Week 3 Activity – Scenario: Financial Statement Analysis

Week 3 Activity – Scenario: Financial Statement Analysis

 

Due: Mon Jan 22, 2024 9:00amDue: Mon Jan 22, 2024 9:00am

 

Ungraded, 40 Possible Points40 Points Possible

 

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Available after Dec 31, 2023 12:00amAvailable after Dec 31, 2023 12:00am

 

Details

 

Overview

In this activity, you will examine a health care scenario to gain an appreciation for business realities that are not readily reflected in financial statements. Then you will craft and explain a likely operational question relevant to a department of your choosing.

 

Preparation

View the Villa Health Financial Statement AnalysisLinks to an external site. scenario.

Download the Villa Health Financial Statement from the scenario. A link to it can be found in the scenario.

Select an operational area of a typical hospital such as the emergency room, IT, intensive care, purchasing, et cetera, upon which to base this activity.

Scenario

Imagine you are the leader for your selected hospital operation and were sitting in the Villa Health board meeting. At the end of the meeting, the CFO asked, “Are there any other questions?” You have been considering this question with respect to your department. What financial questions should you be asking to improve the performance of the department?

 

Instructions

Considering the scenario, craft a question that represents a likely operational concern or issue for your department. Explain why the question is important to the operational success of the department, using a specific example to illustrate. Make and state any assumptions that are not directly addressed in the scenario to help you support the rationale for your question.

 

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Week 3 Activity – Scenario: Financial Statement Analysis

Week 3 Activity – Scenario: Financial Statement Analysis

Criteria Ratings Pts

Explain why a question is relevant to the operational success of a department, using a specific example to illustrate. (100%)

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40 to >36 pts

 

Exemplary

 

Explained why a question is relevant to the operational success of a department, using a specific example to illustrate.

36 to >32 pts

 

Competent

 

Explained why a question is relevant to the operational success of a department but failed to include a specific example to illustrate.

32 to >28 pts

 

Needs Improvement

 

Asked a question that is relevant to the operational success of a department.

28 to >0 pts

 

Unacceptable

 

Did not ask a question that is relevant to the operational success of a department.

/ 40 pts

 

Total Points: 0

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