Financial analysis is about to measure the performance, position and understanding the profitability and risk of a firm or a corporation (based on business project). For the financial analysis, there are different tools and techniques of accounting are used (Christopher 2012).
The financial analysis of any firm or organization starts from the reformulation of a report based on the financial information. There are four types of financial statements; Income statement, statement of financial position or balance sheet, statement of changes in equity and cash flow statement (Keeler et al. 1992).
Carolinas HealthCare System
The Carolinas HealthCare System (CHS) is one of the largest and leading organizations the field of healthcare. The locations of CHS organizations are South and North East and it represents the largest public area. The CHS is based on the non-profit system that works for the nation. The operations of the CHS are divided in more than 30 affiliated hospitals. The numbers of physicians in the CHS are 1,900. Patients are treated and served in 600 other care locations. Practices of physician, outpatient centers for surgery, laboratories, pharmacies, freestanding emergency departments and other type of facilities are provided in other care locations. Nursing homes and other enterprises based on providing the health care, hospital services and the medical equipment, are also a part of the operations of CHS. There are approx 6,200 licensed beds are available in the CHS. The numbers of employees at CHS are 48,000. The revenues of CHS are more than $6.7 billion during the year of 2011. There is one thing common in the Carolinas HealthCare System is the mission that is shared for everyone and CHS are committed towards the services of public and their services are outreach extensively to all segments of the population (Nicholson et al. 2000). CHS is engaged to provide a wide range of high quality services, medical home, educational and research initiatives to everyone around the world through its extraordinary staff.
The Carolinas Healthcare System is a network of hospital and it is located at the South and North Carolina. There are approximately 90% of hospitals that are affiliated with the network of system. The system's location is near to Charlotte that is a distance of 75 miles of Carolinas hospital. The location of the Carolinas Medical Centre is Myers Park and Dilworth that are the areas of Charlotte.
Metropolitan area of the Charlotte
The operations of the Carolinas Healthcare System are not limited to the Charlotte, though it is based on the Charlotte. Within the Charlotte area, the network of the system operates the entire eight hospitals. The operations of the Carolinas HealthCare System consider the four out of eight hospitals that comprise almost 90%.
Behavioral Health Facilities
The Carolinas HealthCare System is committed to provide the behavioral facility (66 beds in and out patient) on the Road of Randolph located in Charlotte along with the partnership of Mecklenburg County. Services based on outpatient are child, adult, adolescent Partial Programs of Hospitalization.