HCMT-527: Health Care Finance Download Entire Course Solutions
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HCMT-527: Health Care Finance Download Entire Course Solutions
Course Summary:HCMT-527: Health Care Finance Download Entire Course Solutions
Description
HCMT-527: Health Care Finance Download Entire Course Solutions
Topic Outline
- Week 1: Changing Methods of Health Care Financing and Delivery / The High Cost of Health Care / Value Based Purchasing
- Week 2: Organizational Structure / Risk and Reward / Basic Financial Statements / Basic Healthcare Accounting
- Week 3: Financial Statements and Ratio Analysis / Evaluating Costs / Financial Analysis of Health Care Organizations / Working Capital Management
- Week 4: Time-Value Analysis / Future Value (FV)and Compounding / Present Value (PV)Calculation / Forecasting Revenue and Costs in Health Care / Breaking Even / The Investment Decision / Ratio Analysis
- Week 5: Equity Financing / Debt Financing / Break-Even Analysis / Product Margin / Special Decisions
- Week 6: Responsibility Accounting / Budgeting
- Week 7: Activity Based Costing / Cost-to-Charge Ratio / Step-Down Method
- Week 8: Evolution of the Payment System / Risk Sharing / Evolving Issues / Technology
HCMT-527: Health Care Finance Download Entire Course Solutions
Course Competencies
At the end of this course students will be able to:
- Understanding the unique characteristics of the various forms of health care organizations with respect to their financial constraints, challenges and regulations, incorporate design thinking into new models of financial management.
- Evaluate the interrelated functional operations that routinely occur in healthcare financial departments, assess their role in the organization’s operation, and propose innovative process improvements. Example areas are: healthcare billing; patient accounting/accounts receivable management; management accounting; budget; regulatory/third party financial accountability; material/inventory control; payroll/accounts; payable management.
- Using a case study, prepare a healthcare organization budget that supports improved patient outcomes and quality, increased value and operational requirements, in compliance with all related laws and regulations.
- Using concepts of financial accountability and regulatory reporting requirements that routinely exist in modern healthcare settings for both profit and not-for-profit organizations in operational as well as ethical settings, develop policies and processes that fulfill the needs of the organization in compliance with all related laws and regulations.
- Using concepts of innovation and design thinking, develop IT and financial management policies and processes that improve financial performance and efficiencies in the context of enhancing quality and clinical outcomes, in compliance with laws and regulations. Gain an understanding of SWOT and Root Cause Analysis.
- Using a variety of financial management tools, analyze the financial impacts of large-scale capital investment and change projects, and develop alternative strategies that leverage data-driven decision making concepts and design thinking.
- Using large data sets and typical platforms used by healthcare systems for collecting, storing, and distributing data, provide answers to financial and strategic questions regarding long-term capital investment based upon clinical trends and explain the benefits and limitations of the data analysis processes.
HCMT-527: Health Care Finance Download Entire Course Solutions
Methods of Assessment
Course Expectations & Evaluation
Your final grade will be determined based on the following:
| Component | Description | Percentage Value |
|---|---|---|
| Discussion | Weekly Discussion threads | 30% |
| Assigned Problems | Textbook Problems | 25% |
| Case Analysis | A Case on Finance and Economic issues | 5% |
| Washington State Project and Course-to-Course Project | Topics related to health care finance analyses | 40% |
| Extra Credit | Course Evaluations | 1% |
| TOTAL | 101% | |
Turnitin enables instructors to create accounts through which student papers are submitted and checked for originality. This feature has been turned on for this course.
HCMT-527: Health Care Finance Download Entire Course Solutions
Discussions
Weekly discussions are an integral part of learning at Champlain College and represent a significant portion of a student’s overall grade. In order to be successful, students should:
- Post a thorough, well-crafted initial response that fully addresses and develops all aspects of the prompt by the due date.
- Engage substantively throughout the discussion period by responding to others with questions or comments that demonstrate interest, build upon the ideas of others, and encourage elaboration.
- Apply and integrate concepts from this course as well as from quality resources including journals, websites, readings from another class, relevant work or life experience, etc.
- Demonstrate attention to style, structure, grammar, etiquette, and proper citation of references to maintain academic integrity.
Please refer to the Discussion Rubric below for important information regarding expectations for participation in the Discussion fora. The descriptions show what exemplary work looks like for each aspect of an overall discussion. Please review the CCO Discussion Rubric and FAQs for more information.
HCMT-527: Health Care Finance Download Entire Course Solutions
| Criteria | Description | Max Points |
|---|---|---|
| Application | Explicitly and thoroughly explains, applies, and integrates a) concepts from this or other courses, b) outside resources or research, c) life experiences, and/or d) processes used to solve problems. | 30 pts |
| Critical Thinking | Clearly articulates a desire to a) reflect, b) explore possibility, c) recognize ambiguity, d) question assumptions, and/or e) search for logical relationships among ideas. Selects, analyzes, and synthesizes relevant information to demonstrate original thinking. | 30 pts |
| Collaboration | Fosters collaborative learning while a) problem-solving, b) respectfully challenging others, and/or c) expanding thinking through responses and reflection with other learners throughout the week. Builds on classmate and instructor contributions to deepen the conversation. | 30 pts |
| Presentation | Demonstrates attention to APA/MLA style and structure, adheres to rules of grammar and etiquette, and properly cites references to literature and course materials. | 10 pts |
| Total Points: 100 | ||
HCMT-527: Health Care Finance Download Entire Course Solutions
NOTE: Discussions are designed for maximum student participation and engagement. It is critical to the success of these courses that students contribute to the Discussions in a timely manner. Therefore, NO late postings to the Discussions will be accepted without prior arrangement with the instructor.
HCMT-527: Health Care Finance Download Entire Course Solutions
Written Assignments
Your written assignments will be assessed using the following rubric:
| Criteria | Description | Maximum Points |
|---|---|---|
| Appropriate and Relevant Content | Submission is articulate and relevant to course learning objectives, and applies those concepts to workplace situations. Submission provides clear evidence from the course readings and lecture information that demonstrates sound interpretation and reasoning. All opinion-based comments relate to the assignment and are fully supported by evidence from the course resources and other research. | 50 |
| Innovation and Critical Analysis | Submission expands the analysis beyond the scope of presented materials by providing evidence of reflection and insight, and integration of original and practical ideas. Submission provides solutions or positions based on well supported conclusions (i.e. evaluated relative to the issues of the assignment); Submission explores sound ideas in nontraditional ways. Submission recognizes the interrelatedness of stakeholders; Submission includes points that are crucial to the analysis and clearly addresses alternative points of view through integration of various perspectives. | 30 |
| Professional Language and Style | Submission is free of spelling and grammar errors. Language of submission clearly and effectively communicates ideas. Submission style is consistently professional. APA style is used for references and formatting and contains no errors. | 10 |
| Overall Assessment | Submission viewed in entirety; overall flow and achievement of learning objectives. | 10 |
| Maximum Total Points: 100 | ||
HCMT-527: Health Care Finance Download Entire Course Solutions
Case Analysis
Case reports are part of the graded assignments for this course. One case is provided by the instructor. The case must include: Writing format using APA style guide. The case MUST BE SUBMITTED in the Case Analysis assignment for grading. The criteria for grading the case analyses are described below:
| Category | Points | Details |
|---|---|---|
| Needs Improvement | Less than 70% of points
| Case analysis has errors in grammar, spelling, and punctuation. The content does not demonstrate a clear understanding of the case material. Limited use of applied learning and critical thinking. Assessment, conclusions, and recommendations are incomplete or missing. Format is not in standard APA. Citations are missing or not appropriate. |
| Meets Assignment Criteria | 70-89% of points
| Case analysis is appropriate for the assignment, few errors in grammar, spelling, and punctuation. Good use of critical thinking and applied learning for the case. Assessment, conclusions, and recommendations demonstrate good application of course concepts. Format is APA. Citations used are adequate and appropriate. |
| Demonstrates Excellence in Meeting Assignment Criteria | 90-100% of points
| Case analysis is appropriate for the case assignment, no errors in grammar, spelling, and punctuation. Good use of critical thinking and applied learning. Assessment, conclusions, and recommendations demonstrate high level application of course concepts. Format is APA. Well cited materials used. |
HCMT-527: Health Care Finance Download Entire Course Solutions
Assigned Problems
Specific problems from the textbook will be assigned. Problems can be submitted in spreadsheet, tabular, or Word document format. The criteria for grading the assigned problems are described below:
| Category | Points | Details |
|---|---|---|
| Needs Improvement | Less than 70% of points
| Frequent errors or unacceptable mistakes indicative of a lack of understanding of core principle(s) |
| Meets Assignment Criteria | 70-89% of points
| Some errors, but demonstrates understanding of principles and mechanics of the problem solution |
| Demonstrates Excellence in Meeting Assignment Criteria | 90-100% of points
| No major errors and any minor errors or alternative solutions do not violate principles |
HCMT-527: Health Care Finance Download Entire Course Solutions
Washington State Healthcare Course Project
Students will perform analysis and research regarding a community healthcare delivery issue. The course project will include: Title page, abstract, discussion, citations, and a minimum of five reference sources. The format should be written using APA style guide and should be approximately 2000 words in length. The criteria for grading the course project is described below:
| Category | Points | Details |
|---|---|---|
| Needs Improvement | Less than 70% of points
| Course project is not appropriate for the assignment description. Writing style has errors in grammar, spelling, and punctuation. The content does not demonstrate a clear understanding of the topical material. Citations and references are incomplete or missing. Format is not in standard APA. |
| Meets Assignment Criteria | 70-89% of points
| Course project is appropriate for the assignment description with few errors in grammar, spelling, and punctuation. Good use of critical thinking and applied learning in describing the topical issues. Format is in standard APA. Citations and list of at least two references are used. |
| Demonstrates Excellence in Meeting Assignment Criteria | 90-100% of points
| Course project is appropriate for the assignment description with no significant errors in grammar, spelling, and punctuation. Good use of critical thinking and applied learning in describing the topical issues. Topic is thoroughly and concisely addressed. Format is in standard APA. Citations and list of at least three references are used. |
HCMT-527: Health Care Finance Download Entire Course Solutions
Student Resources & Policies
Academic Honesty Policy
Champlain College students are expected to be familiar with and adhere to the College’s policy for Academic Honesty. (Links to an external site.) Academic honesty entails creating original assignments, using your own words, and when using the words and ideas of others, documenting those sources using the method specified in this course. Please consult with your instructor if you are in doubt. Violations of the policy could result in a grade of F on the assignment or in the course as well as dismissal from the College.
Grading Policies
CCO Grading Policy (Links to an external site.)
Grading Scale (Links to an external site.)
HCMT-527: Health Care Finance Download Entire Course Solutions
HCMT-527: Health Care Finance Download Entire Course Solutions
Course Summary:HCMT-527: Health Care Finance Download Entire Course Solutions
| Sunday | Monday | Tuesday | Wednesday | Thursday | Friday | Saturday |
|---|---|---|---|---|---|---|
25 July 2021 Previous month | 26 July 2021 Previous month | 27 July 2021 Previous month | 28 July 2021 Previous month | 29 July 2021 Previous month | 30 July 2021 Previous month | 31 July 2021 Previous month |
1 August 2021 | 2 August 2021 | 3 August 2021 | 4 August 2021 | 5 August 2021 | 6 August 2021 | 7 August 2021 |
8 August 2021 | 9 August 2021 | 10 August 2021 | 11 August 2021 | 12 August 2021 Today | 13 August 2021 | 14 August 2021 |
15 August 2021 | 16 August 2021 | 17 August 2021 | 18 August 2021 | 19 August 2021 | 20 August 2021 | 21 August 2021 |
22 August 2021 | 23 August 2021 | 24 August 2021 | 25 August 2021 | 26 August 2021 | 27 August 2021 | 28 August 2021 |
29 August 2021 | 30 August 2021 | 31 August 2021 | 1 September 2021 Next month | 2 September 2021 Next month | 3 September 2021 Next month | 4 September 2021 Next month |
HCMT-527: Health Care Finance Download Entire Course Solutions
Week 1 – Discussion 1 – Evolution of the Health Care Delivery Systems
Please refer to the Discussion Grading Rubric for important information regarding expectations for participation in this and all Discussion fora in this course.
The healthcare delivery system within the United States is in the process of unparalleled changes relating to the transitioning to an Accountable Care Organization. Currently, the overall health care system is unstable with many hospital closures, merging, or collaborating with larger and more affluent organizations. Often times the local health care autonomy is being transitioned accordingly so the facility and services survive; especially for those serving rural isolation and “Safety-net” populations. Hospitals that have positioned themselves in more favorable financial strategies definitely have more advantages and influence to serve as lead organizations for such transitions.
HCMT-527: Health Care Finance Download Entire Course Solutions
Using your knowledge of innovative and creative thinking, and your understanding of several project management techniques, what steps and format would you envision in transitioning from a traditional delivery model to a collaboration that will result in the formation of a regional alignment and affiliation with a regionalized system that strives to improve the overall health of an identified population base? How would you convey this concept to your Board of Directors? Do you think there are any mental models that board members have that you need to be aware of?
Comment to your class colleagues’ approaches to this problem. What would work, and what wouldn’t? Be specific and add your critical thoughts. We will learn through sharing concepts.
Please submit your initial post by Tuesday at 11:59 pm and all follow-up posts by Sunday at 11:59 pm. The discussions grading rubric is used for this assignment.
HCMT-527: Health Care Finance Download Entire Course Solutions
Week 1: Autobiographies
HCMT-527: Health Care Finance Download Entire Course Solutions
Week 1 – Discussion 2 – Hospital Value Based Purchasing (HVBP)
HCMT-527: Health Care Finance Download Entire Course Solutions
HCMT-527: Health Care Finance Download Entire Course Solutions
Week 1 – Assignment 1-2 – Value Based Purchasing
- Due Mar 10, 2019 by 11:59pm
- Points 100
- Submitting a text entry box, a website url, a media recording, or a file upload
This week the lecture and discussions were relating to gaining an overview and understanding base of Healthcare Value Based Purchasing. This Assignment is requesting you to write a two-page report summarizing the format of an existing HVBP system. There are multiple websites in which hospitals are sharing information about their individual concepts. Please select one organization for your research and summarize your opinions and comments about positives/negatives of that identified program. Please cite references appropriately.
HCMT-527: Health Care Finance Download Entire Course Solutions
Week 1 – Assignment 1-1 – The Patient Protection and Affordable Care Act
- Due Mar 10, 2019 by 11:59pm
- Points 100
- Submitting a text entry box, a website url, a media recording, or a file upload
Not-for-profit hospitals are required by the Internal Revenue Service to prepare periodic Community Benefit Reports to ensure they are providing adequate charity care and other no charge services to ensure the community is being served appropriately. Each hospital must maintain an accurate and detailed accounting of all charity care and discounted services rendered to patients. In addition, they must indicate the community outreach and health/educational services offered at no charge to the public. Examples would include health fairs, health presentations, wellness services, screenings, free meeting spaces, nutritional education, stress management, etc. Data must be maintained indicating time, dates, workforce hours and related costs. They should also include the attendance records to attest to real benefit in assisting the community being served.
I have attached an extremely well prepared website that really indicates the best concepts to ensure the facility is meeting these objectives.
Now, after reviewing the website, please provide a two page report listing examples of how such services are being offered and conducted by the hospital serving your local community. There are multiple methods to achieve this information. I would first look at their website and determine if there is relevant information noted. You may also contact the local hospital and ask for their public relations, health education or marketing department’s to ask about such programs. (Cite reference sources as appropriate.)
Look over IRS Schedule H 990 and comment on the new Community Benefit Reporting Requirements. Please use the website to look for IRS Schedule H-990.
Community Benefit Overview – Catholic Health Association of …
HCMT-527: Health Care Finance Download Entire Course Solutions
Week 1: Initial Course-to-Course Project Overview Assignment
- Due Mar 10, 2019 by 11:59pm
- Points 100
- Submitting a file upload
MS HCA Program – Course-to-Course Project Evolution
In all of the courses post HCMT-545, you will evaluate your project using the thinking you already developed and then incorporate viewpoints provided by these subsequent courses. For example, in Health Care Information Systems, you considered the impact of technology on your project, and now in Health Care Finance, we’ll be considering the impact of financial considerations on your project, and so on.
Please write a detailed description of your project and be sure to include the aspects of systems thinking and creative design/innovation that were essential to the development of it. Save your write up so you can tweak it from course to course and submit it at the beginning of each one. Remember – while your class colleagues are likely familiar with your project, the Instructor is not. Please provide sufficient detail regarding your project so your Instructor will have a good understanding of it.
At the end of your write up, ask any questions you may have regarding the application of this course to your project. Include expectations as to what you want to get out of the current course as it relates to the support and development of your project.
Additional information is here: Course-to-Course Project Evolution
HCMT-527: Health Care Finance Download Entire Course Solutions
Context: This course deals directly with health care finance and its impact on the health care delivery system from a variety of perspectives. These are the concepts you will need to incorporate (by the end of week 8) into the project you created in HCMT 515 and perhaps HCMT 545. You will need to take into consideration all of the aspects of health care finance that will be covered in this course, and ensure these aspects are incorporated into thinking about your project topic. Secondly, health delivery quality is vital for a successful organization. You need to ensure the quality, service needs and fiscal operations for every project consideration. In week 8, you will submit a detailed financial analysis of your project.
The goal here is this: To eventually apply the concepts of health care finance that we are addressing in this course to add another dimension to your project’s ability to contribute to high quality, effective, efficient, and accessible health care delivery. View your project through the lens of financial and quality considerations, and explain how these new elements can enable your project to provide better healthcare.
At this point, it is understandable that you may not yet know all of the elements to be covered in this course (it’s only the first week, after all!). That’s okay. For this first assignment, we are expecting a high level overview that addresses the information in the paragraphs that begin with underlined text, above.
HCMT-527: Health Care Finance Download Entire Course Solutions
Week 2 – Discussion 1 – Financial Statements
HCMT-527: Health Care Finance Download Entire Course Solutions
Week 2 – Assignment 2-1 – Balance Sheet/Statement of Operations
- Due Mar 17, 2019 by 11:59pm
- Points 100
- Submitting a text entry box, a website url, a media recording, or a file upload
Health Care Financial Statement Analysis
Chapters 2 & 3 discuss an overview of the four basic types of Healthcare Financial Statements. These statements include the Balance Sheet, Statement of Operations, Statement of Changes in Net Assets and Statement of Cash Flows. Each Statement is designed to provide meaningful financial information to guide the governance, administrators and leaders of the organization in evaluating the fiscal operations and guide sound business decisions of the facility. It is important for you to become familiar with the formats and terminologies of these statements and more so, to develop a logical understanding to utilize needed information through reviewing these statements in making appropriate financial operational and strategic business decisions for the facility. The following is a brief description of each statement:
Balance Sheet – The Balance Sheet records what an organization owns (Assets), what it owes (Liabilities), and what it is worth (Net Assets) at a specific date in time. (Snapshot in time!!)
Statement of Operations (Statement of Income & Expense) – This Statement reports the inflow of revenue and the outflow of expenses over a stated period of time (one month, one year, etc.) The net result is also reported, either as an excess of revenue over expense or, in the case of a loss for the period, an excess of expense over revenue.
Statement of Cash Flows – This Statement reports the current period cash flow by taking the accrual basic statement and converting them to an effective cash flow. This is accomplished by a series of reconciling adjustments that account for the noncash amounts.
Statement of Fund Balance (Net Worth) – This Statement reports the excess of revenue over expenses (or vice versa) for the period as the excess flows into equity (or reduces equity, in the case of a loss for the period.
HCMT-527: Health Care Finance Download Entire Course Solutions
Assignment Detail
In an effort to gain a better understanding of actual hospital financial statements, this Assignment will provide students with an opportunity to prepare such statements based upon audited reports obtained through two small hospitals located in Klickitat County in the State of Washington. Upon completion of this assignment; students will have actually prepared a Balance Sheet, Statement of Operations, and a Statement of Cash Flow. The respective hospital identities have been blinded for this assignment. Please realize these are comparable facilities in size and service areas.
Klickitat Hospital and Skyline Hospital are unrelated Critical Access Facilities located in rural areas which have higher rates of poverty, rural isolation and extreme distance from regional urban medical centers. They are approximately forty miles apart and not related. The hospitals are each needed to provide basic healthcare requirements for their respective service areas. Further, each serves as a major source of employment and economic stimulation for their service areas. Due to the continued changes in federal and state legislation and fiscal controls, these facilities are struggling to maintain services. They are beginning to consider strategies to ensure services will be available for future generations. There are multiple options available through networking, consolidation with larger regional hospitals, being taken over by the neighboring medical center or permanent closure. The governance wants to ensure local control and continued identity as a “hub” within the community. These hospitals are discussed in specific detail as part of the Course Project. We will be working periodically during the Course to acquire, evaluate and interpret various fiscal and clinical information accordingly.
HCMT-527: Health Care Finance Download Entire Course Solutions
Below, are completed copies of Klickitat Hospital’s (2016/2015) audited Balance Sheet, Statement of Operations and Statement of Cash Flows. They are in the actual format as submitted by the Facility to CMS. Also, attached are the comparative Financial Account Summaries for the Skyline Hospital.
Through this Assignment, the student will complete a Balance Sheet and Statement of Operations for the Skyline Community Hospital based upon the provided information. The end reports should be prepared in a similar manner to the attached Reports for Klickitat Hospital. Please realize, the student will be required to sub-total and total the various “footings” for all Statements. These are not given numbers in the work papers. Please use the Excel format as provide.
As you complete this Assignment, try to gain an understanding of the concerns and consider what steps may be necessary for corrective actions to ensure services are maintained. Compare the two facility statements to further your understanding of the variances within the two hospitals. Realize it is extremely difficult for rural and smaller hospitals to dedicate needed and limited resources for technology upgrades, provider recruitment and physical plant upgrades needs. We will be expanding this Assignment over the coming two weeks. Be sure your accounts balance and if it states “Less“: it means to subtract!!
Klickitat Hospital Statements-1.xlsx download
Skyline Community Hospital Financials.xlsx download
Skyline Excel Template.xlsx download
Please read the following clarification points when completing this Assignment:
Accounts Receivable $10,049,197 $ 9,584,316 $464,881
Less-Estimated Uncollectible & Allowance $ (7,905,259) $(7,441,004) $(464,255)
Net Patient Accounts Receivable $ 2,143,938 $ 2,143,312 $ 626
You will see the Balance Sheet Account entitled Net Patient Accounts Receivable. The above is the calculation for this account. You need to calculate the two items together.
2. Liabilities have an account entitled Accounts Payable and Accrued Expenses. Just add the two items together. This would include the Accounts Payable + Accrued Compensation/Related Liabilities collectively. This should together equate to $1,872,664. (Accounts Payable $898,931 + Accrued Compensation/Related Liability $973,733).
3. Non-Wage Operating Expenses include all expense categories that are not otherwise listed on the Statement of Operations (Operating Expenses) categories.
HCMT-527: Health Care Finance Download Entire Course Solutions
Week 2 – Assignment 2-2 – Statement of Cash Flow
- Due Mar 17, 2019 by 11:59pm
- Points 100
- Submitting a text entry box, a website url, a media recording, or a file upload
On the attachment below is the Audited Statement of Cash Flow for the Klickitat Community Hospital. This Statement was fully calculated from the Balance Sheet and Statement of Operations as presented in Assignment for Week 2: Assignment 2-1.
Based on the Statement of Cashflow for the Klickitat Community Hospital, you are to prepare a similar Statement of Cash Flow for the Skyline Community Hospital for the Fiscal Year Ending December 31, 2016. You will be required to refer to your homework submission of the previous Module in acquiring the needed information (Skyline Community Hospital Balance Sheet and Statement of Operations). Check previous homework for any corrections made by the instructor during the grading process. Be sure to compare the financial statements with the Klickitat Community Hospital to ensure the Cashflow Statement is prepared appropriately.
It is recommended that you refer to the Textbook Chapters 2 and 3 relating to Statement of Cash Flows. Please open attached template model. Use this model to submit Assignment.
HCMT-527: Health Care Finance Download Entire Course Solutions
Week 3 – Discussion 1 – Ratio Analysis
HCMT-527: Health Care Finance Download Entire Course Solutions
Week 3 – Discussion 2 – Fraud and Abuse
HCMT-527: Health Care Finance Download Entire Course Solutions
Week 3 – Assignment 3-1 – Ratio Analysis
- Due Mar 24, 2019 by 11:59pm
- Points 100
- Submitting a text entry box, a website url, a media recording, or a file upload
Bench-marking of ratios is extremely important for healthcare leaders in monitoring the fiscal operations of their facility. In an effort to gain a better understanding of the ratio comparisons; this Assignment will provide the student with opportunities to complete various ratio analyses based upon a real hospital situation. To complete this Assignment; you will refer back to the previous Assignment 2-1 relating to the Skyline Community Hospital – Balance Sheet and Statement of Operations for Fiscal Year Ending 12/31/16. You are asked to complete a Ratio Analysis for this facility using the attached model guidelines relating to neighboring Klickitat Community Hospital. You will only complete the ratio analysis for the 2016 fiscal year. Additional information is available from a previous assignment. Please realize this Assignment further ties to the Class Project. Show all calculations in efforts to receive partial credit.
When you are finished with this Assignment, compare the information for both facilities as this will provide you a greater understanding of the importance in completing a Ratio Analysis. Try to interpret the meaning of the comparisons for your own benefit. Hopefully, you will determine the importance of trending ratio reviews to internal historical ratios and external data.
Klickitat Ratio Analysis.docx download
Skyline Hospital Ratio Report-1.docx download
Comparative Financial Statements – Project-1.xlsx download
HCMT-527: Health Care Finance Download Entire Course Solutions
Week 3 – Assignment 3-2 – Questions and Problems
- Due Mar 24, 2019 by 11:59pm
- Points 100
- Submitting a text entry box, a website url, a media recording, or a file upload
- File Types doc, docx, xls, and xlsx
Assignment Specifics
You serve as a Consultant for the following list of hospitals located in the State of Maine as relating to Cash Flow and monitoring Accounts Receivable. Attached are the trending comparisons of these hospitals within the State. Please review the data and interpret your findings. Upon this review please recommend changes as relating to any facilty issues which you might have discovered. Please state your conclusions and recommendations for corrective action if needed. Your response should be specific using your critical thinking skills.
| Facility | 2013 | 2014 | 2015 | 2016 | |
| Eastern Maine Medical Center | 31.2 | 38.8 | 39.8 | 43.3 | |
| Maine General Medical Center | 39.1 | 58.5 | 99.6 | 87.1 | |
| Maine Medical Center | 34.7 | 34.3 | 32.5 | 31.1 | |
| Mid Coast Hospital | 37.9 | 48.3 | 53.9 | 62.1 | |
| Average Hospitals In Maine | 42.6 | 44.4 | 48.2 | 49.7 |
HCMT-527: Health Care Finance Download Entire Course Solutions
Week 4 – Discussion 1 – Internal Rate of Return
You are asked to compute an internal rate of return (IRR) on a new piece of equipment. You do so and the IRR indicates that the investment would never pay for itself. However, you feel strongly that the investment should be made anyway. Under what circumstances would you advocate for the new equipment, even though the IRR is negative; and, what type of mental models do you need to be prepared to address, given the negative IRR?
Assuming you still support the equipment purchase; how would you build your case and what logical supporting materials would you present to the Hospital Board of Directors? Here are some of the variables you need to consider: Mission Effectiveness, Safety-Net Facility, limited cash flow, community needs, quality of services, stewardship, continued operational solvency, opportunity cost, etc. What is your final conclusion?
Please submit your initial post by Tuesday at 11:59 pm and all follow-up posts by Sunday at 11:59 pm. The discussions grading rubric is used for this assignment.
