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Open Question: Finance Homework help, please!!?
Final Project: Financial Presentation
Due Date: Day 7 [Individual forum]
Create a 15- to 17-slide Microsoft® PowerPoint® presentation detailing the hospital’s current status and comparing this year’s statements with the previous year’s statements.
Include the following:
•Ratio analysis from the 2005 and 2006 financial statements
oCurrent ratio
oInventory turnover
oTotal asset
•A comparison of the 2005 and 2006 ratios
•Valuation of the hospital’s worth for 2005 and 2006
oRules of thumb
oAdjusted book value
oDiscounted cash flow
•A comparison of the 2005 and 2006 valuations
•The revenue variance from the 2005 and 2006 budgets
•A comparison of the variances from 2005 and 2006
•A summary of findings regarding the overall health and current status of the hospital with recommendations for next year’s budget
oprovide detailed speaker notes
oCite three outside sources and list them on separate slide
Arcadia Hospital
Income Statement
YTD Dec 31, 2005
(Dollars in Millions)
Operating Revenues2005% of revBudget
Patient revenues500 550
less:Allowance for doubtful accounts13 14 less:
equalsNet patient revenues488 536 equals
Other Income:
Investments75 60
Misc5 0
Total Operating Revenue568 100.00%596
Operating expenses:
Wages200 35.24%180
Taxes & Benefits75 13.22%70
Temporary/Contract Labor5 0.88%0
Medical/surgical supplies25 4.41%30
Other misc supplies5 0.88%5
Dues/subscriptions3 0.53%3
Transcription expense10 1.76%15
Leases & rentals50 8.81%45
Malpractice Insurance75 13.22%70
Other Insurance30 5.29%32
Professional Fees20 3.52%20
Utilities15 2.64%10
Maintenance & Repairs15 2.64%10
Depreciation/Amortization7 1.23%7
Interest Expense1 0.18%1
Total Operating Expenses536 94.45%498
Net Income32 5.55%98
Arcadia Hospital
Income Statement
YTD Dec 31, 2006
(Dollars in Millions)
Operating Revenues2006% of revBudgetOver/(Under)
Patient revenues600 650
less:Allowance for doubtful accounts10 20
equalsNet patient revenues590 630
Other Income:
Investments80 70
Misc2 0
Total Operating Revenue672 100.00%700
Operating expenses:
Wages250 37.20%240
Taxes & Benefits100 14.88%80
Temporary/Contract Labor8 1.19%5
Medical/surgical supplies30 4.46%35
Other misc supplies4 0.60%5
Dues/subscriptions3 0.45%3
Transcription expense15 2.23%20
Leases & rentals40 5.95%50
Malpractice Insurance75 11.16%70
Other Insurance40 5.95%40
Professional Fees10 1.49%20
Utilities20 2.98%15
Maintenance & Repairs10 1.49%12
Depreciation/Amortization10 1.49%10
Interest Expense2 0.30%2
Total Operating Expenses617 91.82%607
Net Income55 8.18%93
Balance Sheet
as of 12/31/2006
(Dollars in Millions)
ASSETS2005% of total2006% of total
Current Assets
Cash & Cash equivalents100 0.56%(345)-1.91%
ST Investments200 1.12%200 1.11%
Patient accounts receivable3800 21.23%3500 19.39%
Other misc receivables350 1.96%350 1.94%
Inventory800 4.47%800 4.43%
Prepaids1650 9.22%1650 9.14%
subtotal Current Assets6900 38.55%6155 34.09%
Property, Plant, & Equipment (PPE)
Property Plant & Equipment13000 72.63%14000 77.54%
less: Accumulated depreciation/amortization2000 11.17%2100 11.63%
Net PPE11000 61.45%11900 65.91%
TOTAL ASSETS17900 100.00%18055 100.00%
LIABILITIES & EQUITY
Current Liabilities
Accounts Payable1100 6.15%1200 6.65%
Accrued payroll taxes & wages600 3.35%600 3.32%
Other misc accrued liabilities1500 8.38%1600 8.86%
Total current liabilities3200 17.88%3400 18.83%
LT Liabilities
Note payable – mortgage6000 33.52%6000 33.23%
Bonds payable800 4.47%700 3.88%
TOTAL LIABILITIES10000 55.87%10100 55.94%
EQUITY
Retained Earnings7900 44.13%7955 44.06%
Total equity7900 44.13%7955 44.06%
TOTAL LIABILITIES & EQUITY17900 100.00%18055 100.00%
Arcadia Hospital
Statement of Cash Flows-Indirect Method
YE December 31, 2006
(Dollars in Millions)
$%
Net Income from Operations55 -12.36%
Add: Deprec / Amort100 -22.47%
Equals Adjusted Net Income155 -34.83%
Plus Other Operating Sources/(Uses) of Cash:
Short Term Investments0 0.00%
Accounts Receivable300
Resolved Question: Which one of these eight myths about healthcare reform bothers you the most?
Myth 1: Your health care will be rationed when the bill becomes law.
Fact: Your health care already is being rationed by the health insurance companies every day.
Myth 2: The health care bill provides for “euthanasia” or death panels.
Fact: At no time in the process were death panels or “euthanasia” mandated by the House or the Senate.
Myth 3: Health care reform will raise your taxes.
Fact: Most people will not see a tax increase.
Myth 4: Health care reform will create nationalized heath care.
Fact: The idea of a single-payer system like we see in Canada or the U.K. was rejected by both the Administration and Congress early in the debate about health care reform.
Myth 5: Health care reform will be the start of socialized medicine.
Fact: At no time in the discussion did anyone suggest a system of socialized medicine as can be found in countries like Russia or China.
Myth 6: The government can’t run a health program.
Fact: The Commonwealth Fund concluded in a May 2009 survey: “elderly Medicare beneficiaries reported greater overall satisfaction with their health coverage, better access to care, and fewer problems paying medical bills than people covered by employer-sponsored plans.”
Myth 7: You won’t have any choices under health care reform.
Fact: While your choices won’t be limitless, you will have more comprehensive coverage than you do now if you are under an individual plan.
Myth 8: Doctors wages will be set by the government.
Fact: Your doctors will still be in private practice and they will determine their own wages.
Plus 2 more myths here: http://www.walletpop.com/blog/2010/03/26/top-ten-health-care-reform-myths/
Resolved Question: What is the minimum automobile bodily injury liability coverage victims can claim in TN?
I am the victim in a collision and the driver at fault has insurance. In TN, all auto insurance policy holders have a minimum bodily injury coverage of claims up to $25,000 per individual and $50,000 per accident. My medical bills are getting very high, so my question is: Can I claim up to the $50,000 limit because I was the only victim, or is my limit $25,000?
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- Create a 15- to 17-slide Microsoft® PowerPoint® presentation detailing the hospital’s current status and comparing this year’s statements with the previous year’s statements
- • Create a 15- to 17-slide Microsoft® PowerPoint® presentation detailing the hospital’s current status and comparing this year’s statements with the previous year’s statements
- A comparison of the 2005 and 2006 ratios
- arcadia hospital powerpoint presentation
- Compute the worth of Arcadia Hospital in 2005 using rules of thumb adjusted book value and discounted cash flow valuation (for this final method use the table provided) Assume the cash flow for 2005 is the same as 2006
- 15- to 17-slide Microsoft® PowerPoint® presentation detailing the hospital’s current status and comparing this year’s statements with the previous year’s statements
- compute the worth of Arcadia Hospital in 2005
- arcadia hospital powerpoint
- Determine the revenue variance from Arcadia Hospital’s 2005 budget
- A summary of your findings regarding the overall health and current status of the hospital with recommendations for next year’s budget
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