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HCS 405 All Assignments

For more classes visit www.snaptutorial.com HCS 405 Week 1 Health Care Financial Terms and Financial Statements

HCS 405 Week 2 Operating Budget Worksheet and Template HCS 405 Week 3 Balance Sheet Worksheet and Template HCS 405 Week 4 Simulation Review HCS 405 Week 4 Simulation Paper HCS 405 Week 5 Future Issues in Health Care Funding HCS 405 Week 5 Benchmark Assignment Income Statement Worksheet and Template ************************************************

HCS 405 Week 1 Health Care Financial Terms and Financial Statements

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HCS 405 Week 1 Health Care Financial Terms and Financial Statements

Resource: pp. 10 to 11 in Healthcare Finance: An Introduction to Accounting & Financial Management (6th ed.) Complete the Health Care Financial Terms and Financial Statements worksheet. Click the Assignment Files tab to submit your assignment. Health Care Financial Terms and Statements Understanding health care financial terms and statements is a prerequisite for academic and professional success. This assignment is intended to ensure you understand some of the basic terms and statements used. Complete parts A and B of this worksheet. Save the completed worksheet as a MicrosoftÂŽ Word document with your name in the file name to your computer desktop. Click the Assignment Files tab to submit your assignment. Part A: Complete the table below according to the following guidelines: In the space provided, write the definition for each term as used in health care management. You must define the term using your own words. In the space provided after each definition, summarize a health care management scenario that illustrates the importance of the skill, concept, procedure, or tool that the term refers to in 125 to 150 words. In the scenario, you may wish to consider the following:


o Why is the skill, concept, procedure, or tool necessary for accurate record-keeping, operational efficiency, excellent patient services, employee management, regulatory compliance, reducing costs, forecasting, etc.? o What successes are enabled by an adequate understanding or appropriate application of the skill, concept, procedure, or tool? o What risks or failures are associated with an inadequate understanding or inappropriate application of the skill, concept, procedure, or tool? Term

Definition

Scenario

Controlling Decisionmaking Organizing Planning Original records Revenue cycle Payer mix Revenue Capital expenditure budget Direct cost Flexible budget Operating budget


Responsibility center Forecast Full-time equivalents Noncontrollable expenses Nonproductive time Staffing Situational analysis SWOT analysis Part B: Resources: Complete the table below. In 100 to 125 words, identify the purpose of the financial statement listed and provide an example of how the statement is used. Financial Statement

Purpose of Statement Example of Use

Balance sheet Income statement Operating budget ************************************************

HCS 405 Week 2 Operating Budget Worksheet and Template


For more classes visit www.snaptutorial.com HCS 405 Week 2 Operating Budget Worksheet and Template

Complete the Operating Budget Worksheet and Template. Format your assignment according to APA guidelines. Click the Assignment Files tab to submit your assignment. Operating Budget Worksheet Consider the following scenario: Imagine you are a manager of a small health care facility and in charge of developing a projected annual operating budget. Your budgetary figures are as follows: For fiscal year 2015 and 2016 your clinic received $3 million from the government as fee-for-services reimbursements, as well as $1.1 million from private payers. The clinic has an annual fund-raiser that historically brings in $180,000 and a grants department that brings in $1.2 million annually. Your chief financial officer (CFO) has provided you with the following annual expenses: ABC Health Care Annual Expenses Annual salaries Annual benefits

$1.5 million $ 240,000


Annual rent

$ 960,000

Annual insurance

$ 45,000

Annual depreciation $ 780,000 Annual overhead

$ 180,000

Annual supplies

$ 60,000

Using the ABC Health Care Operating Budget template, complete a 12-month operating budget in which you include the net profit (loss). Write a 350- to 700-word executive summary that explains to the board of directors how you developed the budget and its importance. Include the following in your summary: Explain the process for creating an operating budget and its importance. Explain how revenues and expenses are grouped for planning and control in the financial statements. Explain the differences between cash and accrual financial systems. Cite at least 2 sources, including your textbook. Format your assignment according to APA guidelines. Click the Assignment Files tab to submit your assignment. ************************************************

HCS 405 Week 3 Balance Sheet Worksheet and Template

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www.snaptutorial.com HCS 405 Week 3 Balance Sheet Worksheet and Template

Complete the Balance Sheet Worksheet and Template. Format your assignment according to APA guidelines. Click the Assignment Files tab to submit your assignment. Balance Sheet Worksheet Consider the following scenario: Imagine you are a manager of a small health care facility and in charge of developing an annual balance sheet to help your stakeholders understand the organization’s financial standing. Your health care facilities figures are as follows: Your facility has $700,000 cash on hand; $1,300,000 in accounts receivables; $175,000 in inventory; and $150,000 in supplies. Your chief financial officer (CFO) has provided you with the following assets: Land value

$3,000,000

Property value $ 287,500 Plant value

$ 287,500

Investment income (loss) Equipment value

$ 147,000

$ 350,000

Your CFO has provided you with the following liabilities:


Accounts payable

$1,400,000

Wages payable

$ 480,000

Taxes payable $ 225,000 Loans payable $ 70,000 Bonds payable

$ 68,000

Your CFO has provided you with the following owners equity: Retained earnings

$ 148,000

Stock $ 340,000 Using the ABC Health Care Balance Sheet template, complete a balance sheet in which you include the net profit (loss). Write a 350- to 700-word executive summary that explains to the board of directors how you developed the balance sheet and its importance. Include the following in your summary: Explain the process for creating a balance sheet. Explain the total assets, liabilities, and net worth (loss). Explain the use of profitability, liquidity, and debt ratios. Cite at least 2 sources, including your textbook. Format your assignment according to APA guidelines. Click the Assignment Files tab to submit your assignment. ************************************************

HCS 405 Week 4 Simulation Paper


For more classes visit www.snaptutorial.com HCS 405 Week 4 Simulation Paper Write a 1,050- to 1,400-word paper that analyzes the decisions you made in the simulation. Include the following in the paper: Phase I: Capital Shortage § Analyze which cost-cutting options you selected and why. § Analyze which loan option you selected and why. § Analyze the outcome of your capital shortage decision. Phase II: Funding Options for Equipment Acquisition § Evaluate which cost-effective equipment selections you made and why. § Evaluate the outcome of your cost-effective equipment acquisition decision. Phase III: Funding Options for Capital Expansion § Evaluate which source of funding for capital expansion you selected and why. § Evaluate the outcome of your source of funding for your capital expansion decision. Summary and Conclusions § Explain what you learned from this simulation.


§ Explain what you would do differently if you performed the simulation again. § Explain how you will apply what you learned from the simulation at your current or future job. Support your ideas, analysis, and conclusions with references to scholarly external sources, such as the textbook and journal articles. Format your paper according to APA guidelines. Click the Assignment Files tab to submit your assignment. ************************************************

HCS 405 Week 4 Simulation Review

For more classes visit www.snaptutorial.com HCS 405 Week 4 Simulation Review Resource: Completed Health Care Accounting: Financial Indicators Simulation In the simulation, you are in charge of a fictitious health care organization facing financial difficulties. As a team, discuss your experience on completing the simulation and brainstorm on the content learned. This discussion will help you evaluate your decisions and organize your thoughts for this week’s individual assignment. Discuss the following as a team: § Discuss your experience completing the simulation.


§ What was the working capital shortage presented in the simulation? § What were the funding options for acquiring medical equipment? § What were the funding options for capital expansion? Write a 175- to 350-word paper summarizing your discussion. Format your summary according to APA guidelines. Click the Assignment Files tab to submit your assignment. ************************************************

HCS 405 Week 5 Benchmark AssignmentIncome Statement Worksheet and Template

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Complete the Income Statement Worksheet and Template. Format your assignment according to APA guidelines. Click the Assignment Files tab to submit your assignment. Income Statement Worksheet Resource: Week Two Operating Budget Assignment


Consider the following scenario: A month after submitting and receiving approval of the ABC Health Care Operating Budget, you receive an email from the chief financial officer (CFO) informing you the financial data of the organization has been reported and it shows the organization reported a loss for the month. He is requesting you to complete and review the income statement to determine what category(s) suffered a loss and adjust your expenses to show a profit for the incoming month. You will be responsible for presenting the adjusted budget to the board of directors showing a profit and will need to explain your new budgetary figures. Complete an income statement using the ABC Health Care Income Statement Template. The CFO provided you with the following figures to input in the income statement: Your clinic received $175,000 from the government as fee-for services reimbursements, as well as $80,000 from private payers. The clinic had a fund-raiser that brought in $26,000 and the grants department brought in $25,000. Categories

Monthly Expense

Monthly salaries Monthly benefits

$165,000 $ 42,500

Monthly rent $ 80,000 Monthly insurance

$

3,750

Monthly depreciation $ 1,700 Monthly overhead

$ 18,000

Monthly supplies

$

4,500

Monthly utilities

$

7,600


Write a 700- to 1,050-word executive summary that explains the adjusted budget showing a profit and your new budgetary figures. Include the following in your summary: Summarize the scenario. Analyze the monthly revenues you think need to be adjusted. Which revenues can be increased and by how much? How will the adjustments affect the organization? Analyze the monthly expenses you think need to be adjusted. Which expenses can be cut and by how much? Are the expenses variable or fixed? How will the adjustments affect the organization? Explain your budgetary recommendation to your CFO. Are you recommending a profit or a breakeven point? How much of the expenses do you propose should be cut to make a profit? How much of the revenues do you propose to increase to make a profit? If applicable. Analyze how you determine if your recommendations are ethically sound. Cite at least 2 sources, including your textbook. Format your assignment according to APA guidelines. Click the Assignment Files tab to submit your assignment. ************************************************


HCS 405 Week 5 Future Issues in Health Care Funding

For more classes visit www.snaptutorial.com HCS 405 Week 5 Future Issues in Health Care Funding Write a 500- to 700-word paper that discusses what impact technology and finance have on a health care manager. Include the following in your paper: ยง Explain what impact technology has on a health care manager. ยง Explain what impact finance has on a health care manager. ยง Explain what impact the federal and state government in health care have on health care and the health care manager. Support your ideas, analysis, and conclusions with references to scholarly external sources, such as the textbook and journal articles. Format your paper according to APA guidelines. Click the Assignment Files tab to submit your assignment. ************************************************

HCS 405 Competitive Success--snaptutorial.com  

For more classes visit www.snaptutorial.com HCS 405 Week 1 Health Care Financial Terms and Financial Statements

HCS 405 Competitive Success--snaptutorial.com  

For more classes visit www.snaptutorial.com HCS 405 Week 1 Health Care Financial Terms and Financial Statements

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