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HS440M3-3: Analyze major financial reports used in health care organizations. G

by | Jun 22, 2022 | Healthcare | 0 comments

 

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HS440M3-3: Analyze major financial reports used in health care organizations.
GEL-6.06: Apply research to create original insights and/or solve real-world problems.
Imagine that you are the new CFO leading a conference call with hospital leaders to deal with a crisis.
and state have dealt with the COVID-19 pandemic and you need to assure the team that you have dev
deal with this or a similar crisis in the future. You will need to explain financial statement analysis, finan
use of financial information so the team understands where the financial crisis will impact the business
strong liquid assets. You should explain measures such as managing cash tightly and draw on all sour
debt, delaying payables, and discussing early payments with payers and governments. Identify immed
costs, rent, utilities, insurance, legal fees, and certain salaries to reduce operating expenses.
Instructions
In this assignment, you will record an audio conference call at least 5 minutes in length.
topics to include in the call include:
A description of the financial challenges facing the hospital in the midst of the COVID-19 (or similar
An explanation of financial statement analysis, financial reporting requirements, and use of finance
understands where the financial crisis will impact the business’s bottom line.
An explanation of measures such as managing cash tightly and draw on all sources, including tak
payables, and discussing early payments with payers and governments.
Identify immediate operational actions to reduce costs, rent, utilities, insurance, legal fees, and ce
expenses.

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