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Discussion: Operating and Financial Performance Indicators Health care leaders depend on sound operating and financial performance indicators to make decisions regarding working capital management,...

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Discussion: Operating and Financial Performance Indicators

Health care leaders depend on sound operating and financial performance indicators to make decisions regarding working capital management, capital budgeting, and resource allocation. These indicators help organizations maximize performance and strategically plan for new initiatives. For this Discussion, you select a health care organization and examine how its leaders and managers use operating and financial performance indicators in their decision making.

To prepare:

  • Select a health care organization and locate its operating (i.e., utilization rate) and financial data. You may want to use a not-for-profit health care system, as they usually post their annual reports online.
  • Identify one operating indicator (e.g., length of stay, admission, etc.) and two financial performance indicators (e.g., cash and cash equivalents, accounts receivable, accounts payable, short-term loans, etc.).

Note: For this Discussion, you are required to complete your initial post before you will be able to view and respond to your colleagues’ postings. Begin by clicking on the “Post to Discussion Question” link and then select “Create Thread” to complete your initial post. Remember, once you click submit, you cannot delete or edit your own posts and cannot post anonymously. Please check your post carefully before clicking Submit!

By Day 3

Post a cohesive response to the following:

Identify the health care organization you selected, and describe one operating indicator and two financial performance indicators of the organization. Analyze how leaders and managers use these indicators when making decisions about working capital management, capital budgeting, and resource allocation. Support your response by identifying and explaining key points and/or examples presented in the Learning Resources.

Answered Same Day Apr 08, 2021

Solution

Malvika answered on Apr 09 2021
141 Votes
Running Head: Operational and Performance Indicators of Bethesda Hospital
Healthcare Organisation
The healthcare organization selected for this study is Bethesda Hospital that is located in St. Paul, Minnesota, United States. This hospital is not-for-profit organization that is accredited by JCI and CARF and is a member of Health East Care System. This hospital is one of the only two hospitals in Minnesota hat provide long term acute care i.e. care to patients who have suffered life-changing illness or injury.
Operating Indicato
Operating indicator – According to Bethesda Hospital Foundation Annual Giving 2017-2018 (2018), average length of stay at Bethesda is 4.0 according to the annual report of 2018 which can be considered very well managed.
Financial Indicato
Financial...
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