Business Finance Homework Help

With hospitals facing financial struggle, they must determine ways to cut costs without compromising quality care. This articles states “Strong financial performance is associated with improved patient reported experience of care, the strongest component distinguishing quality and safety” (Akinleye, McNutt, Lazariu, & McLaughlin, 2019, para. 1).  For this week’s discussion, please review this article:

Akinleye, D. D., McNutt, L.-A., Lazariu, V., & McLaughlin, C. C. (2019). Correlation between hospital finances and quality and safety of patient care. PLoS ONE, 14(8), 1–19.

Respond to the following:

• Briefly summarize the article.
• Describe and discuss two pressures hospitals struggle with and how this impacts them financially?
• What hospital financial measures/indicators were used within the article to determine results? Describe three of them in-depth and how they helped in defining results (e.g. operating profit or loss, net profit margin, return on total assets, cash flow margin, working capital, current ratio, days cash on hand, net asset position, equity financing, fixed asset financing, debt coverage, total debt ratio, long term debt ratio, salary ratio, total asset turnover, or average operating margin and average total margin).