Using the Financial Indicators provided below, figure out the answers for the following A-H. Please provide a definition for each A-H and also relate it to the table in comparison to New York University Langone Medical Center and New York Presbyterian Hospital/Weill Cornell Medical Center as they are competitors: (includes the definition and the relation using the table below)
A.Balance Sheets And Income Statement Indicators
B.Profitability Ratios
C.Liquidity Ratios
D.Assets Management Ratios
E.Other Ratios
F.Efficiency And Operations Measures
G.Volume Indicators
H.Intensity Of Service Indicators
Indicator/Ratio New York University New York- Benchmark Langone Medical Presbyterian Center Hospital/Weill Cornell Medical Center Balance Sheets and Income Statement Indicators $1,168,754.000 $4,795,313.000 $478,016,809 $48,244,959 $5,771,119.469 $10.425,155.642 $246,672,000 $596,917,000 668 Total Fund Balances Operating Income Total Patient Revenue Contractual Allowance Percent (Discounts From Total Patient Revenue) Net Income or (Loss) Number of Beds Protability Ratios Total Prot Margin Operating Margin Return On Assets Return on Equity Working Capital Liq uidity Ratios Current Ratio Quick Ratio Days Cash On Hand Days In Accounts Receivable Assets Management Ratios - Average Payment Period (Days) 0 Total Asset Turnover 55.8 days 0 N YU LANGONE MEDICAL CENTER FIMNCML H5411 THINESS 3 of 5 Other Ratios 0 Average Age of Plant 10.6 years a Hospital Consumer Assessment of Healthcare Providers and Systems (HCAHPS) o The survey asked patients whether they would recommend the hospital to their friends and family (Definitely Recommend) - Contractual Allowance Amount from Total Patient Revenue 0 Personnel Expense As A Percentage Of Total Operating Revenue Efciency And Operations Measures Average Payment Top 20 DRGs verage Cost top 20 DRGs Average List Price Per Top 20 DRGs Medicare Inpatient Days Medicaid Inpatient Days Other Inpatient Days FTEs Per Occupied Bed Spending per Hospital Patient with Medicare (displayed in ratio $26,431 $86,413 181,143 '1:- 404,769 0.95 state average 0.98 national average Volume Indicators 0 Average Daily Census 0 Average Length Of Stay a Medicare Length Of Stay a Medicaid Length OfStay o Other Length Of Stay 6.07 Days Intensity Of Service Indicators 0 Case Mix Index for 20 Top DRGs N YU LANGONE MEDICAL CENTER HAMNCML H541. THINESS 4 of 5 0 Revenue From Providing Medicare Services $1,536,011.171 $2,563,249,030 - Revenue From Providing Medicaid Services $624,996,989 $2,579,461,001 - Revenue From Providing Other Services 3,610,111,309 $5,282,445,61 Example of an answer: Contractual Allowance Percent {Discounts From Total Patient Revenue) Contractual allowance percent measures the percentage of total patient revenue (both inpatient and outpatient) that is lost because of allowances and discounts. It is the difference between the rates billed to a third-party payer and the amount that actually will be paid. The greater this percentage, the more the provider losses in revenue because the provider has had to accept giving discounts to managed care companies in order for the provider to be listed on the plan as a provider. It is not uncommon for different plans to pay different contractual rates for the same service. From the indicators listed above, it would appear that NYU Langone Medical Center must reduce their total patient revenue by 6% more than New York Presbyterian Hospital - 68% vs. 62%. This means for example, that NYU may be giving their managed care companies a higher discount for the healthcare services the hospital provides its members. Providers would prefer not to provide any discounts or allowances on top of their total patient revenue received. For a provider, the lower the percentage the better. N YU LANGONE MEDIGAL CENTER HM NCML H5411 THINESS 5 01'5
