Examine the industry average ratios below for managed care and nursing home industries.
Examine the industry average ratios below for managed care and nursing home industries. In your…
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Examine the industry average ratios below for managed care and nursing home industries. In your initial post, explain why the ratios would vary between the two different industries. Incorporate analysis of at least one ratio to support your answer.
| Ratio | Managed Care | Nursing Homes | ||
| Total margin | 3.8% | 3.5% | ||
| Return on assets | 8.0% | 5.2% | ||
| Return on equity | 25.5% | 13.1% | ||
| Current ratio | 1.3 | 2 | ||
| Days cash on hand | 41 days | 22 days | ||
| Average collection period | 7 days | 19 days | ||
| Debt ratio | 69% | 71% | ||
| Times interest earned ratio | 2.8 | 2.6 | ||
| Fixed asset turnover ratio | 5.2 | 1.4 | ||
| Total asset turnover ratio | 2.1 | 1.5 |
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Gapenski, L. & Pink, G. (2015).Understanding healthcare financial management(7th ed.). Chicago, IL: Health Administration Press of the American College of Health Care Executives.
