Please read the attached file.
Discussion Board
please read each post and answer them with a full paragraph please use 1 reference for each question. For example, you can use this as reference: Nowicki, M. (2017). Introduction to the financial management of Healthcare Organizations. (8th ed.). Health Administration Press.
1-Wei’s post
Financial performance indicators are the metrics organizations use to track, measure and analyze the financial well being of the company. As we have learned from our textbook, ratio analysis is a quantitative method of determining an organization's financial performance by computing the relationships of import line items in the financial statements. Ratios are useful because they come from facts located on financial statements and they help organizations compare between two or more financial relationships, such as income to assets or assets to liabilities, and it can predict future earnings and the ability to service debt. Financial statement analysis concentrate on four classifications of ratios, liquidity, profitability, activity efficiency, and capital structure.
Generally accepted accounting principles (GAAP) requires performance measures such as net income for not-for-profit organizations and earning per share for for-profit organizations. Many healthcare organizations also include a non-GAAP performance measures in financial reports to financial stakeholders. Average length of stay and occupancy rate are typically used for these measures. These performance indicators measure the organizational performance in relation to operations.
Reference
Nowicki, M. (2017). Introduction to the financial management of Healthcare Organizations. (8th ed.). Health Administration Press.
2-Heather’s post
Hello Everyone,
There are there financial analyzes that are very important for performance. One would be establishing the facts regarding the organization. The second would be comparing the facts over time and also the surrounding competitors. The third would be using the data retrieved and determine the perspective and judgments to make decisions on the organization.
The performance indicators used to analyze the financial performance for non-profit organizations and for-profit organizations. This measures the organizational performance corresponding to the operations.
The average Length of Stay (ALOS) measures the how long a patient stays in the hospital. Lower ALOS is preferred as it holds lower cost.
Ratio: Patient days/Discharge
3-Professor’s post
Thank you for your response Genesis,
You mention the use of performance indicators.
Another question:
What are the bases of legislative, judicial and the IRS challenges to tax exempt status?
John
4-April’s post
Not-for-profit organizations granted a tax-exempt status do not have to pay sales, income, or property taxes. State and local governments use the same or similar criteria established by the IRS for a corporation to be eligible for tax-exempt status. The rationale for the government granting tax-exempt status to corporations is to relieve the government of the burden of providing the services itself. Two ways healthcare organizations can receive the non-exempt position are: (1) Providing healthcare services to state residents who cannot afford the services and (2) Providing uncompensated health-promotions programs that will benefit the overall well-being of the community.
Community health fairs, assisting residents in gaining access to healthcare resources, smoking cessation programs, and offering mobile clinics are some examples of health-promotions programs that can help improve the quality of life in communities. These services can help people control their health and overcome barriers to living healthier lives. Educating and helping the community is vital to health reform efforts that can lower national healthcare expenses.
5-Madison’s post
I believe that an organization should be granted a "tax-exempt" status like Nowicki mentions if the company is not-for-profit. I think another reason certain companies should be allowed to be tax-exempt is in cases of extreme help for the community other than not-for-profit. Homeless shelters, hospitals in lower income/poverty areas and clinics that provide Narcan and safe forms of healthcare for addicts should be mostly tax-exempt. These organizations are beneficial to the community and do more good than harm. Although, this idea of tax-exemption can be taken to a new extreme and taken advantage of by large companies who make a large profit with hopes of increasing their profit margins because of not having to pay taxes. I think that in the wrong hands being tax-exempt would cause more issues than help, but overall is a good idea. On the otherhand, I think to avoid companies taking advantage of being tax-exempt, their taxes could be lowered so they are still paying something just not as high as their taxes are now.
Nowicki, M. (2021). Introduction to the Financial Management of Healthcare Organizations (8th ed.). Health Administration Press.
