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As a health care manager, daily management tasks include financial management. Financial management includes items such as labor cost, equipment cost, and a budget that controls the operations. Operations requires management planning and control. The budget is created using the basic financial information and accounting principles information that an organization reports in its monthly, quarterly, and annual financial reports. After learning the basics of financial statements, it is very important for a health care manager to understand the basic five areas of performance that set the financial plan for the organization. Define and provide an example of what the following mean: Short-term solvency Activity Financial leverage Profitability Value Define the following terms, and explain why they are important in a health care organization: Current ratio Total asset turnover Debt ratio Profit margins Include a minimum of 2 references. Word count 2000-2500 .

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Week Two Health Care Financial Terms Worksheet HCS/405 Version 6 1Week Two Health Care Financial Terms Worksheet Understanding health care financial terms is a prerequisite for both academic and professional success. This assignment is intended to ensure you understand some of the basic terms used in this course. Complete the worksheet below according to the following guidelines: · In the space provided, write each term’s definition as used in health care management. You must define the term in your own words. · In the space provided after each term’s definition, summarize a health care management scenario that illustrates the importance of the skill, concept, procedure, or tool to which the term refers. In the scenario, you may wish to consider the following: Why the skill, concept, procedure, or tool is necessary for accurate record keeping, operational efficiency, excellent patient services, employee management, regulatory compliance, reducing costs, forecasting, and so forth Successes enabled by an adequate understanding or appropriate application of the skill, concept, procedure, or tool Risks or failures associated with an inadequate understanding or inappropriate application of the skill, concept, procedure, or tool · Note that all written assignments in this course must meet the university's published requirements for attribution (citations and references). Additional information on these requirements can be located in the Student Code of Academic Integrity. Although sources may be implied by the assignment criteria your final assignment must still contain appropriate citations and references. Save the completed worksheet as a Microsoft® Word document with your name in the file name. Submit the file to your instructor. Worksheet Submitted By: [Type your name here.] Term Definition Scenario Balance sheet Statement of revenue and expense Revenue cycle Payer mix Revenue Student discussion must be 200 original words and supported by academic, peer-reviewed references (at least 1). Whenever possible, please try to relate the course content to real-world applications from your work experience. I expect your message to reflect critical thought and an integration of the key themes and concepts from the readings. Baker, J. J., & Baker, R. W. (2014). Health care finance: Basic tools for nonfinancial managers (4th ed.). Sudbury, MA: Jones & Bartlett Publishers. 1. Introduction Financial statements are accounting reports prepared by the health care organization that represent a historical record of finances over a specified time period. These reports are used by investors as the basis for investment. The statements are prepared internally and checked by the company's auditors, the outside accountants used by the organization. What is a balance sheet? Pretend that you go to the bank asking to borrow money; the loan officer insists that you provide a list of your current finances. You write down everything of value, such as your c.

Week Two Health Care Financial Terms WorksheetHCS405 Version .docx

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Introduction The budgeting process is an attempt to establish a set of realistic standards for operating a health care organization. The budget is a set of specific objectives for the year ahead. The finance system provides the cost and revenue data and sometimes assists with other measures. Formulating a budget is the beginning of the process. Every budgeting system must contain provisions for preparing the budget and implementing a system. This system must include coordination, control, follow-up, and maintenance. An effective budget must be tailored to the organization’s specific needs. The budget must be comprehensible and attainable. There should be innovation and flexibility to meet unexpected occurrences. A health care organization’s budget provides a fully detailed description of expected financial transactions, by accounting period, for at least an entire year. The review of future expectations is useful in making smooth progress toward financial goals. The major parts of an annual budget address operational and financial planning needs. The operating budgets are made up of the following: · Expenditure or cost budgets anticipated by reporting period and responsibility center: Costs are often identified as fixed, semi-variable, or variable. Anticipated volumes of demand or output are incorporated into cost budgets. · Revenue budgets reflect the receipt of income from services rendered. Standard gross revenue accounting reports a profit increase to the responsibility center, creating an incentive for productive activity. · Income and expense budgets consist of expected net income and expenses incurred by the organization. · Financial budgets embrace the effects of the organization’s financial decisions. These plans include a budgeted balance sheet that shows the effects of planned operations and capital investments on assets, liabilities, and equities. The plans also include a cash budget that forecasts the flow of cash and other funds in the business. · Cash budget is for cash planning and control, presenting expected cash inflow and outflow for a designated time period. The cash budget helps management keep cash balances in a reasonable relationship to needs. You must know how much cash will flow in and out of the organization. You must also have an idea when these will take place. The cash budget is primarily used to spotlight periods of too little or too much cash rather than for continual control. · Capital budgets are lists of proposed capital expenditures and new or significantly revised programs, with the implications for the operating and cash budgets by period and responsibility center. The capital budgets include all anticipated expenditures for facilities and equipment and for sources of funds. Cost accounting is the process of determining the full and incremental costs of providing services and goods to patients and customers. To determine the full cost of providing a service, you must ensure that all costs are in.

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Managerial accounting is an activity that provides financial and nonfinancial information to an organization's managers and other internal decision makers. This section explains the purpose of managerial accounting (also called management accounting) and compares it with financial accounting. The main purpose of the financial accounting system is to prepare general-purpose financial statements. That information is incomplete for internal decision makers who manage organizations. Purpose of Managerial Accounting C1 Explain the purpose and nature of, and the role of ethics in, managerial accounting. The purpose of both managerial accounting and financial accounting is providing useful information to decision makers. They do this by collecting, managing, and reporting information in demand by their users. Both areas of accounting also share the common practice of reporting monetary information, although managerial accounting usually includes the reporting of more nonmonetary information. They even report some of the same information. For instance, a company's financial statements contain information useful for both its managers (insiders) and other persons interested in the company (outsiders). Point: Nonfinancial information, also called nonmonetary information, includes customer and employee satisfaction data, the percentage of on-time deliveries, and product defect rates. The remainder of this book looks carefully at managerial accounting information, how to gather it, and how managers use it. We consider the concepts and procedures used to determine the costs of products and services as well as topics such as budgeting, break-even analysis, product costing, profit planning, and cost analysis. Information about the costs of products and services is important for many decisions that managers make. These decisions include predicting the future costs of a product or service. Predicted costs are used in product pricing, profitability analysis, and in deciding whether to make or buy a product or component. More generally, much of managerial accounting involves gathering information about costs for planning and control decisions. Point: Costs are important to managers because they impact both the financial position and profitability of a business. Managerial accounting assists in analysis, planning, and control of costs. Planning is the process of setting goals and making plans to achieve them. Companies formulate long-term strategic plans that usually span a 5- to 10-year horizon and then refine them with medium-term and short-term plans. Strategic plans usually set a firm's long-term direction by developing a road map based on opportunities such as new products, new markets, and capital investments. A strategic plan's goals and objectives are broadly defined given its long-term orientation. Medium- and short-term plans are more operational in nature. They translate the strategic plan into actions. These plans are more concrete and consist of bett ...

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Cash-basis and Accrual Accounting The practice of reporting financial information as a function in today’s operation of a medical practice is particularly important due to intense demands for fiscal acuity. Therefore, it's important to understand the difference between cash and accrual accounting. What is the difference between cash-basis accounting and accrual accounting? How does each method affect the financial statements? Financial Statements and their Use A healthcare organization’s financial statements provide various financial information that key stakeholders (investors, vendors, financial institutions, employees, etc.) use to evaluate an entity’s financial performance. Financial statements are also important to an organization’s managers because by publishing financial statements, management can communicate with interested outside parties about its accomplishment running the organization. Different financial statements focus on different areas of financial performances. What are the four basic financial statements and what does each report tell the healthcare manager? ...

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Student discussion must be 200 original words and supported by academic, peer-reviewed references (at least 1). Whenever possible, please try to relate the course content to real-world applications from your work experience. I expect your message to reflect critical thought and an integration of the key themes and concepts from the readings. Baker, J. J., & Baker, R. W. (2014). Health care finance: Basic tools for nonfinancial managers (4th ed.). Sudbury, MA: Jones & Bartlett Publishers. 1. Introduction Financial statements are accounting reports prepared by the health care organization that represent a historical record of finances over a specified time period. These reports are used by investors as the basis for investment. The statements are prepared internally and checked by the company's auditors, the outside accountants used by the organization. What is a balance sheet? Pretend that you go to the bank asking to borrow money; the loan officer insists that you provide a list of your current finances. You write down everything of value, such as your checking and savings accounts, investments, house, and cars. You also write down your current debt, such as mortgage, car payments, and student loans. Next, subtract everything you owe from what you own. Now you have a figure called net worth. At the end of this process, you have created a balance sheet. Health care entities do the same thing to evaluate their credit worthiness. Companies typically create a balance sheet for a specific time period at the end of a year. The balance sheet shows the value of the items the company owns, the amount of debt, how much inventory is on hand, and how much money the company has to work with on a short-term basis. The income statement is a financial summary that shows the operating results of a company over a specified period of time, usually one year. The statement shows a company’s revenues, costs and expenses, and profits, which are obtained by subtracting all costs, expenses, and taxes from revenues. The statement of cash flow details the exchange of cash between an organization and the outside world. The cash flow statement has to reconcile the net effect of these flows with the difference in its cash holdings at the beginning and end dates of the reporting period. In health care, most revenue is earned from services rendered to patients. The organization receives payment after services are delivered. The payments come from various sources, including governmental sources such as Medicare and Medicaid or managed care sources. In managing a health care organization’s finances, the financial manager also must manage the organization’s expenses. Many expenses derive from salaries, payroll taxes, utilities, and so forth. The statement of revenue and expenses is the financial report that summarizes the revenue and expense transactions. The government programs are one source of revenue in health care organizations. These use a prospective payment system, i.

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Response 1: Part 1 Memo: Understanding Similarities and Differences between Financial and Managerial Accounting Attention : Susan Thompson Susan- In an effort to get you up to speed on our expectations, I wanted to provide some details on the differences you can expect to see between managerial and financial accounting and provide you some examples from both areas. Financial accounting is the backbone of the day-to-day functions of accounting. From payables, to receivables to collections, this area ensures all of the outstanding bills and debts are paid so the organization can operate. The details received from the day to day management of financial accounting are provided to stakeholders’, creditors, vendors and management to ensure the organization is being forthcoming and so management can use the data to further the position of the company(MUSE: Financial and Managerial Accounting). Reports provided within financial accounting include the following: Income Statement Statement of Owners Equity Balance Sheet Cash Flow Statement Each of these documents is used by managerial accounting team members to help make decisions about the future of the organization. Managerial accounting is optional. This is a team of managers who are trying to plan for future business and need to understand the ebbs and flows of the business itself and how any of the business segments or areas can function more productivity. One thing to note is that Financial Accounting is handled by external persons who try to ensure the strength of financial decisions whereas Managerial Accounting is managed by internal managers responsible for the success of the organizations. Financial Accounting Reporting for the IRS is mandatory and GAAP accounting rules must be adhered too. Managerial Accounting has no set rules nor are they bound to any oversight group and are not required to provide any sort of mandatory reporting. Additional reports used to analyze the health of an organization are horizontal and vertical analyzes. Horizontal analysis is where we take a series of reports year over year and try to determine what trends were in assets, equity, cash flow, etc. Using these reports allows the management team to better understand the business and what could be coming in the future. Vertical analysis is where we analyze financial statements based on entries for assets, accounts, liabilities and equities. We review each of these as a proportion of the total account and try to understand what led to any inconsistencies. If you need any further clarification regarding these concepts, reporting or analysis, please reach out to me directly. Thank You Part 2 Attn: Board of Directors MEMO In an effort to help our team better understand how we can use our current and previous accounting information to help plan and control for future business, I have broken down details on four key financial reports we receive regularly. These reports include the income sta ...

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As a way of experiencing the Humanities beyond your classroom, compu.docx

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As Agreed Hello, I have a business law assignment (LPP225) due later in the day tomorrow (2/23), so I would need this completed by 12noon tomorrow. I am willing to pay a good amount of money to get it completed with a grade of B- or above. Length requirement is 4-5 pages double spaced. Please let me know ASAP if you can help me. LPP 255 (Spring 2016) Writing Assignment 1 Professor Karen Kukla Homeless Hounds is a New York not-for-profit charitable corporation that places rescue and shelter dogs in loving homes. The organization grew out of its founder’s desire to save dogs destined for euthanasia in Southern shelters. Operating out of a single location in Oneida County, HH arranges for the transport of dogs from North Carolina and Tennessee to New York. Prior to their arrival, the dogs are given vaccinations, spayed or neutered and tested for heartworm disease. Behavioral tests are occasionally performed, but are rarely documented. Once in New York, the dogs are advertised for adoption via the HH website and its Facebook page. Adoptions cannot be finalized on-line, although applications can be completed and transmitted through the website, which also accepts donations via PayPal. Kimberly Stevens is a New Hampshire resident with a four year old son who regularly checked the HH website and followed the organization on Facebook. Kimberly was an animal lover who had become intrigued by the HH business model; she had also made a couple of small donations to the charity via its website. One morning, as Kimberly viewed the list of new adoptable dogs on the HH homepage, she saw a beagle named Buddy and immediately fell in love. Kimberly clicked on the “Adoption Application” button and proceeded to fill out the on-line form, which she then transmitted to HH electronically. Several days later, Kimberly was notified via email that her application had been approved. She was instructed to contact HH and make arrangements to meet Buddy. If all went well, she would be free to take him back to Pennsylvania. Thrilled about the prospect of a new family member, Kimberly and her son made the four hour drive from their home to Oneida County the following Saturday. They met Buddy, who greeted them with a wagging tail and lots of excitement. Kimberly asked one of the rescue’s volunteers about Buddy’s temperament and disposition. She was told Buddy was a great dog and that “he got along well with children.” And the HH volunteer also said she would not hesitate “to leave Buddy alone with her own toddler.” Satisfied that she had picked the perfect dog, Kimberly paid the $300 adoption fee, put a new collar on Buddy and proceeded to secure him and her son in the car for the drive back to New Hampshire. All was wonderful when Buddy arrived at his new home. Kimberly was happy to learn that Buddy was housebroken. He adjusted well to his new environment, rarely barked and seemed to really enjoy playing with Kimberly’s son. Early one morning, Kimberly decided to leave Bud.

As AgreedHello, I have a business law assignment (LPP225) due la.docx

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As a newly appointed network administrator, you have been requested to provide a presentation that will be shown to all employees to stress the importance of securing the organization's data against external threats. Using the library, the Internet, and any other materials, prepare a PowerPoint presentation that outlines the following items: • Slides 1–2 : ? Identify and outline the function of digital certificates. • Slides 3–4 : ? Explain the concepts of encrypting data and securing e-mail transmissions. • Slides 4–6 : Explain what is meant by social engineering and the methods that must be taken to secure against these types of attempted attacks. Proper presentation design techniques must be used, as well as notes on each slide to expand on what will be covered during the live presentation. Include in class brief presentation about the project (20% of the grade) .

As a newly appointed network administrator, you have been requested .docx

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As a hopeful, future early childhood educator I would like to embrace and practice each of the NAEYC’s Core Values because I think they are all important in becoming an effective teacher for our future learners. But since I only have to choose four I would have to select the following: appreciate childhood as a unique and valuable stage of the human life cycle; respect the dignity, worth, and uniqueness of each individual (child, family member, and colleague); respect diversity in children, families, and colleagues; and recognize that children and adults achieve their full potential in the context of relationships that are based on trust and respect. Core Value #1 – Appreciate childhood as a unique and valuable stage of the human life cycle In order to implement this particular core value I would first like to practice teaching each child the importance of social practices and ways of showing their true emotions but also remembering that they are children and that it’s okay to act as such. And the one activity that I believe I would put into effect is making sure children participated in play-based activities each day in my classroom. I want to make sure the children know that they are going through a very important stage in their life. Core Value #2 – Respect the dignity, worth, and uniqueness of each individual (child, family member, and colleague) To successfully practice this specific core value I would make it my mission in learning about each individual that came in and out of my classroom; including the children’s family members and my colleagues because by getting to know one another we learn about different features within different cultures or religions and this could be a very important learning process for young children. One way of doing so is to employ a show and tell where each child could bring in something that maybe they wear differently or an object that displays how they celebrate the common holidays within their culture differently. Core Value #3 – Respect diversity in children, families, and colleagues This is another important value to carry out inside of your classroom, I feel that it goes hand in hand with the core value above. Because I believe it is very important that we, as future early childhood educators, teach the students in our future classrooms to never just look at the color of someone else’s skin or look at another individuals religious beliefs as wrong just because they are different. If I asked myself, do I have an array of different colored materials such as paint, paper, play dough, crayons, or markers, would I be able to say yes? I would like to be able to say yes, so to reflect on the variety of skin tones, eye color, and hair color within society. Core Value #4 – Recognize that children and adults achieve their full potential in the context of relationships that are based on trust and respect Getting someone to trust you and feel respected by you is one of the most important aspects an individual ca.

As a hopeful, future early childhood educator I would like to embrac.docx

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As a Health Information Management Services Manager or HIPAA Security Officer, you are responsible for having policies and procedures in place regarding the security of protected information stored in the Electronic Health Record (EHR). These are essential to electronic health record integrity, confidentiality, and appropriate access. Mechanisms should be in place, including physical and personnel security measures, risk prevention, and monitoring of the EHR system's security. For this assignment, your goal is to design a policy and procedure for the security and monitoring of Protected Health Information (PHI) in your organization's EHR. Use information from the readings to compose the policy and procedure (P&P). Click on the sample policy attached below for the formatting you should follow. At a minimum, include the following categories: Safeguarding Access (physical and personnel security measures) Risk Assessment Monitoring (frequency and method of assessment) Your assignment should be 2 pages in length. Be sure to follow the formatting used in the sample provided above .

As a Health Information Management Services Manager or HIPAA Securit.docx

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As a graduate student, you will be expected to apply APA Style to academic papers and other forms of writing. This exercise allows you to apply APA Style to both in-text citations and also reference citations. Use the following passage (3 paragraphs) and its list of resources to practice inserting in-text citations and constructing properly formatted reference citations. The sample passage contains direct quotations, paraphrases, and summaries. Insert the in-text citations where they are required. Be sure to include the appropriate information for each type of in-text citation. Finally, convert the source information below the passage into properly formatted APA Style reference citations. Include a title page with the proper APA Style formatted information as you did with your essay in Unit I. Then, the passage should appear on the second page of your document. Be sure the font style is set to Times New Roman, size 12, and double-space the passage. Next, insert the correct in-text citations based on the resources list below. Finally, on the last page (a new page) of your document, center the word ‘References’ and format the sources in the form of APA Style reference citations. Be sure to also double-space your reference citations and use a hanging indent. Click here for a formatted template to help you get started on the assignment. Here is the passage: Two key advantages of online learning are flexibility and convenience. But online learning is a lot more challenging than it may seem. So, what makes a successful online learner? First, the online learner must make sure he or she is ready to succeed. Online learning can sound so perfect that some students start with an unrealistic vision. In reality, online courses require just as much, if not more, time and energy as traditional classroom courses. Taking an online course also requires one to have specific computer skills and learning strategies in order to succeed. Dyer believes the most successful students are both efficient at managing their time and also self-motivated. Particularly in the graduate school setting, many students have a lot of things on their plate other than college— a part-time (or full-time) job, a few kids to take care of, or any number of responsibilities. In their book, Professors' Guide: Secrets of College Success , Jacobs and Hyman suggest to students "to divide up your week, and your day, into different and nonoverlapping time." For example, if an online learner works at a job during the day, then the online learner will want to schedule study time in the evenings. If on Tuesday and Thursday the online learner’s child has soccer practice in the evening, the online learner will not be able to write much of his or her paper on those two days. "The key to success when you have multiple commitments is compartmentalization: keeping each activity separate, and not letting one zone bleed into another." In their study on Predictors for Student Succ.

As a graduate student, you will be expected to apply APA Style t.docx

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Artwork Review Answer all three of the following questions per work of art shown below. You should reference your book to aid you in answering these questions. Answers should be in essay format, be a minimum of three-five sentences each, and include at least three terms from the glossary for each work. “Painting” Who is the artist? Francis Bacon Which event does this respond to and what statement does it make? What may have inspired the image of the male figure? “Flowers on Body” Who is the artist? Ana Mendieta What issues did this artist address in her work? What series does this particular image belong to? What themes does this image address? “Backs” Who is the Artist? Magdalena Abakanowicz What materials did the artist use in her works? How is this representative of her work? What do the forms suggest in this work? .

Artwork ReviewAnswer all three of the following questions pe.docx

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