Hefty Debt Case Study

Items that can be converted into cash quickly are called current assets. These would include, cash on hand, inventory, short-term investments and accounts receivable. Liabilities are financial obligations that the organization owes. For example, short-term notes payable; loans that come due in less than one year and accounts payable; money owned for goods and services provided to the business.

Assets are things that a company owns that have value. This typically means they can either be sold or used by the company to make products or provide services that can be sold. Assets include physical property, such as plants, trucks, equipment and inventory. It also includes things that can’t be touched but nevertheless exist and have value, such as

The above analysis has presented a comprehensive report on the closure of city funded hospitals as well as the economic impact of this particular practice. With Philadelphia, New York and Chicago as the case studies, this analysis has established various ideas with reference to the closure of the said hospitals. From the analysis, it is clear that the closure of city funded hospitals has a serious economic effect, regardless of the location under consideration. In some areas, the closure is a much-needed move so as to save the economy while in other areas; closure has basically worsened the state of affairs in terms of provision of healthcare services. On the offset, the city of Chicago, Philadelphia as well as New York City has hospitals on the brink of closure

Recession was a great nightmare for recession brought with it multiple ideals of a troubled economy with regards to the community sufficiently offering services to the public. Cities across the United States have faced the toughest times in recent years with regards to healthcare service provision which has equally lead to closure of several hospitals. Focus for paper will reflect on the situation in the cities of Philadelphia, New York and Chicago; an look into the economic impact of the closure of the hospitals will be expounded upon in-depth as to establish an economic inference reference point economic levels in the said cities. The effect of tough economic times for the United States is evident in the closures of hospitals with some speculating that the facilities have fallen deep into debt as well as the situation is at the tipping point of getting worse in the near future with some cities even going to the extent of invoking the ideals of Chapter 9 bankruptcy (Dixon, Robertson, Appleby, John , Burge , & Delvin , 2011). The outline of this paper will be build upon analysis of individual hospital cases in the respective mentioned cities. The analysis will be founded on a critical point of view so as to culminate into a comprehensive economic analysis, together with the impact of the closure of city funded hospitals in the United States of America. The analysis on the impact will be narrowed particularly to the local communities.

The Consumer Financial Protection Bureau made a report about education fee, indicates that credit card debt amount has been surpassed by the $1 trillion mark and growing college debt. $150 billion of the total contributed by private student loans. This figure doesn’t include capitalized interest(How bad is).The average amount of debt was $26.682, while the median was $13.410, meaning the majority of household owed less than $14.000 .However ,about 10 percent of households owed more than $62,000.Total national student loan debt grows by roughly $2,853.88 per second, based on calculations(Project on Student Debt). These data are shown that the investment in college is beyond affordable.Many students are still in dilemma of education .These condition will bring a gap between the rich and the poor. Because there will be only the rich people that can afford the college. the inequality will grow into an enormous mountain.People have

The assets show the type of resource that the organization use; the other side shows the type of resources, and how much money it needs to take care of expenses. In Figure 1, it shows an example of a balance sheet for ABC.

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.

Assets are resources. Liabilities are the claims by creditors, and any remaining balance is what is owed to the stockholder of the business. This equation is represented on the financial statement known as the balance sheet. Companies also produce financial reports which help identify the flow of resources over time. Financial reports include “income statements, retained earnings statements, and the

Over the years financial management has been a concept that is flourishing in the world of health care. “Until the 1960s, financial management in all industries was generally viewed as descriptive in nature, with its primary role being to secure the financing needed to meet a business’s operating objectives” (Gapenski, 2008, pg.26). However, today, financial management holds a more significant role in the management of businesses overall. “Now, the primary role of financial management is to plan for, acquire, and utilize funds (capital) to maximize the efficiency and value of the enterprise” (Gapenski, 2008, pg.26). Similar too many happenings in health care, the specific goals of a business’s

Accounting in health care has profound effects on financial statements, and knowing the necessary components to conducting financial reports and balancing the assets is vital. Many things contribute to the overall foundation of the balance sheet and valuations for the health care organization. A lot of moving parts are required to keep health care organizations running and afloat for the long-term. One must understand the accounting concepts, and methods, terminology, in order to explain the various uses on how they apply to balance sheets. Valuing assets and Generally Accepted Accounting Principles (GAAP) method is effective for the right valuation as they will be explained in the following paragraphs.

Before you go into this first you must know what the definition of assets is. Assets equal things of value. Three requirements of an asset are, it has to be controlled by the entity, valuable to the entity and have measurable costs. Controlled by the entity basically means the item has to be owned, like rental space, employees and contracts for valuable people. Valuable

Health care organizations financial statements are the key tools to show the economic stability of an organization and guide leadership in making informed decisions. The Generally Accepted Accounting Principles (GAAP) is basic assumptions, and principles of accounting to determine the financial position of an organization. These principles offer consistency across health care organizations, and businesses maintaining track of the organizations fiscal returns, detailed balance, and outstanding debt. Generally Accepted Accounting Principles help guide health care organizations through the economic framework of accounting (Finkler & Ward, 2006). Over the next several pages I plan to discuss the

Assets is a company’s best friend, they provide the stability and resources needed to keep a business afloat. Assets are classified in one of three different categories; tangible assets, intangible assets, and intellectual property. Tangible assets

Any monetary item liquidated or exchanged for cash is known as an asset. Assets are equal to the total amount of debts, common shares, preferred shares, and undistributed earnings of a business. The three vital traits of assets are:

Assets will mean all variables of creation utilized as a part of the generation process. Such assets are rare. So every firm will attempt to make ideal allotment of such rare assets to get most ideal result.