CASE SYNOPSIS In mid-April 2000, Sherri Worth was faced with some very unsettling news about Pate Memorial Clinic’s future with a competitor potentially moving into the area. Worth was the assistant administrator at Pate Memorial Hospital (PMH) and was also responsible for the Pate Health Clinic (PHC). A study by the competitor was being done to see whether sufficient demand existed to establish a clinic 5 blocks north of PHC. The two biggest concerns in regards to the new competition were:
Your benefit package offers medical, dental, vision, life and accidental injury insurance. Stronger Memorial Hospital also provides sick, vacation and personal leave. We have a generous 401K plan, gym on premise, personal trainer, and free medical services for you and discounted services for family members. Your Human Resources department is responsible for administering and servicing these benefits as well as manage your pay. We are responsible for employee’s guides or handbooks. A handbook is a guide to our policies and should be your first resource for your questions. Stronger Memorial Hospital is dedicated to meeting and exceeding the customers' needs by consistently being the highest paying employer in the metro area. The Human Resources
This research paper provides an in-depth look into Jackson Memorial Hospital’s financial trouble. The paper is broken down into several chapters to better analyze the issues that have led to Jackson’s financial crisis. The first chapter focuses on the research proposal and introduction. It provides a brief history, outlined a list of essential as well as issues over the years. A research question and hypothesis are also formed to further explain the issues. In addition, a detail of the research significance and purpose is discussed, as well as an insight into the research method. In the second chapter, a literature review discussed the two theoretical concepts of lack of internal control and poor strategic planning and two other organizations
The first article “Community Health Systems to Sell Assets to Pay down Hefty Debt” is about local community health systems such as hospitals and facilities throughout the U.S. that has suffered a lack of earnings, patient admissions, profits, and share. Due to this disappointing news, community health systems will have
Moreover, it was highlighted in the case analysis that the hospital has been beset by financial
| HCM 385 | Jamea Kemple-Calambas | | A Financial Analysis of a Publicly Traded Health Care Company | | In this paper, I will use financial data and research of a publicly traded healthcare company to give an analysis of the selected company’s financial status. | The company I selected to analyze is a
The intention of this research paper is to further understand the financial statement of four distinct hospitals located in the San Diego, California County. An analysis of the financial report for Sharp HealthCare, Scripps Health, Tri-City HealthCare, and Palomar Health will be briefly discussed individually on each important financial outcome’s Such as: assets, liabilities, revenue, expenses, hospital debt, and investments. To analyze further, a break down between the hospitals assets, liabilities, and revenue will be compared in the paper.
Sale of Drugs and other health care facilities The company generates revenues by selling health care facilities to different health acres settings and clinics (Martin et al, 2010). This makes it to raise income which is used to pay its staffs and purchase other important goods which are used in
Interpreting Hospital Financial Statements: The Implications of Change Introduction Though they are not entirely comprehensive tools, a great deal can be learned about a hospital or other healthcare organization for-profit or not-for-profit from an examination of their annual financial documents (Finkler & Ward, 2006). The balance sheet and statement of revenue and expense can both yield valuable clues even in the absence of other evidence about changes that might be occurring in the organization, a definition of the type and degree of certain problems that it might be facing, and potential opportunities for improvement in performance that might exist (Finkler & Ward, 2006). Comparing two or more years' worth of financial information yields even more valuable insights, tracking movement in the hospital or other organization's ability to finance its activities and thus continue providing services at the same level, quantity, and scope as current operation.
The financial statement analysis of Doctors Hospital raises hopes and concerns regarding the financial performance and financial situation of the hospital. A rise in net assets and drop in liabilities will support the financial base of the hospital. Profits from short-term I nvestments should maintain this base, and improve the total assets. There is a concern in regards to cash flow and net income. There is a large reduction in cash flow of $2,222,000, which means there might be a shortage in cash flow to continue the project or purchase capital equipment. The organization should have to find solutions like to borrow from banks, spreading payments in future, etc. to manage the shortage of cash flow (Finkler et al., 2013). Another area
Describe Your Current Practice Setting Columbus Regional Health (n.d.) serves 10 counties in Southeast Indiana. The demographics include a predominantly Caucasian population of approximately 300,000 people (Economic Opportunities through Education by 2015, n.d.). In southeastern Indiana, about 140,000 individuals have employment, and 15% of them, who are over the
Hospitals have had a tremendous obligation to provide innovative services to the public and to maintain their financial stability. One measure of fiscal responsibility used, is an organization 's day’s cash on hand. According to the Balanced Budget Act of 1997, a reduction in reimbursement to providers, hospitals,
Relative Financial Norms and Standards within the Hospital Industry Hospitals and health systems in the U.S. are experiencing a remarkable transformation in their business models directed from numerous influences that are projected to ultimately turn the industry around. Pressures include providers troubled with the quantity of services they are responsible for, to providers who concentrate on presenting high-cost services that give emphasis to sustaining healthy populations (Dunn & Becker, 2013).
Memorial Hospital Case Study Abstract Memorial Hospital Case Study uses a series of communication between different level and functional hospital employees to paint a picture of how this hospital operates. This paper will analyze and summarize key characteristics underlining the organization structure, management style and leadership, identify major challenges and recommend
The unhealthy hospital case is about a hospital named Blake Memorial that has been in a very bad shape, lacks in providing the best quality of care, is in debt, and financially imbalanced. It is important for a healthcare set up to maintain balance in the financial system so the stakeholders and customers who are the patients their interests are met. If the hospital is lacking in providing the best quality of care for its community and the community is in high needs of the care than the CEO’s of the hospitals need to make a change. The patients (customers) look for getting the best services and better results from a hospital and the stakeholder’s looks for better profitable gain from their business by running the hospitals. In this case