Financial Environments Worksheet
Financial Environments Worksheet: HCS 577 WEEK 1
Financial Environments Worksheet – Complete the Material: Financial Environments Worksheet.
Identify three specific examples of entities with for-profit not-for-profit and government financial environments in the health care industry.
Compare the similarities and differences between the for-profit not-for-profit and government financial environments.
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HCS 577 WEEK 3 Financial Data Analysis
You will use the Patton-Fuller Community Hospital (PFCH) virtual organization for this assignment.
Follow the steps below to access the PFCH 2009 Annual Audit:
Click on “Virtual Organizations” under student materials.
Click on “Healthcare” across the top.
Click on Patton-Fuller Community Hospital in the drop down menu.
Click on Corporate Officers across the top.
Click on Chief Financial Officer in the drop down menu.
Click on Annual Report on the left side of the page.
Complete the Financial Data Analysis Template. Note the order of the 2009 and 2008 columns.
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In the third column, calculate the difference by subtracting 2008 data from 2009 data. For instance, with cash, this would be $22,995 – $41,851 = -$18,856.
In the fourth column, calculate the percentage change from the 2008 number. For instance, with Net Patient Revenue, 2009 = $459,900 and 2008 = $418,509 providing a $ change (third column) of $41,391. For the % change (fourth column), $41,391 / 418509 = .0989 which would be 9.89% (which is .0989 * 100).
Using the explanations column, explain why the significant changes occurred from one year to the next. This explanation is based on your conceptual understanding of the way specific line items on financial statements work as well as thorough review and research of the PFCH Annual Audit.
Click the Assignment Files tab to submit your assignment.
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HCS 577 WEEK 5 Health Care Budget
Note. You will use this assignment as a basis for your Individual assignment due in Week Six.
Resources: Budgets under Chief Financial Officer in the Patton-Fuller Community Hospital Virtual Organization, Material: 2010 Operating Budget Projection, Health Care Budget Grading Criteria located on your student website
Review the 2009 Operating Budget Projections and the assumptions following the projected numbers in the Budgets tab under Chief Financial Officers in the Patton-Fuller Community Hospital Virtual Organization on the student website.
Assume the 2009 projections were realized.
Use the Material: 2010 Operating Budget Projections.
Develop a budget for Patton-Fuller Community Hospital based on the 2009 Operating Budget and the 2010 Operating Budget Assumptions.
Write a 1050- to 1,400-word paper in which you do the following:
Discuss which financial management practices are most effective in creating and monitoring an operating budget.
Discuss which financial management practices are least effective in creating and monitoring an operating budget.
Format your assignment consistent with APA guidelines.
Submit your 2010 Operating Budget Projection with your paper.
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