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Importance of balance sheet and income statement
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I. Introduction LifePoint Hospitals was founded in 1999 and has grown to be a leading hospital company with more than $3 billion in revenues and 54 hospital campuses in 18 states. They have more than 23,000 employees and nearly 3,000 physician partners striving to achieve their hospital’s mission and goals. LifePoint Hospitals, Inc., through its subsidiaries, operates general acute care hospitals in non-urban communities in the United States. The company’s hospitals provide a range of medical and surgical services comprising general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, rehabilitation services, and pediatric services, as well as specialized services, such as open-heart surgery, skilled nursing, psychiatric care, and neurosurgery. Its hospitals also offer outpatient services, including same-day surgery, laboratory, x-ray, respiratory therapy, imaging, sports medicine, and lithotripsy. The company also owns and operates a school of health professions with a nursing program and a radiologic technology program. As of December 31, 2010, it operated 52 hospital campuses with a total of approximately 5,915 licensed beds in 17 states. The company was founded in 1997 and is headquartered in Brentwood, Tennessee. Lifepoint Hospitals Inc. (NasdaqNM:LPNT) operates independently of HCA Inc. as of May 11, 1999. II. Horizontal Analysis Horizontal analysis involves comparing line items in financial statements over time, seeking to identify trends or items of interest. For Lifepoint Hospitals, the horizontal analysis will be conducted on both the balance sheet and the income statement, focusing on measures that are critical to the company’s success. Cash and cash eq... ... middle of paper ... ... liabilities accounted for 7.84% of total liabilities and shareholders’ equity in 2010. Works Cited Lifepoint Hospitals, Inc Common Stock- Yahoo finance http://finance.yahoo.com/q?s=LPNT. Retrieved February 7, 2012. Lifepoint Hospitals, Inc 2010 Annual Report. (2011). Retrieved February 7, 2012, from http://www.lifepointhospitals.com/. Lifepoint Hospitals. http://www.lifepointshospitals.com. Retrieved February 7, 2012. Lifepoint hospitals to broadcast its fourth quarter and year-end 2011 conference call live on the internet. (2012, February 03). Retrieved from http://finance.yahoo.com/news/LifePoint-Hospitals-Broadcast-bw-2176124906.html?x=0. LifePoint Hospitals to Participate in 22nd Annual UBS Global Healthcare Services Conference. (2012, January 31). Retrieved from http://finance.yahoo.com/news/LifePoint-Hospitals-bw-1699504748.html?x=0
...and his vision in successfully transforming the medical center to a tertiary care facility. However, in 2008 under Ron Henderson, the medical center expenses began to skyrocket and revenues failed to keep up. Also, a hospital census indicated that, on average, Medicare patients consisted of 58% and Medicaid patients consisted of 18% which caused the medical center to suffer from reductions in reimbursements. Although noted by solid evidence that utilization was experiencing a steep decline, Mr. Henderson added 127 new positions to the medical center. In 2009, Mr. Henderson was fired after the board of trustees realized that this financial bind of an $8.6 million deficit was caused by Mr. Henderson. In order for the new CEO, Richard Reynolds, to succeed at his new job title, he must create a benchmarking process adopting certain goals to remain a worthy competitor.
Sutter Health has 24 hospitals, 34 surgery centers and more than 5,000 physicians in its network (Sutter
The health care organization with which I am familiar and involved is Kaiser Permanente where I work as an Emergency Room Registered Nurse and later promoted to management. Kaiser Permanente was founded in 1945, is the nation’s largest not-for-profit health plan, serving 9.1 million members, with headquarters in Oakland, California. At Kaiser Permanente, physicians are responsible for medical decisions, continuously developing and refining medical practices to ensure that care is delivered in the most effective manner possible. Kaiser Permanente combines a nonprofit insurance plan with its own hospitals and clinics, is the kind of holistic health system that President Obama’s health care law encourages. It still operates in a half-dozen states from Maryland to Hawaii and is looking to expand...
According to National HealthCare Corporation (2016), the organization also generates revenue by managing seven skilled nursing facilities, three assisted living facilities, and one independent living facility owned by third-party operators. Additionally, they have a partnership agreement and a 75.1% non-controlling ownership in Caris Healthcare. Caris Healthcare specializes in hospice care and has 26 locations in four states. Further, NCH provides accounting and financial services to 20 skilled nursing facilities for small operators. Lastly, the organization operates four regional pharmacy operations. These pharmacies serve 56 owned facilities, six managed facilities, and 13 third party entities.
Henry Ford Health System is one of the nation’s leading health care providers, and is a not for profit corporation. Henry Ford Health Systems has over 23,000 employees, and is the fifth largest employer in the Metro-Detroit area, and is also one of the most diverse health systems (Henry, 2016). The official website (2016) states that Henry Ford is comprised of hospitals, medical centers, and the Henry Ford Medical Group, which includes more than 1,200 practicing physicians in over forty specialties. Henry Ford Health System (2016) proudly acts as one of Michigan’s anchor institutions. Henry Ford Hospital in Detroit, is a level one trauma center that is recognized for clinical excellence in cardiology, neurology, orthopedics, transplants, and
1. What specific items of capital should be included in the SIVMED’s WACC? Should before-tax or after-tax values be included? Should historical or new values be used? Why?
In 2010, the passage of the Patient Protection and Affordable Care Act (PPACA) initiated reforms between healthcare and healthcare providers. For example, Huntsville Hospital Health System developed as smaller healthcare providers sought refuge under Huntsville Hospital’s larger umbrella. Nine separate campuses, among the North Alabama area, constitute the Huntsville Hospital Health System
Hospital A before the merger was a for-profit hospital, relatively new facility, in east side of town. It consisted of 110 hospital beds, 8 of which were reserved for transitional care. Services provided were: general surgery and same day surgery, full-service rehabilitation department and radiology department. Other services included kidney dialysis center, on-site retail pharmacy, blood bank, women’s center e...
Over the last 5 years the healthcare system has begun to transform. This transformation includes a focus change to preventative care to the new health conscious consumers and the reduction of healthcare costs (PR Newswire, 2013). This change comes from the consumers of healthcare as well as new laws such as the Patient Protection and Affordable Care Act (PPACA). This has created a need for hospitals to enter in partnerships to create hospital systems such as Centura Health. These hospital systems are expanding the continuum of care to include everything from preventative care, emergency care, and finally end-of-life care. This creates a need to monitor competition and create ideation plans to increase likelihood the consumer will use Centura Health over the competitors.
Hospital Corporation of America (HCA). Staff Analysis Statement of Problem HCA, after following a conservative financial policy since its establishment, has entered the new decade preparing to make some changes in order to realign their financial strategy and capital structure. Since its establishment, HCA has often been used as a measure for the entire proprietary hospital industry. Is it now time for the market to realign their expectations for the industry as a whole? HCA has target goals that need to be met in order to accomplish milestones in the future.
“Named after philanthropist Johns Hopkins, the Johns Hopkins Health System (JHHS) gifts Baltimore residents with an array of health care services. The health system is an affiliate of world-renowned Johns Hopkins Medicine and oversees six hospitals: All Children’s Hospital, Johns Hopkins Hospital, Bayview Medical Center, Howard County General Hospital, Sibley Memorial Hospital, and Suburban Hospital. The not-for-profit teaching hospitals offer inpatient and outpatient health services that include general medicine, emergency/trauma care, pediatrics, maternity care, senior care, and numerous specialized areas of medicine. community health and satellite care facilities” (Hoover’s, 2015). The Johns Hopkins Medicine Marketing and Communications department is the official marketing and communications link between Johns Hopkins Medicine’s faculty, scientists, nurses and staff and external and internal stakeholders around the world.
...of life in our communities. Thank you for applying with CHS. Your application will carefully be reviewed for the position(s) you have applied for. Please continue to seek career opportunities with us by visiting our web site at www.covenanthealth.org. Your interest in Covenant Health System is appreciated.
Trinity Community Hospital community health assessment needs was obtained from input the hospital CEO and senior management obtained input from medical staff members and community leaders to develop a vision for the hospital. A five-year plan identified orthopedic, oncology and cardiology services needed to be developed in order to better serve the community needs. A five-year targeted outcome for these services was outlined along with the level of capital investment required to develop these services. Lastly, financial analysis was conducted to determine if sufficient margin will be generated for future growth. A detail analysis of orthopedic service line is included in this paper to determine the feasibility of the proposed service line.
For the past 20 years, Heritage Valley Medical Center has always been known for their outstanding
We have chosen a company called Medlife Insurance LTD. This company deals with financial services, within that with life insurance. Marketing Financial Services Presentation Introduction: We have chosen a company called Medlife Insurance LTD. This company deals with financial services, within that with life insurance. It is part of a “network” of companies that sell life insurance and to be able to give a whole picture of the company’s activities we will introduce some of it’s partner companies as well.