This document contains 20 multiple choice questions related to health services administration. It covers topics like pharmaceutical committees, blood transfusion committees, malpractice liability, duty to warn patients, informed consent, medical records documentation, and nursing practice acts. The questions assess understanding of key concepts, laws, and policies within the healthcare administration field.
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HSA 520 Final Exam Part 1
Question 1
Computational functions support:
Question 2
An information-inquiring culture has transparent:
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Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
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Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
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Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
Question 2This committee develops blood usage policies and procedures. It is responsible for monitoring
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Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
Question 2This committee develops blood usage policies and procedures. It is responsible for monitoring transfusion services and reviewing indications for transfusions, blood ordering practices, each transfusion episode, and transfusion reactions. The committee reports its findings and recommendations to the medical staff executive committee.
For more course tutorials visit
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Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
Question 2This committee develops blood usage policies and procedures. It is responsible for monitoring transfusion services and reviewing indications for transfusions, blood ordering practices, each transfusion episode, and transfusion reactions. The committee reports its findings and recommendations to the medical staff executive committee.
For more classes visit
www.snaptutorial.com
HSA 520 Final Exam Part 1
Question 1
Computational functions support:
Question 2
An information-inquiring culture has transparent:
HSA 525 RANK Education Your Life / hsa525rank.comkopiko6
FOR MORE CLASSES VISIT
www.hsa525rank.com
Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
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Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
For more classes visit
www.snaptutorial.com
Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
Question 2This committee develops blood usage policies and procedures. It is responsible for monitoring
For more course tutorials visit
www.tutorialrank.com
Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
Question 2This committee develops blood usage policies and procedures. It is responsible for monitoring transfusion services and reviewing indications for transfusions, blood ordering practices, each transfusion episode, and transfusion reactions. The committee reports its findings and recommendations to the medical staff executive committee.
For more course tutorials visit
www.newtonhelp.com
Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
Question 2This committee develops blood usage policies and procedures. It is responsible for monitoring transfusion services and reviewing indications for transfusions, blood ordering practices, each transfusion episode, and transfusion reactions. The committee reports its findings and recommendations to the medical staff executive committee.
For more classes visit
www.snaptutorial.com
Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
Question 2This committee develops blood usage policies and procedures. It is responsible for monitoring transfusion services and reviewing indications for transfusions, blood ordering practices, each transfusion
HSA 525 RANK Education for Service--hsa525rank.comclaric34
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Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
Question 2This committee develops blood usage policies and procedures. It is responsible for monitoring transfusion services and reviewing indications for transfusions, blood ordering practices, each transfusion episode, and transfusion reactions. The committee reports its findings and recommendations
For more course tutorials visit
www.newtonhelp.com
Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
Question 2This committee develops blood usage policies and procedures. It is responsible for monitoring transfusion services and reviewing indications for transfusions, blood ordering practices, each transfusion episode, and transfusion reactions. The committee reports its findings and recommendations to the medical staff executive committee.
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Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
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Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
The survey, represents more than 500 participants ranging from 100 to more than 10,000 employees, gathers information on benefit plan designs and costs, eligibility, and health benefits strategy.
Acting as a roadmap through the changes in healthcare and healthcare law that occur almost daily, this presentation uses a case study to illustrate real-world issues and concerns associated with the compensation redesign process, including types of compensation models, service-specific compensation components, legal and contractual issue identification and mitigation, fair market value challenges
Both Stark and AKS require that physician contracting rates be negotiated at fair market value. What the regulations lack is clear, tactical advice for determining and documenting FMV. Physician contract compliance can be less of a headache if your organization takes a planned, methodical approach to obtaining and recording payment rates.
The FDA and industry: A recipe for collaborating in the New Health EconomyPwC
Pharmaceutical and life science companies and their chief regulator – the FDA – must find new ways to collaborate to meet 21st century demands.
Web Page: http://www.pwc.com/us/en/health-industries/health-research-institute/hri-pharma-life-sciences-fda.jhtml
Practical and Succinct Solutions to Coding - Select Data, Inc. RachelBuckleySelect
Discussing increasing numbers of Complexities in Home Health that challenge reimbursement and the financial and quality outcomes bottom line;
Exploring Regulatory Issues and Agency Finances
Making Connections Between Coding, the POC, and Keeping Your Reimbursement;
Looking at Potential Impending Audits and Queries and their Impact;
and ICD-10…Will you be ready or will you be one of the agencies expected to have significant delays in payment?
HSA 525 Possible Is Everything/newtonhelp.comlechenau65
For more course tutorials visit
www.newtonhelp.com
Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
Question 2This committee develops blood usage policies and procedures. It is responsible for monitoring transfusion services and reviewing indications for transfusions, blood ordering practices, each transfusion episode, and transfusion reactions. The committee reports its findings and recommendations to the medical staff executive committee.
For more course tutorials visit
www.newtonhelp.com
Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
Question 2This committee develops blood usage policies and procedures. It is responsible for monitoring
Running head VENICE FAMILY CLINIC 1VENICE FAMILY CLINIC.docxjenkinsmandie
Running head: VENICE FAMILY CLINIC 1
VENICE FAMILY CLINIC 4
Venice Family Clinic
Introduction
Venice Family Clinic (VFC) is well‐known for giving quality wellbeing services to populaces deprived through a powerful volunteer model. Established in 1970, it has a long history of volunteerism, which has been coordinated into the way of life of the association. There is great leadership involvement in the model just as an internal framework set up to enlist and support volunteer doctors, including clinic space, systems for scheduling patients, and a full‐time volunteer organizer. Additionally, VFC has longstanding relationships with private healthcare facilities in the region.
A department likely to exist within the organization
VFC has a unit that offers psychiatric health services that incorporates counseling, mental services, and psychosocial support identified with the social stress of poverty, homelessness, joblessness, and aggressive behavior at home. Services include emergency intercession just as an individual, family, and group treatment. Albeit, once in a while, challenges make it difficult to pick an ideal setting; it is significant as well, where conceivable, think about privacy. VFC thinks about confidentiality as one of the keys to excellent communication, as the client is probably going to reveal data of a private and sensitive nature (Carroll & Richardson, 2016).
The financial condition of the Clinic
Venice's family clinic financial report of 2012 current liabilities is 3,398, 342, while the total existing assets total up to 9,913,386. Therefore, 2.89 is the current ratio of the clinic. This ratio is somewhat high, which implies, the clinic is not using its financial capabilities resourcefully. The clinic, however, is in a position to meet its short-term financial obligation because it has good liquidity. Conversely, 0.21 is the debt to equity ratio, which means the facility can manage its daily operations without getting help from financiers. At the beginning of the year, net resources remain at 20,690,947, while toward the end of the year, the net resource was 18,876, 692, which suggests that the facility has a net loss of 1,841,255. This clearly shows the medical clinic will experience financial constraints in sustaining its operations. Therefore, the clinic needs to control its cost to avoid losing the money (Carroll & Richardson, 2016).
Healthcare trends likely to affect the Clinic
Today, health care systems are determined to provide a patient-centered treatment, which is a trend brought about due to technology proliferation. Most health centers are integrating technology in their operation, clinical aspects, as well as administrative. As healthcare transform to becoming more goals focused and systemic, they are coming up with approaches and techniques aimed to improve the patient’s experience. Analytics are also involved in helping hospitals foresee future trends and guide decision making.
In Venice Fami.
This issue features the following pieces:
The Dark Side of Quality
Quality and Other Components of the Value Proposition
What Do Hospitals Want From Anesthesia Groups?
The Physician-Owned Management Services Organization
Should You Apologize for a Poor Outcome?
Thinking of Investing In, or Renting Space In, an ASC?
ICD-10 is the Latest Y2K: The Potential Impact on Provider Revenue
Your cognitive future: How next-gen computing changes the way we live and workIBM in Healthcare
The healthcare industry is undergoing significant change driven by six disruptive forces - rapid digitization, changing consumer expectations, regulatory complexities, increasing healthcare demand, shortage of skilled resources and elevating healthcare costs. To meet the implication of these forces, healthcare organizations must excel in engaging with consumers, discovering new ideas and taking effective decisions
Currently, traditional analytics capabilities are unable to exploit maximum value from the ever increasing data resource constraining organization’s achievements and performance. But cognitive computing has the ability to bridge this gap and can open up fresh opportunities for the healthcare industry. It is already helping healthcare organizations to provide personalized care, effective decisions and more innovative solutions.
For more classes visit
www.snaptutorial.com
Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
Question 2This committee develops blood usage policies and procedures. It is responsible for monitoring transfusion services and reviewing indications for transfusions, blood ordering practices, each transfusion
HSA 525 RANK Education for Service--hsa525rank.comclaric34
FOR MORE CLASSES VISIT
www.hsa525rank.com
Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
Question 2This committee develops blood usage policies and procedures. It is responsible for monitoring transfusion services and reviewing indications for transfusions, blood ordering practices, each transfusion episode, and transfusion reactions. The committee reports its findings and recommendations
For more course tutorials visit
www.newtonhelp.com
Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
Question 2This committee develops blood usage policies and procedures. It is responsible for monitoring transfusion services and reviewing indications for transfusions, blood ordering practices, each transfusion episode, and transfusion reactions. The committee reports its findings and recommendations to the medical staff executive committee.
HSA 525 RANK Become Exceptional--hsa525rank.comannebronte5
FOR MORE CLASSES VISIT
www.hsa525rank.com
Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
FOR MORE CLASSES VISIT
www.hsa525rank.com
Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
The survey, represents more than 500 participants ranging from 100 to more than 10,000 employees, gathers information on benefit plan designs and costs, eligibility, and health benefits strategy.
Acting as a roadmap through the changes in healthcare and healthcare law that occur almost daily, this presentation uses a case study to illustrate real-world issues and concerns associated with the compensation redesign process, including types of compensation models, service-specific compensation components, legal and contractual issue identification and mitigation, fair market value challenges
Both Stark and AKS require that physician contracting rates be negotiated at fair market value. What the regulations lack is clear, tactical advice for determining and documenting FMV. Physician contract compliance can be less of a headache if your organization takes a planned, methodical approach to obtaining and recording payment rates.
The FDA and industry: A recipe for collaborating in the New Health EconomyPwC
Pharmaceutical and life science companies and their chief regulator – the FDA – must find new ways to collaborate to meet 21st century demands.
Web Page: http://www.pwc.com/us/en/health-industries/health-research-institute/hri-pharma-life-sciences-fda.jhtml
Practical and Succinct Solutions to Coding - Select Data, Inc. RachelBuckleySelect
Discussing increasing numbers of Complexities in Home Health that challenge reimbursement and the financial and quality outcomes bottom line;
Exploring Regulatory Issues and Agency Finances
Making Connections Between Coding, the POC, and Keeping Your Reimbursement;
Looking at Potential Impending Audits and Queries and their Impact;
and ICD-10…Will you be ready or will you be one of the agencies expected to have significant delays in payment?
HSA 525 Possible Is Everything/newtonhelp.comlechenau65
For more course tutorials visit
www.newtonhelp.com
Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
Question 2This committee develops blood usage policies and procedures. It is responsible for monitoring transfusion services and reviewing indications for transfusions, blood ordering practices, each transfusion episode, and transfusion reactions. The committee reports its findings and recommendations to the medical staff executive committee.
For more course tutorials visit
www.newtonhelp.com
Question 1 The committee responsible for developing and/or approving policies relating to the handling and administration of drugs
Question 2This committee develops blood usage policies and procedures. It is responsible for monitoring
Running head VENICE FAMILY CLINIC 1VENICE FAMILY CLINIC.docxjenkinsmandie
Running head: VENICE FAMILY CLINIC 1
VENICE FAMILY CLINIC 4
Venice Family Clinic
Introduction
Venice Family Clinic (VFC) is well‐known for giving quality wellbeing services to populaces deprived through a powerful volunteer model. Established in 1970, it has a long history of volunteerism, which has been coordinated into the way of life of the association. There is great leadership involvement in the model just as an internal framework set up to enlist and support volunteer doctors, including clinic space, systems for scheduling patients, and a full‐time volunteer organizer. Additionally, VFC has longstanding relationships with private healthcare facilities in the region.
A department likely to exist within the organization
VFC has a unit that offers psychiatric health services that incorporates counseling, mental services, and psychosocial support identified with the social stress of poverty, homelessness, joblessness, and aggressive behavior at home. Services include emergency intercession just as an individual, family, and group treatment. Albeit, once in a while, challenges make it difficult to pick an ideal setting; it is significant as well, where conceivable, think about privacy. VFC thinks about confidentiality as one of the keys to excellent communication, as the client is probably going to reveal data of a private and sensitive nature (Carroll & Richardson, 2016).
The financial condition of the Clinic
Venice's family clinic financial report of 2012 current liabilities is 3,398, 342, while the total existing assets total up to 9,913,386. Therefore, 2.89 is the current ratio of the clinic. This ratio is somewhat high, which implies, the clinic is not using its financial capabilities resourcefully. The clinic, however, is in a position to meet its short-term financial obligation because it has good liquidity. Conversely, 0.21 is the debt to equity ratio, which means the facility can manage its daily operations without getting help from financiers. At the beginning of the year, net resources remain at 20,690,947, while toward the end of the year, the net resource was 18,876, 692, which suggests that the facility has a net loss of 1,841,255. This clearly shows the medical clinic will experience financial constraints in sustaining its operations. Therefore, the clinic needs to control its cost to avoid losing the money (Carroll & Richardson, 2016).
Healthcare trends likely to affect the Clinic
Today, health care systems are determined to provide a patient-centered treatment, which is a trend brought about due to technology proliferation. Most health centers are integrating technology in their operation, clinical aspects, as well as administrative. As healthcare transform to becoming more goals focused and systemic, they are coming up with approaches and techniques aimed to improve the patient’s experience. Analytics are also involved in helping hospitals foresee future trends and guide decision making.
In Venice Fami.
This issue features the following pieces:
The Dark Side of Quality
Quality and Other Components of the Value Proposition
What Do Hospitals Want From Anesthesia Groups?
The Physician-Owned Management Services Organization
Should You Apologize for a Poor Outcome?
Thinking of Investing In, or Renting Space In, an ASC?
ICD-10 is the Latest Y2K: The Potential Impact on Provider Revenue
Your cognitive future: How next-gen computing changes the way we live and workIBM in Healthcare
The healthcare industry is undergoing significant change driven by six disruptive forces - rapid digitization, changing consumer expectations, regulatory complexities, increasing healthcare demand, shortage of skilled resources and elevating healthcare costs. To meet the implication of these forces, healthcare organizations must excel in engaging with consumers, discovering new ideas and taking effective decisions
Currently, traditional analytics capabilities are unable to exploit maximum value from the ever increasing data resource constraining organization’s achievements and performance. But cognitive computing has the ability to bridge this gap and can open up fresh opportunities for the healthcare industry. It is already helping healthcare organizations to provide personalized care, effective decisions and more innovative solutions.
PYA Principal Carol Carden and Senior Manager Angie Caldwell presented “Hot Topics in Physician Compensation” at the Kentucky Society of CPAs (KY CPA) Health Care Conference, May 18, 2016. The presentation explored the latest developments in physician compensation structure, as well as considerations related to stacking compensation elements, the role and impact of quality incentives, the latest in affiliation models, and population health initiatives.
Current Trends in Data Protection for Integrated Health, Centralized Peer Rev...PYA, P.C.
A webinar hosted by PYA and the Alliance for Quality Improvement (AQIPS) explored “Current Trends in Data Protection for Integrated Health, Centralized Peer Review Systems, and Other Innovative Programs.” PYA Principal Martie Ross participated in the webinar, which focused on how patient safety organization (PSO) protections can bring value to accountable care organizations and other integrated health systems.
In addition, the webinar provided instruction for using:
Patient Safety and Quality Improvement Act (PSQIA) protections in Medicare Shared Savings Programs, centralized peer review programs, and other collaboratives.
PSQIA protections for new types of clinical analysis, clinical quality reports, and performance tools that contain information that may not be protected under existing state peer review privilege or are shared among an integrated network.
Hospital Management Business Plan Powerpoint Presentation SlidesSlideTeam
Introducing our Hospital Management Business Plan PowerPoint Presentation Slides to help you build a firm foundation for the public health system. Select our professionally curated health administration PPT templates to provide an understanding of key demand and supply drivers like consumer demographics and geographics. Highlight the global medical spending statistics on crucial trends like robotics companions, ingestible health sensors, health technology, smart nutrition technology, and mobile applications through this PPT slideshow. You can employ our hospitality PowerPoint layouts to elaborate on building blocks of optimized health systems like technical content, management skills, operational and finance systems. Highlight the structure of important stakeholders and the importance of effective healthcare administration using these hospital sector PPT visuals. Showcase the framework of corporate and hospital tie-ups with our hospital network PowerPoint presentation in a well-organized format. Click the download button and make this healthcare management PowerPoint deck your source to educate the audiences about the essential public health services. These content-specific slides effectively convey the importance of proper medical care comprehensively. https://bit.ly/3tNrHhU
The Patient Centered Primary Care Collaborative has been working for years to build evidence and knowledge about how to improve healthcare by providing a medical "home" for each of us - a place where all our records reside, where the staff know us, etc. This April 2010 by Executive Director Edwina Rogers shows the phenomenal range of results they've produced.
The State of Consumer Healthcare: A Study of Patient ExperienceProphet
There is a vital change happening in healthcare: People are demanding to be treated as savvy consumers, who deserve choices, convenience and fair prices. The same revolution of consumerism that’s shaking up the way the world buys financial services, airline tickets and groceries is finally underway in healthcare. And as healthcare options multiply, this trend will only accelerate. Providers who are ready to respond by creating a strong patient experience are going to win, and those who aren’t will be left behind.
This presentation explains findings from the patient experience study which was conducted to understand the consumer healthcare experience by assessing the gap between patient and providers’ expectations and perceptions, and arm institutions with the ability to assess their own organization, define a successful strategy, and deliver on it.
View the webinar here: http://bit.ly/1RLgTFX
Presented by Steve Mills, IBM Senior Vice President, Group Executive, Software & Systems Group
Learn more: http://www.ibm.com/software/products/en/category/health-social-programs
In a new report, SVB Analytics examines the challenges facing stakeholders in the U.S. healthcare system, the solutions made possible by technology advancements and opportunities for entrepreneurs and investors.
Learn more here: http://www.svb.com/Blogs/Alex_Lee/Digital_Health__Mapping_Digital_Health_Solutions/
A combination of case study and infographic, this piece uses the experience of a specific practice to flesh out both the challenges of the healthcare landscape, and Greenway’s ability to help meet those challenges.
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
1. HSA 525 Final Exam Part 1
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Question 1 The committee responsible for developing and/or
approving policies relating to the handling and administration of drugs
Question 2This committee develops blood usage policies and
procedures. It is responsible for monitoring transfusion services and
reviewing indications for transfusions, blood ordering practices, each
transfusion episode, and transfusion reactions. The committee reports its
findings and recommendations to the medical staff executive committee.
Question 3The probability of malpractice suits against physicians can be
reduced by
Question 4A psychiatrist owes a duty to warn of his patient’s danger to a
third party if
Question 5When a doctor fails to inform his patient in a timely manner
of a serious condition that turns deadly, fails to refer him to a specialist,
and does no further tests, he can be found negligent by reason of
Question 6A nurse hired by a patient or the patient’s family to perform
nursing services
Question 7Nurse licensing boards have the authority to suspend or
revoke the license of a nurse who is found to have
2. Question 8 A nurse who fails to follow the doctor’s verbal
orders to watch the patient closely
Question 9A nurse can be found negligent for
Question 10Each state has its own nurse practice act that defines the
practice of
Question 11The Comprehensive Drug Abuse Prevention and Control
Act of 1970
Question 12The Court of Appeals, in the text case Stepp v. Review
Board of the Indiana Employment Security Division, where the
laboratory technician refused to perform chemical examinations on vials
with AIDS warnings, found that
Question 13Practitioners with the most reports filed with the National
Practitioner Data Bank, 2005 report
Question 14Caregivers should be sure to
Question 15Licensing boards have the authority to
Question 16The advantages of computer systems include
Question 17Health care organizations undergoing computerization must
Question 18Falsification of medical records is grounds for
Question 19Progress notes should describe the patient’s
Question 20The medical record must be
3. Question 21 The ethical rationale underlying the doctrine of
informed consent is
Question 22Although hospitals are not generally responsible for
informing patients as to the risks, benefits and alternatives to specific
procedures, hospitals
Question 23A physician is
Question 24Consent that requires that a patient have a full understanding
of that to which he or she has consented
Question 25Defenses available to defendants who have been sued on the
basis of failure to provide their patients with sufficient information to
make an informed decision include:
Question 26Information reported to the data bank
Question 27A root cause analysis (RCA) is
Question 28Elements of an effective corporate compliance program
include
Question 29Elder abuse is
Question 30Persons in the health care setting who are required to report
child abuse are
*****************************************************
HSA 525 Final Exam Part 2
4. For more classes visit
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Question 1 Patient’s have
Question 2 Mr. Jones has a right to ask a caregiver
Question 3 A patient is responsible for those injuries
resulting from
Question 4 A patient not only has rights but
Question 5 Patients have a right to
Question 6 A service member who is wrongfully diagnosed
with Aids
Question 7 The routine testing of firefighters and paramedics
for the AIDS virus
Question 8 Patients who receive blood from blood donors
that test positive for the HIV virus
Question 9 High risk groups include
Question 10 Information regarding a patient's diagnosis as
being HIV positive must be
Question 11 The ability to make a good decision without
personal biases, fears, and undue influences from others.
5. Question 12 ________ implies that there is purpose and
mean¬ing to life.
Question 13 ________ implies that a person accepts
differences in others and that one does not expect others to believe,
think, speak, or act as himself or herself.
Question 14 An individual’s view of what is right and wrong
based on life experiences.
Question 15 Standards or codes of conduct established by the
membership of a specific profession.
Question 16 Current eugenic sterilization statutes
Question 17 The Supreme Court in H.L. v. Matheson ruled that
it is not an undue burden to require that
Question 18 The premature termination of pregnancy
Question 19Wrongful conception refers to a claim for damages sustained
by the parents of an unexpected child was based on an allegations that
Question 20 A sterilization for eugenic purposes
Question 21The number of people who will die this year due to the lack
of organ donations is estimated to be
Question 22 The legal mechanism by which a court declares
a person incompetent and appoints a person to act in his/her best
interests
Question 23 The first state to enact the first living will
legislation
6. Question 24 If a person is comatose and incompetent to
express their right to refuse medical treatment, those appointed to render
their best judgment concerning how the patient would assert that right
would be using the
Question 25 The removal of nasogastric feeding tubes
from a mentally competent patient to legally hasten death is an example
of
Question 26 The basic underlying concept of insurance is
Question 27 Professional liability policies vary in
Question 28 Sexual assault does not constitute rendering
professional services
Question 29 A risk is the possibility that
Question 30 A policy that covers all claims that may arise
out of a policy period
*****************************************************
HSA 525 Week 1 Discussion 1Financial
Management
For more classes visit
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Financial Management" Please respond to the following:
7. · Suggest one (1) key way in which the role of ethics in managerial
accounting differs from the role of ethics in financial accounting.
Indicate the role that you believe is the most significant within a health
care organization. Provide support for your rationale.
· Create an argument that explains why financial managers should
be concerned with quality initiatives in the health care organization.
Provide at least two (2) specific examples of quality initiatives in a
health care organization with which you are familiar.
*****************************************************
HSA 525 Week 1to11 All Homework,
Assignment, DQ
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HSA 525 Week 4 Assignment 1 Financial Statement Analysis
HSA 525 Week 6 Assignment 2 Using Financial Ratios to Assess
Organizational Performance
8. HSA 525 Week 10 Assignment 3 Post-Merger Analysis
HSA 525 Week 1 Discussion 1 Financial Management
HSA 525 Week 2 Discussion Inflows and Revenue Management
HSA 525 Week 3 Discussion 1 Cost Control
HSA 525 Week 4 Discussion Inventory Analysis and Optimizing
Staffing
HSA 525 Week 5 Discussion Managed Care Contracting and Ratio
Analysis
HSA 525 Week 6 Discussion Using Ratios as Performance Indicators
and Inflation and Health Care Costs
HSA 525 Week 7 Discussion The Budgeting Process and Capital
Investment Decisions
9. HSA 525 Week 8 Discussion Contract Negotiations and Risks and
Operating Margins
HSA 525 Week 9 Discussion Leasing Equipment
HSA 525 Week 10 Discussion Strategic Planning and Business Plan
HSA 525 Week 11 Discussion Future Developments and Future of
Financial Management
HSA 525 Week 2 Homework 1 Ex 4-1, Ex 4-2, Ex 5-1, Ex 5-2
HSA 525 Week 3 Homework 2 Ex 6-1, Ex 6-2, Ex 7-1, Ex 7-2
HSA 525 Week 4 Homework 3 Ex 8-1, Ex 8-2, Ex 8-3, Ex 8-4, Ex 9-1,
Ex 9-2
10. HSA 525 Week 5 Homework Ex 10-1, 10-2,10-3, Ex 11-1, 11-2, 11-3,
Ex 12-1, 12-2, 12-3, 12-4, 12-5
HSA 525 Week 6 Homework 5 Ex 13-3, 13-4.1, 13-4.2, Ex 14-2, 14-3
HSA 525 Week 7 Homework 6 Ex 15-1, 15-2, 15-3, and 15-4, Ex16-1
HSA 525 Week 8 Homework 7 Ex 17-1, 17-2, 17-3, Ex 18-1, 18-2, 18-3
HSA 525 Week 9 Homework 8 Ex 20-1, Ex 21-1, 21-2, 21-3
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HSA 525 Week 2 Discussion Inflows and
Revenue Management
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11. HSA 525 Week 2 Discussion,
“Inflows and Revenue Management” Please respond to the following:
Determine a key difference between a fee-for-service plan and an
episode of care payment plan, and indicate the plan that you believe to
be most advantageous for the majority of patients. Provide support for
your rationale.
* From the scenario, determine one (1) key factor that has a negative
impact on revenue. Recommend a revenue strategy for the organization
in the scenario to improve its revenue cycle management. Provide
support for your recommendation.HSA 525 Week 6 Assignment 2 Using
Financial Ratios to Assess Organizational Performance
HSA 525 Week 10 Assignment 3 Post-Merger Analysis
HSA 525 Week 1 Discussion 1 Financial Management
HSA 525 Week 2 Discussion Inflows and Revenue Management
HSA 525 Week 3 Discussion 1 Cost Control
12. HSA 525 Week 4 Discussion Inventory Analysis and Optimizing
Staffing
HSA 525 Week 5 Discussion Managed Care Contracting and Ratio
Analysis
HSA 525 Week 6 Discussion Using Ratios as Performance Indicators
and Inflation and Health Care Costs
HSA 525 Week 7 Discussion The Budgeting Process and Capital
Investment Decisions
HSA 525 Week 8 Discussion Contract Negotiations and Risks and
Operating Margins
HSA 525 Week 9 Discussion Leasing Equipment
HSA 525 Week 10 Discussion Strategic Planning and Business Plan
HSA 525 Week 11 Discussion Future Developments and Future of
Financial Management
13. HSA 525 Week 2 Homework 1 Ex 4-1, Ex 4-2, Ex 5-1, Ex 5-2
HSA 525 Week 3 Homework 2 Ex 6-1, Ex 6-2, Ex 7-1, Ex 7-2
HSA 525 Week 4 Homework 3 Ex 8-1, Ex 8-2, Ex 8-3, Ex 8-4, Ex 9-1,
Ex 9-2
HSA 525 Week 5 Homework Ex 10-1, 10-2,10-3, Ex 11-1, 11-2, 11-3,
Ex 12-1, 12-2, 12-3, 12-4, 12-5
HSA 525 Week 6 Homework 5 Ex 13-3, 13-4.1, 13-4.2, Ex 14-2, 14-3
HSA 525 Week 7 Homework 6 Ex 15-1, 15-2, 15-3, and 15-4, Ex16-1
HSA 525 Week 8 Homework 7 Ex 17-1, 17-2, 17-3, Ex 18-1, 18-2, 18-3
14. HSA 525 Week 9 Homework 8 Ex 20-1, Ex 21-1, 21-2, 21-3
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HSA 525 Week 2 Homework 1 Ex 4-1, Ex 4-2,
Ex 5-1, Ex 5-2
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HSA 525 Week 2 Assignment
Exercise 4–1: Contractual Allowances Assignment Exercise 4–1:
Contractual Allowances Physician Office Revenue for Visit Code 99214
has a full established rate of $72.00. Of ten different payers, there are
nine different contracted rates, as follows: Contracted Payer Rate FHP
$35.70 HPHP 58.85 MC 54.90 UND 60.40 CCN 70.20 MO 70.75 CGN
10.00 PRU 54.90 PHCS 50.00 ANA 45.00 Rates for illustration only.
Required 1. Set up a worksheet with four columns: Payer, Full Rate,
Contracted Rate, and Contractual Allowance. 2. For each payer, enter
the full rate and the contracted rate. 3. For each payer, compute the
contractual allowance. The first payer has been computed below: Full
Contracted Contractual Payer Rate (less) Rate = Allowance FHP $72.00
$35.70 $36.30
Assignment Exercise 4–2: Revenue Sources and Grouping Revenue The
Metropolis Health System has revenue sources from operations,
donations, and interest income. The revenue from operations is primarily
15. received for services. MHS groups its rev-enue first by cost center.
Within each cost center the services revenue is then grouped by payer.
Required 1. Set up a worksheet with individual columns across the top
for six revenue sources (pay-ers): Medicare, Medicaid, Other Public
Programs, Patients, Commercial Insurance, and Managed Care
Contracts. 2. Certain situations concerning the Intensive Care Unit and
the Laboratory are described below. Set up six vertical line items on
your worksheet, numbered (1) through (6). Six situa-tions are described
below. For each of the six situations, indicate its number (1 through 6)
and enter the appropriate cost center (either Intensive Care Unit or
Laboratory). Then place an X in the column(s) that represents the correct
revenue source(s) for the item. The six situations are as follows: (1) ICU
stay billed to employee’s insurance program. (2) Lab test paid for by an
individual. (3) Pathology work performed for the state. (4) ICU stay
billed to member’s health plan. (5) ICU stay billed for Medicare
beneficiary. (6) Series of allergy tests run for eligible Medicaid
beneficiary.
Assignment Exercise 5–1: Grouping Expenses by Cost Center The
Metropolis Health System’s Rehabilitation and Wellness Center offers
outpatient therapy and return-to-work services plus cardiac and
pulmonary rehabilitation to get people back to a normal way of living.
The Rehabilitation and Wellness Center expenses include the following:
• Nursing Salaries • Physical Therapist Supplies • Physical Therapist
Salaries • Occupational Therapist Supplies • Occupational Therapist
Salaries • Cardiac Rehab Supplies • Cardiac Rehab Salaries • Pulmonary
Rehab Supplies • Pulmonary Rehab Salaries • Training Supplies •
Patient Education Coordinator Salary • Clerical Office Supplies •
Nursing Supplies • Employee Education Required 1. Decide how many
cost centers should be used for the above expenses at the Center. 2. Set
up a worksheet with individual columns across the top for the cost
centers you have chosen. 3. For each of the expenses listed above,
indicate to which of your cost centers it should be assigned.
16. Assignment Exercise 5–2 Required Find a listing of expenses by
diagnosis or by procedure. The source of the list can be internal (within
a health care facility of some type) or external (such as a published
article, report, or survey). Comment upon whether you believe the
expense grouping used is appropriate. Would you have grouped the
expenses in another way?
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HSA 525 Week 3 Discussion 1 Cost Control
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HSA 525 Week 2 Assignment
HSA 525 Week 3 Discussion,
“Cost Control” Please respond to the following:
Use the Internet or Strayer Databases to research “cost escalation”
within the health care segment. Next, determine one (1) key driver of
health care cost escalation. Indicate one (1) strategy health care
managers can implement to reduce costs in the future. Provide support
for your rationale.
Assume that you are a financial administrator of a hospital, and you are
responsible for reducing costs (e.g., fixed, variable, semi-fixed, etc.) for
the facility. Determine the most significant cost within the hospital, and
recommend a strategy for reducing this cost 10% over the next year.
Provide support for your strategy.
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17. HSA 525 Week 3 Homework 2 Ex 6-1, Ex 6-2,
Ex 7-1, Ex 7-2
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Assignment Exercise 6–1: Allocating Indirect Costs
1. Compute the costs allocated to cost centers “Clerical Salaries,”
“Administrative Salaries,” and “Computer Services” using the new
allocation bases shown below. Use worksheet #1 that replicates the set
up in Table 6–2. Total the new results. The new allocation bases are:
Assignment Exercise 6–2: Responsibility Centers
Choose among the Case Study in Chapter 27, the clinic in Mini-Case
Study 2, or the Metropolis Health System information as contained in its
Case Study and the Appendix that contains its financial statements.
Designate the responsibility centers and the support centers for the
organization selected. Prepare a rationale for the structure you have
designed.
18. Assignment Exercise 7–1: Analyzing Mixed Costs
Initial Calculations
Assignment Exercise 7–2: Calculating the Contribution Margin
The Mental Health program for the Community Center has just
completed its fiscal year end. The program director determines that his
program has revenue for the year of $1,210,000. He believes his variable
expense amounts to $205,000 and he knows his fixed expense amounts
to $1,100,000.
Compute the contribution margin for the Community Center Mental
Health Program.
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HSA 525 Week 4 Assignment 1 Financial
Statement Analysis
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19. Assignment 1: Financial Statement Analysis
Due Week 4 and worth 200 points
Select one (1) of the following publically traded health care
organizations: Universal Health Services (NYSE: UHS) or Health
Management Associates (NYSE: HMA).
Suppose you are a newly appointed CFO of your chosen health care
organization. One of your first tasks is to conduct an internal financial
analysis of the organization. Conduct a brief financial analysis and
review of the chosen company’s financial statements for at least three
(3) consecutive years. After conducting the analysis, interpret the data
contained within the statements.
Write a three to four (3-4) page paper in which you:
Based on your review of the financial statements, suggest a key insight
about the financial health of the company. Speculate on the likely
reaction to the financial statements from various stakeholder groups
(employee, investors, shareholders). Provide support for your rationale.
Identify the current industry trend that has the most significant impact on
your chosen organization’s financial performance. Indicate the trend’s
impact on the financial performance of the organization. As the CFO,
suggest at least one (1) way that you might minimize the impact of the
trend on the organization.
As the CFO, suggest one (1) key strategy that you might use in order to
improve the financial performance of the organization. Recommend an
approach to implement the suggested strategy. Provide support for your
recommendation.
Use at least four (4) quality academic resources. Note: Wikipedia and
other Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
20. Be typed, double spaced, using Times New Roman font (size 12), with
one-inch margins on all sides; citations and references must follow APA
or school-specific format. Check with your professor for any additional
instructions.
Include a cover page containing the title of the assignment, the student’s
name, the professor’s name, the course title, and the date. The cover
page and the reference page are not included in the required assignment
page length.
The specific course learning outcomes associated with this assignment
are:
Evaluate the financial statements and the financial position of health
care institutions.
Analyze the role of important financial reporting statements – income
statement, balance sheet, and statement of cash flows – and explain how
they relate to one another and to the underlying sources of data.
Use technology and information resources to research issues in health
financial management.
Write clearly and concisely about health financial management using
proper writing mechanics.
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HSA 525 Week 4 Discussion Inventory Analysis
and Optimizing Staffin
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21. HSA 525 Week 4 Discussion,”Inventory Analysis and Optimizing
Staffing”
“Inventory Analysis and Optimizing Staffing” Please respond to the
following:
Recommend a strategy for financial administrators to balance the tension
between having inventory on hand when it is needed versus the carry
cost to the organization. Provide support for your recommendation.
Assume that you are a health care administrator in a hospital, and you
are responsible for staffing levels. Suggest an approach to staffing for
24/7 coverage that optimizes patient care, minimizes cost, and produces
the highest level of employee satisfaction. Provide support for your
rationale.
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HSA 525 Week 4 Homework 3 Ex 8-1, Ex 8-2,
Ex 8-3, Ex 8-4, Ex 9-1, Ex 9-2
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Assignment Exercise 8–1: FIFO and LIFO Inventory
22. Use the format in Exhibit 8–1 to compute the ending FIFO inventory
and the cost of goods sold, assuming $90,000 in sales; beginning
inventory 500 units @ $50; purchases of 400 units @ $50; 100 units @
$65; 400 units @ $85.
Also compute the cost of goods sold percentage of sales.
Comment on the difference in outcomes.
Assignment Exercise 8–2: Inventory Turnover
Use the LIFO information in the previous assignment to first compute
the average inventory and then to compute the inventory turnover.
Assignment Exercise 8–3: Depreciation Concept
The laboratory equipment cost $300,000 and has an expected life of 5
years. The salvage value is 5% of cost. No equipment was traded in on
this purchase.
Compute the straight-line depreciation.
Assignment Exercise 8–4: Depreciation
23. Set up a purchase scenario of your own and compute the depreciation
with and without salvage value.
The neonatal unit equipment cost $60,000, and has an expected life of 5
years, no salvage. Compute the straight line depreciation.
Assignment Exercise 8–5: Depreciation Computation: Units-of-Service
Using the format in Table 8–A-5, compute units of service depreciation
using the following assumptions:
Assignment Exercise 9–1: FTEs to Annualize Staffing
The Metropolis Health System managers are also working on their
budgets for next year. Each manager must annualize his or her staffing
plan, and thus must convert staff net paid days worked to a factor. Each
manager has the MHS worksheet, which shows 9 holidays, 7 sick days,
15 vacation days, and 3 education days, equaling 34 paid days per year
not worked.
Assignment Exercise 9–2: FTEs to Fill a Position
Metropolis Health System (MHS) uses a basic work week of 40 hours
throughout the system. Thus, one full-time employee works 40 hours per
week. MHS also uses a standard 24-hour scheduling system of three 8-
hour shifts. The Director of Nursing needs to compute the staffing
requirements to fill the Operating Room (OR) positions. Since MHS is a
24. trauma center, the OR is staffed 24 hours a day, 7 days a week. At
present, staffing is identical for all 7 days of the week, although the
Director of Nursing is questioning the efficiency of this method.
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HSA 525 Week 5 Discussion Managed Care
Contracting and Ratio Analysis
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HSA 525 Week 5 Discussion,
“Managed Care Contracting and Ratio Analysis” Please respond to the
following:
From the scenario, interpret the operating indicators used to analyze
the financial performance of the organization. Indicate specific ways in
which this information will help management improve the performance
of the organization. Provide support for your rationale.
Assume that you are a hospital administrator, and one of your
responsibilities is selecting financial ratios to be included on your
management dashboard. Determine the two (2) most critical financial
ratios for you to monitor at your facility, and indicate how each of these
ratios would help you assess the current performance of your facility.
Provide support for your rationale.
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25. HSA 525 Week 5 Homework Ex 10-1, 10-2,10-3,
Ex 11-1, 11-2, 11-3, Ex 12-1, 12-2, 12-3, 12-4,
12-5
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Assignment Exercise 10–1: Components of Balance Sheet and
Statement of Net Income
Identify the following MHS balance sheet components. List the name of
each component and its amount(s) from the appropriate MHS financial
statement.
Current Liabilities
Total Assets
Income from Operations
Accumulated Depreciation
Total Operating Revenue
26. Current Portion of Long-Term Debt
Interest Income
Inventories
Assignment Exercise 10–2: Components of Balance Sheet and Income
Statement
Refer to the Metropolis Health System (MHS) balance sheet and
statement of revenue and expense in Chapter 28’s MHS Case Study.
Patient accounts receivable of $7,400,000 is shown as net of
$1,300,000 allowance for bad debts (8,700,000 − 1,300,000 =
7,400,000).
What percentage of gross accounts receivable is the allowance for bad
debts?
Assignment Exercise 10–3: Components of Balance Sheet and Income
Statement
Refer to the Metropolis Health System (MHS) balance sheet and
statement of revenue and expense in Chapter 28’s MHS Case Study.
Property, plant, and equipment of $19,300,000 is shown as “net,”
meaning net of the reserve for depreciation. If the $19,300,000 is
reduced by $200,000 (meaning the reserve for depreciation has risen),
what happens on the income statement?
27. If the reserve for depreciation has risen, that is the $19,300,000 is
reduced by $200,000, it would mean that the net income would be
lower. A higher depreciation lowers operating income and this would
be reflected on the income statement.
Assignment Exercise 11–1: Liquidity Ratios
Refer to the Metropolis Health System (MHS) case study in Chapter 28.
Set up a worksheet for the liquidity ratios.
The liquidity ratios are
2. Compute the four liquidity ratios using the Chapter 28 MHS financial
statement
Assignment Exercise 11–2: Solvency Ratios
Refer to the Metropolis Health System (MHS) case study in Chapter 28.
Set up a worksheet for the solvency ratios.
2. Compute the solvency ratios using the Chapter 28 MHS financial
statements
Assignment Exercise 11–3: Profitability Ratios
28. Refer to the Metropolis Health System (MHS) case study in Chapter 28.
Set up a worksheet for the profitability ratios.
The profitability ratios are: -
Compute the profitability ratios using the Chapter 28 MHS financial
statements
Assignment Exercise 12–1: Unadjusted Rate of Return
Metropolis Health Systems’ Laboratory Director expects to purchase a
new piece of equipment. The assumptions for the transaction are as
follows:
Compute the unadjusted rate of return using the original investment
amount.
Compute the unadjusted rate of return using the average investment
method.
Assignment Exercise 12–2: Finding the Future Value (with a Compound
Interest Table)
Compute how much money will be in the account at the end of four
more years. (Use the compound interest table found in Appendix 12-B.)
Assignment Exercise 12–3: Finding the Present Value (with a Present-
Value Table)
Part 1—Dr. John Whitten is still figuring out his equipment fund.
According to his calculations he needs $250,000 to be accumulated six
29. years from now. John is now trying to find the present value of the
$250,000. He continues to assume an interest rate of 5%.
Compute the present value of $250,000 accumulated fifteen years from
now. Assume an interest rate of 5%. (Use the Present-Value Table
found in Appendix 12-A at the back of this chapter.)
Part 2—John doesn’t like the answer he gets. What if he can raise the
interest rate to 7%? How much difference would that make?
Compute the present value of $250,000 accumulated fifteen years from
now assuming an interest rate of 7%.
Compare the difference between this amount and the present value at
5%.
Assignment Exercise 12–4: Computing an Internal Rate of Return
Dr. Whitten has decided to purchase equipment that has a cost of
$60,000 and will produce a pretax net cash inflow of $30,000 per year
over its estimated useful life of six years. The equipment will have no
salvage value and will be depreciated by the straight-line method. The
tax rate is 50%. Determine Dr. Whitten’s approximate after-tax internal
rate of return.
30. Assignment Exercise 12–5: Payback Period
Based on the calculations, he should purchase Machine B. It would take
approximately two and a half years (2.4 years) for the investment made
in Machine B to be equal to the amount of cash originally spent buying
the machine. It would take Machine A 3 years to pay back the money
spent to purchase it.
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HSA 525 Week 6 Assignment 2 Using Financial
Ratios to Assess Organizational Performance
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Assignment 2: Using Financial Ratios to Assess Organizational
Performance
Due Week 6 and worth 240 points
Using the financial statements from your selected health care
organization in Assignment 1, develop a financial plan for the next
three (3) years.
Write a four to five (4-5) page paper in which you:
1. Suggest the financial ratio that most financial analysts would use to
evaluate the financial condition of the company. Provide support for
your rationale.
31. 2. Speculate on the organization's ability to meet its financial
obligations as they come due. Provide support for your rationale.
3. Based on your ratio analysis, determine whether the profitability
trends are favorable or unfavorable and explain your rationale.
4. Using financial ratio analysis, predict whether or not the company
will be viable in five (5) years based on its performance over the past
three (3) years. Provide support for your prediction.
5. Use at least two (2) quality academic resources. Note: Wikipedia and
other Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
• Be typed, double spaced, using Times New Roman font (size 12), with
one-inch margins on all sides; citations and references must follow APA
or school-specific format. Check with your professor for any additional
instructions.
• Include a cover page containing the title of the assignment, the
student’s name, the professor’s name, the course title, and the date.
The cover page and the reference page are not included in the required
assignment page length.
The specific course learning outcomes associated with this assignment
are:
• Evaluate the financial statements and the financial position of health
care institutions.
• Describe the overall planning process and the key components of the
financial plan.
• Use technology and information resources to research issues in
health financial management.
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HSA 525 Week 6 Discussion Using Ratios as
Performance Indicators and Inflation and Health
Care Costs
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HSA 525 Week 6 Discussion,
“Using Ratios as Performance Indicators and Inflation and Health Care
Costs” Please respond to the following:
Suggest one (1) key financial ratio that a health care administrator
should create a trend analysis for. Suggest one (1) key insight that may
be gained by the administrator in regard to the performance of the
organization. Provide support for your rationale.
Use the Internet or Strayer databases to research the current and
projected inflation rates and the related impact expected on health
care costs. Next, assess the level of importance of one (1) key driver of
the inflation of health care costs. Indicate how this inflation can be
managed strategically in the future to minimize the financial impact.
Provide support for your rationale.
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HSA 525 Week 6 Homework 5 Ex 13-3, 13-4.1,
13-4.2, Ex 14-2, 14-3
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Assignment Exercise 13–3
As a follow-up to the previous Practice Exercise, new assumptions are
as follows:
1. Your unit’s gross charges for the period to date amount to $200,000.
2. The uniform gross charge for each procedure in your unit is $100.
3. The unit receives revenue from four major payers. The number of
procedures performed for the period totals 2,000. Of that total, the
number of procedures per payer (stated as a percentage) is as follows:
Payer 1 = 30% Payer 2 = 40% Payer 3 = 20% Payer 4 = 10%
4. The following contractual payment arrangements are in effect for the
current period. The percentage of the gross charge that is currently
paid by each payer is as follows: Payer 1 = 80% [Medicare] Payer 2 =
70% [Commercial managed care plans] Payer 3 = 50% [Medicaid] Payer
4 = 90% [Self-pay]
Assignment Exercise 13–4.1: Forecast Capacity Levels
Prepare another Infusion Center Capacity Level Forecast as follows:
34. Assume the same three infusion chairs, but add another nurse for
either four or six hours per day. How would this change the daily
capacity level for number of patients infused per day?
Assignment Exercise 13–4.2
Prepare another Infusion Center Capacity Level Forecast as follows:
Increase the number of infusion chairs to four, and add another nurse
for either four or six hours per day. How would this change the daily
capacity level for number of patients infused per day?
Assignment Exercise 14–2: Cumulative Inflation Factor for Comparable
Data
Revise Hospital 2’s projections by applying a cumulative inflation factor
of 5% per year.
Assignment Exercise 14–3
The head of your department is a prominent researcher. A health
research foundation has asked him travel to London to give an
important speech at a conference. He will then travel to Paris to tour a
research facility before returning home. Although his travel expenses
are being funded by the foundation, he will still need to take along
some personal money. Consequently, he asks you to figure the
exchange rates for $500 and for $1,000 in both pounds and euros. He
explains that he is trying to judge the spending power of U.S. dollars
35. when converted to the other currencies so he can decide how much
personal money to take on the trip.
Assignment Exercise 14–4: The Discovery
The Chief Financial Officer at Sample General Hospital has just
discovered that the hospital’s Chief of the Medical Staff’s son Jason, a
student at the local community college, is paid $100 per week year-
round for grounds maintenance at the hospital’s Outpatient Center.
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HSA 525 Week 7 Discussion The Budgeting
Process and Capital Investment Decisions
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HSA 525 Week 7 Discussion,
The Budgeting Process and Capital Investment Decisions” Please
respond to the following:
Use the Internet or Strayer databases to research information related
to the budgeting processes within the various types of health care
organizations. Next, determine the most-effective budgeting approach
36. for a hospital, indicating how this approach can lead to effective
financial management of the facility. Provide support for your rationale.
Assume that you are an administrator for a hospital, and you need to
acquire a new technology system so that you may comply with
regulatory requirements. Create an argument to be presented to the
leadership team in which you justify the need for your facility to invest
in this new technology. Then indicate the value to the organization and
provide support for your argument.
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HSA 525 Week 7 Homework 6 Ex 15-1, 15-2, 15-
3, and 15-4, Ex16-1
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Assignment Exercise 15–1: Budgeting
Select an organization: either from the Case Studies in Chapters 27–28
or from one of the Mini-Case Studies in Chapters 29–31.
Required
37. Using the organization selected, create a budget for the next fiscal year.
Set out the details of all assumptions you needed in order to build this
budget.
Use the “Checklist for Building a Budget” (Exhibit 15–2) and critique
your own budget.
Assignment Exercise 15–2: Budgeting
Find an existing budget from a published source. Detail should be
extensive enough to present a challenge.
Using the existing budget, create a new budget for the next fiscal year.
Set out the details of all the assumptions you needed in order to build
this budget.
Use the “Checklist for Building a Budget” (Exhibit 15–2) and critique
your own effort.
Use the “Checklist for Reviewing a Budget” (Exhibit 15–3) and critique
the existing budget.
Assignment Exercise 15–3: Transactions Outside the Operating Budget
Review Figure 15–2 and the accompanying text.
Metropolis Health System (MHS) has received a wellness grant from the
charitable arm of an area electronics company. The grant will run for 24
months, beginning at the first of the next fiscal year. Two therapists and
two registered nurses will each be spending half of their time working
on the wellness grant. All four individuals are full-time employees of
MHS. The electronics company has only recently begun to operate the
charitable organization that awarded the grant. While they have gained
all the legal approvals necessary, they have not yet provided the
38. manuals and instructions for grant transactions that MHS usually
receives when grants are awarded. Consequently, guidance about
separate accounting is not yet forthcoming from the grantor.
Assignment Exercise 15–4: Identified Versus Allocated Costs in
Budgeting
The function I chose from the organizational chart is Finance.
Make up your own organization chart for other employee levels within
the function you have chosen.
Now make up another chart that indicates the operating budget costs
you think would be mostly identifiable for the department or unit or
division you have chosen and what other operating budget costs you
think would be mostly allocated to it.
Assignment Exercise 16–1: Capital Expenditure Proposals
Ted Jones, the Surgery Unit Director, is about to choose his strategy for
creating a capital expenditure funding proposal for the coming year.
Ted’s unit needs more room. The Surgery Unit is running at over 90%
capacity. In addition, a prominent cardiology surgeon on staff at the
hospital wants to create a new cardiac surgery program that would
39. require extensive funding for more space and for new state-of-the-art
equipment. The surgeon has been campaigning with the hospital board
members.
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HSA 525 Week 8 Discussion Contract
Negotiations and Risks and Operating Margins
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HSA 525 Week 8 Discussion,
“Contract Negotiations and Risks and Operating Margins” Please
respond to the following:
In the scenario, the contract negotiations between North Creek
Healthcare and the community hospital concluded with an agreement
on non-financial (legal) terms. Suggest the most critical element of the
contract and the impact to the short-term and long-term operational
strategy of a community hospital. Indicate the potential implications to
the hospital’s financial targets.
Imagine you work for a hospital where the operating margins have
been consistently below national norms for the past three (3) years.
Discuss one (1) key driver of the below average performance. Suggest
one (1) strategy to improve the future management of the driver that
you’ve discussed.
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40. HSA 525 Week 8 Homework 7 Ex 17-1, 17-2, 17-
3, Ex 18-1, 18-2, 18-3
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Assignment Exercise 17–1: Variance Analysis
Greenview Hospital operated at 120% of normal capacity in two of its
departments during the year. It operated 120% times 20,000 normal
capacity direct labor nursing hours in routine services and it operated
120% times 20,000 normal capacity equipment hours in the laboratory.
The lab allocates overhead
Set up a worksheet for applied overhead costs and volume variance
with a column for Routine Services Nursing and a second column for
Laboratory.
Set up a worksheet for actual overhead costs and budget variance with
a column for Routine Services Nursing and a second column for
Laboratory
Set up a worksheet for volume variance and budget variance totaling
net variance with a column for Routine Services Nursing and a second
column for Laboratory.
41. Assignment Exercise 17–2: Three-Level Revenue Forecast
Assumptions: for the base level (most likely) revenue forecast, assume
$200 per procedure times 4 procedures per day times 5 days’ equals 20
procedures per week times 50 weeks per year equals 1,000 potential
procedures per year.
For the best case revenue forecast, assume an increase in volume of
one procedure per day average, for an annual increase of 250
procedures (5 days per week times 50 weeks equals 250). (The best
case is if the practice gains a particular managed care contract.)
For the worst case revenue forecast, assume a decrease in volume of 2
procedures per day average, for an annual decrease of 500 procedures.
(The worst case is if the practice loses a major payer.)
Audiologists were designated as “eligible for physician and other
prescriber incentives” as discussed elsewhere. Thus the new service
line was a logical move.
Assignment Exercise 17–3: Target Operating Income
Acme Medical Supply Company desires a target operating income
amount of $100,000, with assumption inputs as follows:
• Desired (target) operating income amount = $100,000
• Unit price for sales = $80
• Variable cost per unit = $60
• Total fixed cost = $60,000
42. Compute the required revenue to achieve the target operating income
and compute a contribution income statement to prove the totals.
Assignment Exercise 18–1: Estimate of Loss
You are the practice manager for a four-physician office. You arrive on
Monday morning to find the entire office suite flooded from overhead
sprinklers that malfunctioned over the weekend. Water stands ankle-
deep everywhere. The computers are fried and the contents of all the
filing cabinets are soaked. Your own office, where most of the records
were stored, has the worst damage.
Assignment Exercise 18–2: Estimate of Replacement Cost
The landlord carries contents insurance that should cover the damage
to the furnishings, equipment, and to the computers, and the insurance
company adjuster will come tomorrow to assess the furnishings and
equipment damage. However, your boss is sure that the insurance
settlement will not cover replacement costs. Consequently, you have
been instructed to prepare an estimate of what has been lost and/or
damaged plus an estimate of what the replacement cost might be. How
would you go about it? What would your summary of these losses look
like?
Assignment Exercise 18–3: Benchmarking
43. Review the chapter text about benchmarking.
Required
Select an organization: either from the Case Studies in Chapters 27–28
or from one of the Mini-Case Studies in Chapters 29–31.
Prepare a list of measures that could be benchmarked for this
organization. Comment on why these items are important for
benchmarking purposes.
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HSA 525 Week 9 Discussion Leasing Equipment
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HSA 525 Week 9 Discussion,
“Leasing Equipment” Please respond to the following:
Suggest one (1) key economic factor that motivates leasing as an option
in acquiring an asset. Explain the potential asymmetries that may exist
where leasing may be beneficial to both the lessors and the lessee.
44. Determine one (1) significant benefit to an organization that decides to
lease an asset that conventional lease analysis evaluation reveals has a
negative Net Advantage to Leasing (NAL). Provide a real-life scenario
that supports your answer.
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HSA 525 Week 9 Homework 8 Ex 20-1, Ex 21-1,
21-2, 21-
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Assignment Exercise 20–1: Financial Statement Capital Structures
Required
Find three different financial statements that have varying capital
structures. Write a paragraph about each that explains the debt-equity
relationship and that computes the percentage of debt and the
percentage of equity represented.
45. Also note whether the percentage of annual interest on debt is
revealed in the notes to the financial statements. If so, do you believe
the interest rate is fair and equitable? Why
Assignment Exercise 21–1: Cost of Owning and Cost of Leasing
Using the appropriate table from the Chapter 12 Appendices, record
the present-value factor at 10% for each year and compute the present-
value cost of owning and the present value of leasing. Which
alternative is more desirable at this interest rate?
Assignment Exercise 21–2
Summarize the costs to the practice of owning a system (per Doctor
Smith) versus leasing (per Doctor Brown). Include a computation of
comparative present value. (Refer to Assignment 21-1 for setting up a
comparative present-value table.)
Cost of Owning: Per Dr. Smith at $35,000 with average maintenance of
$4500 (4,000 + 5,000)/2 — Comparative Present Value
Assignment Exercise 21–3
46. How much more information should Rob have before he begins to
make any calculations? Make a list. Which alternative do you believe
would be best? Give your reasons.
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HSA 525 Week 10 Assignment 3 Post-Merger
Analysis
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Assignment 3: Post-Merger Analysis
Due Week 10 and worth 280 points
In today’s uncertain economic and regulatory environment for the health
services industry, many organizations may be presented with merger and
acquisition opportunities to gain market share and drive financial and
operational efficiencies. Given the current state of this market segment:
Write a five to six (5-6) page paper in which you:
1. Suggest the key financial drivers that most likely will cause health
care organizations to merge. Provide support for your rationale.
2. Assuming that two (2) health care organizations have merged.
Determine the evaluation criteria that a financial analyst would use to
evaluate the financial performance of the organization post-merger, and
identify the determinants that the analyst would use to decide whether or
not the merger generated favorable financial results for the organization.
Provide support for your evaluation.
3. Determine the key factors that will drive the financial planning
process for most organizations in the post-merger phase, and examine
47. the related impact to the organization process. Provide support for your
rationale.
4. Create an argument to assert that the financial planning process is of
high value to a health care organization. Provide support for your
argument.
5. Predict the financial stability of the health care industry over the next
five (5) years. Provide support for your prediction.
6. Use at least three (3) quality academic resources. Note: Wikipedia and
other Websites do not qualify as academic resources.
Your assignment must follow these formatting requirements:
• Be typed, double spaced, using Times New Roman font (size 12), with
one-inch margins on all sides; citations and references must follow APA
or school-specific format. Check with your professor for any additional
instructions.
• Include a cover page containing the title of the assignment, the
student’s name, the professor’s name, the course title, and the date. The
cover page and the reference page are not included in the required
assignment page length.
The specific course learning outcomes associated with this assignment
are:
• Evaluate the financial statements and the financial position of health
care institutions.
• Describe the overall planning process and the key components of the
financial plan.
• Use technology and information resources to research issues in health
financial management.
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HSA 525 Week 10 DiscussionStrategic Planning
and Business Plan
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HSA 525 Week 10 Discussion,
Strategic Planning and Business Plan” Please respond to the following:
Ascertain the importance of strategic planning for an organization. Next,
suggest one (1) strategy you may use to structure the strategic planning
session for a not-for-profit mid-sized health organization that is
competing with several for-profit facilities
in the area. Then determine your approach to communicate the mission,
vision, and value statements for the strategic planning. Provide a
rationale for your response.
Use the Internet or Strayer databases to research articles on business
plan creation within health organizations. Next, based on your research
and analysis, recommend three (3) best practices of business plan
creation and support your response.• Evaluate the financial statements
and the financial position of health care institutions.
• Describe the overall planning process and the key components of the
financial plan.
• Use technology and information resources to research issues in health
financial management.
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HSA 525 Week 11 Discussion Future
Developments and Future of Financial
Management
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HSA 525 Week 11 Discussion,
“Future Developments and Future of Financial Management” Please
respond to the following:
Reflecting on the various topics discussed throughout the course,
describe one (1) concept that will be affected most by the latest
developments in health reform.
Examine at least two (2) specific changes that you anticipate in the role
of the health care financial manager over the next decad
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