Omega Health Foundation Paper

Omega Health Foundation Paper

Mike DeVries

Masters in Business Administration, FIN/HC571

Monday June 20, 2011

Peggy Determeyer

Omega Health Foundation Paper

By analyzing the financial information from Omega Health Foundation for the years of 2008 and 2009, this evaluation will determine the various strengths and weaknesses of the financial position based on the net income and cash flow of the foundation and use this information to further evaluate the influential changes on assets and liabilities. Through this process of evaluation, certain strengths and weaknesses will be identified and used to make recommendations to decisively strengthen Omega’s financial position.

Principles of Finance for Omega Health Foundation

The principles of finance guide us in our ability to determine how people act, how those actions convey certain bits of information, the ability to use that information to make key observations, and the value of those observations to create options for improvement (Emery, 2007). Omega Health Foundation is a complex business organization with non-profit and for-profit segments. This organizational structure includes two hospitals, Omega and Able Memorial, plus a number of related medical-service providers as shown, below, in the organizational structure (Cleverly, 2007).

Omega Health Foundation

Omega Health System Services

Omega Extended Care

Services

Omega System

Services

Omega Hospital

Able Memorial Hospital

Omega Medical

Management, Inc.

Omega Psychiatric

and Psychological

Associates

Omega

Institute of

Psychiatry

All of these related entities are...