Asses the Financial Status of the Hospital, Term Paper

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asses the financial status of the hospital, I've used the indicators frequently mentioned in the health-care literature and my conclusion is that the current management did a good job.

The operating margin [(Total operating revenue - operating expenses)/Total operating revenue)] increased from a negative 36.1% to 4.24% in 1993, indicating a constant progress. The gross margin also had an excellent evolution, from -30.24% in 1990 to 4.81% in 1993.

The return on equity ratio is probably the most impressive indicator, considering the relation to the difference between its value in 1993 and the one in 1990. It went from -69.62% to a staggering 14.88% in only 3 years.

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The values recorded in 1993 exceed even the national averages, which is great for a hospital with important financial problems just a few years before.

As far as liquidity is concerned, the current ratio is the most frequently used indicator. Its value rose steadily from 1.31 to 1.68, which shows a progress. The acid and quick ratios are not very relevant, but they have also registered minor improvements. The values are still behind the national averages, but the difference is not that great and in a few years time the situation should improve.

The total asset turnover is considered the most important efficiency (activity) indicator......

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