Select The Organization You Would Like To Analyze In Part Tw

Question

Select The Organization You Would Like To Analyze In Part Two Of The F Select the organization you would like to analyze in part two of the final project using the following resources: DBHoovers, ProPublica, or American Hospital Directory. Present your proposal to the instructor for approval to ensure that you will have access to sufficient financial information on the healthcare organization to complete the final project. In your proposal, address the following elements: What organization is the focus of your report? Analyze the organization by identifying the sub-industry or type of organization it belongs to (e.g., home care, hospital) and the financial background of the organization. Based upon the information you researched in Module Two, is the organization you selected a nonprofit or for-profit? Finally, considering the sub-industry your organization belongs to, what kind of impact do the economic principles of demand and market/consumer behavior have on this organization’s financial statements? For example, do the statements reflect a spike on revenue during the winter due to increased injuries and accidents related to ice? Support your proposal with a minimum of two cited sources. DBHoover site: ProPublica: American Hospital Directory: What to Submit Proposals should be 2–3 paragraphs, double-spaced, 12-point Times New Roman font, and one-inch margins. Your proposal must also follow APA formatting and all resources and references should be cited appropriately.

Dr. Jack HW Helper · Accepted Answer

The process of selecting an appropriate healthcare organization for analysis involves careful consideration of available financial data and relevance to the study’s objectives. For my final project, I propose to analyze a large tertiary hospital, specifically the Cleveland Clinic, given its prominence in the healthcare industry and the accessibility of publicly available financial data through resources such as the American Hospital Directory. The Cleveland Clinic operates primarily within the hospital sub-industry and is recognized as a nonprofit organization, dedicated to providing comprehensive healthcare services while reinvesting surplus revenue into hospital operations and community programs (American Hospital Directory, 2023). The organization’s financial background reveals a robust revenue stream, with detailed disclosures available that enable in-depth analysis of its financial health, including income statements, balance sheets, and operational efficiency metrics. Given its nonprofit status and hospital sub-industry classification, the Cleveland Clinic’s financial performance is subject to the influences of economic principles such as demand fluctuations and consumer behavior. Seasonal variations in patient admissions, for instance, often lead to revenue spikes during winter months due to increased incidences of injuries, illnesses, and accidents related to adverse weather conditions (Bazzoli, 2020). Moreover, the demand for elective procedures and outpatient services tends to increase during certain times of the year, impacting the hospital's revenue streams accordingly. Understanding these economic principles is crucial, as they help interpret cyclical patterns in the organization’s financial statements, allowing for more accurate forecasts and strategic planning. In conclusion, selecting the Cleveland Clinic offers a comprehensive case study of a large nonprofit hospital within the healthcare industry’s hospital sub-sector. Its financial data, accessibl

Select The Organization You Would Like To Analyze In Part Tw

Select The Organization You Would Like To Analyze In Part Two Of The F

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Select The Organization You Would Like To Analyze In Part Two Of The F

Paper For Above instruction

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