I WILL SEND THE VERSION THROUGH SUPPORT BECAUSE IT IS MORE CLEARER THIS IS JUST A COPY OF WHAT I COULD PUT ON HERE THANK YOU Define the term or terms and use clear health care facility finance exa

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I WILL SEND THE VERSION THROUGH SUPPORT BECAUSE IT IS MORE CLEARER THIS IS JUST A COPY OF WHAT I COULD PUT ON HERE THANK YOU

  1. Define the term or terms and use clear health care facility finance examples to aid in your explanation (You must include numbers as well as words)

    1. The difference between facility charges, payment, and costs
    2. Payment to Cost Ratio
    3. Payer Mix
    4. Global Managed Care
    5. Shifting Financial Risk
    6. The Forms of Shifted Financial Risk
    7. Benchmarks or Benchmarking
    8. Operational Performance Indicators (mention at least 4)
  2. Using the table below, determine the financial healthiness of the Carter Hospital Center:

    • Include ratios as well as an evaluation of the Selected Measures of Financial and Operation Performance listed in the table below.
    • 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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