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1. This week, we learned about the balanced scorecard and dashboard reporting, performance measurement, sources of revenues for different types of healthcare organizations, and financial

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1. This week, we learned about the balanced scorecard and dashboard reporting, performance measurement, sources of revenues for different types of healthcare organizations, and financial and strategic planning initiatives. For your Unit 3 Complete assignment, write a narrative essay (minimum 1,200 words) in which you first discuss the use of the income statement, in general, for decision-making. Then, calculate the net operating income and operating margin for this year and last year using the table information below and discuss what these figures mean for the company (i.e. what 'story' do they tell the reader). Use at least three scholarly sources and remember to demonstrate a thorough understanding of the READ and ATTEND sections in your essay. Cite your sources using APA format. Table 3 INCOME STATEMENT (in Thousands) This year Last year OPERATING REVENUES Gross Patient Service Revenue $258,125 $263,469 Free Care 5,800 6,024 Contractuals 69,320 67,985 Net Patient Service Revenue 183,005 189,460 Other Operating Revenue 14,600 14,843 Total Operating Revenue $197,605 $204,303 OPERATING EXPENSES Depreciation 13,152 13,805 Interest 3,222 5,026 Bad Debt 5,163 6,866 Other Operating Expenses 168,585 173,634 Total Operating Expenses $190,122 $199,331

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