hsa 525,hsa 525,hsa 525 entire course new Flashcards
STRAYER HSA 525 Week 10 Discussion Strategic Planning and Business Plan NEW
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HSA 525 Week 10 DiscussionStrategic Planning and Business Plan NEW
Strategic Planning and Business Plan” Please respond to the following:
• Ascertain the importance of strategic planning for an organization. Next, suggest one (1) strategy you may use to structure the strategic planning session for a not-for-profit mid-sized health organization that is competing with several for-profit facilities
• in the area. Then determine your approach to communicate the mission, vision, and value statements for the strategic planning. Provide a rationale for your response.
• Use the Internet or Strayer databases to research articles on business plan creation within health organizations. Next, based on your research and analysis, recommend three (3) best practices of
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STRAYER HSA 525 Week 7 Homework 6 Ex 15-1, 15-2, 15-3, and 15-4, Ex16-1 NEW
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Assignment Exercise 15–1: Budgeting
Select an organization: either from the Case Studies in Chapters 27–28 or from one of the Mini-Case Studies in Chapters 29–31.
Required
1. Using the organization selected, create a budget for the next fiscal year. Set out the details of all assumptions you needed in order to build this budget.
2. Use the “Checklist for Building a Budget” (Exhibit 15–2) and critique your own budget.
Assignment Exercise 15–2: Budgeting
Find an existing budget from a published source. Detail should be extensive enough to present a challenge.
1. Using the existing budget, create a new budget for the next fiscal year. Set out the details of all the assumptions you needed in order to build this budget.
2. Use the “Checklist for Building a Budget” (Exhibit 15–2) and critique your own effort.
3. Use the “Checklist for Reviewing a Budget” (Exhibit 15–3) and critique the existing budget.
Assignment Exercise 15–3: Transactions Outside the Operating Budget
Review Figure 15–2 and the accompanying text.
Metropolis Health System (MHS) has received a wellness grant from the charitable arm of an area electronics company. The grant will run for 24 months, beginning at the first of the next fiscal year. Two therapists and two registered nurses will each
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STRAYER HSA 525 Week 1 Discussion 1Financial Management NEW
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“Financial Management” Please respond to the following:
• Suggest one (1) key way in which the role of ethics in managerial accounting differs from the role of ethics in financial accounting. Indicate the role that you believe is the most significant within a health care organization. Provide support for your rationale.
• Create an argument that explains why financial managers should be concerned with quality initiatives in the health care organization. Provide at least two (2) specific examples of quality initiatives in a health care organization with which you are familiar.
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STRAYER HSA 525 Week 2 Discussion Inflows and Revenue Management NEW
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“Inflows and Revenue Management” Please respond to the following:
• Determine a key difference between a fee-for-service plan and an episode of care payment plan, and indicate the plan that you believe to be most advantageous for the majority of patients. Provide support for your rationale.
• * From the scenario, determine one (1) key factor that has a negative impact on revenue. Recommend a revenue strategy for the organization in the scenario to improve its revenue cycle management. Provide support for your recommendation.
STRAYER HSA 525 Week 2 Discussion Inflows and Revenue Management NEW
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STRAYER HSA 525 Week 2 Homework 1 Ex 4-1, Ex 4-2, Ex 5-1, Ex 5-2 NEW
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Exercise 4–1: Contractual Allowances Assignment Exercise 4–1: Contractual Allowances Physician Office Revenue for Visit Code 99214 has a full established rate of $72.00. Of ten different payers, there are nine different contracted rates, as follows: Contracted Payer Rate FHP $35.70 HPHP 58.85 MC 54.90 UND 60.40 CCN 70.20 MO 70.75 CGN 10.00 PRU 54.90 PHCS 50.00 ANA 45.00 Rates for illustration only. Required 1. Set up a worksheet with four columns: Payer, Full Rate, Contracted Rate, and Contractual Allowance. 2. For each payer, enter the full rate and the contracted rate. 3. For each payer, compute the contractual allowance. The first payer has been computed below: Full Contracted Contractual Payer Rate (less) Rate = Allowance FHP $72.00 $35.70 $36.30
Assignment Exercise 4–2: Revenue Sources and Grouping Revenue The Metropolis Health System has revenue sources from operations, donations, and interest income. The revenue from operations is primarily received for services. MHS groups its rev-enue first by cost center. Within each cost center the services revenue is then grouped by payer. Required 1. Set up a worksheet with individual columns across the top for six
STRAYER HSA 525 Week 2 Homework 1 Ex 4-1, Ex 4-2, Ex 5-1, Ex 5-2 NEW
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STRAYER HSA 525 Week 3 Discussion 1 Cost Control NEW
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“Cost Control” Please respond to the following:
• Use the Internet or Strayer Databases to research “cost escalation” within the health care segment. Next, determine one (1) key driver of health care cost escalation. Indicate one (1) strategy health care managers can implement to reduce costs in the future. Provide support for your rationale.
• Assume that you are a financial administrator of a hospital, and you are responsible for reducing costs (e.g., fixed, variable, semi-fixed, etc.) for the facility. Determine the most significant cost within the hospital, and recommend a strategy for reducing this cost 10% over the next year. Provide support for your strategy.
STRAYER HSA 525 Week 3 Discussion 1 Cost Control NEW
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STRAYER HSA 525 Week 3 Homework 2 Ex 6-1, Ex 6-2, Ex 7-1, Ex 7-2 NEW
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Assignment Exercise 6–1: Allocating Indirect Costs
1. Compute the costs allocated to cost centers “Clerical Salaries,” “Administrative Salaries,” and “Computer Services” using the new allocation bases shown below. Use worksheet #1 that replicates the set up in Table 6–2. Total the new results. The new allocation bases are:
Assignment Exercise 6–2: Responsibility Centers
Choose among the Case Study in Chapter 27, the clinic in Mini-Case Study 2, or the Metropolis Health System information as contained in its Case Study and the Appendix that contains its financial statements. Designate the responsibility centers and the support centers for the organization selected. Prepare a rationale for the structure you have designed.
Assignment Exercise 7–1: Analyzing Mixed Costs
Initial Calculations
Assignment Exercise 7–2: Calculating the Contribution Margin
STRAYER HSA 525 Week 3 Homework 2 Ex 6-1, Ex 6-2, Ex 7-1, Ex 7-2 NEW
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STRAYER HSA 525 Week 4 Assignment 1 Financial Statement Analysis NEW
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Assignment 1: Financial Statement Analysis
Due Week 4 and worth 200 points
Select one (1) of the following publically traded health care organizations: Universal Health Services (NYSE: UHS) or Health Management Associates (NYSE: HMA).
Suppose you are a newly appointed CFO of your chosen health care organization. One of your first tasks is to conduct an internal financial analysis of the organization. Conduct a brief financial analysis and review of the chosen company’s financial statements for at least three (3) consecutive years. After conducting the analysis, interpret the data contained within the statements.
Write a three to four (3-4) page paper in which you:
Based on your review of the financial statements, suggest a key insight about the financial health of the company. Speculate on the likely reaction to the financial statements from various stakeholder groups (employee, investors, shareholders).
STRAYER HSA 525 Week 4 Assignment 1 Financial Statement Analysis NEW
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STRAYER HSA 525 Week 4 Discussion Inventory Analysis and Optimizing Staffing NEW
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“Inventory Analysis and Optimizing Staffing” Please respond to the following:
• Recommend a strategy for financial administrators to balance the tension between having inventory on hand when it is needed versus the carry cost to the organization. Provide support for your recommendation.
• Assume that you are a health care administrator in a hospital, and you are responsible for staffing levels. Suggest an approach to staffing for 24/7 coverage that optimizes patient care, minimizes cost, and produces the highest level of employee satisfaction. Provide support for your rationale.
STRAYER HSA 525 Week 4 Discussion Inventory Analysis and Optimizing Staffing NEW
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STRAYER HSA 525 Week 4 Homework 3 Ex 8-1, Ex 8-2, Ex 8-3, Ex 8-4, Ex 9-1, Ex 9-2 NEW
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Assignment Exercise 8–1: FIFO and LIFO Inventory
Use the format in Exhibit 8–1 to compute the ending FIFO inventory and the cost of goods sold, assuming $90,000 in sales; beginning inventory 500 units @ $50; purchases of 400 units @ $50; 100 units @ $65; 400 units @ $85.
Also compute the cost of goods sold percentage of sales.
Comment on the difference in outcomes.
Assignment Exercise 8–2: Inventory Turnover
Use the LIFO information in the previous assignment to first compute the average inventory and then to compute the inventory turnover.
Assignment Exercise 8–3: Depreciation Concept
The laboratory equipment cost $300,000 and has an expected life of 5 years. The salvage value is 5% of cost. No equipment was traded in on this purchase.
Compute the straight-line depreciation.
Assignment Exercise 8–4: Depreciation
STRAYER HSA 525 Week 4 Homework 3 Ex 8-1, Ex 8-2, Ex 8-3, Ex 8-4, Ex 9-1, Ex 9-2 NEW
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STRAYER HSA 525 Week 5 Discussion Managed Care Contracting and Ratio Analysis NEW
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“Managed Care Contracting and Ratio Analysis” Please respond to the following:
• From the scenario, interpret the operating indicators used to analyze the financial performance of the organization. Indicate specific ways in which this information will help management improve the performance of the organization. Provide support for your rationale.
• Assume that you are a hospital administrator, and one of your responsibilities is selecting financial ratios to be included on your management dashboard. Determine the two (2) most critical financial ratios for you to monitor at your facility, and indicate how each of these ratios would help you assess the current performance of your facility. Provide support for your rationale.
STRAYER HSA 525 Week 5 Discussion Managed Care Contracting and Ratio Analysis NEW
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STRAYER HSA 525 Week 5 Homework Ex 10-1, 10-2,10-3, Ex 11-1, 11-2, 11-3, Ex 12-1, 12-2, 12-3, 12-4, 12-5 NEW
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HSA 525 Week 5 Homework Ex 10-1, 10-2,10-3, Ex 11-1, 11-2, 11-3, Ex 12-1, 12-2, 12-3, 12-4, 12-5 NEW
Assignment Exercise 10–1: Components of Balance Sheet and Statement of Net Income
Identify the following MHS balance sheet components. List the name of each component and its amount(s) from the appropriate MHS financial statement.
Current Liabilities Total Assets Income from Operations Accumulated Depreciation Total Operating Revenue
STRAYER HSA 525 Week 5 Homework Ex 10-1, 10-2,10-3, Ex 11-1, 11-2, 11-3, Ex 12-1, 12-2, 12-3, 12-4, 12-5 NEW
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STRAYER HSA 525 Week 6 Assignment 2 Using Financial Ratios to Assess Organizational Performance NEW
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Assignment 2: Using Financial Ratios to Assess Organizational Performance
Due Week 6 and worth 240 points
Using the financial statements from your selected health care organization in Assignment 1, develop a financial plan for the next three (3) years.
Write a four to five (4-5) page paper in which you:
1. Suggest the financial ratio that most financial analysts would use to evaluate the financial condition of the company. Provide support for your rationale.
2. Speculate on the organization’s ability to meet its financial obligations as they come due. Provide support for your rationale.
3. Based on your ratio analysis, determine whether the profitability trends are favorable or unfavorable and explain your rationale.
4. Using financial ratio analysis, predict whether or not the company will be viable in five (5) years based on its performance over the past three (3) years. Provide support for
STRAYER HSA 525 Week 6 Assignment 2 Using Financial Ratios to Assess Organizational Performance NEW
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STRAYER HSA 525 Week 6 Discussion Using Ratios as Performance Indicators and Inflation and Health Care Costs NEW
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“Using Ratios as Performance Indicators and Inflation and Health Care Costs” Please respond to the following:
• Suggest one (1) key financial ratio that a health care administrator should create a trend analysis for. Suggest one (1) key insight that may be gained by the administrator in regard to the performance of the organization. Provide support for your rationale.
• Use the Internet or Strayer databases to research the current and projected inflation rates and the related impact expected on health care costs. Next, assess the level of importance of one (1) key driver of the inflation of health care costs. Indicate how this inflation can be managed strategically in the future to minimize the financial impact. Provide support for your rationale.
STRAYER HSA 525 Week 6 Discussion Using Ratios as Performance Indicators and Inflation and Health Care Costs NEW
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STRAYER HSA 525 Week 6 Homework 5 Ex 13-3, 13-4.1, 13-4.2, Ex 14-2, 14-3 NEW
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Assignment Exercise 13–3
As a follow-up to the previous Practice Exercise, new assumptions are as follows:
1. Your unit’s gross charges for the period to date amount to $200,000.
2. The uniform gross charge for each procedure in your unit is $100.
3. The unit receives revenue from four major payers. The number of procedures performed for the period totals 2,000. Of that total, the number of procedures per payer (stated as a percentage) is as follows: Payer 1 = 30% Payer 2 = 40% Payer 3 = 20% Payer 4 = 10%
4. The following contractual payment arrangements are in effect for the current period. The percentage of the gross charge that is currently paid by each payer is as follows: Payer 1 = 80% [Medicare] Payer 2 = 70% [Commercial managed care plans] Payer 3 = 50% [Medicaid] Payer 4 = 90% [Self-pay]
Assignment Exercise 13–4.1: Forecast Capacity Levels
Prepare another Infusion Center Capacity Level Forecast as follows:
Assume the same three infusion chairs, but add another nurse
STRAYER HSA 525 Week 6 Homework 5 Ex 13-3, 13-4.1, 13-4.2, Ex 14-2, 14-3 NEW
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