Statement of Operations and Net Asset
This assignment was completed in PBHL-H352, Health Finance and Budgeting. I created a Statement of Operations and a Statement of Net Assets for Lake Superior Hospital for the fiscal year 2024.
These same steps can be followed to embed other forms of media as well. If your artifact is a video or slide deck, upload it to ONEDRIVE or Google Drive and you can use the same steps. If you have another form, find a YouTube video or steps online on how best to add it. If all else fails, visit the ePortfolio Studio for technical help.
What I learned
I chose this assignment because it taught me how to read and build real hospital financial statements. Working through Lake Superior Hospital's revenues, expenses, and net assets helped me understand how healthcare organizations track their financial performance. This is a skill I will use in my future career in health administration.
Program Competencies
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Apply quality, strategic planning, management, organizational behavior, marketing, and human resource theories and tools to manage organizational resources, confront industry challenges and improve outcomes in health organizations.
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Apply data and health information technology to inform organizational performance and decision making.
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Utilize financial tools, principles, concepts, and practices to analyze budgets and financial documents to determine the financial performance of health services organizations.