The student will select a public, for-profit healthcare company and obtain the entity's financial data (current and historical). The student will review the organization's financial reports and evaluate the information contained in these reports, determine the effectiveness of the organization and provide critique or commentary on the fiscal condition of the organization.

Using the information gained throughout the class, students should be able to interpret whether or not the selected organization is solvent, break-even or in financial problems. Included in the research paper, the student should provide information, which might assist the organization or improve the organization's ability to meet its objectives.

Purpose: To enhance the student's ability to acquire an increased understanding of health care finance by conducting scholarly research and analysis of a health care business.

Content:

1. Financial analysis of the past three years financial statements, including analysis of

appropriate financial ratios.

2. Discussion of alternatives (culminating in a recommendation) for resolving or improving

identified financial (and possibly management) issues.

The for profit health company I chose is:

Houston Methodist Hospital

Based on the financial information (that I found online)....here is some information on the Houston Methodist Hospital

Liquidity ratios (title for the first 3 rows below)

I

2013 2012 Assets Current Assets 55,147 71,457 Cash and cash equivalents 1,474,265 Assets limited as to use 1,434,466 349,075 Patient accounts receivable, net 368,757 Inventory and other current assets 69,850 72,730 Total Current Assets 1,944,530 1,951,217 Assets limited as to use, net of amounts required 2,195,842 1,466,690 to meet current obligations 2,402,478 Property and equipment, net 2,435,958 Other assets 39,658 40,635 Total Assets $6,582,508 $5.894.500 Liabilities and Net Assets Current Liabilities 395,745 349,720 Accounts payable and accrued expense Estimated third-party settlements 31,499 18,856 1.393,749 Short-term bond debt 1,438,143 Total Current Liabilities 1,820,993 1,806,719 203,442 Long-term debt 148,544 Other long-term obligations, primarily related to self-insurance 58,686 62,635 Total Liabilities 2,028,223 2,072,796 Net Assets 3,628,220 Unrestricted 4,309,723 Temporarily restricted 118,823 79,815 113,669 Permanently restricted 125,739 Total Net Assets 4,554,285 3,821,704 Total Liabilities and Net Assets $6,582,508 $5,894,500