Lake Community Hospital Appendix: Financial Ratios
Ratio Group Project
PBLH-H401: Strategic Planning in Health Organizations
This is a financial ratio analysis for Lake Community Hospital.
What I learned
This project was completely new to me. I had never looked at hospital financial statements before this class, and learning all the ratios was confusing at first. But once it clicked, I realized how useful this skill is. This project shows that I can look at numbers and tell if a hospital is in good shape or heading for trouble.
Program Competencies
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Demonstrate effective written communication and oral communication skills.
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Collaborate in teams utilizing interpersonal skills, recognizing and demonstrating sensitivity to different points of view.
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Demonstrate behaviors that align with ethical, legal, and professional standards.
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Develop leadership skills to ensure all team members are valued, inspired, and respected.
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Utilize financial tools, principles, concepts, and practices to analyze budgets and financial documents to determine the financial performance of health services organizations.