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HCA 270 Competitive Success/snaptutorial.com

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1 HCA 270 Competitive Success/snaptutorial.com

2 HCA 270 Entire Course For more classes visit www.snaptutorial.com HCA 270 Week 1 DQ 1 and DQ 2 HCA 270 Week 1 Individual Financial Concepts and Reports HCA 270 Week 2 Individual Balance Sheets and Income Statements HCA 270 Week 2 Individual Contractual Allowances, Grouping Revenue and Expenses

3 HCA 270 Competitive Success/snaptutorial.com HCA 270 Week 1 DQ 1 and DQ 2 For more classes visit www.snaptutorial.com Week 1 DQ 1 What are some of the common roles and functions of financial managers? Describe the basic differences between a comptroller and a treasurer. How important do you think an internal auditor is to an organization? Explain your answer. Week 1 DQ 2: Why do we need financial and managerial accounting? What are the differences between the two? List references if you use a source other than the text.

4 HCA 270 Competitive Success/snaptutorial.com HCA 270 Week 1 Individual Financial Concepts and Reports For more classes visit www.snaptutorial.com Individual Financial Concepts and Reports Complete the Axia Material: Financial Concepts and Reports worksheet by matching the financial concepts, reports, and real-world examples. Post the assessment as an attachment

5 HCA 270 Competitive Success/snaptutorial.com HCA 270 Week 2 Individual Balance Sheets and Income Statements For more classes visit www.snaptutorial.com Individual Balance Sheets and Income Statements Understanding balance sheets and income statements can be difficult and the terms associated with each are commonly confused. To help you become more familiar with concepts associated with each and more successful in finance, study and test your knowledge by quickly recognizing which term belongs on which form. Complete the Balance Sheets and Income Statements multimedia game on the student website by correctly classifying the terms as either balance sheet- or income statement-specific.

6 HCA 270 Competitive Success/snaptutorial.com HCA 270 Week 2 Individual Contractual Allowances, Grouping Revenue and Expenses For more classes visit www.snaptutorial.com Individual Contractual Allowances, Grouping Revenue and Expenses Resource: Axia Material: Contractual Allowances, Grouping Revenue, and Grouping Expenses Complete Part I by computing contractual allowances. Complete Part II by indicating the cost center and the correct revenue source. Complete Part III by indicating the cost center for the expense.

7 HCA 270 Competitive Success/snaptutorial.com HCA 270 Week 3 DQ 1 and DQ 2 For more classes visit www.snaptutorial.com Week 3 DQ 1: Provide an example of a direct cost and indirect cost from your workplace or an organization with which you are familiar. What is the difference? Explain your answer. List references if you use a source other than the text. Week 3 DQ 2: Understanding the difference between fixed and variable costs, what area of a health care facility or physician practice do you think would have a greater amount of variable costs than fixed? What would you suggest to lower the fixed costs for the same area?

8 HCA 270 Competitive Success/snaptutorial.com HCA 270 Week 3 Individual Costs Classification For more classes visit www.snaptutorial.com Individual Costs Classification Review the classification of costs presented in Ch. 6 of Health Care Finance. Complete the Axia Material: Costs Classification worksheet. Post your assignment as an attachment.

9 HCA 270 Competitive Success/snaptutorial.com HCA 270 Week 4 Individual Annualizing Staffing For more classes visit www.snaptutorial.com Individual Annualizing Staffing Review Exhibit 9-2 in Ch. 9 of Health Care Finance, regarding annualizing calculations and positions. Complete the Axia Material: Annualizing Staffing worksheet by determining the physician practice staffing needs Calculate the staffing factor. Post your assignment as an attachment.

10 HCA 270 Competitive Success/snaptutorial.com HCA 270 Week 4 Individual Managing Staff For more classes visit www.snaptutorial.com Individual Managing Staff Accounting practices and principles are at the heart of a manager’s role. To understand the needs of operating a department, it is necessary to understand the importance of accounting in identifying operational needs. Review the Axia Material: Annualizing Staffing worksheet. Write a 700- to 1,050-word paper, identifying the role of the health care manager, comparing productive and nonproductive time. Consider the following:

11 HCA 270 Competitive Success/snaptutorial.com HCA 270 Week 5 DQ 1 and DQ 2 For more classes visit www.snaptutorial.com Week 5 DQ 1 Each department is responsible for inventory control. At your workplace or an organization with which you are familiar, what type of inventory method is utilized, last-in, first-out or first-in, first-out? WEEK 5 DQ 2 What is the relationship between inventory and cost of goods sold by a pharmacy or medical supply?

12 HCA 270 Competitive Success/snaptutorial.com HCA 270 Week 5 Individual Computing Book Depreciation For more classes visit www.snaptutorial.com Individual Computing Book Depreciation Resources: Axia Material: Assignment Form, Health Care Finance Complete the table by defining the five methods of computing book depreciation. Write an explanation for why it is important for a health care facility or physician practice to pay attention to depreciation more than a computer software business. Post your assignment as an attachment

13 HCA 270 Competitive Success/snaptutorial.com HCA 270 Week 6 Individual Comparative Data For more classes visit www.snaptutorial.com Individual Comparative Data Resource: Axia Material: Comparative Data Complete the table by answering the following questions: · What criterion must be met for true comparability? · What elements of consistency should be considered? · What is the manager’s responsibility in comparing data? · What are the four common uses of comparative data? · What is meant by standardized data?

14 HCA 270 Competitive Success/snaptutorial.com HCA 270 Week 6 Individual Time Value of Money For more classes visit www.snaptutorial.com Individual Time Value of Money Complete Part I of the Axia Material: Time Value of Money worksheet by defining the time value of money. Include a real-world example that illustrates the concept. Answer the questions: · Why is time such an important factor in financial matters? · How might you use the principles of the time value of money to your financial benefit? Complete Part II by calculating the present value, internal rate of return, and payback period depicted in the worksheet. Post your assignment as an attachment.

15 HCA 270 Competitive Success/snaptutorial.com HCA 270 Week 7 DQ 1 and DQ 2 For more classes visit www.snaptutorial.com Week 7 DQ 1 What do you think is the major purpose of financial statements? Why? Explain what type of information can be derived from each statement. List references if you use a source other than the text.

16 HCA 270 Competitive Success/snaptutorial.com HCA 270 Week 8 Individual Final Project Resources For more classes visit www.snaptutorial.com Individual Final Project Resources Submit the sources you are using in your final project in APA format.

17 HCA 270 Competitive Success/snaptutorial.com HCA 270 Week 8 Individual Ratio Analysis For more classes visit www.snaptutorial.com Individual Ratio Analysis Resources: Ch. 11 of Health Care Finance, Doctors Smith and Brown Statement of Net Income and Balance Sheet Use the Axia Material: Ratio Analysis Form to complete the following: Define each of the following ratios: o Current ratio o Quick ratio o Debt service coverage ratio o Operating margin

18 HCA 270 Competitive Success/snaptutorial.com HCA 270 Week 9 Capstone DQ For more classes visit www.snaptutorial.com Capstone Discussion Question Respond to the capstone discussion question. Provide an example of a health care capital expenditure. Why is the capital expenditure budgeting process important? What concepts should be considered when evaluating a capital expenditure? What do you feel is the most important factor when considering a capital expenditure proposal.

19 HCA 270 Competitive Success/snaptutorial.com HCA 270 Week 9 Final Project Implementing EMR For more classes visit www.snaptutorial.com Final Project Implementing EMR Information technology has enhanced operational activities throughout the health care industry. Much has been discussed in financial analysis, price, and acquisition discrepancies. The decision to acquire and implement technology, and justify the cost has perplexed physicians and health care facilities. Assume you are an office manager in a physician’s group practice. As the office manager, you have been asked to review and explain the financial implications of implementing electronic medical records (EMR).

20 HCA 270 Competitive Success/snaptutorial.com


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