Week 8 Assignment1 Louisville Community Hospital

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Healthcare Financial Management and Economics

Assignment1: 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 Louisville Community Hospital and analyze the organization’s financial health.

Louisville Community Hospital

Louisville Community Hospital is a small community hospital serving a rural population.

Louisville Community Hospital
Statement of Operations (in thousands) for the Years Ended December 31, 2016 and 2017
	2016		2017
Revenues
Net patient service revenue	$23,000		$19,000
Net assets released from restriction	1,000		800
Total operating revenues	24,000		19,800
Expenses
Salaries and benefits	13,000		9,000
Supplies and other expenses	7,000		6,000
Depreciation	2,500		2,000
General services	200		100
Total operating expenses	22,700		17,100
Operating income	1,300		2,700
Non-operating income	4,000		2,500
Excess of revenues over expenses	5,300		5,200
Increase (decrease) in net assets	$5,300		$5,200