Why is ratio analysis so important in health care

Reference no: EM133196777

Assignment - Why Ratio Analysis Discussion

Why is ratio analysis so important in health care?

Choose a medical organization and describe at least three different ratios that you would use to assess its financial position. Explain why you selected those three ratios and how the three ratios would be used to update the CEO on the financial status of the organization.

Remember to use citations and references as appropriate. Your post must follow APA sixth edition style and formatting guidelines. See the Campus APA Style and Format page, linked in the Resources, for more information.

Please make sure you have these tow books. They will be used for most of my discussion and assignments.

Nowicki, M. (2018). Introduction to the financial management of healthcare organizations (7th ed.). Chicago, IL: Health Administration Press.

Chapter 3, "Financial Analysis and Management Reporting," pages 49-74.

Zelman, W. N., McCue, M. J., Glick, N. D., & Thomas, M. S. (2014). Financial management of health care organizations: An introduction to fundamental tools, concepts, and applications (4th ed.). Hoboken, NJ: Wiley.

Read Chapter 4, "Financial Statement Analysis," pages 137-183.

Review problem 13 on ratio analysis on page 188 in preparation for the assignment in this unit.

Reference no: EM133196777

Questions Cloud

What needs might a user have that your app would serve : What needs might a user have that your app would serve? Why might a user decide engaging with your app is the right choice for them

What research say about developmentally appropriate practice : What does research say about developmentally appropriate practice? Explain at least four of the interconnected research based principles.

Nursing workforce reauthorization act : NURSING DNP 840 Grand Canyon University How does or will the Title VIII Nursing Workforce Reauthorization Act impact your DPI project titled diabetes

Describe the shortcomings of the eoq model : IBM 1000 St. Clair College (a) Describe the shortcomings of the EOQ model (to set order size) when you played a beer game.

Why is ratio analysis so important in health care : Why is ratio analysis so important in health care? Explain why you selected those three ratios and how the three ratios would be used to update the CEO

What encouraging and discouraging about alberta curriculum : What is encouraging and discouraging about the Alberta curriculum if our aim in education is social justice oriented citizenship?

Identify opportunity for improvement : Identify opportunity for improvement. What areas of your communication and negotiation need improvement?

Strategic marketing plan : 1. How would you define the product offered in your cafe? Is it just coffee or is it something more than that?

Analyze ways of building emotional intelligence : Analyze ways of building Emotional Intelligence. Evaluate the extent that EI is an important leadership skill within an organization

User Account

All Pages