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Essay: Variance Memo

For your critical thinking assignment this week, write a 2- to 3-page memo to your Chief Executive Officer describing the variances and changes in the income statement and balance sheets for Good Samaritan Medical Center. For this assignment:

  • Review the income statement which is Exhibit 11.2 on page 327 of our text and the balance sheet which is Exhibit 12.2 on page 356.
  • Describe the differences or changes from 2015 to 2016 relating to the income and expenses of the firm.
  • Describe the differences or changes from 2015 to 2016 relating to the Balance Sheet.
  • You should provide some hypothetical situations of why changes occurred between 2015 at 2016.
  • Recommendations of future financial stability of the hospital based on these financial documents.


  • A 2- to 3-page memo (excluding title and reference pages),
  • Formatted according to the CSU-Global Guide to Writing and APA (Links to an external site.).
  • Include a minimum of two (2) credible, academic references.
  • Be sure to discuss and reference concepts taken from the assigned textbook reading and relevant research.
  • Review the grading rubric to see how you will be graded for this assignment.

Required Textbook: Tutor must possess this in order to complete the assignment

Reiter, K., & Song, P. (2018). Gapenski’s fundamentals of healthcare finance. Chicago, Illinois: Association of University Programs in Health Administration. ISBN 9781567939750