PubMed Health⌕ Search

Biomedical subjects

W O Cleverley

Publications and source records attributed to W O Cleverley.

At least 37 records · Page 2Linked to original sources
PubMed1990

Profitability: comparing hospital results with other industries.

Changes in healthcare economics now permit more meaningful financial comparisons between hospitals and other industries. A study focusing on return on equity and other financial ratios highlighted critical changes needed to improve the fiscal health of hospitals. These suggestions include increasing net prices on existing product lines, entering new markets, using short-term debt to relieve long-term debt burdens, and expanding uses of operating leases.

Financial Audit↗
PubMed1988

Ten financial management principles for survival.

Financial insolvency is the primary cause of hospital failure. Managers may analyze a hospital's financial statements to anticipate and prevent fiscal problems. Ten measures of fiscal status may be used to evaluate the following: operating profitability nonoperating income equity growth liquidity debt capacity age of facilities revenue generation replacement funds receivables survivability Based on data from the Financial Analysis Service, Catholic hospitals are doing better than other U.S. hospitals in some areas of financial preparedness. In most areas, however, all hospitals suffer by comparison with manufacturers. The 10 principles of solvent and successful operations can help hospitals improve financial resiliency.

Accounts Payable and Receivable↗
PubMed1988

Is a leveraged ESOP (employee stock ownership plan) a possibility for the voluntary hospital?

One of the biggest news stories to hit the health care industry last year was the leveraged Employee Stock Ownership Plan (ESOP) sale of 104 Hospital Corporation of America (HCA) hospitals to a newly formed company, Health Trust, Inc. (HTI). Much skepticism regarding the benefits of this transaction was raised. To many individuals, HCA was the primary, if not exclusive, beneficiary. The management and employees of HTI were viewed by many as being "left out to dry." These initial opinions were almost always based on a total ignorance of the substantial benefits--primarily but not exclusively tax benefits--that are available in an ESOP transaction. My awareness of these benefits comes through my limited involvement as a consultant to the agent bank in the HCA-HTI transaction. This article will acquaint health care executives with the basic features and benefits of an ESOP alternative. EOPSs are a viable alternative for both voluntary and investor-owned health care firms.

Employee Incentive Plans↗
PubMed1988

Strategic operating indicators point to equity growth.

As healthcare managers become more business-like in their behavior, they are becoming increasingly concerned with the equity growth rate of their organizations. Strong equity growth means a financially healthy organization. Equity growth can be expressed as a product of five financial ratios--the most important ratio being the operating margin. Improvements in operating margins will lead to improvements in equity growth. Thirty indicators, called strategic operating indicators, have been developed to monitor operating margins. These indicators, when compared with values from other peer groups, can help point to strategies for improvement of operating margins, and hence equity growth.

Costs and Cost Analysis↗
PubMed1987

Product costing for health care firms.

Product costing is an important management function for today's health care executive. A standard costing approach may be used based on two sets of standards: a standard cost profile and a standard treatment protocol.

Accounting↗
PubMed1987

Promotion and pricing in competitive markets.

This paper provides a conceptual framework for health care managers to evaluate the relative desirability of competitive pricing or promotional policies. Competitive pricing or promotional decisions are defined as a function of two factors: the relative financial strength of the competitor and the potential marginal profit of the competitive action. Methods for measuring and assessing financial strength and marginal profit are described. As competition in the health care industry increases, the concepts and measures described should become very useful.

Economic Competition↗
PubMed1987

Strategic financial planning: a balance sheet perspective.

This paper presents an easily comprehended approach to the strategic financial planning process. It utilizes a balance sheet approach that focuses attention on three key business policy decisions: asset growth rates, debt policy, and equity growth policy. Because the approach taken here does not get involved with the numerous assumptions and projections involved in a typical funds flow approach to financial planning, it is easier to understand and use by both boards and top management. A financial plan is defined as a bridge between two balance sheets.

Accounting↗
PubMed1986

Assessing present and future capital expense levels under PPS.

The expected shift in the method of payment for capital costs will affect the way decisions are made by hospital executives. The capital expense ratio model is one way executives can better assess their present and future capital expense levels as payments begin to be made under a prospective payment system.

Capital Expenditures↗