Four Key Changes Affecting Hca's Success

Improved Essays
The four key changes that were apparent in the HCA’s results were that revenue increased 8.5 percent to $8.434 billion, compared to $7.769 from the previous year. The revenue growth was attributed to patient volumes and patient utilization at the organizations facilities. Admissions increased 7.4 percent, a substantial percent increase from the previous year. Their cash flow from operations totaled $1.263 billion compared to $1,387 billion the year before. The facility emergency room visits increased 12.5 percent in 2012 from 2011. The facility equivalent admissions increased 3.0 percent. The facility revenue per admission increased 0.5 percent. Furthermore, revenues from the year ending December 31, 2012 totaled $33.013 billion compared to $29,682 billion in 2011. The reason …show more content…
Furthermore, although the revenue pool generated by the HCA is much more substantial than that of the HMA, the HMA’s vision and their organizational systems appear to be more appealing, as well as their strategy of investing in and acquiring equity in hospitals that are already successful. Moreover, by investing in their leadership, quality care and new technology, as well as taking advantage of the changing Medicare and Medicaid reimbursements, incentives and benefits from the Affordable Care Act, this would be my personal choice for employment. Ultimately, the HCA will gain a larger amount of net revenue in the 2013 calendar year, due to their sheer size, yet, the HMA may gain a greater percentage of annual earnings for their size over a longer span of time with their incremental growth, their increased reputation and their strong standing with the Joint

Related Documents

  • Improved Essays

    Wvm Case Study

    • 496 Words
    • 2 Pages

    What is the financial impact if Reliance’s reimbursement rate for group counseling service decreases by 10% during the first quarter? • Revised revenue per unit = $30.18 – (30 x 10%) = $27.18 Variable cost per unit = $5.07 Revised contribution margin per unit = $22.11 • A decrease C. What would be the financial impact, if any, if the total quarterly revenue remains the same but the quarterly Medicaid Revenue for Case Management decreases by $48,000 (600 units of service at $80 per unit) while quarterly Medicaid Revenue for Group Counseling increases by $48,000 (1,600 units of service at $30 per unit)? Note the change in volume changes total revenues, total variable costs, and contribution margin.…

    • 496 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Jackson Memorial Case

    • 189 Words
    • 1 Pages

    According to the Public Health Thrust of Miami-Dade (2015), when comparing Jackson Memorial’s financial statements from 2014-2015, we clearly noticed some increase in revenue(Public Health Thrust of Miami-Dade, 2015, p. 18). Although Jackson’s total operating loss was increased, however, because of the non-operating revenue, a positive net income was maintained. This net increase was not only due Jackson’s non-operating revenue, but also because of new changes under the new CEO, Carlos Miyoga (Herrera, 2017, para. 10). Since the appointed of new CEO and President Carlos Miyoga, Jackson has experienced some major increase in 2015.…

    • 189 Words
    • 1 Pages
    Improved Essays
  • Improved Essays

    Mergers The closure of so many departments coupled with reduced staffing levels has led several rural hospitals to offset their financial burden through mergers with larger health systems. The acquisition of smaller hospitals by larger health networks have been a growing trend in the healthcare industry. Noles (2015) notes that, the yearly number of hospital mergers have exponentially increased since 2009 with more than 60 percent of hospitals now in a network. Harrison (2011) has linked this increased propensity of hospital mergers to declining reimbursement combined with greater capital needs.…

    • 1628 Words
    • 7 Pages
    Improved Essays
  • Improved Essays

    Hence the organization is running with a debt of $2,290,841. However, total operating revenue was 70.4 percent of the total revenue. Net patient service revenue in 2015 has increased to $693 million which is 21 percent more than 2014. This significant growth is believed to be due to increased capacity from the opening of new sky tower (“2015 uhs audit report,” 2016). Directional strategies: Directional strategies are crucial to check the status of the organizational growth.…

    • 742 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Health Policy Case Study

    • 754 Words
    • 4 Pages

    1) From the case study, provide one example of each of the forms that public policies can take: laws, rules or regulations, other implementation decisions, and judicial decisions. Law: Social Security Amendment of 1965 is a public law 89-96. It was created to aid senior citizens with health insurance (Medicare) and to provide health care to indigent population and disabled (Medicaid). Rules/Regulations:…

    • 754 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    Health care access is very important. It allows all people to get care from many different places around the world. There are many ways that access to health care impacts the people who use it. Heath care access impacts, the physical, social, and mental status of people, the prevention of disease and disability, treatment of conditions, quality of life, and life expectancy (Access of Health Services, 2016). For people to have access to quality health care it is vital that health insurance provides adequate coverage, service, workforce, and provide it in a timely manner.…

    • 1164 Words
    • 5 Pages
    Great Essays
  • Improved Essays

    Accountable care organization is described as an organized group of providers that coordinates the care for designated beneficiaries in the traditional Medicare fee for service program. Who are the members of the ACO? According to the Centers for Medicare & Medicaid Services, members of ACO are a group of doctors, hospitals, and other healthcare providers who volunteer to coordinate quality care especially to elderly. ACO focuses more on chronic conditions that involve high cost (Kongstvedt P 2016 ). The Uncontrolled cost of health care brought American health care providers and payers effort to bend the cost curve and moderate the growth of cost.…

    • 581 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    Analyze and comment on economic analyses of health administrative innovations that are germane to the provision of health services. How have these innovations become more important in health care delivery within the context of the Affordable Care Act? Throughout the health care system, it has used the expansion of healthcare insurance for accessing several strategies that are used to promote how the services are delivered which is through models, strategies, and payment structure build on the improvement of health care quality. By using the Affordable Care Act (ACA), it has given the Americans a reason to improve on chosen approaches that would eventually overcome the populations based on the reduction of healthcare cost. Develop a list of similarities and differences between cost benefit and cost effectiveness analysis as they pertain to specific health care service demands.…

    • 293 Words
    • 2 Pages
    Decent Essays
  • Decent Essays

    Affordable Care Act (ACA)

    • 287 Words
    • 2 Pages

    Although many of us, when we hear the name Affordable Care Act (ACA) we right away think about low coverage, better access, and affordability but there’s so much more to it. Physicians are now being faced with having to provide better patient safety and quality of care. Thanks to Medicare’s Hospital Value-Based Purchasing Program (VBP), the quality of care provided to patients by hospitals is now measured through the use of quality measures and the patients’ overall satisfaction of care. Since the program was implemented, the ACA has showed significant results in the healthcare industry. For example, by improving patient safety and quality of care, adverse effects have lowered significantly.…

    • 287 Words
    • 2 Pages
    Decent Essays
  • Decent Essays

    Medical Debt Reflection

    • 209 Words
    • 1 Pages

    As medical debt rises and the demand for healthcare reform increases, it has become imperative now more than ever to learn about the factors that affect the healthcare industry. The application of business to the healthcare industry enables healthcare professionals to carry a broader viewpoint on the mechanics and functioning of the healthcare industry. Rather than just using my core science classes and internships to develop my point of view and learn about the healthcare industry, through the certificate program, I aim to broaden my scope of study and learn about the systems that affect the structure and functions of healthcare. Interning at private and public practices, learning about insurance billing systems, I saw how the U.S healthcare…

    • 209 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    The Affordable Healthcare Act (ACA) was signed into law on March 23, 2010, and has since affected the practice of healthcare in the United States (U.S. Department of Health and Human Services [USDHHS], 2014). The ACA has had significant impacts on health care by requiring health care providers to be completely digital to allow for better access to patient histories and expanding coverage to those who may previously not have had access to healthcare (USDHHS, 2015). The current law is trying to improve quality and lower health care costs while providing better access to health care (USDHHS, 2014). While the law seems to be working well for patients, there are several factors that affect healthcare providers and organizations, which has caused…

    • 922 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    With everyone having health care coverage and the ability to choose where to go for health care needs, facilities will be competing to gain the trust and respect of the public to be the most often chosen health care provider. An organization that is dedicated to putting patients and their needs first, offers the most current and precise care, focuses on prevention, has strong leadership, and is cost-effective will stand out. A facility that is managing employees in a productive manner and having happy, skilled, and proficient caregivers who provide safe, quality care is a must for achieving the best clinical outcomes. Additionally, being focused, setting achievable goals, and meeting goals is crucial for health care providers to be successful. It helps keep employees engaged, focused on the mission and values of the organization, and contributes to advancing health care as a…

    • 893 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The impact of increased government involvement has required healthcare providers to alter their business practices. They must have a clear vision of the future and develop strong strategic planning methods to ensure practicability in the new healthcare marketplaces. Healthcare organizations must continually evaluate the healthcare markets, their labor costs, and present infrastructure to ensure soundness of their business plan. This also has caused hospitals, medical practices, physicians, and other healthcare businesses to merge and unite to stay viable in healthcare marketplaces.…

    • 1084 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    After bearing years of huge insufficiencies, Atlanta’s biggest safety-net hospital achieved more solid financial stability under Mr. Haupert’s leadership with Grady Memorial Hospital Corporation reporting $1.05 billion in income in 2013. This is a 2% increase from the year before. This growth can primarily be attributed to an increase in program revenue, which increased $15.3 million from 2012 to 2013.…

    • 1229 Words
    • 5 Pages
    Great Essays
  • Improved Essays

    The need to control healthcare cost remains a major goal of all stakeholders in the nation. The predicament Lake County Medical (LCM) finds itself in is typical with healthcare providers currently; declining Medicare reimbursement and an uptick in Medicare & Medicaid beneficiaries (Shi & Singh, 2015). An 11% decrease in reimbursement rate equating to $5.8 million reduction in revenue threatens LCM’s viability. The need for creativity is needed for this organization. Tactical objectives are a twofold; revenue-generating strategies and cost-cutting efforts (Herman, 2012).…

    • 788 Words
    • 4 Pages
    Improved Essays