Complete the University Material: 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.

1. HCS 577 Week 1 Individual Assignment Financial
Environments Worksheet
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Complete the University Material: 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.
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HCS 577 Week 2 Individual Assignment
Comparative Summary
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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?
· Explain why effective financial management is more difficult in
health care than in other industries.
Format your assignment consistent with APA guidelines.

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HCS 577 Week 3 Individual Assignment Financial
Data Analysis
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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.
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

3. · 2009 financial data
· 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
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HCS 577 Week 4 Learning Team Assignment
Financial Plan and Presentation
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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.
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.

4. · 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.
· 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.
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HCS 577 Week 5 Individual Assignment Health
Care Budget
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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.

5. Assume the 2009 projections were realized.
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.
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HCS 577 Week 6 Learning Team Assignment
Health Care Business Analysis
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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.
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.

6. 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.
· 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.
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