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______________INSERT Organization Name Statement of Operations (in thousands) for the Years Ended December 31, 20X1 and 20X0 20X1 Revenues Net

This question was answered on Jul 20, 2016. View the Answer

Please help with this assignment. See attached the assignment and the excel template

______________INSERT Organization Name Statement of Operations (in thousands) for the Years Ended December 31, 20X1 and 20X0 20X1 20X0 Revenues Net patient service revenue Net assets released from restriction Total operating revenues Expenses Salaries and benefits Supplies and other expenses Depreciation General services Total operating expenses Operating income Non-operating income Excess of revenues over expenses Increase (decrease) in net assets
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______________INSERT Organization Name Balance Sheet (in thousands) for the Years Ended December 31, 20X1 and 20X0 20X1 20X0 Current assets Cash and cash equivalents Net patient receivables Inventory Total current assets Non-current assets Plant, property, and equipment Gross plant, property, and equipment (less accumulated depreciation) Net plant, property, and equipment Board-designated funds Total assets Current liabilities Accounts payable Accrued expenses Total current liabilities Long-term liabilities Bonds payable Total long-term liabilities Net assets Total liabilities and net assets
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Healthcare Financial Management and Economics Week 8 Assignment 1 — Franklin Community Hospital Assignment 1: Ratio Analysis It is important to understand that when interpreting financial statements, the numbers alone may not provide the whole financial picture of an organization. Instead, you must analyze the statements using ratios, which are then compared to benchmarks across the healthcare industry. For this Assignment, you examine the financial documents for Franklin Community Hospital and analyze the organization’s financial health. Franklin Community Hospital Franklin Community Hospital is a small community hospital serving a rural population. The adjusted discharges are 3.30 for the 1 st year and 3.10 for the 2 nd . Franklin Community Hospital Statement of Operations (in thousands) for the Years Ended December 31, 2016 and 2017 2016 2017 Revenues Net patient service revenue $22,000 $19,000 Net assets released from restriction 1,000 800 Total operating revenues 23,000 19,800 Expenses Salaries and benefits 11,000 8,000 Supplies and other expenses 7,000 6,000 Depreciation 2,500 2,100 General services 300 520 Total operating expenses 20,800 16,620 Operating income 1,250 4,200 Non-operating income 3,500 2,200 Excess of revenues over expenses 4,750 6,400 Increase (decrease) in net assets $4,750 $6,400 Franklin Community Hospital 2016 2017 Current assets Cash and cash $600 $400 © 2015 Laureate Education, Inc. Page 1 of 2
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equivalents Net patient receivables 4,000 3,500 Inventory 1,000 900 Total current assets 5,600 4,800 Non-current assets Plant, property, and equipment Gross plant, property, and equipment 25,000 23,000 (less accumulated depreciation) (18,000) (17,000) Net plant, property, and equipment 7,000 6,000 Board-designated funds 19,000 10,000 Total assets 31,600 21,250 Current liabilities Accounts payable 2,600 2,100 Accrued expenses 850 900 Total current liabilities 3,450 3,000 Long-term liabilities Bonds payable 5,600 7,600 Total long-term liabilities 5,600 7,600 Net assets 22,550 10,650 Total liabilities and net assets $31,600 $21,250 To prepare for this Assignment: Examine the financial statements from Franklin Community Hospital. Reflect on how you will use this financial data to calculate and analyze the organization’s financial ratios. Refer to Chapter 4 of Financial Management of Health Care Organizations: An Introduction to Fundamental Tools, Concepts and Applications for additional guidance. The Assignment: Using the statement of operations and balance sheet for Franklin Community Hospital below, complete the “Week 8 Assignment 1 Ratio Excel Template” . Your Assignment is due by Day 7 of Week 8. © 2015 Laureate Education, Inc. Page 2 of 2
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USW1_MMHA_6400_Week08_ratioExcelTemplate.xlsx

______________INSERT Organization Name
Statement of Operations (in thousands)
for the Years Ended December 31, 20X1 and 20X0
20X1
Revenues
Net patient service revenue
Net assets released from...

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Question_answer.docx

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    • ka_moderator
    • Jul 20, 2016 at 1:41pm

This question was asked on Jul 19, 2016 and answered on Jul 20, 2016 for the course MMHA 6400-2 at Walden University.

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