11/28/23, 5:07 PM SLP – BHA427 Health Care Finance (2023DEC04FT-1)

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Module 1 – SLP

INTRODUCTION TO HEALTHCARE FINANCIAL MANAGEMENT AND BASIC
ACCOUNTING CONCEPTS

This Module’s SLP is intended to allow you to apply what you have learned in the background readings regarding
performing an analysis of a healthcare organization’s basic financial statement of operations. After completing each
part of the background readings, search online for a healthcare organization’s statement of operations (at least two
years of data; the organization can be inpatient or outpatient, either real or fictitious). Examine each of the columns
and the totals in the statement of operations, using each of the topics introduced in Chapter 3 of the required
background reading by Dr. Nowicki (2018), then answer the following:

1. How is your chosen organization doing in terms of its overall financial health? This should be measured or
expressed by creating a balance sheet that includes assets, liabilities, equity, an income statement, and cash flow
settlement.

2. What is your assessment of the organization’s revenues, expenses, operating income, nonoperating income, etc.?
Create a graph to reflect all revenue streams, expenditures, operating and nonoperating income, and reflect the
trend (comparison) from one year to the next.

3. According to the data that you analyzed in number 2, what changes do you foresee that may impact the revenue
cycle? Discuss if there was an increase or decrease in any of the areas mentioned and what factors could influence
the rise or fall of these numbers.

4. Summarize your recommendations for the next fiscal year in accordance with your findings in number 3. Discuss
how the economic market can affect the healthcare financial environment. Do you believe the healthcare revenue
models the rise and fall of the larger economy?

Balance sheets (2019). ClickView Pty Limited. [Video] Retrieved from Trident University Library.

Stobierski, T. (2019). How to prepare a balance sheet: 5 steps for beginners https://online.hbs.edu/blog/post/how-to-
prepare-a-balance-sheet

Listen

11/28/23, 5:07 PM SLP – BHA427 Health Care Finance (2023DEC04FT-1)

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Makrelov, K., Arndt, C., Davies, R., & Harris, L. (2020) Balance sheet changes and the impact of financial sector risk-
taking on fiscal multipliers. Economic Modeling, 87, 322-343. Retrieved from the Trident Online Library

SLP Assignment Expectations

1. Conduct additional research to gather sufficient information to support your analysis.

2. Provide a response of 3-5 pages, not including title page and references. Include a copy of the organization’s
statement of operations as an Appendix at the end of your assignment.

3. As we have multiple required items to be addressed herein, please use subheadings to show where you are
responding to each required item and to ensure that none are omitted.

4. Support your responses with peer-reviewed articles, with 2 to 3 references. Use the following sources for additional
information on how to recognize peer-reviewed journals:

How to Recognize Peer-Reviewed (Refereed) Journals
http://www.angelo.edu/services/library/handouts/peerrev.php.

Evaluating Internet Resources
https://www.library.georgetown.edu/tutorials/research-guides/evaluating-internet-content

5. You may use Purdue Owl to assist in formatting your assignment:
https://owl.english.purdue.edu/owl/resource/560/01/.