Healthcare Financial Statement

Healthcare Financial Statement
Student
Institution
Course
Tutor
Date
Financial reports are the documents that show the financial health of a business or organization. An income statement mainly indicates how much revenue an institution has earned over a period of time. The income statements will show costs and expenses relates to the revenues. The above income statement shows how the income of a sample hospital in Louisville.
As reported in the statement, the hospital majorly relies on inpatient and outpatient revenue as the leading source of its finances. Over the period of 4 years, 2015-2019, the total patient revenue rose from $6.3M to $8.2M (Sample Report). Besides, the hospital provides contractual allowances in the form of discounts and faces subsequent expenses, which reduces its operating income.
In essence, these stats can give an overview of what influences the quality of care. These factors inc...