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Complete all the reading assignments for this course (all 5 modules) prior to beginning work on this assignment. These readings have a direct relation to the case.
Read Case 24: River Community Hospital (A), Assessing Hospital Performance, on pp 159-160 of Pink and Song (2018) (Links to an external site.).
Write a written report to the hospital’s board of trustees (following APA format) detailing answers to the following:
Interpret the hospital’s statements of cash flows.
Present an overview of the hospital’s financial position using the Du Pont equation as a guide.
Use ratio analysis to identify the hospital’s specific financial strengths and weaknesses. Note: The board is not going to appreciate a lengthy dialogue with too many individual ratios. Focus on key findings and one or two ratios per category – don’t put them to sleep! Also, use graphs or other techniques to summarize the data.
Use operating indicator analysis to identify the operational factors that explain the hospital’s current financial condition.
Summarize your evaluation of the hospital’s financial condition. However, don’t just rehash the numbers; rather, present your views on the potential underlying economic and managerial factors that might have caused any problems that surfaced in the financial and operating analysis.
Make any recommendations that you believe the hospital should follow to ensure future financial soundness.
Prepare your assignment for submission:
Follow all applicable APA Guidelines (Links to an external site.) regarding in-text citations, list of cited references, and document formatting for this paper. Failure to properly cite and reference sources constitutes plagiarism.
The title page and reference list are not included in the page count for this paper.
Proofread your assignment carefully. Improper English grammar, sentence structure, punctuation, or spelling will result in significant point deductions.
For Book Chapters:
Louis Gapenski. (2016). Healthcare Finance: An Introduction to Accounting and Financial Management, Sixth Edition: Vol. Sixth edition. Health Administration Press.
For Pages 159-160 documents:
G. Pink, and P. Song (2018). Gapenski’s cases in healthcare finance, sixth edition: Sixth edition. Health Administration Press.