Healthcare

Analyzing Financial Position

phase 2 Individual Project

2-3 pages

Details:

Weekly tasks or assignments (Individual or Group Projects) will be due by Monday, and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.

The CEO of a 400-bed hospital has scheduled a board of directors meeting to discuss the current financial situation of the hospital and steps that need to be done to correct some current problems. The CFO needs to send each board member an explanation of the financial statements that they will be discussing. You are the Director of Finance and he has asked you to put together a memo, explaining each statement. Do the following:

Provide a copy of the most common four statements used within your hospital and what information is available in each.
Make sure you explain each main components/section of each statement.

NOTE: You can develop your own set of statements or research and pull healthcare financial statements online.

Apa format cited and referenced appropriately

Answer preview
To: Board members
From: Director of finance
Date: September 1, 2014
Subject: Statements
There are several healthcare statements which are commonly used in my hospital. These statements have been improving the performance of the organization because health care professionals have been utilizing them to solve healthcare problems. They include position statements, information statements, resolution statements, and opinion on ethics and professionalism statement (Dunham-Taylor, & Pinczuk, 2011). To understand these statements clearly, I am going to provide detailed information concerning their function relating to my hospital. The main reason for this is because they contain different information in them which creates the difference between the four……………………………
WORD COUNT:605WORDS

FORMAT:APA