For Unit 1 Homework, consider the importance of regularly assessing revenue and expenses in a healthcare organization. This is done during the yearly budgeting process as well as throughout the year. Each year, during the budgeting process, a forecast of revenue and expenses are developed for the following year.
Using Exhibit 2.2 from page 35 in your textbook, analyze Springfield’s Statement of Revenue and Expenses and write a 5-page paper using this required template with a minimum of 800 words, describing:
– An assessment of Springfield’s Revenue and Expenses
– How Springfield’s Revenue and Expenses have changed from 2013 to 2014
– Ratios and how they are used
– The financial viability of Springfield Medical Center based on your analysis
