Assignment: 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.).
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.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.
Resources:
Walston, S. L. (2014). Strategic healthcare management: Planning and execution. Chicago, IL: Health Administration Press.
Chapter 4, "Growth and Integration Strategies" (pp. 73-94)
Chapter 5, "Strategic Alliances" (pp. 99-114)
Chapter 9, "Strategic Financial Analysis" (pp. 201-226)
Wayland, M. S., & McDonald, W. G. (2016). Strategic analysis for healthcare: Concepts and practical applications. Chicago, IL: Health Administration Press.
Chapter 11, "Financial Statement and Ratio Analysis" (pp. 73-77)
Chapter 26, "Financial Fit Assessment and Projection" (pp. 173-176)
Agundu, P., & Imegi, J. C. (2014). Domestic debt and strategic financial management imperatives in Nigeria: Casual diagnosis. Journal of Financial Management & Analysis, 27(1), 41-53.
Note: Retrieved from Walden Library databases.
Ciobota, G., & Velea, A. (2015). The strategic positioning of the financial banking companies-Key factor for achieving competitive advantages. Knowledge Horizons, 7(1), 103-106.
Note: Retrieved from Walden Library databases.
Food and Agriculture Organization of the United Nations. (1997). Chapter 6 - Investment decisions - Capital budgeting.
Gopal, S., & Kumar, D. M. (2015). Strategic interventions in tackling poor performance of service departments: Study on Muhibbah engineering. Journal of Economics and Behavioral Studies, 7(4), 6-13.
Karadag, H. (2015). Financial management challenges in small and medium-sized enterprises: A strategic management approach. Emerging Markets Journal, 5(1), 26-40.
Note: Retrieved from Walden Library databases.
Maneval, E. (2015). Working capital management.
Zavorotniy, R. (2014). Problems of the analysis of strategic financial value-based benchmarks of the Ukrainian enterprises. Economics & Sociology, 7(1), 39-47.