Financial Statement Analysis Essay

Financial Statement Analysis Essay

https://www.nm.org/-/media/Northwestern/Resources/about-us/northwestern-medicine-fiscal-audit.pdf

Review Northwestern Memorial HealthCare’s “Consolidated Financial Report” (Years Ended August 31, 2019 and 2018), and answer the following prompts in an 1,200 word essay:

1. Discuss the importance of and need for a financial analysis within a health care organization.

2. Explain the relationship between a health care organization’s financial plan and debt policy to its strategic plan.

3. Assess the financial position of Northwestern Memorial HealthCare in 2019 as compared to 2018. Give specific examples of areas where improvement is needed or areas that should be of concern in terms of financial viability.

4. Based upon these observations, make recommendations that management should consider from a strategic standpoint (i.e., strategic budgeting methods).

Include an introduction and conclusion and be sure to cite three to five peer-reviewed scholarly sources (including the supplied financial report) to support your claims.

Prepare this assignment according to the guidelines found in the 7th APA Style Guide