Commentary for Slides (Innovation and Healthcare) (Essay Sample)

Slide 1 Reference: Moreira, M. R., Gherman, M., & Sousa, P. S. (2017). Does innovation influence the performance of healthcare organizations? Innovation, 19(3), 335-352. Commentary: Innovation is broadly concentrated on the field, given its significance for any association wishing to accomplish and keep an upper hand on the lookout, despite the fact that evaluating the effects of development addresses a test because of the trouble of disengaging and estimating it. Few sorts of innovations impact the pertinent proportions of execution in medical care establishments, investigating exactly the imaginativeness execution relationship. The review depends on the services a particular organization is providing and their financial statements regarding their profit & loss, income statements, balance sheets and net cash flow comparisons of at least the previous three years or of the data the organization provides online. Authoritative development is associated with process advancement and administration advancement. Moreover, administration and cycle developments impact functional execution. Nonetheless, we can't reason that development in medical services/ units overalls affect their monetary presentation. The aftereffects of this study might assist medical clinic heads to pursue better choices concerning their advancement strategy plan. Slide 2 Reference: Alzhrani, H., Alyoubi, B., Assiri, M., Aljuaid, A., Aljohani, S., & Awaji, K. (2022). Implication Of Health Informatics on the Healthcare Workers’ Activities in Saudi German Hospital in Jeddah, Saudi Arabia. International Journal Of Medical Science And Clinical Research Studies, 2(12), 1512-1522. Commentary: Healthcare Informatics includes the sources of information between the client and the hospital staff regarding the services they provide to the patients. Saudi German Hospital has been really provident to provide overstretched healthcare services during the Pandemic (COVID 2019) to its clients (patients). The hospital is specialized to provide Cancer- Care services to patients that really need them. Telephonic communication and Technical tests for different diseases (heart, lungs, brain, blood and urine tests) are proudly available in the hospital and they are fast too. Electronic Health Records for Faster data communication are more than active in the hospital. Advanced and Specialized Nursing Practice provides great help to the patients who are admitted there. Slide 3 Commentary: Review of cost comparison compared to previous years From 2018 to 2021 available online (Appendix A, Fig. 1): The cost of Services was 889.9 to 1264.44 million Saudi Riyals. The net- income decreased from 172.25 to 17.2 million Riyals. The overall sales remained at 1390.6 to 1872.6 million Riyals. The operating income decreased from 162.7 to 40.5 million Riyals. The shares Outstanding 1 (million) remained constant i.e. 92.04 Million Riyals. The earnings per share decreased from 1.87 to 0.19 million Riyals. The factors responsible for these healthcare statistics are dependent on the COVID- 19 that demolished almost all the world economies badly. Slide 4 Reference: Yusuf, N. (2014). Private and public healthcare in Saudi Arabia: future challenges. International Journal of Business and Economic Development (IJBED), 2(1). Commentary: The hospital is Fully Equipped with all the new healthcare facilities and new informatics with new technologies available in the hospitals making it good for the patients. Knowledgeable and Advanced Healthcare Professionals are available in all the emergency, intense care units and other general and special wards for patients from the civilian population and armed forces. Cooperative and responsive staff is available who attend to the patients. The flow of patients is great as German and Saudi both patients may visit. The quality of life of the patients who have a strong educational background receive offers and billing discounts from the hospital. Slide 5 Reference Adrian, T., & Shin, H. S. (2011). Financial intermediary balance sheet management. Annu. Rev. Financ. Econ., 3(1), 289-307. Commentary: A review of the balance Sheet (Adrian & Shin, 2011) contains the following points. Review of the Assets that are taken from Appendix A; Fig. 2 reveals the figures for the assets of the hospital. The latest data available online from 2018- 2021 for the assets of the hospital are given on the official website of the Saudi German Hospital Jeddah that can be read by anyone from there. Total Current Assets increased from 1187.87 to 1578.33 million Riyals from 2018 to 2021. Total Non-Current Assets increased from 1539.09 to 2396.51 million Riyals. Total Assets increased from 2726.96 to 3974.86 million Riyals. Slide 6 Reference: Adrian, T., & Shin, H. S. (2011). Financial intermediary balance sheet management. Annu. Rev. Financ. Econ., 3(1), 289-307. Commentary: A review of the balance Sheet (Adrian & Shin, 2011) contains the following points. Review of the liabilities that are taken from Appendix A; Fig. 2 reveals the figures for the liabilities of the hospital. The latest data available online from 2018- 2021 for the liabilities of the hospital are given on the official website of the Saudi German Hospital Jeddah that can be read by anyone from there. Total Current liabilities increased from 675.77 to 1369.76 million Riyals from 2018 to 2021. Total Non-Current liabilities increased from 560.46 to 1309.76 million Riyals Total Liabilities increased from 1236.22 to 2679.54 million Riyals. Slide 7 Reference Castillo, E. A. (2016). Beyond the balance sheet. Journal of Nonprofit Education and Leadership, 6(3), 287-303. Commentary: The financial health of the balance sheet (Castillo, 2016) is the second name of capacity, durability and reliability of the financial budget of an organization. It contains the points given below. The capacity of human and machine technology, and is in a durable condition for the Saudi German Hospital Jedda. The efficiency of the working hours of humans and the working capacity of machines is also efficient for the hospital. Slide 8 Reference Ahrendsen, B. L., & Katchova, A. L. (2012). Financial ratio analysis using ARMS data. Agricultural Finance Review. Commentary: Financial Ratios (Ahrendsen & Katchova, 2012) contain the following points to elaborate. The Current Ratio, Debt-to-equity Ratio, and Working Capacity Ratio are taken from the official website of the Saudi German Hospital Jeddah from 2018 to 2021 and these are the latest updated figures on the website. The current debt-to-debt-equity ratio is 1.62 to 2.07 (How to calculate the debt-to-equity ratio? 2022). The working capacity (humans) is 5 to 10 thousand. The market cap for the hospital is 2439.06. The enterprise value is 4600.62 for the hospital. The price/book ratio is 1.62 and the current capital is 1160.40 for the hospital. Reliability that how humans and machines do their work maintaining quality and that is also great for the hospital. Cost to Repair shows the healthy financial stats of the hospital. Slide 9 Reference ALHARBI, M. S. (2009). The Accounting Measurement Bases for Capital Leases Transactions According to Islamic Approach: An Empirical Study in The Kingdom of Saudi Arabia. Commentary: Recommendations to lease or finance the capital item (ALHARBI, 2009) are the items or places which can be given to or taken from others on rent. The hospital rented land on lease from the building of Bait Al Batterjee College for Medical Sciences with two years of contract validity without any condition to build a science and technology college. 7 million Saudi Arabia Riyals are kept in the budget. According to the Board of Directors Annual Report for the Financial year 2020, the lease period for the college is of 4 years i.e. from 2021 to 2025 and it should extend as a correct recommendation. Slide 10 Commentary Finical data is showing an increase in Liabilities and an increase in assets as well. This data supports a great gross profit for the overall financial healthcare of the budget for the hospital. The facts and figures are good, statistics show a stable economy and the balance sheet shows a prosperous Saudi German Hospital. The leasing capacity and the overall period of the contract for lease are also going in the good direction to keep the working of the hospital intact in the longer run. This hospital is genuinely one of the finest Hospitals in Saudi Arabia with the mutual cooperation and support of Germany. source..