HCS 405 Week 2 Health Care Financial Terms Worksheet Paper
HCS 405 Week 2 Health Care Financial Terms Paper
The theme of HCS 405 is to enable students to learn about the financial statements and other financial transactions in the hospital industry. There are various topics in HCS 405 like balance sheet, statement of revenues and expense, revenue cycle, payer mix and revenue. There will be five weeks in the course of HCS 405 in which the above topics will be covered. There will also be the study about the financial worksheet and reporting practices. It will be taught to the students that organizations must comply with the requirements of ethics and proper disclosure of the statements.
In HCS 405 week 1, there will be teaching of balance sheet. Balance sheet is defined as the financial statement of hospitals that tells about the assets, liabilities and equity of shareholders at a specific point of time. In HCS 405 week 2, earning statements will be taught to the students. Statement of revenues and expense is one of the financial statements which are used to identify the revenues or losses of the hospitals for the particular period. In the course, there will be different multiple choice questions that will be provided to the students to test their understanding. After it, the solutions are also provided to check the correctness. There will be the final exam in which all the topics will be covered.
The HCS 405 week 3 will include the revenue cycle of hospitals. . It is defined as the process in which the revenues generation, payment and claims processing is done. It is used to track the claim process so that billing can follow it allowing the revenues flow. The students will also be provided some simulation practices in which the artificial situation will be provided, and these will be asked to enact according to the situation considering ethics in mind. There will be the practical course in the hospital itself.
HCS 405 week 4 will include the study about the payer mix that refers to the revenue, or payment for
The theme of HCS 405 is to enable students to learn about the financial statements and other financial transactions in the hospital industry. There are various topics in HCS 405 like balance sheet, statement of revenues and expense, revenue cycle, payer mix and revenue. There will be five weeks in the course of HCS 405 in which the above topics will be covered. There will also be the study about the financial worksheet and reporting practices. It will be taught to the students that organizations must comply with the requirements of ethics and proper disclosure of the statements.
In HCS 405 week 1, there will be teaching of balance sheet. Balance sheet is defined as the financial statement of hospitals that tells about the assets, liabilities and equity of shareholders at a specific point of time. In HCS 405 week 2, earning statements will be taught to the students. Statement of revenues and expense is one of the financial statements which are used to identify the revenues or losses of the hospitals for the particular period. In the course, there will be different multiple choice questions that will be provided to the students to test their understanding. After it, the solutions are also provided to check the correctness. There will be the final exam in which all the topics will be covered.
The HCS 405 week 3 will include the revenue cycle of hospitals. . It is defined as the process in which the revenues generation, payment and claims processing is done. It is used to track the claim process so that billing can follow it allowing the revenues flow. The students will also be provided some simulation practices in which the artificial situation will be provided, and these will be asked to enact according to the situation considering ethics in mind. There will be the practical course in the hospital itself.
HCS 405 week 4 will include the study about the payer mix that refers to the revenue, or payment for