Assignment

Select one of the following publically traded health care organizations: Universal Health Services (NYSE: UHS) or Health Management Associates (NYSE: HMA).

Suppose you are a newly appointed CFO of your chosen health care organization. One of your first tasks is to conduct an internal financial analysis of the organization. Conduct a brief financial analysis and review of the chosen company's financial statements for at least three consecutive years. After conducting the analysis, interpret the data contained within the statements.

Write a three to four page paper in which you:

1. Based on your review of the financial statements, suggest a key insight about the financial health of the company. Speculate on the likely reaction to the financial statements from various stakeholder groups (employee, investors, shareholders). Provide support for your rationale.

2. Identify the current industry trend that has the most significant impact on your chosen organization's financial performance. Indicate the trend's impact on the financial performance of the organization. As the CFO, suggest at least one way that you might minimize the impact of the trend on the organization.

3. As the CFO, suggest one key strategy that you might use in order to improve the financial performance of the organization. Recommend an approach to implement the suggested strategy. Provide support for your recommendation.

4. Use at least four quality academic resources. Note: Wikipedia and other Websites do not qualify as academic resources.

Your assignment must follow these formatting requirements:

• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.

• Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

• Evaluate the financial statements and the financial position of health care institutions.

• Analyze the role of important financial reporting statements - income statement, balance sheet, and statement of cash flows - and explain how they relate to one another and to the underlying sources of data.

• Use technology and information resources to research issues in health financial management.

• Write clearly and concisely about health financial management using proper writing mechanics.