Hrm 531 Week 1 Financial Analysis Paper

303 Words1 Page

When determining whether to merge or partnership with another hospital is a beneficial choice, one will need to review financial information to make an informed decision. According to Cleverly, Cleverly, and Song in order to make effective decision it requires adequate knowledge and interpretation of financial information. Understanding the accounting processes of business decisions results in effective operational decisions (2012). Some of the financial statements that are used to make these decisions are income, itemized, balance statements, net assets, and cash flow. When analyzing financial statements some of the essential analysis ratios that are reviewed are the profitability of beds occupied and IP discharges within a cycle or operating/patient

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