33 Cut Arial Sorn & Clear FSe Paste Foematting- Table tyl. Format PainterI Edting 12310 er) 20 Current Re Quick Rale Days Cash on Hand Average Payment Pered Days Tota Asset Asset Turnever Ralo ed Asset Turnover Healthcare Financial Management and Economics Week 8 Assignment 1-Springfield Community Hospital Assignment 1: Ratio Analysis It is important to understand that when interpreting financial statenents, the numbers alone may not provide the whole financial picture of an organization. Instead, you must anayze the statements using ratios, which are then compared to benchmarks across the healthcare industry. For this Assignment, you examine the financial documents for Springfield Community Hospital and analyze the organization's financial health Springfield Community Hospital Springfield Community Hospital is a small community hospital serving a rural population. The adjusted discharges are 3.30 for the 1 year and 3.10 for the 2 Springfield Community Hospital Statement of Operations (in thousands) for the Years Ended December 31, 2016 and 2017 2016 2017 Revenues $21,000 1.000 22,000 $17.000 800 17,800 Net patient service revenue Net assets released from restriction Total operating revenues Expenses 8,000 5.000 1.900 100 15.000 12.000 8,000 2,300 200 20.500 Salaries and benefits Supplies and other expenses Depreciation General services Total operating expenses Operating income 2.800 1,500 3.500 Non-operating income Excess of revenues over expenses Increase (decrease) in net assets 5.000 5.000 $5,000 35,000 33 Cut Arial Sorn & Clear FSe Paste Foematting- Table tyl. Format PainterI Edting 12310 er) 20 Current Re Quick Rale Days Cash on Hand Average Payment Pered Days Tota Asset Asset Turnever Ralo ed Asset Turnover Healthcare Financial Management and Economics Week 8 Assignment 1-Springfield Community Hospital Assignment 1: Ratio Analysis It is important to understand that when interpreting financial statenents, the numbers alone may not provide the whole financial picture of an organization. Instead, you must anayze the statements using ratios, which are then compared to benchmarks across the healthcare industry. For this Assignment, you examine the financial documents for Springfield Community Hospital and analyze the organization's financial health Springfield Community Hospital Springfield Community Hospital is a small community hospital serving a rural population. The adjusted discharges are 3.30 for the 1 year and 3.10 for the 2 Springfield Community Hospital Statement of Operations (in thousands) for the Years Ended December 31, 2016 and 2017 2016 2017 Revenues $21,000 1.000 22,000 $17.000 800 17,800 Net patient service revenue Net assets released from restriction Total operating revenues Expenses 8,000 5.000 1.900 100 15.000 12.000 8,000 2,300 200 20.500 Salaries and benefits Supplies and other expenses Depreciation General services Total operating expenses Operating income 2.800 1,500 3.500 Non-operating income Excess of revenues over expenses Increase (decrease) in net assets 5.000 5.000 $5,000 35,000