Health Care Finance (Module 1-CBT) Research Paper

Health Care Finance (Module 1-CBT) - Research Paper Example The industry average for health care industry is a current ratio of 2:1. Days in accounts receivables show how many days it will take for OHC to collect its outstanding receivables. As shown from above, OHC took 32.91 days (on average) to collect its receivables in 2007; and this situation has worsened in 2008 where the company took 55.22 days to collect the outstanding amounts. These high values show that there may be a problem in revenue collection process and the company needs to address the issue quickly to ensure that receivables are collected in quick time. The analysis of liquidity ratios shows that the company is fairly liquid. It is able to meet its short term obligations. However, the days in accounts receivable has worsened than 2007 and some action may be required to reduce the number of days to collect outstanding funds. The operating margin ratio was 76.5% in 2007 which shows that the cost of services provided by OHC is small as compared to the revenue generated (that is, for every $1 revenue, the company incurs an operating cost of $0.235. This shows healthy performance. The operating margin ratio has improved in 2008 (as it increases to 78.5%). This shows that the operating cost has gone further down as compared to 2007. As shown from above, OHC was fairly profitable in 2007 and the gross profit margin has increased in 2008. Although, it may be argued that healthcare organization should not have very high profit margins as this indicates that they are charging high fee from patients. c. Return on Assets (ROA) The ROA for OHC is calculated as below: Return on Assets for OHC Medical Center Year Net Income / Total Assets = ROA 2007 $37,370,000 / $44,450,000 = 84.07% 2008 $34,177,000 / $49,370,000 = 69.23% Although the company has been profitable during 2007 and 2008; but the above table shows that OHC has not been able to effectively utilize its assets towards generation of profits. The Return on Assets was 84% in 2007 which was satisfactory but it declined sharply in 2008 to 69%. This may not be acceptable to shareholders as this indicate

Predicting our future Essay Example | Topics and Well Written Essays - 1250 words

Predicting our future - Essay Example She further explains that we never know what our future has in store for us. Didion goes on to say what is surprising is that sometimes we seldom remember the details of the event which changes our life in a minute or we remember the incident quite vividly as it happened just yesterday. Joan Didion lost her husband suddenly on the evening of December 30, 2003 when he had a heart attack. Her daughter was also admitted in a hospital because her pneumonia had worsened. The couple had returned from the hospital and she was getting the dinner ready. The author writes each and every detail systematically as if the event has been imprinted on her mind. For instance, she says, â€Å"We had come home. We had discussed whether to go out for dinner or eat in. I said I would build a fire, we could eat in. I built the fire, I started dinner, I asked John if he wanted a drink.† This implies the fact that the incident had left such an impact on her that she even remembered minute details of that day. She writes that everything was ordinary as they had been following this routine for the last twenty four years of their life. But in the next instant, she explains â€Å"John was talking, and then he wasn’t†. ... t comes in â€Å"waves, paroxysms, sudden apprehensions that weaken the knees and blind the eyes and obliterate the dailiness of life.† The author wrote that she could not accept the fact that everything had happened so fast. Though she used to interview people who had been in accidents and traumatic events, she could not somehow, make up her mind that her husband had really died. When she woke up in the morning after her husband’s death, she thought that she had fought with him and that is why he was not in the bed. But seconds later, her mind triggered the events and then everything came back rushing to her mind. She compares the grief of her husband’s death to her parent’s death. She says that when her mother died, she was regretful that she had not spent more time with them. But in a way she had been expecting their death in the near future because they both had been in their late 90s. But what she felt in her husband’s case was more painful and more overwhelming. She says this was because it was a sudden death and she was not expecting that this would about to happen. â€Å"One moment he had been there-and the next he was gone†. This suddenness added to her grief and she could not come to terms with it. She had not been expecting everything to change so fast. He was her life partner, her soul mate, and her friend and so she says it was not easy to let go of everything. For a year almost she kept on imagining him everywhere and everything around used to remind her of him. She says grief is nothing that can be imagined. One only knows of it once he has experienced it. It is clear that people one loves will eventually die. However, nobody envisions how life would be without them. Even if someone does think of that, it is not what actually happens. If one thinks