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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
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 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 1St 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 Net patient service revenue $21,000 $17,000 Net assets released from restriction 1,000 800 Total operating revenues 22,000 17,800
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