Innovation in Healthcare and Financial Statements
After reading the materials for this module, conduct a search in the Saudi Digital Library for articles related to innovation in healthcare. Specifically, locate an article that compares healthcare innovation to financial performance.
In addition to finding an article about healthcare innovation, locate the consolidated financial statements for two publicly traded healthcare or pharmaceutical, or biotech/life science companies that are traded on the Saudi Arabian stock exchange (Tadawal). (Hint, look for their published annual report.)
For the first part of this discussion, locate the line items on the financial reports that would show investment in innovations under IFRS standards. In the second part of this discussion, determine what impact the acquisition of innovative resources has on a healthcare organization’s financial statements (Balance Sheet, Profit and Loss Statement, Cash Flow Statement). Consider the IFRS requirements for revenue reporting. Be specific.
How should healthcare organizations effectively finance the acquisition of innovative resources to provide better services to their patients? What are the decisions that face the financial managers of healthcare organizations when deciding when and how to invest in new technology?
Be sure to support your statements with logic and argument, citing all sources that you used. Post your initial response early and check back often to continue the discussion.
You are required to reply to at least two peer discussion question post answers to this weekly discussion question and/or your instructor’s response to your posting. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these peer replies but is expected throughout the course. Answering all course questions is also required.