A Financial Analysis Of Bay Area Community Hospital

With respect to Columbia Memorial Hospital, a profit and loss statement must be done in order for the clinic to know if they should continue expanding or shut down. A pro forma profit and loss statement advances the company's proposal for future revenues and expenses. Various companies have numerous approaches they use to reach how they will deliver the goods financially for the future. Separate scenarios have been investigated.

Advanced practice nurses provide care in many areas in the healthcare arena. They provide care to patient and family for better patient outcome. According to Kleinpell et al. (2014), the global characteristics of the APRN roles include the “Right to diagnose, authority to prescribe medication, authority to prescribe treatment, authority to refer clients to other professionals, and the authority to admit patients to the hospital. There are four roles of the advanced practice nurse; Certified Nurse Practitioner, Certified Nurse Midwifery, Clinical Nurse Specialist, and Certified Registered Nurse Anesthetist

Background- In its most basic sense, risk management identifies, allows assessment, and prioritizes risks that are associated and central to an individual project or organization. Risk management allows the organization to be proactive in preventing or mitigating risks, for improving certain processes within the organization, and with the hope of preventing fiscal exposure. However, in almost every organization there are risks individuals are unique and do not always perform at a high level of safety; mechanical or design failures exist, construction projects have supply or labor issues, there are uncertainties in computer or data modification, of course natural disasters, and even deliberate attacks from competitors, etc. Because this is such a common occurrence, national and even international standards have been developed in conjunction with the insurance and regulatory institutions to at least provide basic guidelines to minimize risks risk (International Organization for Standardization, 2009).

b) California hospital medical center (CHMC) is a member of Dignity health, a California based not-for-profit corporation located in California. Founded in 1986 by the Sisters of Mercy under the name Catholic Healthcare West, Dignity health operates hospitals and ancillary services in seventeen different states and it is the fifth largest health system in the nation. CHMC, is located in the South Park district of downtown Los Angeles. It serves the South Central communities of Los Angeles and other neighboring communities. CHMC a 318-bed not-for-profit hospital is known for its wide range of medical services like obstetrics and gynecology, orthopedics and cardiology, oncology, telemetry, sub-acute, and operates the only Level II trauma center in downtown Los Angeles. The CHMC Emergency Room treats over 70,000 patients each year and a gateway to the many homeless people in the area. CHMC is a teaching hospital to most medical and nursing schools in California. It also offers a family residency program that attracts residents from all over the state. Prominent neighboring centers include Staples Center, L.A. Live and the Fashion Institute of Design and Merchandising.

Metro Mercy Hospital’s (MMH) downward spiral of financial stability has been compounded by a number of factors to include: over utilization, decreased financial performance, competition from larger more stable competitors, and rapidly changing community dynamic (Zuckerman, 2008). While management has attempted to implement strategies in an effort to re-position MMH to a more financially stable position and ensure long term success its has been met with gradual progress. In the final attempt to save the organization, the board of direction has presented three viable and potential successful solutions: remain freestanding, affiliate with another organization, or merge with a more stable hospital network/system. While all three option have pro and cons to allow the MMH to remain in operation all present significant challenges to sustain those founding principles and official goals originally established when the organization first began operations.

The intention of this research paper is to further understand the financial statement of four distinct hospitals located in the San Diego, California County. An analysis of the financial report for Sharp HealthCare, Scripps Health, Tri-City HealthCare, and Palomar Health will be briefly discussed individually on each important financial outcome’s Such as: assets, liabilities, revenue, expenses, hospital debt, and investments. To analyze further, a break down between the hospitals assets, liabilities, and revenue will be compared in the paper.

What is the financial impact of this situation on the organization? Develop a short plan for how you would compensate for this situation.

The ability to evaluate the financial statement of Doctors Hospital (DH) will promote accessibility to safe and timely healthcare. According to Kieso, Weygant, & Warfield (2014), the advanced practice nurse (APN) recognizes the relevance within nursing and the data presented in financial statements to predict the future and ascertain the potential flaws of such organization. This purpose of this paper is to analyze the implications of finances for the APN, its role in the financial welfare of a healthcare organization, examine the financial statement analysis of Doctors Hospital (DH), illustrate the significance of the financial statement to comprise the balance sheet, cash flow and income statement and calculate the financial ratios of the financial statements.

Financial statements of the company are significant for the investors who would like to venture into the business operation. It gives them the insight whether the business is making profits or it is doomed to fail;

Henry Ford Hospital in Detroit, is a level one trauma center that is recognized for clinical excellence in cardiology, neurology, orthopedics, transplants, and treatment for cancer (Henry, 2016). Henry Ford Health Systems has over 23,000 employees, and is the fifth largest employer in the Metro-Detroit area, and is also one of the most diverse health systems (Henry, 2016). As part of a successful marketing strategy, health care organizations use branding to promote their vision, and values. Branding is defined as a marketing strategy of creating a name, symbol, or design that identifies a product (Branding, 2016). Branding is a tool that conveys product benefits to customers in the form of names or symbols to which unique and motivating associations are attached (Sanya, Datta, & Banerjee, 2013). Organizations need to develop effective strategies that have purpose, relate to their audience, and positively represent the values of the organization. Services or products provided by a health care organization should be branded in order to appeal to customers’ needs, as well as their desires (Corbin, Kelley, & Schwartz, 2001). According to the article “Focus on branding to attract healthcare consumers”, an active branding strategy can align physicians and staff with the hospital’s identity, as well as their mission, and make communication consistent (Caramenico, 2012). As one of the leading hospitals in the metro Detroit area, Henry Ford Hospital focuses their branding strategy on

Accountants, business owners, investors, creditors and employees use four basic financial statements of an organization to determine the financial well-being and future earnings potential of that organization. Financial statements are a key tool in seeing and understanding the past, present and future condition of an organization. What are these financial statements and what do they mean to the reader? Do the financial statements mean something completely different to an investor, creditor, and employee?

have explained that the Financial statements provide asummarized view of the financial position and operations of a firm. Therefore, much can belearnt about a firm from a careful examination of its financial statements as invaluabledocuments / performance reports. The analysis of financial statements is, thus, an important aidto financial analysis.

Balance sheets and income statements are a snapshot of a company’s stability and financial situation. Combined the statements show the income, expenses, and stockholder’s equity in the company. These statements are often analyzed by financial institutions when a company comes to them needing a loan. Stockholders and other investors also look at these statements to make sure their investment will return a profit for them. This paper will look at four different companies and their balance sheets and income statements. The companies are Eastman Chemical Company, Covenant Transportation

For Fiscal year 2013, the firm recorded revenues of $13,983 million which is about 2.4% above fiscal year 2012. The firm’s largest geographic market, United States and Puerto Rico, accounted for the 93.4% of fiscal year 2013’s total revenue. Waste Management produces it revenues from five business segments: solid waste tier 1 (which 21.1% of the operating revenues in fiscal year 2013); solid waste tier 2 (with 39% of total revenues), solid waste tier 3 (with 21.5% of total revenues), Wheelabrator (collaborating with 5.1% of total revenues), and other sources (13.2% of total revenues).

According to Needles et al. (2012), publishing of the financial statements is part of financial reporting process. The company thereby informs general public, investors, creditors and shareholders about the changes in its financial position and performance over a certain period. The key financial statements are balance or statement of financial position, income statement and cash flow statement. In addition, there is the statement of shareholders’ equity. A balance sheet contains information on a particular date. In case with 10-K, the date is December 31 of a particular year. Therefore,