HCAD 640 Health care System Analysis

A significant portion of this course (HCAD 640) is related to this project. The first deliverable associated with the project is you selecting a healthcare organization for analysis.

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Instructions:

Please submit no more than 1 page (a paragraph is fine) document that identifies a specific health care organization for analysis as part of your course project requirement.

Note: ‘for profit’ organizations will be easier to research based on data availability due to Securities and Exchange Commission (SEC) reporting requirements.

You may be familiar with the Becker’s family of online newsletters… The link shown below is from 2020 regarding hospitals and health systems. Of course, you can also do your own research on this topic, but this is a quick link to some of this information. However, additional research will be necessary as you select your organization for analysis.

https://www.beckershospitalreview.com/lists/100-of-the-largest-hospitals-and-health-systems-in-america-2020.html

I recommend using 2020 data for this project since there is a reporting lag for public organizations and most of 2021 data had not been finalized and audited. The link above contains both for-profit and not-for-profit health care organizations. Modern Healthcare also publishes lists each year for Modern Healthcare data but those often need to be purchased or viewed in a hard copy of the publication within a library.

A number of not-for-profit organizations publish their financial data on their websites and also have regulatory reporting requirements, but researching this information will be complex and time-consuming. Recommend using a for-profit organization.

2. HCAD 640 – Discussion Topic: Financial Statements

Please, in 250 words do the discussion with at least 2-3 credible references

Financial reporting is critical to the success of any organization because this is how managers and other stakeholders evaluate the sustainability and profitability of an organization. The healthcare industry accounts for nearly 20% of the US GDP as of 2018 (BEA, 2019). While there is guidance for financial reporting to the respective government agencies, there is no consistency in the development of financial reports among private healthcare organizations. Discuss the importance of consistent financial reports across all healthcare organizations. Support your statements with research and post your discussion in a few paragraphs. HCAD 640 Health care System Analysis