Describe, analyze, and compare revenues and expenses for the years 2011 2013. FINANCIAL CONDITION ANALYSIS Case

Describe, analyze, and compare revenues and expenses for the years 2011 – 2013.

  

 

 

 

 

 

 

 

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FINANCIAL CONDITION ANALYSIS Case study Riverview Community Hospital Riverview Community Hospital is a 210-bed, not-for-profit, acute care hospital with a long-standing reputation for providing quality healthcare services to a growing service area. Riverview competes with three other hospitals in its metropolitan statistical area (MSA) – two not-for-profit and one for-profit. It is the smallest of the four but has traditionally been ranked highest in patient satisfaction polls. Hospitals are accredited by the Joint Commission, an independent not-for-profit organization whose mission is to improve the safety and quality of healthcare provided to the public through accreditation and related services. Although accreditation is optional for hospitals, it is generally required to qualify for governmental (Medicare and Medicaid) reimbursement, and hence the vast majority of hospitals apply for accreditation. River passed its latest Joint Commission survey with "flying colors" receiving the Gold Seal of Approval from that accrediting body. In recent years, competition among the four hospitals in Riverview's service area has been keen but friendly. However, a large for-profit chain recently purchased the for-profit hospital, which has resulted in some anxiety among the managers of the other three hospitals because of the chain's reputation for aggressively increasing market share in the markets they serve. Relevant financial and operating data for Riverview Community Hospital are contained in the attached spreadsheets, re. A- Statements of Operations, B-Balance Sheets, C-Statements of Cash Flows, D-Revenue and Expense Allocation, E. Selecting Operating Data and selected industry data are contained in F- Financial Ratios and G-Selected Industry Operating Ratios. In addition to the data in the spreadsheets, the following information was extracted from the notes section of Riverview's 2013 Annual Report. FINANCIAL CONDITION ANALYSIS Case study Riverview Community Hospital Riverview Community Hospital is a 210-bed, not-for-profit, acute care hospital with a long-standing reputation for providing quality healthcare services to a growing service area. Riverview competes with three other hospitals in its metropolitan statistical area (MSA) – two not-for-profit and one for-profit. It is the smallest of the four but has traditionally been ranked highest in patient satisfaction polls. Hospitals are accredited by the Joint Commission, an independent not-for-profit organization whose mission is to improve the safety and quality of healthcare provided to the public through accreditation and related services. Although accreditation is optional for hospitals, it is generally required to qualify for governmental (Medicare and Medicaid) reimbursement, and hence the vast majority of hospitals apply for accreditation. River passed its latest Joint Commission survey with "flying colors" receiving the Gold Seal of Approval from that accrediting body. In recent years, competition among the four hospitals in Riverview's service area has been keen but friendly. However, a large for-profit chain recently purchased the for-profit hospital, which has resulted in some anxiety among the managers of the other three hospitals because of the chain's reputation for aggressively increasing market share in the markets they serve. Relevant financial and operating data for Riverview Community Hospital are contained in the attached spreadsheets, re. A- Statements of Operations, B-Balance Sheets, C-Statements of Cash Flows, D-Revenue and Expense Allocation, E. Selecting Operating Data and selected industry data are contained in F- Financial Ratios and G-Selected Industry Operating Ratios. In addition to the data in the spreadsheets, the following information was extracted from the notes section of Riverview's 2013 Annual Report.

Answer rating: 100% (QA)

Calculating following ratios of Riverview Community Hospital 1 Ret... View the full answer