Simulation Review HCS / 405 Midnight Fultz- Student David Catoe- Instructor November 11‚ 2014 The Elijah Heart Center needs to make changes on cost-cutting‚ funding options for equipment‚ and funding options for capital expansion. Doing this simulation review it will show just how to go about making these changes to save money. I will explain as to why I choose what I did in this paper. The cost-cutting options I choose were changing the skill max and reducing agency staff. The reason
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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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contains HCS 440 Week 4 Individual - Economic Issues Simulation Paper General Questions - General General Questions Review the Health Care Economics Issues HMO Simulation exercise posted on your student web page. Follow the Wk 4 WEB LINK “Understanding Economic Issues for HMO’s”. This exercise is for your learning experience only. Do not post any screen short from the exercise as part of your assignment. Economic Issues Simulation Paper Prepare a 1‚050- to ‚1400 paper in which
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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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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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Economics Issues Simulation Paper HCS/440 – Economics: The Financing of Health Care August 15‚ 2011 Ms Kathie Iaconetti Economic Issues Simulation The purpose of a managed care organization is to coordinate the costs and delivery of health care. A managed care organization oversees money spent on labor‚ technology‚ and facilities such as physician offices and hospitals. A type of managed care organization is a Health Maintenance Organization (HMO). A HMO “provides medical care for all its
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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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Financial Statements Review Health Care Financial Accounting-HCS/405 May 4‚ 2015 Facilitator Introduction It is essential in any business‚ not just health care to understand how finances directly affect the growth‚ success and longevity of the business and all its parts. To truly understand how finance affects business it is important to gain knowledge and understanding of how the business generate revenue ‚the cash flow of money that comes into the business‚ how bills are paid and money leaves
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Health Care Financial Accounting HCS/405 January 28‚ 2013 Diana Schilling Health Care Financial Accounting In the United States‚ organizations are financially accessible because of many years of financing cuts‚ reductions in Medicare payments imposed by Balanced Act of 1997‚ decreases in Medicaid reimbursements‚ and the lowering stresses of controlled care (University of Phoenix‚ 2013). Organizations and other health care facilities should organize cautiously when the situation comes to
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Simulation Review Angel Falcione Mark Williams January 19‚ 2015 Simulation Review Introduction In this paper I will discuss the financial accounting decisions made while participating in the simulation review at The Elijah Heart Center Hospital. According to financial indicators of the simulation‚ the best choices need to be made in the areas of capital shortage‚ purchasing new medical equipment‚ and funding options for capital expansion. I will also include a summary and conclusion that discusses
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