, Volume Indicators, pricing indicators, and profit Indicator)
• You must define all terms.
1.The Carter hospital center inpatient revenue in 2014 was $40,000,000 an increase of $7,00,000 a 21.2% increase from 2013. However, the benchmark for inpatient care is $75,000,000 resulting in Carter hospital center significantly falling below benchmark in 2013 and 2014 resulting in an 87.5% below the benchmark in 2014.
Carter hospital center has a total outpatient revenue of $30,000,000 and increase of $4,000,000 from 2013. Although the facility saw an increase in revenue from 2014. The benchmark is $48,000,000, the facility is below that amount b 37.5%.
Carter center saw an increase in their Total patient care from 2013 of 69,700,000 to $71,000,000 in 2014, an increase of $1,300,000 a percentage difference of 1.8%. Although the facility saw an increase in total patient revenue the benchmark is $124,500,000
Fundamentals of Financial Management
ISBN: 9780273713630
13th Revised edition
Authors: James van Horne, John Wachowicz