hcs 405 health care financial accounting university of phoenix 497374

Week One: Overview of Health Care Finance

Details

Due

Points

Objectives

1.1Define basic health care finance terms.

1.2Describe the four segments that comprise a financial management system.

1.3Identify financial reporting practices and ethical standards of conduct.

Reading

Readthe Week One Read Me First.

Reading

Read Ch. 1 of Health Care Finance.

Reading

Read Ch. 2 of Health Care Finance.

Reading

Review the Healthcare Financial Management Association website (www.hfma.org). You may find this website helpful as a general resource for this course.

Reading

Read this week s Electronic Reserve Readings. Pay special attention to the following articles:

Sarbanes-Oxley. (2007). Encyclopedia of Small Business.

Sarbanes-Oxley. (2009). In BUSINESS: The Ultimate Resource.

Participation

Participate in class discussion 4 of 7 days. All participation in the class each week needs to be substantive and must be relevant to the participation.

2

Discussion

Questions

Post your response to Week One Discussion Questions in the Main forum by Day 2 and Day 5.Responses to each question must be at least 200 to 300 words and apply concepts and teachings from the weekly readings.

DQ1 Wed

DQ2 Sat

2

Nongraded Activities and Preparation

Reporting Practices and Ethics Paper (Preparation)

Beginworking on the Reporting Practices and Ethics Paper due in Week Two.

Learning Team Instructions

Learning Team You will be assigned to a Learning Team.

Learning Team Instructions

Weekly Review

Review the Week One objectives and discuss additional insights and questions that may have arisen.

Learning Team Instructions

Patton-Fuller Income Statement Worksheet (Preparation)

Beginworking on the Patton-Fuller Income Statement Worksheet due in Week Two.

Learning Team Instructions

Financial Statements Review (Preparation)

Beginworking on the Financial Statements Review due in Week Three.

Individual

Week One Health Care Financial Terms

Worksheet

Resources:University of Phoenix Material: Week One Health Care Financial Terms Worksheet

Complete the University of Phoenix Material: Week One Health Care Financial Terms Worksheet located on the student website.

Sat

2

Week Two: Financial Reporting and Financial Performance

Details

Due

Points

Objectives

2.1Describe the annual report and financial statements of a health care organization.

2.2Explain the utilization of health care revenue sources.

2.3Describe how revenues and expenses are grouped for planning and control.

Reading

Read the Week Two Read Me First.

Reading

Read Ch. 4 of Health Care Finance.

Reading

Read Ch. 5 of Health Care Finance.

Reading

Read Ch. 6 of Health Care Finance.

Reading

Read Ch. 10 of Health Care Finance.

Reading

Read this week s Electronic Reserve Readings.

Participation

Participate in class discussion 4 of 7 days.

2

Discussion
Questions

Post your response to Week One Discussion Questions in the Main forum by Day 2 and Day 5.Responses to each question must be at least 200 to 300 words and apply concepts and teachings from the weekly readings.

DQ1 Wed

DQ2 Sat

2

Learning Team

Instructions

Learning Team Charter

Workon the Learning Team Charter with your group.Complete the Learning Team Charter and submit the assignment to the Assignment Link

Saturday

1

Nongraded Activities and Preparation

Simulation Review (Preparation)

Beginworking on the Simulation Review due in Week Four.

Learning Team Instructions

Financial Statements Review (Preparation)

Continueworking on the Financial Statements Review due in Week Three.

Individual

Reporting Practices and Ethics Paper

Resources: University of Phoenix Material: Reporting Practices and Ethics Paper Grading Criteria

Findtwo or three articles that address financial reporting practices and ethical standards in health care finance, including the following topics:

Generally accepted accounting principles

Corporate compliance, ethics, or fraud and abuse

Write a 700- to 1,050-word paper on the financial management of health care organizations, integrating your research articles.

Include a summary of the four elements of financial management.

Include a summary of generally accepted accounting principles and general financial ethical standards.

Provide examples from the articles that reflect ethical standards of conduct and financial reporting practices.

Explain the significance of each example.

Format your paper consistent with APA guidelines.

Monday

18

Individual

Week Two Health Care Financial Terms

Worksheet

Resources:University of Phoenix Material: Week Two Health Care Financial Terms Worksheet

Complete the University of Phoenix Material: Week Two Health Care Financial Terms Worksheet located on the student website.

Sat

2

Learning Team

Patton-Fuller Income Statement Worksheet

Resource:University of Phoenix Material: Patton-Fuller Income Statement Worksheet.

Review the income statements for 2008 and 2009located in the Patton-Fuller Community Hospital Virtual Organization.

1. Click on the Virtual Organization link on the left column of the student website.
2. Click on the Healthcare tab and access the Patton-Fuller Community Hospital.
3. Click the Chief Financial Officer link under the Corporate Officers tab to access the financial statements.

Complete the University of Phoenix Material: Patton-Fuller Income Statement Worksheet located on the student website.

Monday

2

Week Three: Budgeting and Cost Classification

Details

Due

Points

Objectives

3.1Describe the process for creating an operating budget and a capital budget.

3.2Analyze costing methods in the health care industry.

Reading

Read the Week Three Read Me First.

Reading

Read Ch. 7 of Health Care Finance.

Reading

Read Ch. 8 of Health Care Finance.

Reading

Read Ch. 15 of Health Care Finance.

Reading

Read Ch. 16 of Health Care Finance.

Reading

Read this week s Electronic Reserve Readings.

Participation

Participate in class discussion 4 of 7 days.

2

Discussion

Questions

Post your response to Week One Discussion Questions in the Main forum by Day 2 and Day 5.Responses to each question must be at least 200 to 300 words and apply concepts and teachings from the weekly readings.

DQ1 Wed

DQ2 Sat

2

Nongraded Activities and Preparation

Simulation Review (Preparation)

Continue working on the Simulation Review due in Week Four.

Learning Team Instructions

Health Care Case Study: Sensitivity Analysis (Preparation)

Begin the Health Care Case Study: Sensitivity Analysis assignment, due in Week Five.

Individual

Week Three Health Care Financial Terms Worksheet

Resources:University of Phoenix Material: Week Three Health Care Financial Terms Worksheet

Complete the University of Phoenix Material: Week Three Health Care Financial Terms Worksheet located on the student website.

Sat

2

Learning Team

Financial Statements Review

Resources: Patton-Fuller Community Hospital Virtual Organization and University of Phoenix Material: Financial Statements Review Grading Criteria

Reviewthe financial statements,located in the Patton-Fuller Community Hospital Virtual Organization.

1. Click on the Virtual Organization link on the left column of the student website.
2. Click on the Healthcare tab and access the Patton-Fuller Community Hospital.
3. Click the Chief Financial Officer link under the Corporate Officers tab to access the financial statements.

Write a 350- to 700-word summary that addresses the following:

Annual report, including the Patton-Fuller financial statements

o How did the audited and unaudited financial statements differ?

Relationship between revenue sources and expenses on Patton-Fuller s financial performance

o What is the effect of revenue sources on financial reporting at the hospital?

o How are the hospital s revenues and expenses grouped for planning and control?

Formatyour paper consistent with APA guidelines.

Monday

14

Week Four: Management Reporting and Analysis

Details

Due

Points

Objectives

4.1Describe the financial concepts related to health care staffing.

4.2Explain the use of trend analysis.

4.3Summarize the utilization of forecasting and comparative data.

4.4Identify key financial ratios.

Reading

Read the Week Four Read Me First.

Reading

Read Ch. 9 of Health Care Finance.

Reading

Read Ch. 11 of Health Care Finance.

Reading

Read Ch. 13 of Health Care Finance.

Reading

Read Ch. 14 of Health Care Finance.

Reading

Read this week s Electronic Reserve Readings.

Participation

Participate in class discussion 4 out of 7 days.

2

Discussion

Questions

Post your response to Week One Discussion Questions in the Main forum by Day 2 and Day 5.Responses to each question must be at least 200 to 300 words and apply concepts and teachings from the weekly readings.

DQ1 Wed

DQ2 Sat

2

Learning Team Instructions

Health Care Case Study: Sensitivity Analysis (Preparation)

Continue the Health Care Case Study: Sensitivity Analysis assignment, due in Week Five.

Individual

Simulation Review

Resources:Health Care Financial Accounting simulation and University of Phoenix Material: Simulation Review

Read the instructions in the University of Phoenix Material: Simulation Review located on the student website.

Submityour simulation review to your instructor.

Monday

18

Individual

Week Four Health Care Financial Terms Worksheet

Resources:University of Phoenix Material: Week Four Health Care Financial Terms Worksheet

Complete the University of Phoenix Material: Week Four Health Care Financial Terms Worksheet located on the student website.

Sat

2

Learning Team

Patton-Fuller Ratio Computation

Resource: Patton-Fuller Community Hospital Virtual Organization

Reviewthe financial statements, located in the Patton Fuller Community Hospital Virtual Organization.

1. Click on the Virtual Organization link on the left column of the student website.
2. Click on the Healthcare tab and access the Patton-Fuller Community Hospital.
3. Click the Chief Financial Officer link under the Corporate Officers tab to access the financial statements.

Computethe eight ratios as shown in Chapter 11 for Patton-Fuller Hospital based on its unaudited financial statements and critique its operating results and financial position. Ratio by ratio, do you agree or disagree with the CEO s report to the Board? Why or why not?

Read the Annual Report and the audited financial statements, and re-compute those same ratios using the audited financial statements.

Considerthe financial performance before the audit, and after the audit. What has changed and how significant is that change? What plans should the hospital Board make for next year and the next five years?

Sat

2

Week Five: Future Technology Applications in Finance

Details

Due

Points

Objectives

5.1Explain future trends in health care finance technology.

Reading

Read the Week Five Read Me First.

Reading

Read Ch. 19 of Health Care Finance.

Reading

Read Ch. 20 of Health Care Finance.

Reading

Read this week s Electronic Reserve Readings.

Participation

Participate in class discussion 4 out of 7 days

2

Discussion Questions

Respond to weekly discussion questions.

Mandatory:How might financial managers budget for unforeseen changes and improvements in information technology that require large capital outlays? (DQ2)

DQ1 Wed

DQ2 Sat

2

Individual

Week Five Health Care Financial Terms Worksheet

Resources:University of Phoenix Material: Week Five Health Care Financial Terms

Complete the University of Phoenix Material: Week Five Health Care Financial Terms located on the student website.

Sat

2

Learning Team

Sensitivity Analysis

Resources:Patton-Fuller Community Hospital Virtual Organization and University of Phoenix Material: Sensitivity Analysis Grading Criteria

Reviewthe ffinancial statements, annual report, and budget issues documents, located in the Patton-Fuller Community Hospital Virtual Organization.

Create a 12- to 15-slide MicrosoftPowerPointpresentation that summarizes elements that affect staffing at Patton-Fuller, such as raises in wages and changes in the nurse-to-patient ratio. Include speaker notes.

Includethe following in your presentation:

Provide a comparative analysis of the last two years of data.

Explain how the 2010 budget assumptions will positively or negatively affect Patton-Fuller.

Explain how you may use a trend analysis to plan for staffing at Patton-Fuller.

Summarize the trend analysis and how comparative data facilitates forecasting at Patton-Fuller.

Monday

15