Statement of Revenue and Expenses
Consider the importance of regularly assessing revenue and expenses in a healthcare organization. This is done during the yearly budgeting process as well as throughout the year. Each year, during the budgeting process, a forecast of revenue and expenses are developed for the following year.
Using the attached file/picture, analyze Springfield Medical Centers Statement of Revenue and Expenses and write a paper using this attached paper template describing:
An assessment of Springfields Revenue and Expenses
How Springfields Revenue and Expenses have changed from 2013 to 2014
Ratios and how they are used
The financial viability of Springfield Medical Center based on your analysis