Financial Management in healthcare

Boston Children’s Hospital; Boston, Massachusetts Financial Statements

The Financial standing of Boston Massachusetts has not really been consistent. Over the last two years in many parts of our finances we have dropped in some areas and increased consistently in others.

Current Assets for the last two years:

2012 1.9%

2011 2.4%

Current liabilities for the last two years:

2011 1$36,455

2012 $89,088

There was decrease in our liabilities we are working diligently to continuously reduce this number.

Trends

Net cash flow from operating expenses was the lowest in 2011. We have regained an increase in 2012 but with new studies and programs being implemented this was projected. As our hospital continues to grow and patient retention increases the numbers for operating will soon begin to decrease.

Financial Management in our hospital it very important and does come with risks. The trend with our cash used by investments was in the negative for a while and that has begun to become a bit steadier.

The negative amount shown for cash used by financing activities reflects what we have paid out in dividends to our shareholders, repurchase of common stock, and retirements.

2012 2011 2010

Financial Position

Although over the last two years both our assets and liabilities have decreased. Boston Massachusetts Children’s Hospital in still in a stable financial position to take care of the needs our patients and stakeholders. With effective leadership and new programs there will be sustainable ground for the growth of the business in the future

References johnsonandjohnson. (2012). Retrieved from Johnsonandjohnson.gcs-web.com: https://johnsonandjohnson.gcs-web.com/static-files/d541da43-2712-4041-b67e-fa8231a4cf39 www.study.com. (n.d.). Retrieved from www.Study.com: https://study.com/academy/lesson/financial-management-in-healthcare-organizations-roles-functions.html

Net Cash Flow From Operating activities

2012 Net earnings Adjustments to reconcile net earnings to cash flows from operating activities: Depreciation and amortization of property and intangibles Stock based compensation Noncontrolling interest Asset write-downs and impairments Deferred tax provision Accounts receivable allowances Changes in assets and liabilities, net of effects from acquisitions: Increase in accounts receivable Increase in inventories Increase in accounts payable and accrued liabilities Increase in other current and non-current assets (Decrease)/increase in other current and non-current liabilities Net cash flows from operating activities 10514 3666 662 339 2131 -39 92 -9 -1 2768 -2172 -2555 15396 2011 Net earnings Adjustments to reconcile net earnings to cash flows from operating activities: Depreciation and amortization of property and intangibles Stock based compensation Noncontrolling interest Asset write-downs and impairments Deferred tax provision Accounts receivable allowances Changes in assets and liabilities, net of effects from acquisitions: Increase in accounts receivable Increase in inventories Increase in accounts payable and accrued liabilities Increase in other current and non-current assets (Decrease)/increase in other current and non-current liabilities Net cash flows from operating activities 9672 3158 621 0 160 -836 32 -915 -715 493 -1785 4413 14298 2010 Net earnings Adjustments to reconcile net earnings to cash flows from operating activities: Depreciation and amortization of property and intangibles Stock based compensation Noncontrolling interest Asset write-downs and impairments Deferred tax provision Accounts receivable allowances Changes in assets and liabilities, net of effects from acquisitions: Increase in accounts receivable Increase in inventories Increase in accounts payable and accrued liabilities Increase in other current and non-current assets (Decrease)/increase in other current and non-current liabilities Net cash flows from operating activities 13334 2939 614 0 0 356 12 -207 -196 20 -574 87 16385 Net earnings Adjustments to reconcile net earnings to cash flows from operating activities: Depreciation and amortization of property and intangibles Stock based compensation Noncontrolling interest Asset write-downs and impairments Deferred tax provision Accounts receivable allowances Changes in assets and liabilities, net of effects from acquisitions: Increase in accounts receivable Increase in inventories Increase in accounts payable and accrued liabilities Increase in other current and non-current assets (Decrease)/increase in other current and non-current liabilities Net cash flows from operating activities

Net Cash used by investments

1 #REF! 1 #REF! 1 #REF!

Net cash used by financing activities $(83.00) - - $2,720.00 $1,246.00 $1,226.00 $(804.00) $(16.00) $(32.00) $45.00 $4,470.00 $18.00 $(6,175.00) $(11,200.00) $(6,565.00) $3,268.00 $9,729.00 $7,874.00 $(12,919.00) $(2,525.00) $(2,797.00) $(6,614.00) $(6,156.00) $(5,804.00) -20562 -4452 -4980