Evaluating the meaning of the ratio related to the financial health of the health care organization (see
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Evaluating the meaning of the ratio related to the financial health of the health care organization (see attached for financial data). Show the calculations.
Help4U HMO | |||||
Income Statement and Change in Net Assets | |||||
Year Ended June 30, 2015 | |||||
(in thousands) | |||||
Revenue: | |||||
Premiums Earned | $26,682 | ||||
Co-Insurance | 1,689 | ||||
Interest and Other Income | 242 | ||||
Total Revenue | $28,613 | ||||
Expenses: | |||||
Salaries and Benefits | $15,154 | ||||
Medical Supplies and Drugs | 7,507 | ||||
Insurance | 3,963 | ||||
Provision for Bad Debt | 19 | ||||
Depreciation | 367 | ||||
Interest | 385 | ||||
Total Expenses | $27,395 | ||||
Net Income | $1,218 | ||||
Net Assets, Beginning of Year | $900 | ||||
Net Assets, End of Year | $2,118 |
Help4U HMO Non-Financial Indicators | |||||
Number of Occupied Beds | 26350 | ||||
Total Beds | 32000 | ||||
Total Length of Stay per Discharge | 1000 | ||||
Total Discharged Patients | 250 | ||||
Total FTE's | 700 | ||||
Total Patient Days | 2500 | ||||
Payer | UOS | ||||
Medicare | 328 | ||||
Medicaid | 125 | ||||
HMO | 450 | ||||
Commerical | 800 | ||||
Uninsured | 225 |
Help4U HMO | ||||
Balance Sheet | ||||
June 30, 2015 | ||||
(in thousands) | ||||
Assets | ||||
Cash and Cash Equivalents | $2,737 | |||
Net Premiums Receivable | 821 | |||
Supplies | 387 | |||
Total Current Assets | $3,945 | |||
Net Property and Equipment | $5,924 | |||
Total Assets | $9,869 | |||
Liabilities and Net Assets | ||||
Accounts Payable Medical Services | $2,145 | |||
Accrued Expenses | $929 | |||
Notes Payable | $141 | |||
Current Portion of Long-Term Debt | $241 | |||
Total Current Liabilities | $3,456 | |||
Long-Term Debt | $4,295 | |||
Total Liabilities | $7,751 | |||
Net Assets (Equity) | $2,118 | |||
Total Liabilities and Net Assets | $9,869 |
Industry Benchmarks | |||
Total Margin | 3.80% | ||
Return on Equity | 25.50% | ||
Return on Assets | 8.00% |
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: