You must also include a discussion of the benchmarks and the effect on the facility’s healthiness. You must include analysis from all categories: (Income Statement, Balance Sheet, Volume Indicators, pricing indicators, and profit Indicator) You must define all terms. All answers include specific information from the table. List your strategies. In order to improve, reduce, increase, etc. the facility needs to…
Selected Measures of Financial and Operation Performance 2013 2014 Benchmark State Average 1. INCOME STATEMENT Inpatient Revenue $33,000,000 $40,000,000 $75,000,000 Outpatient Revenue $26,000,000 $30,000,000 $48,000,000 Total Patient Revenue $69,700,000 $71,000,000 $124,500,000 Total Operating Revenue $52,000,000 $54,000,000 $86,800,000 Total Expenses $47,000,000 $48,700,000 $80,700,000 Operating Income $ 5,600,000 $ 5,900,000 $ 6,100,100 Contributions, Donations $ 1,700,000 $ 100,000 $ 306,100 Net Income $ 8,700,000 $ 8,390,000 $ 9,400,100 2. BALANCE SHEET Cash $ 4,900,000 $ 8,700,000 $ 8,650,714 Total Assets $51,400,000 $103,900,000 $105,420,475 Total Liabilities $ 7,626,000 $ 9,035,000 $46,380,675 Fund Balance $43,000,000 $54,800,000 $59,039,800 Operating Margin 5.9 2.1 2.8 Return on Assets 2.1 3.1 5.7 Current Ratio 3.07 1.02 2.17 Average Payment Period 43.7 65 53.5 Days Cash on Hand 190.8 102.3 47.2 Days/Accounts Rece. 600.6 320.1 113.0 3. VOLUME INDICATORS Hospital Beds 106 146 98 Hospital Discharges 6,000 6,204 2,596 Occupancy – Hospital 50.7 40.8 39.2 Hospital Length of Stay 6.0 6.1 4.2 Medicare Length of Stay 4.8 5.4 5.0 Medicaid Length of Stay 4.7 4.8 3.1 Medicare % Discharge 44.7 42.5 41.6 Medicaid % Discharge 19.9 9.4 8.8 Out Patient Revenue % 46.0 43.7 45.9 Inpatient Revenue % N/A 56.3 51.8 ICU Days Percentage 9.6 10.4 6.3 4. PRICING INDICATORS Hospital Cost per Discharge $6,853 $7,287 $5,059 Facility Salary per FTE $42,368 $37,000 $33,000 5. PROFIT INDICATOR Hospital Profit per Discharge $128. $-70. $ -55.
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