The financial performance of healthcare organizations is of interest to a number of individuals and groups, including administrators, board members, creditors, bondholders, community members, and government agencies. Chapter 11 Analyzing Financial Position presented a variety of ways to analyze the financial statements of healthcare organizations. The Balanced Scorecard, Dashboard Reporting, and ratio analysis were the three main foci.

Chapter 11 illustrates the use of financial analysis techniques through a case example: Harris Memorial Hospital and Harris Community Foundation (HCF). We may recall HCF from Appendix 9-A.

Discuss below questions in this Forum. Make sure you use your newly learned financial analysis techniques to support your opinions.

1. How should Harris negotiate better contracts with major payers and implement a modest price increase to generate additional revenue?
2. How do you think about Harris hospital costs?
3. Harris borrowed extensively to invest in its aging facility. How do you think about this investment?
4. Why most of the opportunity for profit enhancement at Harris will likely be related to both revenue and cost issues?
5. Do you plan to use dashboard approach in all financial performance analyses?