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Discuss how cost accounting can be utilized to support healthcare organizational strategic decisions and goals related to departments, facilities, and services.

How can cost accounting be utilized to support healthcare organizational strategic decisions and goals related to departments, facilities, and services.

Describe the importance of Revenue Cycle Management and the impact it can have on the healthcare organization

Overview For this assignment, pick a health care organization of your choice. It could be a hospital, large clinic, or care facility. Read these articles before you begin the assignment: The COSO Framework in Emerging Technology Environments: An Effective In-Class Exercise on Internal Control. Journal of Emerging Technologies in Accounting. COSO Internal Control - Integrated Framework: An Implementation Guide for the Healthcare Provider IndustryLinks to an external site.. Instructions In which you: Identify at least three of the five different 2013 framework elements that focus on internal control. Make sure that elements connected are related to financial reporting of the organization. Provide your rationale on the reasoning that the selected elements are tied to the financial reporting process in the organization. These are located in Chapter 3 in your textbook. Design a method in AIS where it can be integrated in the health care industry that will improve the efficiency of its…

How does price transparency impact the role of a manager / administrators in a healthcare organization

Which of the following will give you the most accurate allocation between a cost's fixed component and variable component? a. Examination of a students’ registration forms for miscellaneous fees and tuition fees b. Use of the least squares method to allocate the cost of electricity c. Dividing the total cost on the water bill among the different departments based on direct labor hours d. Dividing the total cost of the postpaid plan using the high-low method

What was the motivation for changing the way physicians are compensated in the Medicare system? What are the implications for physicians' behavior as the resource-based relative value scale is fully implemented?

How does having an effective payment model impact the role of a manager / administrators in a healthcare organization .

How can CVP Analysis be used to predict future cost and profitability? How can CVP analysis be used in a hospital setting?

In public health, we often struggle for funding. Understanding which health challenges are disproportionately impacting our community, the demographics of our community, and the economics of that community can help us to produce a targeted intervention to assist those who are impacted by a selected health issue. Download the Critical Thinking Portfolio Assignment Part I TemplateDownload Critical Thinking Portfolio Assignment Part I Template Data Acquisition Instructions: In Nevada, clark County Health Rankings: Clark  county health rankings and enter the name of your county or a county in close approximation to you and press enter. At the top of the page, click show more for county demographics. Please produce a table for your paper using this information. Click the check box entitled show areas to explore. Select 3 areas that are highlighted. Click the variables to see how they are defined and explain this in your write up. If trends are available, assess if the issue has been…

Why does support department cost allocation matter to service businesses (such as colleges and universities)? Please explain the importance. Also, identify three businesses, companies, or non-profit organizations that you think would use support department cost allocation. Name the company and their corresponding support departments.

expert of general account answer

1. How are solvency ratios used to provide guidance for health organizations? 2. Explain the concept of a present-value analysis.

Identify and explain the cost controls utilized by Managed-Care health plans

Take a moment and ponder a current project you are working on at your place of work on a inpatient psychiatric unit. Could you, if requested, determine the costs associated with your project and what the potential savings to the organization could amount to?

Listed below are several costs incurred in the loan department of Suwanee Bank and Trust Company. For each cost, indicate which of the following classifications best describe the cost. More than one classification may apply to the same cost item.Cost Classificationsa. Controllable by the loan department managerb. Uncontrollable by the loan department managerc. Direct cost of the loan departmentd. Indirect cost of the loan departmente. Differential costf. Marginal costg. Opportunity costh. Sunk costi. Out-of-pocket costCost Items1. Salary of the loan department manager.2. Cost of office supplies used in the loan department.3. Cost of the department’s desktop computers purchased by the loan department manager last year.4. The portion of general advertising cost of the bank that has been allocated to the loan department.5. Revenue that the loan department would have generated for the bank if a branch loan office had been located downtown instead of in the next county.6. Difference in the…

The decision-making authority assigned to managers within the different responsibility centers (cost, profit and investment) will differ based on the type of center because the role of management’s responsibilities also differs. Therefore, the accounting information required for planning, control, and performance evaluation differs according to the nature of these responsibilities. In 400-600 words address the following: Distinguish among a cost center, a profit center, and an investment center. Provide an example of each for a multi-hospital corporation. What are some of the uses that management may make of accounting information about individual responsibility centers of the business?