The purpose of this assignment is to evaluate the impact of a financial analysis on administrative decisions in a health care organization.
Review Northwestern Memorial HealthCare’s “Consolidated Financial Report” (Years Ended August 31, 2019 and 2018), and answer the following prompts in an 1,200-1,500-word essay:
- Discuss the importance of and need for a financial analysis within a health care organization.
- Explain the relationship between a health care organization’s financial plan and debt policy to its strategic plan.
- Assess the financial position of Northwestern Memorial HealthCare in 2019 as compared to 2018. Give specific examples of areas where improvement is needed or areas that should be of concern in terms of financial viability.
- Based upon these observations, make recommendations that management should consider from a strategic standpoint (i.e., strategic budgeting methods).
Include an introduction and conclusion, and be sure to cite three to five peer-reviewed scholarly sources (including the supplied financial report) to support your claims.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.please use APA 7th edition style