Text 1: Health Care Organization
You are the CFO of ABC Hospital, a not-for-profit healthcare provider. You were just informed that one of the surgeons failed to remove an instrument used to perform the procedure. The patient is filing a lawsuit against the hospital. What, if any, are the effects of information like this on the hospital's financial statements?
Discuss the financial and non-financial measures that are important in evaluating the fiscal stability/soundness of not-for-profit healthcare organizations.
Text 2: Colleges and Universities: Endowments
What are the three types of endowments? Describe each type. Conduct an internet research on a public university of your choice. Obtain the most recent financial report available and share the link here.
From your research, discuss here the type of endowments they currently have reported on their financial statements. Describe the nature and purpose of the endowment. What are the stipulations or restrictions, if any, regarding these endowments?