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Flashcards in HCS 405 UOP Complete Class, HCS 405 UOP Assignment, HCS 405 UOP Course Deck (21):
1

HCS 405 Week 5 Learning Team Sensitivity Analysis
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HCS 405 Week 5 Learning Team Sensitivity Analysis
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Review the financial statements, annual report, and budget issues documents, located in the Patton-Fuller Community Hospital Virtual Organization.

Create a 8- to 12-slide Microsoft® PowerPoint® presentation that summarizes elements that affect staffing at Patton-Fuller, such as raises in wages and changes in the nurse-to-patient ratio. If you wish, you may use presentation software other than PowerPoint, such as Prezi.

Include the following in your presentation:

· Provide a comparative analysis of the last two years of data.

· Explain how the 2010 budget assumptions will positively or negatively affect Patton-Fuller.

· Explain how you may use a trend analysis to plan for staffing at Patton-Fuller.

Summarize the trend analysis and how comparative data facilitates forecasting at Patton-Fuller.

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2

HCS 405 Week 5 Individual Paper Budget Changes
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HCS 405 Week 5 Individual Paper Budget Changes
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How might financial managers budget for unforeseen changes and improvements in information technology that require large capital outlays? Please answer the question in 500-750 words.

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3

HCS 405 Week 5 Individual Health Care Financial Terms Worksheet
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HCS 405 Week 5 Individual Health Care Financial Terms Worksheet
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4

HCS 405 Week 4 Learning Team Financial Statements Review
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HCS 405 Week 4 Learning Team Financial Statements Review
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Write a 700- to 1,050-word summary that addresses the following:



· Annual report, including the Patton-Fuller financial statements

o How did the audited and unaudited financial statements differ?

· Relationship between revenue sources and expenses on Patton-Fuller’s financial performance

o What is the effect of revenue sources on financial reporting at the hospital?

o How are the hospital’s revenues and expenses grouped for planning and control?



Format your paper consistent with APA guidelines.

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5

HCS 405 Week 4 Individual Simulation Review
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HCS 405 Week 4 Individual Simulation Review
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6

HCS 405 Week 4 Individual Health Care Financial Terms Worksheet
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HCS 405 Week 4 Individual Health Care Financial Terms Worksheet
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7

HCS 405 Week 4 DQ 2
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HCS 405 Week 4 DQ 2
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Do any of the reports you receive in the course of your work use trend analysis? Why do you think so? Do any of the reports you receive in the course of your work use common sizing? Why do you think so? Are you or your immediate supervisor involved with staffing decisions? If so, are you aware of how staffing forecasts are prepared in your organization? Describe an example. Have you, in the course of your work, become involved in problems with capacity level issues such as space and equipment availability? If so, would forecasting have assisted in solving such problems? Describe why. If you reviewed a budget at your workplace, do you think the major increases and decreases could be explained? If so, why? If not, why not? Have you ever in the course of your work reviewed a report that had been annualized? If so, did you agree with how it appeared to be annualized? Were you also able to see the assumptions used to annualize? If so, were you able to recalculate the results using the same assumptions? Have you ever in the course of your work reviewed a financial report that applied inflation factors? If so, were you able to see the assumptions used to apply the factors? If not, why not? Please describe.

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8

HCS 405 Week 4 DQ 1
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HCS 405 Week 4 DQ 1
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Are you or your immediate supervisor responsible for staffing? If so, do you use a computerized program? Do you believe a computerized program is better? If so, why? Does your organization report time as “productive” and “nonproductive”? If not, do you believe it should? What do you believe the benefits would be? Are there ratios in the reports you receive at your workplace? If so, do you use them? How? If not, do you believe ratios should be on the reports? Which reports? Can you think of good outside sources that could be used to obtain ratios for comparative purposes? If the outside information was available, what ratios would you choose to use? Why?

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9

HCS 405 Week 3 Learning Team Patton-Fuller Income Statement Worksheet
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HCS 405 Week 3 Learning Team Patton-Fuller Income Statement Worksheet
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10

HCS 405 Week 3 Individual Health Care Financial Terms Worksheet
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HCS 405 Week 3 Individual Health Care Financial Terms Worksheet
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11

HCS 405 Week 3 DQ 2
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HCS 405 Week 3 DQ 2
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Do you believe your organization uses one or more operating budgets? Why do you think so? Do you believe your organization uses a flexible or a static budget? Why do you think so? If you reviewed a budget at your workplace, do you think the major increases and decreases could be explained? If so, why? If not, why not? Have you ever been involved in helping to create any part of a capital expenditure budget? If so, which type of proposal was it? Was the proposal successful? Do you recall whether any of the four cash flow reporting methods were used? If so, which one? Do you now think that was the best choice for the particular proposal? If you were assigned to prepare a capital expenditure budget request, what two people would you most want to have on your team? Why? How would you expect to use them?

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12

HCS 405 Week 3 DQ 1
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HCS 405 Week 3 DQ 1
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Have you seen reports in your workplace that set out the contribution margin? Do you believe that contribution margins can help you manage in your present work? In the future? How? Have you encountered break-even analysis in your work? If so, how was it used (or presented)? How do you think you would use break-even analysis? Do you believe your organization could use these analysis tools more often than is now happening? What do you believe the benefits would be? Do you or your supervisor have to deal with inventory? If so, please describe. Have you ever had to count physical inventory? If so, please describe the process. Do you or your supervisor have to deal with depreciation expense? If so, please describe. Have you ever had to compute depreciation expense? If so, please describe the circumstances.

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13

HCS 405 Week 2 Learning Team Patton-Fuller Income Statement Worksheet
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HCS 405 Week 2 Learning Team Patton-Fuller Income Statement Worksheet
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14

HCS 405 Week 2 Individual Reporting Practices and Ethics Paper
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HCS 405 Week 2 Individual Reporting Practices and Ethics Paper
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Find two or three articles that address financial reporting practices and ethical standards in health care finance, including the following topics:



· Generally accepted accounting principles

· Corporate compliance, ethics, or fraud and abuse



Write a 700- to 1,050-word paper on the financial management of health care organizations, integrating your research articles.



· Include a summary of the four elements of financial management.

· Include a summary of generally accepted accounting principles and general financial ethical standards.

· Provide examples from the articles that reflect ethical standards of conduct and financial reporting practices.

· Explain the significance of each example.



Format your paper consistent with APA guidelines

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15

HCS 405 Week 2 Individual Health Care Financial Terms Worksheet
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HCS 405 Week 2 Individual Health Care Financial Terms Worksheet
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16

HCS 405 Week 2 DQ 2
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HCS 405 Week 2 DQ 2
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In your own workplace, can you give a good example of a direct cost? An indirect cost? What is the difference? Does your organization use responsibility centers? If not, do you think they should? Why? If so, do you believe the responsibility centers operate properly? Would you make changes? Why? Can you give an example of an asset? A liability? Does the concept of revenue less expense equaling an increase in equity or fund balance make sense to you? If not, why not? Are you familiar with the current maturity of long-term debt? What example of it can you give in your own life (either at work or at home)? Do you get a chance to review financial statements at your place of work? Would you like to? Why?

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17

HCS 405 Week 2 DQ 1
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HCS 405 Week 2 DQ 1
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Does your organization receive revenue mainly in the form of payment after service is delivered or payment before service is delivered? What do you believe the proportion of revenues from different sources is for your organization? Do you believe that this proportion (payer mix) will change in the future? What grouping of revenue do you believe your organization uses (revenue centers, care settings, service lines, other)? From your perspective, would there be a better grouping possible? If so, why do you think it is not used? Have you worked with cost centers in your duties? If so, how have you been exposed to them? Have you had to manage from a cost center type of report? If so, how was it categorized? Do you believe that grouping expenses by diagnoses and procedures (based on type of services provided) is better to use for control and planning than grouping expenses by care setting (based on location of service provided)? What grouping of expenses do you believe your organization uses (traditional cost centers, diagnoses/procedures, care settings, other)? From your perspective, would there be a better grouping possible? If so, why do you think it is not used?

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18

HCS 405 Week 1 Individual Health Care Financial Terms Worksheet
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HCS 405 Week 1 Individual Health Care Financial Terms Worksheet
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19

HCS 405 Week 1 DQ 2
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HCS 405 Week 1 DQ 2
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Have you ever been informed of the information flow in your unit or division? If so, did you receive the information in a formal seminar or in an informal manner, one-on-one with another individual? Do you think this was the best way? Why? Do you know about the chart of accounts in your organization as it pertains to information you receive? If so, is it similar to one of the three formats illustrated in this chapter (Chapter Two)? If not, how is it different? Do you work with daily or weekly operating reports? With quarterly reports and statistics? If so, do these reports give you useful information? How do you think they could be improved?

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20

HCS 405 Week 1 DQ 1
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HCS 405 Week 1 DQ 1
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What element of financial management do you perform most often in your job? Of the organization types described in this chapter (Chapter One), what type is the one you work for? Have you ever seen your company’s organization chart? If so, how decentralized is it? If you receive reports in the course of your work, do you believe that they are prepared for outside (third party) use or for internal (management) use? What leads you to believe this?

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21

HCS 405 Complete Class
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HCS 405 Complete Class
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