4a: Financial ratios provide a comparative analysis of financial operations, using data drawn from two financial statements. As a healthcare leader explain how you would utilize ratio analysis to assess operations. Further explain benchmarking, where you might obtain comparative data, and how internal or external benchmarking would assist senior leadership in determining the financial position of your healthcare organization.

4b: Certain ratios are important for daily fiscal management. Explain the following two ratios and how they contribute to cashflow monitoring of a healthcare organization.
• Days cash on hand
• Days in accounts receivable

Answer rating: 100% (QA)

As a healthcare leader I would utilize ratio analysis to assess the financial operations of my organization by examining key financial ratios such as ... View the full answer