Week 2 discussion questions What are the largest expense categories incurred by health care service organizations? In opinion‚ one of the biggest expenses for medical facilities is unpaid services. Costs occurred from patients that are unpaid privately or not fully reimbursed from insurance companies would be one of the biggest expenses incurred in health care services. Another expense that is high on the list of expenses for health care services would be equipment and personnel
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Week 4 Individual Assignment | Simulation Review Paper | HCS/405 Health Care Financial Accounting | My strategy will consist of three phases. These phases include: capital shortage‚ funding options for equipment acquisition and funding options for capital expansion. During these three phases I will observe the necessary financial statements and documents. From this information I will analyze the information and decide the best strategy for improvements. I will not only focus on
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Reporting Practices and Ethics Paper HCS/405 November 23‚ 2011 Reporting Practices and Ethics Paper This paper discusses the elements of financial management that is important to the healthcare organizations‚ generally accepted accounting principles‚ and a summary of the articles related to healthcare financial management. Elements of Financial Management There are four different elements used in financial management. These elements include: planning‚ controlling‚ organizing and directing
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Reporting Practices and Ethics Paper Mary Kaiser HCS/405 Health Care Financial Accounting July 7‚ 2014 David Albalat Reporting Practices and Ethics Paper Introduction In this paper‚ we will discuss the financial reporting aspects of accounting and what ethical standards are being met by the health care industry. Our discussion leads us to the four fundaments accounting principles‚ the generally accepted accounting principles‚ and the financial ethics of accounting and the code of ethical
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A term that means the assigning of staff to fill scheduled positions. Correct answer: Staffing A budget that generally deals with actual short term revenues and expenses necessary to operate the facility. Correct answer: Operating budget The proportion of revenues realized from different types of payers. A measure often included in the profile of a healthcare organization. Correct answer: Payer mix Making choices among available alternatives. Correct
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2008 Ratio (unaudited) 2009 Ratio (unaudited) 2008 Ratio (audited) 2009 Ratio (audited) Current Ratio Current Ratio Current Ratio Current Ratio $130‚026 Assets $8‚380 Liabilities 15.52 to 1 $128‚867 Assets $23‚807 Liabilities 5.41 to 1 $130‚026 Assets $8‚380 Liabilities 15.52 to 1 $128‚867 Assets $ 23‚807 Liabilities 5.37 to 1 Quick Ratio Quick Ratio Quick Ratio Quick Ratio $41‚851 $37‚666 $79‚517 / $8‚380 9.49 to 1 $22‚995 $59‚787 $82‚782 / $23‚807
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Running head: NETWORKING PROJECT Patton-Fuller Community Hospital Networking Project Jarandalee Adorno CMGT/554 IT Infrastructure September 27‚ 2010 Dean McIntyre Patton-Fuller Community Hospital Networking Project Patton-Fuller Community Hospital is known for specializing in surgery‚ medical care‚ physical therapy‚ radiology‚ pharmacy‚ labor‚ and delivery. Patton-Fuller Community Hospital has been in business since 1975. The hospital’s main focus is to provide quality medical care to
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Reporting Practices and Ethics Deanna L. Thomas HCS 405 March 8‚ 2015 David Albalat Reporting Practices and Ethics The four elements of financial management are planning‚ controlling‚ organizing and directing‚ and decision making. These four elements will be defined and explained in this paper. Also emphasized will be the accepted accounting principles and the general financial ethical standards. Examples of ethical standards of conduct and financial reporting practices will be explored and
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Article Review Kameasha Slaughter HCS/212 December 16‚ 2013 Ms. Lisa A. Williams Article Review While reviewing the article Health Care Technology Today by Authors Hargrove L‚ Simon AM‚ Young AJ.‚ Martinez-Perez B‚ De Le Torre-Diez I‚ and Lopez-Coronado M. The writer was able to gain knowledge on advances and proposals in health care technology. The advances in prosthetic limbs‚ blood pressure and heart-rate monitoring‚ Health sensors and the applications. Being that the writer has been
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material for the brewery‚ as price of raw material fluctuate constantly. Fullers can get more advantage by utilizing the local raw material as much as possible. Secondly‚ the rising trend of health conscious lifestyle adopted among the drinkers might lose the customers in the long run. As Fullers operates in niche market‚ so there won’t be a massive loss‚ but after a longer period‚ there might be noticeable decrease in sales. As Fuller also operates in its hotel chains‚ so will not be affected much by
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