Healthcare Finance Project: Assignment

Added on - 16 Sep 2019

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Name:Student Number:Word count:Name of the course:Tutor name:“HEALTHCAREFINANCEPROJECT(Part 1)1|P a g e
TABLEOFCONTENTSA.Ratio analysis.............................................................................................................................3B.Comparison of financial strengths and weaknesses of hospital.................................................5C.Overview of the financial Health of the hospital.......................................................................6D.Explanation of Financial analysis..............................................................................................7E.Two strategies for improving the hospital financial position....................................................8Reference List....................................................................................................................................92|P a g e
A.RATIOANALYSIS1.Liquidity Ratio: This includes current ratio, quick ratio and cash ratio for the year ended2017 of Harris Memorial Hospital.So, Current Ratio for the year 2017= Current Asset / Current Liabilities= 194235/ 103522 = 1.876Current Ratio for the year 2016 = Current asset /Current Liabilities= 156381/ 96897 = 1.614So, it has been seen from above result that current ratio is increasing and for that reason theasset earning is increasing for Harries Memorial Hospital from the year 2016 to 2017[ CITATION The182 \l 16393 ].Quick Ratio:This ratio can be calculated as follows:Quick ratio= (Cash and Cash Equivalents + Short Term Investments + Current / accountreceivables)/ Current LiabilitiesSo, quick ratio for the year 2017= (82815+ 0+ 70025)/103522= 1.48Quick ratio for the year 2016= (59696 + 0+ 59939)/ 96897=1.23So, from the above analysis it can be clearer that in both the year the Hospital has morethan one quick ratio and that means liquidity position is better for both the year.Cash Ratio:This ratio can be calculated as follows:Cash Ratio is defined as3|P a g e
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