{"id":37764,"date":"2024-04-16T02:21:53","date_gmt":"2024-04-16T02:21:53","guid":{"rendered":"https:\/\/academicwritersbay.com\/writings\/week-8-assignment-1-fordsville-community-hospital-assignment-1-ratio-analysis\/"},"modified":"2024-04-16T02:21:53","modified_gmt":"2024-04-16T02:21:53","slug":"week-8-assignment-1-fordsville-community-hospital-assignment-1-ratio-analysis","status":"publish","type":"post","link":"https:\/\/academicwritersbay.com\/writings\/week-8-assignment-1-fordsville-community-hospital-assignment-1-ratio-analysis\/","title":{"rendered":"Week 8 Assignment 1 Fordsville Community Hospital Assignment 1: Ratio Analysis"},"content":{"rendered":"
\n
\n
\n

APA format, In-text citation<\/p>\n

Read number 1 and number 2 as instruction, then for number 1 completed the excel attachment<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
    \n
  • \n
    \n
    Excel.xlsx<\/div>\n<\/p><\/div>\n<\/li>\n
  • \n
    \n
    Number1.pdf<\/div>\n<\/p><\/div>\n<\/li>\n
  • \n
    \n
    Number2.pdf<\/div>\n<\/p><\/div>\n<\/li>\n<\/ul><\/div>\n<\/p><\/div>\n
    \n

    Ratio Template<\/h2>\n\n\n\n <\/tr>\n\n\n\n\n <\/tr>\n\n\n\n\n\n\n <\/tr>\n\n\n\n\n\n\n\n <\/tr>\n\n\n\n <\/tr>\n\n\n
    Week 8 Assignment 1 Ratio Template <\/td>\n<\/tr>\n
    <\/td>\n <\/td>\nA<\/td>\n <\/td>\nB<\/td>\n <\/td>\n <\/td>\nD<\/td>\n <\/td>\nE<\/td>\n <\/td>\nF<\/td>\n <\/td>\nG<\/td>\n<\/tr>\n
    (in '000)<\/td>\n<\/tr>\n
    <\/td>\n <\/td>\n12\/31\/22<\/td>\n <\/td>\n12\/31\/23<\/td>\n <\/td>\n <\/td>\n2022<\/td>\n <\/td>\n2023<\/td>\n <\/td>\n2022<\/td>\n <\/td>\n2023<\/td>\n<\/tr>\n
    Ratio[a]<\/td>\n <\/td>\n[D\/E]<\/td>\n <\/td>\n[F\/G]<\/td>\n <\/td>\n <\/td>\nNumerator<\/td>\n <\/td>\nDenominator<\/td>\n <\/td>\nNumerator<\/td>\n <\/td>\nDenominator<\/td>\n<\/tr>\n
    Current Ratio<\/td>\n<\/tr>\n
    Quick Ratio<\/td>\n<\/tr>\n
    Acid Test Ratio<\/td>\n<\/tr>\n
    Days in Accounts Receivable<\/td>\n<\/tr>\n
    Days Cash on Hand<\/td>\n<\/tr>\n
    Average Payment Period (Days)<\/td>\n<\/tr>\n
    Operating Revenue per Adjusted Discharge<\/td>\n<\/tr>\n
    Operating Expense per Adjusted Discharge<\/td>\n<\/tr>\n
    Salary & Benefit Exp. as % of Operating Exp.<\/td>\n<\/tr>\n
    Operating Margin<\/td>\n<\/tr>\n
    Non-Operating Revenue<\/td>\n<\/tr>\n
    Return on Total Assets<\/td>\n<\/tr>\n
    Return on Net Assets<\/td>\n<\/tr>\n
    Total Asset Turnover Ratio<\/td>\n<\/tr>\n
    Fixed Asset Turnover Ratio<\/td>\n<\/tr>\n
    Age of Plant Ratio<\/td>\n<\/tr>\n
    Long-Term Debt to Net Assets<\/td>\n<\/tr>\n
    Net Assets to Total Assets<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n

    ,<\/p>\n

    \n

    \u00a9 2020 Laureate Education, Inc. Page 1 of 3 <\/p>\n

    Healthcare Financial Management and Economics <\/p>\n

    Week 8 Assignment 1 \u2014 Fordsville Community Hospital <\/p>\n

    Assignment 1: Ratio Analysis <\/p>\n

    It is important to understand that when interpreting financial statements, the numbers alone may not provide the whole financial picture of an organization. Instead, you must analyze the statements using ratios, which are then compared to benchmarks across the healthcare industry. For this Assignment, you examine the financial documents for Fordsville Community Hospital and analyze the organization\u2019s financial health. <\/p>\n

    Fordsville Community Hospital <\/p>\n

    Fordsville Community Hospital is a small community hospital serving a rural population. The adjusted discharges are 3.30 for the 1st year and 3.10 for the 2nd. <\/p>\n

    Fordsville Community Hospital Statement of Operations (in thousands) for the Years Ended December 31, 2018 and 2019 <\/p>\n

    2018 2019 <\/p>\n

    Revenues Net patient service revenue $23,000 $19,000 Net assets released from restriction 1,000 800 Total operating revenues 24,000 19,800 <\/p>\n

    Expenses Salaries and benefits 13,000 9,000 Supplies and other expenses 7,000 6,000 Depreciation 2,500 2,000 General services 200 100 Total operating expenses 22,700 17,100 <\/p>\n

    Operating income 1,300 2,700 Non-operating income 4,000 2,500 <\/p>\n

    Excess of revenues over expenses 5,300 5,200 <\/p>\n

    Increase (decrease) in net assets $5,300 $5,200 <\/p>\n<\/p><\/div>\n

    \n

    \u00a9 2020 Laureate Education, Inc. Page 2 of 3 <\/p>\n

    Fordsville Community Hospital Balance Sheet (in thousands) for the Years Ended December 31, 2018 and 2019 <\/p>\n

    2018 2019 Current assets Cash and cash equivalents <\/p>\n

    $700 $500 <\/p>\n

    Net patient receivables 4,000 3,500 Inventory 950 750 Total current assets 5,650 4,750 <\/p>\n

    Non-current assets Plant, property, and equipment Gross plant, property, and equipment <\/p>\n

    26,500 24,000 <\/p>\n

    (less accumulated depreciation) <\/p>\n

    (18,000) (17,000) <\/p>\n

    Net plant, property, and equipment <\/p>\n

    8,500 7,000 <\/p>\n

    Board-designated funds 18,000 9,000 <\/p>\n

    Total assets 32,150 20,750 <\/p>\n

    Current liabilities Accounts payable 2,500 2,000 Accrued expenses 900 250 Total current liabilities 3,400 2,250 <\/p>\n

    Long-term liabilities Bonds payable 6,500 8,000 Total long-term liabilities 6,500 8,000 <\/p>\n

    Net assets 22,250 10,500 <\/p>\n

    Total liabilities and net assets <\/p>\n

    $32,150 $20,750 <\/p>\n

    To prepare for this Assignment: <\/p>\n

    Examine the financial statements from Fordsville Community Hospital. Reflect on how you will use this financial data to calculate and analyze the organization\u2019s financial ratios. Refer to Chapter 13 of Gapinski's Understanding Healthcare Financial Management for additional guidance.<\/p>\n<\/p><\/div>\n

    \n

    \u00a9 2020 Laureate Education, Inc. Page 3 of 3 <\/p>\n

    The Assignment: <\/p>\n

    Using the statement of operations and balance sheet for Fordsville Community Hospital, complete the \u201cWeek 8 Assignment 1 Ratio Excel Template\u201d. <\/p>\n

    Your Assignment is due by Day 7 of Week 8. <\/p>\n<\/p><\/div>\n

    \n
      <\/ol>\n<\/p><\/div>\n

      ,<\/p>\n

      \n

      \u00a9 2020 Laureate Education, Inc. Page 1 of 1 <\/p>\n

      Healthcare Financial Management and Economics <\/p>\n

      Week 8 Assignment 2 \u2014 Northern Plains Imaging Center <\/p>\n

      Assignment 2: Break-Even Point Formulas <\/p>\n

      Before making hiring or purchasing decisions, healthcare organizations must consider whether the decision is financially profitable. By calculating break-even points, organizations are able to examine actual costs and make more sound financial decisions. For this Assignment, you use data from the Northern Plains Imaging Center and calculate break-even points. <\/p>\n

      Scenario: Northern Plains Imaging Center is a small imaging center with two analogue film or screen units. As the director of the center, Juanita Hernandez has been asked to determine if the current staffing is correct for her place or should she add another aide. She currently uses 2 mammography units, 2 Certified Technologists, and 1 aide. She has analyzed the current costs and determined the following: Reimbursement per screen $85 Equipment lease per month ($800 per machine) $1600 Certified Technologists costs per mammography ($25 per Tech) $50 Technologist aide per mammography $5 Variable cost per mammography $10 Equipment maintenance per month ($700 per machine) $1400 <\/p>\n

      To prepare for the Assignment: <\/p>\n

      Examine the Northern Plains Imaging Center scenario. Reflect on how you will use the provided financial data to calculate break-even points. Refer to Chapter 11 of Gapinski\u2019s Understanding Healthcare Financial Management for additional guidance. <\/p>\n

      The Assignment: <\/p>\n

      Given the above information, use the \u201cWeek 8 Assignment 2 Break Even Excel Template\u201d to answer these items as a Department: <\/p>\n

      A. Solve for monthly volume to break even. B. Solve for monthly volume needed to break even at desired $5,000 per month <\/p>\n

      profit level. C. Solve for volume needed to break even at new reimbursement of $55 per screen <\/p>\n

      and no profit. D. Solve for volume needed to break even with one(1) additional aide. <\/p>\n

      Your Assignment is due by Day 7 of Week 8. <\/p>\n<\/p><\/div>\n