Examples Of Financial Data Analysis For Healthcare

Horizontal analysis allows side by side comparisons on a year to year basis to determine the performance from one year to the next. The company decides on standards to compare the results of the analysis. Standards are researched by checking competitors, internet research of general industry guidelines or standards created from past experience in the company.

There are a couple of concerns with Competition Bikes Inc., ProForma for year 9. The first concern is the amount of money that is allocated to research and development. For the previous three years, they have been all over the board with their budgets. The sixth year was $71,460, the seventh year was $98,280, and the eight year was $82,284. This is concerning that the budget has fluctuated so much. In the ninth year they have allocated $85,861. This budget line item should be analyzed so there is not so much variance in the budget between year to year.

Two traditional approaches to fund programs are grants and donations. Grant funding is typically the largest revenue source for a human service organization. Vast arrays of different grants are available for funding purposes. The XYZ Corporation can utilize these funds from government private foundations. The second traditional fundraising method to fund programs is donations. Building a relationship with the community and having a confident CEO that will reach out for donations can impact the amount of donations your organization receives annually. The XYZ Corporation has a large clientele and therefore should be able to gain recognition within the community and gain donations.

When I joined Exceptional Healthcare, we were operating at a loss. Operations were being financed with loans. The Board member briefed me on the situation and requested I identify the problem. First, I reviewed all the company expenses, and there was no expense to reduce, so I had to analyze the company’s revenue. I started by categorizing all patient visits by the payer (insurance companies) and by CPT codes (Type of visit/ procedure performed) to determine the reimbursement rates. Using my healthcare finance experience, I compared our reimbursement rates with other clinics in similar market/ business and noticed that ours were $500 to $800 lower. Then I audited the patient charts from the clinic to the billing company and discovered several

Commutronics had not accumulated enough profits and had no sufficient capital reserves. The company’s registered capital was therefore very low. The withholding tax rate of

In addition to delivering health care of the highest quality, another main goal of a health care organization is to remain profitable and viable through effective financial management. In an effort to do so, members of administration along with the Chief Financial Officer (CFO) work diligently in attempting to maintain and sustain a successful health care organization by monitoring the flow of cash (in and out) in accordance to GAAP (Generally Accepted Accounting Principles), while ensuring the needs and wants of the consumers are met. With this being the case, health care accounting skills are equally important in

Financial Analysis Task 5 Part B-Report to CEO B1. Custom Snowboards sales history has been steadily increasing per the table below. CSI has had small growth in sales with an equal increase in COGS. The COGS is relative to the increase in the net sales, however, CSI should look further into ways they can decrease their COGS line item in order to see more profit growth from year to year. We can see on the Horizontal Analysis below that net sales, COGS and Profit all had the same increases from years 12 to 13 and from years 13 to 14. This is indicative of CSI needing to do more cost based analysis to see where they can make production cost cuts and boost sales. Per the data, operating costs also increased alongside the net sales. Items such

Figure 3 Huntsman Corp. Huntsman, Eastman, Industry Revenue Trend ; Source: Mergent Online; Annual Studies

In the ever changing dynamic of the healthcare industry, it is central to look at financial trends and different types of financial analysis to capitalize on resources and minimize future impacts. With any growing healthcare organization it is vital to be aware of one’s internal and external environment, the community it serves as well as the status of the economy. The purpose of this paper is to determine the significance of certain types of financial analysis, particularly financial ratios, the use of EBITDA and how they influence the healthcare field.

Worked on accounts to make sure the correct contractual adjustments and payments had been received and posted. Also sent corrected claims and issued refunds to both patients and providers for overpayments.

A1. Concerns in Budget Planning: Budgetary Items. Depreciation: Depreciation is “the method that the accountants use to allocate the cost of equipment and other assets to the total cost of products and services as shown on the income statement” (Berman, Knight, & Case, 2013). Depreciation is said to be based on the same fundamentals as accruals in that a company “wants to match as closely as possible the costs of products and services with what was sold” (Berman et al., 2013). The idea is to spread the cost of the expenditure over the useful life of the item over the course of time (Berman et al., 2013). Depreciation carries too much of an increase in year 9. Year 8 totals for accumulated depreciation is at

Part B 1. (20 points) Interest rate and currency swap Using the table of swap rates, assume Trident enters into a three year swap agreement to receive euros  and  pay  Japanese  yen,  on

The simulation states, “Many hospitals in the United States are financially vulnerable because of the reduction in Medicaid cuts, funding cuts, and cuts in Medicare payments” (University of Phoenix, 2009). This simulation paper will show what some hospitals have to do to keep costs down. In addition, it will analyze financial indicators for decision making. This simulation will also show the financial accounting from a Cardiac Care Hospital’s Perspective. It will show how to bridge a working capital shortage, evaluate funding options for acquiring medical equipment, and evaluate funding options for capital expansion.

Patton-Fuller Community Hospital is known for specializing in surgery, medical care, physical therapy, radiology, pharmacy, labor, and delivery. Patton-Fuller Community Hospital has been in business since 1975. The hospital’s main focus is to provide quality medical care to all of their patients both adults and children. Patton-Fuller Community Hospital is one of the first in Kelsey. The hospital is dedicated to providing many different services and programs that will help maintain the health of their patients.

Amcor Limited(AMC) is one of the largest multinational packaging companies, which builded and developed from Australia. It now has over 300 sites in 43 different countries in the world and with sales of AUD $14 billion. AMC offer its customers with the high standards packaging solutions, reliable service and partnerships built on excellence. AMC has variety of materials for its packaging business. The main product of AMC are packaging for lots of staffs, for instance, food, tobacco, healthcare markets and so on.