The problems below are based on the following simplified financial statements for Mercy Health Services:

Discuss the issues in health information technology advances that will impact Healing Hands Hospital in the future with possible consolidation/expansion and the impact on quality of care and reimbursement for provided services.
November 8, 2019
Outline a plan for investigating workplace injuries, and formulate a policy that explains the process for filing a worker’s compensation claim within the selected organization.
November 8, 2019

The problems below are based on the following simplified financial statements for Mercy Health Services:

Mercy Health Services
Statement of Cash Flows
For the Fiscal Years Ending June 30, 2013 and 2012

2013 2012
Cash flows from operating activities
Collections from patients and third-party payers $21,000 $16,000
Collections from other operating activities 2,000 1,400
Payments to suppliers (1,700) (800)
Interest payments (2,000) (2,000) Payments to employees (15,100) (12,500)
Net cash from operating activities $ 4,200 $ 2,100

Cash flows from investing activities
Purchase new equipment $ (3,000) $ 0 Purchase marketable securities (200) 0

Increase in sinking fund (200) (200)
Net cash from investing activities $ (3,400) $ (200)

Cash flows from financing activities
Payments of mortgage principal $ (2,000) $ (1,800)
New mortgage 1,200 0
Net cash used for financing activities $ (800) $ (1,800)

Net increase/(decrease) in cash $ 0 $ 100
Cash, beginning of year 500 400
Cash, end of year $ 500 $ 500

Mercy Health Services
Statement of Financial Position
As of June 30, 2013 and 2012

ASSETS 2013 2012
Current
Cash $500 $500
Marketable securities 400 200
Accounts receivable, net of $400
and $300 allowance for bad debts 3,000 2,000
Inventory 1,000 500
Prepaid assets 100 100
Total current assets $5,000 $3,300

Fixed
Property, plant, and equipment $43,000 $40,000
Less accumulated depreciation 17,800 16,000
Net property, plant, and equipment $25,200 $24,000
Sinking fund 1,800 1,600
Investments 300 300
Total fixed assets $27,300 $25,900

Total $32,300 $29,200

EQUITIES
Current liabilities
Wages payable $700 $500
Accounts payable 700 1,000
Notes payable 500 500
Deferred revenue 300 300
Taxes payable 100 100
Total current liabilities $ 2,300 $ 2,400

Long-term liabilities
Mortgage payable $ 4,200 $ 5,000
Bonds payable 20,000 20,000
Total long-term liabilities $24,200 $25,000

Net Assets
Unrestricted net assets $ 5,800 $ 1,800
Total net assets $ 5,800 $ 1,800
Total $32,300 $29,200

Mercy Health Services
Statement of Operations
For the Fiscal Years Ending June 30, 2013 and 2012

2013 2012
Revenues
Patient revenues $22,000 $17,000
Other operating revenues 2,000 1,400
Total revenues 24,000 $18,400

Expenses
Wages for clinical services $11,000 $9,000
Patient care supplies and food 600 400
Housekeeping services 800 500
Operation and maintenance of plant 1,200 1,000
Administrative services 2,200 2,000
Depreciation and amortization 1,800 1,200
Bad debt expense 400 300
Interest 2,000 2,000
Total expenses 20,000 $16,400

Increase in unrestricted net assets $ 4,000 $ 2,000

1. Using these simplified financial statements for Mercy Health Services, complete the following ratios for both 2012 and 2013:
a. Common size cash
b. Common size current liabilities
c. Common size wages for clinical services
d. Current ratio
e. Debt service coverage


 

PLACE THIS ORDER OR A SIMILAR ORDER WITH NURSING HOMEWORK HELP TODAY AND GET AN AMAZING DISCOUNT

get-your-custom-paper


The post The problems below are based on the following simplified financial statements for Mercy Health Services: appeared first on Nursing Homework Help.

 

"Is this question part of your assignment? We Can Help!"

WhatsApp chat