Healthcare Finance Project: Analysis of Hospital Financial Position

This report presents a comprehensive financial analysis of Harris Memorial Hospital, evaluating its financial health through various liquidity and solvency ratios for the years 2016 and 2017. The analysis includes calculations of current, quick, and cash ratios, highlighting the hospital's increasing liquidity position and its ability to meet short-term obligations. The report also examines the hospital's financial strengths, such as outstanding medical staff and strong growth, and weaknesses, including a lack of adequate resources and restrictions on asset usage. Furthermore, the report provides an overview of the hospital's financial health, including operating expenses, revenue generation, and the impact of healthcare services. It then explains the financial analysis, focusing on long-term debt, revenue bonds, and interest rate swap agreements. Finally, the report proposes two strategies for improving the hospital's financial position: implementing an orphanage home with medical support and establishing cancer and AIDS recovery research programs to increase financial revenues through collaborations with organizations like WHO and UNICEF.