Healthcare Finance Case 3

Mechanisms for Evaluating Financial Health of Health Care OrganizationsCase Assignment Pearland Medical Center reported revenues of $1,500,000,000 in 2012
and $1,250,000,000 in 2013. The revenue streams comprised 25% patient
self-pay revenue, 50% third-party payors revenue, and the remaining 25%
was a combination of grants from the Grant Foundation and investments.
The medical center spent $15,000,000 in marketing for each of the past
two years. The average hospital daily patient census was 570 in 2012 and
470 patients in 2013; patient hospital days were 202,920 in 2012 and
171,500 in 2013. Pearland Medical Center reported operating expenses of $500,000,000
in 2012; but due to layoffs and reorganization, operating expenses
decreased by $200,000,000 in 2013. Depreciation expense was $50,000,000
in both years. The medical center spent $20,000,000 on research and
education each year. Executive administration anticipates little growth
in patient population in the coming year and will likely need to invest
in new equipment. The nonprofit facility pays no shareholder dividends
or taxes.Create an income statement based on the scenario. Determine the
financial health of Pearland Medical Center. What were Pearland Medical
Center’s net income, cash flow, total profit margin, and total profit
margin excluding grants and investments for each year?Discuss your suggestions for Pearland Medical Center based on your
interpretation of the income statement. Is the facility financially
healthy? Should the Grant Foundation reconsider their grant? Assignment Expectations Length: 3 pages, 3 Cited sources from required reading. Required Reading
Accounting For Management. (2013). Vertical analysis (common-size analysis) of financial statements. Retrieved from http://www.accountingformanagement.org/vertical-an…
Albrecht, C. & Albrecht, C. (2008). The nature of financial statement fraud. Internal Auditing, 23(4), 22-27.
National Health Care Anti-Fraud Association. (2016). The challenge of
health care fraud. Retrieved from
https://www.nhcaa.org/resources/health-care-anti-f…
U.S. Securities and Exchange Commission. (n.d.) Beginners’ guide to financial statements. Retrieved from http://www.sec.gov/investor/pubs/begfinstmtguide.h…

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