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HSA 525 Education for Service-- snaptutorial.com

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1 HSA 525 Education for Service-- snaptutorial.com

2 HSA 525 Final Exam Part 1 For more classes visit www.snaptutorial.com Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs Question 2This committee develops blood usage policies and procedures. It is responsible for monitoring transfusion services and reviewing indications for transfusions, blood ordering practices, each transfusion episode, and transfusion reactions. The committee reports its findings and recommendations to the medical staff executive committee.

3 HSA 525 Education for Service-- snaptutorial.com HSA 525 Final Exam Part 2 For more classes visit www.snaptutorial.com Question 1 Patient’s have Question 2 Mr. Jones has a right to ask a caregiver Question 3 A patient is responsible for those injuries resulting from Question 4 A patient not only has rights but Question 5 Patients have a right to

4 HSA 525 Education for Service-- snaptutorial.com HSA 525 Week 1 Discussion 1Financial Management For more classes visit www.snaptutorial.com "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.

5 HSA 525 Education for Service-- snaptutorial.com HSA 525 Week 1to11 All Homework, Assignment, DQ For more classes visit www.snaptutorial.com HSA 525 Week 4 Assignment 1 Financial Statement Analysis HSA 525 Week 6 Assignment 2 Using Financial Ratios to Assess Organizational Performance HSA 525 Week 10 Assignment 3 Post-Merger Analysis

6 HSA 525 Education for Service-- snaptutorial.com HSA 525 Week 2 Discussion Inflows and Revenue Management For more classes visit www.snaptutorial.com HSA 525 Week 2 Discussion, “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.

7 HSA 525 Education for Service-- snaptutorial.com HSA 525 Week 2 Homework 1 Ex 4-1, Ex 4-2, Ex 5-1, Ex 5-2 For more classes visit www.snaptutorial.com HSA 525 Week 2 Assignment 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,

8 HSA 525 Education for Service-- snaptutorial.com HSA 525 Week 3 Discussion 1 Cost Control For more classes visit www.snaptutorial.com HSA 525 Week 3 Discussion, “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.

9 HSA 525 Education for Service-- snaptutorial.com HSA 525 Week 3 Homework 2 Ex 6-1, Ex 6-2, Ex 7-1, Ex 7-2 For more classes visit www.snaptutorial.com 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:

10 HSA 525 Education for Service-- snaptutorial.com HSA 525 Week 4 Assignment 1 Financial Statement Analysis For more classes visit www.snaptutorial.com 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.

11 HSA 525 Education for Service-- snaptutorial.com HSA 525 Week 4 Discussion Inventory Analysis and Optimizing Staffing For more classes visit www.snaptutorial.com HSA 525 Week 4 Discussion,”Inventory Analysis and Optimizing Staffing” “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.

12 HSA 525 Education for Service-- snaptutorial.com HSA 525 Week 4 Homework 3 Ex 8-1, Ex 8-2, Ex 8-3, Ex 8-4, Ex 9- 1, Ex 9-2 For more classes visit www.snaptutorial.com 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.

13 HSA 525 Education for Service-- snaptutorial.com HSA 525 Week 5 Discussion Managed Care Contracting and Ratio Analysis For more classes visit www.snaptutorial.com HSA 525 Week 5 Discussion, “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.

14 HSA 525 Education for Service-- snaptutorial.com 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 For more classes visit www.snaptutorial.com 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.

15 HSA 525 Education for Service-- snaptutorial.com HSA 525 Week 6 Assignment 2 Using Financial Ratios to Assess Organizational Performance For more classes visit www.snaptutorial.com 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.

16 HSA 525 Education for Service-- snaptutorial.com HSA 525 Week 6 Discussion Using Ratios as Performance Indicators and Inflation and Health Care Costs For more classes visit www.snaptutorial.com HSA 525 Week 6 Discussion, “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.

17 HSA 525 Education for Service-- snaptutorial.com HSA 525 Week 6 Homework 5 Ex 13-3, 13-4.1, 13-4.2, Ex 14-2, 14- 3 For more classes visit www.snaptutorial.com 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.

18 HSA 525 Education for Service-- snaptutorial.com HSA 525 Week 7 Discussion The Budgeting Process and Capital Investment Decisions For more classes visit www.snaptutorial.com HSA 525 Week 7 Discussion, The Budgeting Process and Capital Investment Decisions” Please respond to the following: Use the Internet or Strayer databases to research information related to the budgeting processes within the various types of health care organizations. Next, determine the most-effective budgeting approach for a hospital, indicating how this approach can lead to effective financial management of the facility. Provide support for your rationale.

19 HSA 525 Education for Service-- snaptutorial.com HSA 525 Week 7 Homework 6 Ex 15-1, 15-2, 15-3, and 15-4, Ex16- 1 For more classes visit www.snaptutorial.com 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.

20 HSA 525 Education for Service-- snaptutorial.com HSA 525 Week 8 Discussion Contract Negotiations and Risks and Operating Margins For more classes visit www.snaptutorial.com HSA 525 Week 8 Discussion, “Contract Negotiations and Risks and Operating Margins” Please respond to the following: In the scenario, the contract negotiations between North Creek Healthcare and the community hospital concluded with an agreement on non-financial (legal) terms. Suggest the most critical element of the contract and the impact to the short-term and long-term operational strategy of a community hospital. Indicate the potential implications to the hospital’s financial targets.

21 HSA 525 Education for Service-- snaptutorial.com HSA 525 Week 8 Homework 7 Ex 17-1, 17-2, 17-3, Ex 18-1, 18-2, 18-3 For more classes visit www.snaptutorial.com Assignment Exercise 17–1: Variance Analysis Greenview Hospital operated at 120% of normal capacity in two of its departments during the year. It operated 120% times 20,000 normal capacity direct labor nursing hours in routine services and it operated 120% times 20,000 normal capacity equipment hours in the laboratory. The lab allocates overhead

22 HSA 525 Education for Service-- snaptutorial.com HSA 525 Week 9 Discussion Leasing Equipment For more classes visit www.snaptutorial.com HSA 525 Week 9 Discussion, “Leasing Equipment” Please respond to the following: Suggest one (1) key economic factor that motivates leasing as an option in acquiring an asset. Explain the potential asymmetries that may exist where leasing may be beneficial to both the lessors and the lessee.

23 HSA 525 Education for Service-- snaptutorial.com HSA 525 Week 9 Homework 8 Ex 20-1, Ex 21-1, 21-2, 21-3 For more classes visit www.snaptutorial.com Assignment Exercise 20–1: Financial Statement Capital Structures Required Find three different financial statements that have varying capital structures. Write a paragraph about each that explains the debt-equity relationship and that computes the percentage of debt and the percentage of equity represented.

24 HSA 525 Education for Service-- snaptutorial.com HSA 525 Week 10 Assignment 3 Post-Merger Analysis For more classes visit www.snaptutorial.com Assignment 3: Post-Merger Analysis Due Week 10 and worth 280 points In today’s uncertain economic and regulatory environment for the health services industry, many organizations may be presented with merger and acquisition opportunities to gain market share and drive financial and operational efficiencies. Given the current state of this market segment: Write a five to six (5-6) page paper in which you:

25 HSA 525 Education for Service-- snaptutorial.com HSA 525 Week 10 DiscussionStrategic Planning and Business Plan For more classes visit www.snaptutorial.com HSA 525 Week 10 Discussion, 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

26 HSA 525 Education for Service-- snaptutorial.com HSA 525 Week 11 Discussion Future Developments and Future of Financial Management For more classes visit www.snaptutorial.com HSA 525 Week 11 Discussion, “Future Developments and Future of Financial Management” Please respond to the following: Reflecting on the various topics discussed throughout the course, describe one (1) concept that will be affected most by the latest developments in health reform. Examine at least two (2) specific changes that you anticipate in the role of the health care financial manager over the next decade.

27 HSA 525 Education for Service-- snaptutorial.com


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