Reporting Practices and Ethics Paper HCS/405 November 25‚ 2013 Jay Christensen Reporting Practices and Ethics Financial Management is a fundamental part of successful healthcare financial planning. Financial decisions are a necessary part of day to day operations of any size or type of health care facility. These decisions are made in accordance with the facilities fiscal objectives and accounting practices. It is important that the individuals making these decisions follow proper reporting
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Eight Basic Ratios Used in Health Care Carrie "Shellie" Cobbs Health Care Financial Accounting HCS 405 Robert Hammer November 10‚ 2013 Eight Basic Ratios Used in Health Care Solvency Ratios 5. Debt Service Coverage Ratio (DSCR) is figured Unrestricted Net Assets + Interest + Depreciation / Maximum Annual Debt Service DSCR 2009 (Unaudited) 627 + 3708 + 36‚036 = 40‚371 40‚371 / 14‚609 = 2.76 DSCR 2008 (Unaudited) 15‚846 + 3597 + 24‚955 = 44‚398 44‚398 / 4‚195 = 10.5 DSCR 2009 (Audited) 36‚036 + 3‚708
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Simulation Review Alfredo A. Garcia Jr. HCS/405 Health Care Financial Accounting June 16‚ 2014 John Pi A simulation review that was intended to show how a hospital may determine its revenue along with expenditures based on the information provided by the Elijah Heart Center (EHC) was utilized to make an overall decision with careful analysis of the system and employees of EHC. The following will show the information obtained from the simulation. The simulation allowed two types of cost
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Reporting Practices and Ethics Paper Tiffany Swartz HCS/405 Todd Brown November 19‚ 2012 Introduction Financial management in the area of healthcare has been an ever changing area. There are generally accepted principles and ethical codes that must be followed when dealing with finances‚ and healthcare facilities must be successful in this aspect for the facility to operate smoothly. This paper will discuss the four elements of financial management‚ some generally
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Sensitivity analysis is a technique that indicates exactly how much a project’s profitability (NPV or IRR) will change in response to a given change in a single input variable‚ other things held constant. Sensitivity analysis begins with a base case developed using expected values (in the statistical sense) for all uncertain variables. Then‚ each uncertain variable is usually changed by a fixed percentage amount above and below its expected value‚ holding all other variables constant at their expected
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Week five Power Point Presentation University of Phoenix Delivery of Health Care in the United States HCS 235 January 30‚ 2013 Week five Power Point Presentation Health Care in the United States is a vast industry that has many different types of people involved in the delivery of care. There are stakeholders that affect the daily operations of health care and they are not necessarily in a hospital setting. The Agency for Healthcare Research and Quality‚ AHRQ‚ defines a “stakeholder”
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1975‚ Patton-Fuller Community Hospital has been in business as a non-profit full service health care institution providing advanced emergency medical care‚ physical therapy‚ radiology‚ surgery‚ labor and delivery‚ surgery and other services dealing with the health and well-being of the local community. In order for the company to operate properly‚ Patton-Fuller must have a great IT infrastructure to support the company allowing them to achieve goals and potential growth. The following analysis of Patton-Fuller
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Week Three Individual Paper Patton- Fuller Community Hospital Networking Project CMGT 554/IT Infrastruct In week’s three individual dissection of Patton-Fuller Community Hospital Networking Department‚ I will discuss three topics that will help with a better understanding of the Hospital’s Networking Department. During the first topic‚ a complete analysis will be completed on the network systems in use. While covering the second topic‚ discussion on what standards may be missing from the Hospital’s
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University of Phoenix Material Week Three Health Care Financial Terms Worksheet Understanding health care financial terms is a prerequisite for both academic and professional success. This assignment is intended to ensure you understand some of the basic terms used in this course. Complete the worksheet below according to the following guidelines: In the space provided‚ write each term’s definition as used in health care management. You must define the term in your own words. In the
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Patton-Fuller Community Hospital Networking Project Hospitals like any commercial business interest rely on the principles of best practices in the treatment of its patients. Without a standard of care provided through these practices‚ hospitals would fail to provide the basic service that they are designed to provide. Similarly‚ these standards of best practices extend across the entire organization from clinical functions
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