1. UOP HCS 577 Week 1 Individual Assignment
Financial Environments Worksheet NEW
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Financial Environments Worksheet.
• Identify three examples of entities with for-
profit, not-for-profit, and government financial
environments in the health care industry.
• Compare the similarities and differences
between the for-profit, not-for-profit, and
government financial environments.
2. UOP HCS 577 Week 2 Individual Assignment
Comparative Summary NEW
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Identify one entity from each health care financial
environment identified in the Financial
Environments Worksheet.
Write a 1,050- to 1,400-word summary comparing
the financial environments of these three entities.
Address the following for each environment:
• Describe the financial structure.
• Which policies are unique to the financial
environment?
• Which financial management practices are
prevalent in the financial environment?
3. • Explain why effective financial management is
more difficult in health care than in other
industries.
Format your assignment consistent with APA
guidelines.
4. UOP HCS 577 Week 3 Individual Assignment
Financial Data Analysis NEW
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Financial information may have significant
differences from one year to the next. Review the
financial statements for Patton-Fuller Hospital for
2008 and 2009, as well as the narrative
information from the Annual Report.
Resources: Financial Statements under Chief
Financial Officer in the Patton-Fuller Hospital
Virtual Organization, Financial Data Analysis
Grading Criteria located on your student website
Select Downloads from the Financial Statements
tab under the Chief Financial Officer link in the
Patton-Fuller Community Hospital Virtual
Organization on your student website.
5. Download the Microsoft® Excel® versions of the
2009–2008 Balance Sheet (Audited) and 2009–
2008 Statement of Revenue and Expense
(Audited).
Write a 700- to 1,050-word analysis of the audited
financial statements of Patton-Fuller Hospital for
2008 and 2009.
Include in your analysis:
• Balance Sheet in a Microsoft® Excel® document
including columns for the following:
• 2008 financial data
• 2009 financial data
• The amount of change in dollars
• The percent change
• Statement of Revenue and Expenses in a
Microsoft® Excel® document including columns
for the following:
• 2008 financial data
• 2009 financial data
6. • The amount of change in dollars
• The percent change
• Identify significant changes between the years.
• Provide possible explanations for the change
based on information in the Annual Report.
Submit the Microsoft® Excel® worksheets with
the written analysis.
Format your assignment consistent with APA
guidelines.
Note. Word count does not include the Balance
Sheet or Statement of Revenue and Expenses
7. UOP HCS 577 Week 4 Learning Team Assignment
Financial Plan and Presentation NEW
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Resources: Budgets and Financial Statements
under Chief Financial Officer in the Patton-Fuller
Community Hospital Virtual Organization,
University of Phoenix Material: 2010 Operating
Budget Projection located on your student
website, Financial Plan and Presentation Grading
Criteria located on your student website
Develop a financial plan for Patton-Fuller
Community Hospital for the upcoming year using
the 2010 Operating Budget Assumptions memo
and the 2009 Operating Budget in the Patton-
Fuller Community Hospital Virtual Organization.
8. Create a 10- to 12-slide Microsoft ® PowerPoint®
presentation in which you address the following:
• Identify the GAAP used to create the financial
plan.
• Identify the financial statements used to develop
the financial plan.
• Describe the payment systems and participants
that contribute to the hospital revenue.
• Describe revenue trends that affect the hospital.
Address the following in the speaker notes:
• Explain the relevance of each GAAP to the
financial plan.
• Discuss the value of each financial statement
identified to your decision-making process in the
financial plan.
• Describe the relationship of the financial
statements used in the financial plan.
• Describe each payment system and its effect on
financial planning.
9. • Clarify the financial contribution of each
participant and the effect of each as a source of
revenue.
Format your assignment consistent with APA
guidelines.
Submit the financial plan and presentation.
10. UOP HCS 577 Week 5 Individual Assignment
Health Care Budget NEW
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Note. You will use this assignment as a basis for
your Learning Team assignment due in Week Six.
Resources: Budgets under Chief Financial Officer
in the Patton-Fuller Community Hospital Virtual
Organization, University of Phoenix Material: 2010
Operating Budget Projection, Health Care Budget
Grading Criteria located on your student website
Review the 2009 Operating Budget Projections
and the assumptions following the projected
numbers in the Budgets tab under Chief Financial
Officers in the Patton-Fuller Community Hospital
Virtual Organization on the student website.
Assume the 2009 projections were realized.
11. Use the University Material: 2010 Operating
Budget Projections.
Develop a budget for Patton-Fuller Community
Hospital based on the 2009 Operating Budget and
the 2010 Operating Budget Assumptions.
Write a 700- to 1,050-word paper in which you do
the following:
• Discuss which financial management practices
are most effective in creating and monitoring an
operating budget.
• Discuss which financial management practices
are least effective in creating and monitoring an
operating budget.
Format your assignment consistent with APA
guidelines.
Submit your 2010 Operating Budget Projection
with your paper.
12. UOP HCS 577 Week 6 Learning Team Assignment
Health Care Business Analysis NEW
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Resources: Budgets under Chief Financial Officer
in the Patton-Fuller Community Hospital Virtual
Organization, the Health Care Budget assignment
from Week Five, and the Health Care Business
Analysis Grading Criteria located on your student
website
Provide your Week Five Health Care Budget
assignment to your Learning Team.
Choose which team member’s budget assignment
you will use as a starting point.
13. Review the 2009 Budget Issues - Nurses in the
Patton-Fuller Community Hospital Virtual
Organization. This can be found on the Chief
Financial Officer's web page under Special
Projects.
Decide which of the two highlighted options on the
Nursing Statistics memo of the 2009 Budget Issues
– Nurses you will implement.
Discuss, as a team, the decision-making process in
creating a budget.
Create a new 2010 Operating Budget Projection
based on your labor decision from the Nursing
Statistics memo.
Create a 15- to 20-slide Microsoft® PowerPoint®
presentation with detailed speaker notes in which
you do the following:
• Present your 2010 Operating Budget Projection.
Include an introduction in which you do the
following:
• Differentiate between managerial accounting
and financial management.
14. • Explain generally accepted accounting principles
applied to the health care industry and how they
are applied to your Operating Budget Projection.
• Justify your decision. Include numbers from the
organization to support your analysis, such as
numbers related to accounting principals, fiscal
management, the balance sheet, and so on.
• Analyze the effect of your decision on the
operating budget.
• What is the opportunity cost of your decision?
• How does budget performance affect patient care
and employee satisfaction?
• How are finance and accounting related to an
operating budget?
• Explain the role of cost measurement in
maintaining the operating and capital budgets via
variance analysis.
