MHA 5001, Health Care Financial Management Essay Assignment papers

MHA 5001, Health Care Financial Management Essay Assignment papers

MHA 5001 Unit VI Assessment

Question 1

Why would public service organizations need to measure income?

Your response must be at least 75 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

Question 2

Consider the revenue results from telephone solicitations by Meals for the Homeless on page 317 in your textbook (see Exhibit 10-2). What do you make of this? What are some possible explanations? What questions do you have? MHA 5001, Health Care Financial Management Essay Assignment papers

Question 3

Is the information on the balance sheet, activity statement, and cash flow statement independent of one another or connected? Explain your answer. MHA 5001, Health Care Financial Management Essay Assignment papers

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Question 4

What are the problems with the objective evidence and cost conventions, and how can they be overcome?

MHA/5001 Unit VI Discussion Board

Why are the subcategories of net assets important? Do not forget to include unrestricted, temporarily restricted, and permanently restricted net assets. MHA 5001, Health Care Financial Management Essay Assignment papers

MHA 5001 Health Care Financial Management

MHA 5001 Entire Course (A+ Work)

MHA 5001 Unit I Assessment

MHA 5001 Unit II Assessment & Discussion Board

MHA 5001 Unit II Homework

MHA 5001 Unit III Homework Solution

MHA 5001 Unit IV Research Paper Outline

MHA 5001 Unit V Homework & Discussion Board Question

MHA 5001 Unit VI Assignment & Discussion Board Question

MHA 5001 Unit VII Homework, Assessment & DQ

MHA 5001 Unit VIII Research Paper and Discussion Board

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MHA 5001 Unit 1 Assessment

Question 1

What is the difference between financial management, managerial accounting, financial accounting, and finance? Briefly describe each of these terms as they relate to the healthcare services industry. What are some sources of healthcare financing and uses of financial resources in the industry?

Question 2

In what ways are accounting and finance in healthcare organizations unique as compared with other types of businesses?

MHA 5001 Unit 2 Assessment

Question 1

What are the major sources of financing for the federal government, state governments, the health sector, and the not-for-profit sector?

Question 2

Discuss the role of financial management in public service organizations.

MHA 5001 Unit 2 Discussion Board

Explain how a budget could help you personally or your organizations accomplish the objectives of the long-range plan developed for you personally or for your organization. MHA 5001, Health Care Financial Management Essay Assignment papers

MHA 5001 Unit 2 Homework

Please read the “The DMV” case study on pages 306-307 in your textbook. The questions on pages 307-308 have been modified. Answer the questions below using the information found in the case study and the required reading. Compile your answers in a Word document, and upload it in Blackboard.

Answer the following questions:

1. Prepare a monthly operating budget for the DMV for the fiscal year ending August 31, 2014. Determine the operating surplus and deficit for each month and for the year as a whole. Use one page or worksheet in your spreadsheet to list all of the base information, and another for the operating budget. (Hint: It may be easier to prepare the budget if you add a third page or worksheet to calculate the number of transactions each month.)

NOTE: Students may access a 60-day trial version and/or purchase the required Microsoft software at http:/ /technet.microsoft. com/en-us/evalcenter/jj192782.aspx The Microsoft trial version can only be downloaded one time.

2. To what do you attribute the changing surplus/deficit pattern during the year? MHA 5001, Health Care Financial Management Essay Assignment papers

3. What would happen to the overall deficit or surplus if the number of vehicles failing inspections increased from 15% to 30%? Keep in mind that vehicles must be re-inspected, so this would also increase the total number of inspections. Does this give the DMV a reason to make its standards tougher? Is this good policy?

4. Suppose the DMV can decide when to implement the new digitized licensing system.

a. What would happen to the finances of the DMV if the new licenses are implemented at the beginning of the year and issued throughout the year?

b. What would happen if the new licenses are not implemented at all during the coming year? In either case, assume the total number of licenses issued for any month does not change. Is that assumption realistic? How does it affect your results?

5. What other changes would you suggest that might help the DMV’s situation? What are the advantages and disadvantages of the various suggested changes? Select an approach that you believe is best, create a worksheet showing the resulting budget, and provide an explanation defending your choice of changes.

MHA 5001 Unit 3 Homework

MHA 5001, Health Care Financial Management Essay Assignment papers

On pages 153-154 in your course textbook, please complete the following problems: 4-31 through 4-35. Answer the problems using the information provided from Chapters 1-4 in the course textbook. Compile your answers in a Word document, and upload it in Blackboard.

4-31. Millbridge Memorial Hospital provides comprehensive physical exams. The charge per exam is $100, while the variable cost per exam is $65. Thirty percent of the patients who come in for an exam are private pay. They must pay the full charge. Seventy percent of the patients are covered by an insurance company that has an agreement with the hospital that reduces the charge by 20%. The hospital has $210,000 in fixed costs per year. How many exams must the hospital provide in order to break even? MHA 5001, Health Care Financial Management Essay Assignment papers

4-32. The fixed costs of running a fund-raising dinner for Meals for the Homeless are $10,000 and the variable costs are $75 per attendee. The facility where the event is being held can accommodate 500 people. Answer the following questions about the event:

1. If Meals charged $275 per ticket, how many people would have to attend the gala for the organization to break even on the event?

2. If Meals charged $300 per ticket, the contribution margin from each ticket sold would be: __________.

3. If 500 people attend the event, how much does the organization have to charge each attendee to earn a profit of $100,000? (Assume costs from original problem are still in effect.) MHA 5001, Health Care Financial Management Essay Assignment papers

4-33. A Greener World expects to have $15,000 in fixed costs. If its fixed costs do not change but the amount each marcher raises through pledges declines from $55 to $50 and its variable cost/unit increases from $25 to $30, how much will its break even quantity increase?

4-34. The Helensville Symphony incurs $3,000,000 of fixed costs each year. The variable cost for each person attending one of the orchestra’s performances is $24. If the average charge for a ticket to attend a performance of the Helensville Symphony is $100, how many tickets must it sell each year to break even?

4-35. Millbridge Family Services (MFS) currently operates a foster care program that is fully funded by the state. Changing government priorities are expected to result in a 20% reduction in its state foster care funding for the upcoming fiscal year. MFS’s management is considering eliminating the foster care program in the next fiscal year in light of these anticipated funding cuts. The total foster care program expenses for the upcoming fiscal year is $120,000. The foster care program’s budgeted expenses include $25,000 of salaries and occupancy costs that are allocated to its program budget from MFS central administration. These allocated expenses of $25,000 are unavoidable even if the foster care program is eliminated. What is the total relevant cost that should be considered in making this decision? MHA 5001, Health Care Financial Management Essay Assignment papers

MHA/5001 Unit 4 Research Paper Outline

The research paper in this course gives you the opportunity to study an important healthcare finance problem or challenge, analyze it in depth, and present your findings in an APA-formatted paper due in Unit VIII. Any topic introduced in this course may be selected for your paper. It is a good idea to conduct Internet research on potential topics that you are considering for your research paper before selecting one. You will want to determine that plenty of information is available online for incorporation into your paper.

In preparing for the research paper, you will submit your research paper outline which will critically analyze issues related to your topic.

The research paper outline you submit must meet the following requirements:

• be at least one page in length (not including the cover and reference pages),

• include an original thesis,

• describe the approach that you will take to research the subject thesis,

• describe key methodologies for the practical application of financial management in healthcare organizations,

• discuss the future of healthcare financial management in the United States, and

• include five references. MHA 5001, Health Care Financial Management Essay Assignment papers

MHA 5001 Unit 5 Homework Solution

On page 251 in your textbook, please complete problems 7-29 through 7-33 listed below for convenience. Compile your answers in a Word document, and upload it in Blackboard.

Answer the following problems:

7-29. Millbridge Hospital buys its supplies in bulk and has recently switched vendors. The first purchase Millbridge made was for 500 boxes of gauze at $3.46 a box. The purchase had payment terms of 2/15 N/30. Millbridge earns four percent on its idle cash. Should it take the discount or not? Justify your answer by showing calculations. (Refer to Appendix 7-B to solve this problem.)

7-30. Meals for the Homeless usually experiences seasonality in its cash balances. In December, contributions from donors increase its cash balances, and then these balances are used throughout the following year. By the fall, Meals for the Homeless has a tight cash flow. It has a line of credit with its bank, which allows it to draw up to $500,000 at seven percent interest per year. During 2013, Meals for the Homeless draws down $135,000 on October 1 and repays it at the start of business on January 3, 2014—exactly 94 days later. How much should it pay back on January 3, and how much of that is interest? MHA 5001, Health Care Financial Management Essay Assignment papers

7-31. Meals for the Homeless has many sources of income, but they pay Meals very differently. Specifically, Meals has contracts with the city, county, and state to provide food services. In addition, Meals has contracted with a private foundation to augment its foods with more healthful options. The city owes Meals $400,000, half of which is current, one-quarter is more than 30 days but less than 61 days old, 15% is between 61 and 90 days old, and the remainder is more than 91 days old. The county owes Meals $900,000, only one-third of which is current, another one-third is more than 30 days but less than 61 days old, and the remainder is more than 90 days old. The state owes Meals $1.5 million, 40% is current, 30% is between 30 and 60 days old, 20% is between 61 and 90 days old, and the remainder is more than 91 days old. The foundation owes Meals $150, 000, of which half is current and the other half is more than 30 days but less than 61 days old. Prepare an accounts-receivable aging schedule for Meals by total dollars and percent.

7-32. Millbridge Hospital receives earned income from several sources: Medicare, Medicaid, private insurance, and self-pay customers. The federal government owes the hospital $7 million, 60% is current, 30% is between 31 and 61 days old, and the remaining 10% is between 61 and 90 days old. The state owes the hospital $5 million for Medicaid, 40% of which is current, 30% is between 31 and 60 days old, 20% is between 61 and 90 days old, and the remainder is more than 91 days old. Private insurance owes the hospital $4 million, half of which is current, 25% is between 31 and 60 days old, and the remaining percent is more than 91 days old. Self-pay customers owe $1 million, 30% is current, 40% is 31 to 60 days old, 10% is 61 to 90 days old, and the remainder is more than 91 days old. Prepare an accounts-receivable aging schedule by total dollars and by percent. MHA 5001, Health Care Financial Management Essay Assignment papers

7-33. Millbridge Hospital buys 10,000 boxes of latex gloves every year. Each box costs the hospital $7 dollars. The cost to place an order for the gloves—which covers the employee staff time, shipping costs, the hospital’s receiving center for inventorying, for example—is estimated at $50 dollars per order. Carrying costs (for storing the boxes, verifying the inventory periodically, etc.) are estimated at 50 cents per box per year. Millbridge uses a six percent interest-cost assumption in its calculations. How many boxes should be ordered at a time? How many orders per year should there be? What are the total ordering and carrying costs at the EOQ (economic order quantity)? Contrast these costs at the EOQ to the total cost if all boxes were simply ordered at the start of the year. (Refer to Appendix 7-A to solve this problem.)

MHA 5001 Unit 5 Discussion Board Question

Part 1

Why is it important to collect accounts receivable as soon as possible? MHA 5001, Health Care Financial Management Essay Assignment papers

Part 2

Do you believe the Sarbanes-Oxley Act provides enough protection for whistle-blowers within an organization? Why, or why not? Be sure to respond to at least one other student on the board. MHA 5001, Health Care Financial Management Essay Assignment papers

MHA5001 Unit 6 Assessment

Question 1

Why would public service organizations need to measure income?

Question 2

Question 3

Is the information on the balance sheet, activity statement, and cash flow statement independent of one another or connected? Explain your answer.

Question 4

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What are the problems with the objective evidence and cost conventions, and how can they be overcome? MHA 5001, Health Care Financial Management Essay Assignment papers

MHA/5001 Unit 6 Discussion Board

Why are the subcategories of net assets important? Do not forget to include unrestricted, temporarily restricted, and permanently restricted net assets.

MHA 5001 Unit 7 Homework Assignment

Please read “The Stratton Township Park” on pages 308-311 in your course textbook. Complete questions 1-5 listed below and found on pages 310-311 using the information found in the case study and any of the required reading. Compile your answers in a Word document, and upload it in Blackboard.

Question 1:

Prepare an annual program budget for the Stratton Township Park including golf operations; the pool; concerts; other park activities including tours, nature visitors, and general concessions; and administrative costs. Show the line-item details for each function by natural account and summarize the budget for the park as a whole.

Because of the current fiscal situation, the Stratton Township needs to reduce its operating costs. As usual, the park is on the list of targeted operations. As the finance director for the township, you have been asked to work with the park’s manager to explore possible options.

Question 2:

Based on the information in the budget, find the break-even green fees for the golf course and the break-even admissions charges for the pool. You may assume that the volume of users will not change with increases in pricing. You may also assume that the course will operate for a full 130 days.

a) Do both break even analyses based on the cost of delivering services with and without the allocated management salaries.

b) Do you think the park can realistically charge these fees to park users? What might the consequences of raising fees be economically, politically, and in a public relations sense?

Question 3:

The park manager wants to know whether it makes sense to shut down one or more of the operations at the Stratton Township Park. Determine the impact of shutting down the golf course, the pool, the concert series, and the tours, and show the overall marginal impact of making each of these changes. Be sure to include all marginal revenues and all marginal expenses in your calculations.

Question 4:

After completing these analyses, the manager has decided to recommend three changes to the Park’s budget.

First, he plans to increase green fees for golf to $5 above the break-even price excluding allocated management costs and rounded to the next highest multiple of $.50. Since competitive private clubs in the region cost $100 or more for a round of golf, he does not believe that an increase in price will result in a decline in the number of golfers using the course.

Second, he wants to raise pool admission charges to $4.50. Given the demographics of those who use the pool, he believes that raising prices by $1.00 will result in a 5% drop in attendance.

Third, he wants to eliminate three of the concerts the township had planned for the next year.

Prepare a revised budget for the Stratton Township Park reflecting these changes. Will these budget modifications meet the township’s goal of reducing the subsidy it would have given to the park in the next fiscal year by 20%?

Question 5:

After receiving your analysis of the impact of eliminating the concerts and raising green fees and pool admission charges, the park manager has asked you to come up with some additional proposals for meeting the township’s subsidy reduction goal. What would you recommend?

MHA 5001 Unit 7 Assessment

Question 1

Donations in cash are easy to measure. What is the treatment that not-for-profit organizations use for donated goods and services?

Question 2

How does the accounting industry define a not-for-profit organization and a voluntary health and welfare organization (VHWO)?

Question 3

Distinguish between the way investor owned and not-for-profit healthcare organizations treat investments.

Question 4

To what extent do not-for-profit organizations have the ability to choose among the following: MHA 5001, Health Care Financial Management Essay Assignment papers

a. using depreciation,

b. ignoring depreciation,

c. maintaining building and equipment on the balance sheet at their original cost,

d. showing such assets at their market value,or

e. completely charging such assets such as expenses in the year acquired?

MHA5001 Unit 7 Discussion Board

Chapter 11 did not specifically discuss whether healthcare organizations must depreciate their buildings and equipment. Do you believe that such depreciation is or is not required? Why?

MHA 5001 Unit 8 Research Paper

The assignment for Unit VIII is the research paper, which is to be written on the topic that was submitted and approved in Unit IV of the course. MHA 5001, Health Care Financial Management Essay Assignment papers

The research paper must meet the following requirements:

· include an original thesis statement,

· be at least five pages in length (not including the title page and references page),

· include at least 10 references, and

· correctly employ APA style formatting.

MHA5001 Unit 8 Discussion Board

Identify an assignment in this course that had a positive impact on you. How will you be able to apply the skills you learned from it to gain life and/or career success?

MHA 5001 Health Care Financial Management