Assessing Hospital Performance
INPUT DATA:
Consolidated Statements of Revenues and Expenses:
(Millions of Dollars)

Salaries and wages
Fringe benefits
Interest expense
Depreciation
Professional liability
Other
Excess of revenues over expenses
Consolidated Balance Sheets:
ASSETS
Cash and investments
Patient accts rec (net)
Inventories
Other current assets
Total current assets
Gross plant and equipment
Accumulated depreciation
Net plant and equipment
Total assets
LIABILITIES AND FUND BALANCE
Accounts payable
Accruals
Current portion of LT debt
Total current liabilities
Long-term debt
Revenue and Cost Breakdown:
Gross patient revenue
Inpatient
Outpatient
Revenue deductions
Contractual allowances
Total deductions
Inpatient operating costs
Outpatient operating costs
Total patient costs
Selected Operating Data:
Medicare discharges
Total discharges
Outpatient visits
Licensed beds
Staffed beds
Patient days
Case mix index
OUTPUT DATA:
Income from operations
Noncash expenses
Change in NWC (ex cash)
Net cash flow from operations
Fixed asset acquisitions
NET INCREASE (DECREASE) IN CASH
BEGINNING CASH/INVESTMENTS
ENDING CASH/INVESTMENTS
Financial Statement Analysis: Du Pont Analysis
+Quartile
Median
-Quartile
Total asset turnover
Equity multiplier
Check ROE (Excess/Funds)
Financial Statement Analysis: Ratios
Profitability Ratios:
Deductible ratio
Return on assets
Return on equity
Liquidity Ratios:
Current ratio
Days cash on hand
Debt Management Ratios:
Debt ratio
LT debt to equity
Times interest earned
Fixed charge coverage
Cash flow coverage
Asset Management Ratios:
Inventory turnover
Current asset turnover
Fixed asset turnover
Total asset turnover
Average payment period
Other Ratios:
Average age of plant
Profit Indicators:
Profit per discharge
Profit per visit
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