essential of health care finance

Project Description:

laws and regulations are widespread. some government estimates indicate that healthcare fraud and abuse accounts for an estimated 10 percent of total federal healthcare spending in the us. consequently, the federal and state government interest in combating fraudulent and abusive practices is now widespread. it is incumbent on today’s financial manager to have an understanding of the risks that noncompliance can pose. this learning plan also covers the major areas of federal rules and regulations that affect the delivery of health care services as well as price setting, managed-care contracts, and fee schedules.

learning activities

how do you think a healthcare facility prices its services?
read/review chapters 4, 5, 6, and 7.
review the chapter 4, 5, 6 and 7 powerpoint.
outline the key points from the reading task. complete the chapter review questions at the end of each chapter.
search the internet for information on hipaa and stark ii laws.
participate in discussion 3: fraud, abuse, and penalties.
tasks

complete the lp3.1 written task: health plans.
complete the lp3.2 financial task: price setting problems.
copyright © 2007 - 2014. all rights reserved. dlorah, inc.
no copyright is claimed in any works of the u.s. government, in material presented in the textbook and supplements
to the textbook utilized in this course, or in other works in which a valid copyright is held by other persons or entities.learning plan 4
tasks
lp4.1 written task: financial report information
this task will assess the competency 3. analyze the basics of accounting and financial statement interpretation.
directions:
in a minimum of 2-3 full pages answer the questions provided below.
• please answer the questions in a double-spaced word document.
• include a title page, your name, instructor, course, date, and learning plan task [learning plan 4].
• remember to cite references.
1. define the difference between financial and managerial accounting.
2. describe the components of a balance sheet.
3. describe how financial report information can be used by a manager.
4. outline the major sources of revenue and expenses of a medical group.
submit this task to your instructor via the dropbox “lp4.1 task: financial report information.” this task is worth 30 points.
scoring guide (30 points)
rating scale
10-9 work meets or exceeds criterion at a high level of competence.
8 work reflects an understanding of criterion with minor misunderstandings/misconceptions.
7 criterion partially met, but one or more important concepts/skills are missing or flawed.
6 work reflects an attempt to meet criterion, but significant misunderstandings/misconceptions are apparent.
5-0 criterion not met or work is absent.

criteria
1. student defined the difference between financial and managerial accounting.
2. student described the components of a balance sheet.
3. student described how financial report information can be used by a manager. student outlined the major sources of revenue and expenses of a medical group.
lp4.2 financial task: sunshine county hospital problems
this task will assess the competency 3. analyze the basics of accounting and financial statement interpretation.
directions:
please use a cover page including your name, date, instructor, and course.
using the statement of operations and balance sheet of sunshine county hospital solve the problems listed below in a word document. be sure to show your work.
provide the answers to the following question by using the formulas provided.
1. what is sunshine county hospital’s operating margin?
operating income/total revenue
operating income = excess of total revenue – total expenses
total revenue = net patient service revenue + other revenue
2. what is sunshine county hospital’s days in accounts receivable?
net patient receivables/average daily revenue
net patient receivables = ?
net patient revenues = ?
average daily revenue = net patient revenue/365
3. what is sunshine county hospital’s long-term debt to net assets ratio?
notes payable/net assets (equity)
notes payable = long term debt = ?
net assets = ?
ltd/net asset ratio = ?
long term debt to net assets % = ?
4. what is sunshine county hospital’s fixed asset turnover ratio?
total revenue/net plant & equipment
total revenue = ?
net plant & equipment = gross properties & equipment = $900,000 less accumulated depreciation of $475,000
net plant & equipment = ?
fixed asset turnover ratio: ?
5. what is sunshine county hospital’s days of cash on hand?
unrestricted cash & investment/((total expenses-depreciation)/365)
unrestricted cash & investments = ?
total expenses = ?
depreciation expense = ?
fixed asset turnover ratio: ?
submit this task to your instructor via the dropbox “lp4.2 financial task: sunshine county hospital problems.” this task is worth 40 points.
scoring guide (40 points)
rating scale
10-9 work meets or exceeds criterion at a high level of competence.
8 work reflects an understanding of criterion with minor misunderstandings/misconceptions.
7 criterion partially met, but one or more important concepts/skills are missing or flawed.
6 work reflects an attempt to meet criterion, but significant misunderstandings/misconceptions are apparent.
5-0 criterion not met or work is absent.

criteria
1. student calculated sunshine county hospital’s operating margin and sunshine county hospital’s days in accounts receivable.
2. student calculated sunshine county hospital’s long-term debt to net assets ratio and sunshine county hospital’s fixed asset turnover ratio.
Skills Required:
Project Stats:

Price Type: Negotiable

Expired
Total Proposals: 17
1 Current viewersl
30 Total views
Project posted by:

Proposals

Proposals Reputation Price offered
  • 4.8
    290 Jobs 208 Reviews
    $0 in 0 Day
  • 4.8
    405 Jobs 247 Reviews
    $0 in 0 Day
  • 4.0
    72 Jobs 31 Reviews
    $0 in 0 Day
  • 4.6
    647 Jobs 468 Reviews
    $0 in 0 Day
  • 4.7
    48 Jobs 26 Reviews
    $20 in 0 Day
  • 4.9
    69 Jobs 54 Reviews
    $0 in 0 Day
  • 4.4
    86 Jobs 65 Reviews
    $0 in 0 Day
  • 4.9
    1985 Jobs 1016 Reviews
    $58 in 0 Day
  • 3.8
    30 Jobs 19 Reviews
    $0 in 0 Day
  • 4.9
    95 Jobs 45 Reviews
    $0 in 0 Day