great lake hospital financial analysising

HCA105 Financial Practices for Health Care Organizations Exhibit 1 Great Lakes Hospital Statement of Operations (Income Statement) Statement of Operations for the Years ended December 31, 2021 and 2020 Revenues 2021 % of tot Op.rev 2020 % of tot Op.rev % Change 2021-2020 Net Patient Rev Other Op. Rev Tot Op. Rev $33,500 2,600 36,100 $30,500 2,500 33,000 Expenses Salaries/Benefits Supplies & other exp. Depreciation Interest Total Op. Expenses 23,500 11,400 700 710 36,310 19,600 10,500 700 710 31,510 Operating Income (210) 1,490 Non-Operating Revenue 6,500 1,200 Excess of Rev/Expenses 6,290 2,690 HCA105 Financial Practices for Health Care Organizations Exhibit 3 List of Ratios Assumption: Great Lakes Hospital is a 60-bed facility with patient discharges of 5,500 for 2021 and 6,500 for 2020 Assumption: The debt principal payments for both years are $1,300 Ratio 2018 2017 Benchmark 1) Current ratio 2.18 2) Quick ratio 1.65 3) Acid test 0.35 4) Days in account receivable 47 5) Average payment period 45 6) Operating revenue per discharge $7,086 7) Operating expense per discharge $6,494 8) Salary & benefit expense 40% 9) Operating margin 0.02 10) Non-Operating Revenue 0.05 11) Fixed Asset Turnover 2.17 12) Age of Plant 10.41 0.18 13) Long term debt to net assets 14) Times Interest Earned 3.47 15) Debt Service Coverage Ratio 3.51