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Describe the staffing competencies needed for hiring team members in the back-end revenue cycle of a healthcare organization

Create a cross volume profit chart. Select an item or product used in an healthcare organization and describe how you would calculate the break - even point. Describe why this break - even information is useful.

how do you use a functional-based approach to figure out a cost per patient day in a hospital?

Regression; choosing among models. Apollo Hospital specializes in outpatient surgeries for relatively minor procedures. Apollo is a nonprofit institution and places great emphasis on controlling costs in order to provide services to the community in an efficient manner. Apollo’s CFO, Julie Chen, has been concerned of late about the hospital’s consumption of medical supplies. To better understand the behavior of this cost, Julie consults with Rhett Bratt, the person responsible for Apollo’s cost system. After some discussion, Julie and Rhett conclude that there are two potential cost drivers for the hospital’s medical supplies costs. The first driver is the total number of procedures performed. The second is the number of patient-hours generated by Apollo. Julie and Rhett view the latter as a potentially better cost driver because the hospital does perform a variety of procedures, some more complex than others. Rhett provides the following data relating to the past year to Julie.…

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

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

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

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Case Questions and Answers  1. Identify the services and/or programs to be included in the cost and profitability analysis. Infant childcare Toddler childcare Pre-K childcare Rent - School district Rent - Head Start 2. Examine the costs listed in Table 2. a. Identify the direct costs associated with each service or program. Labor costs are the only direct costs associated with the programs. Food costs would be direct costs to the kitchen area but indirect to the end services. b. Which costs would be organization- or facility-sustaining costs? Provide an argument for or against assigning these costs to services or programs. The costs that would be considered to be organizationsustaining costs include depreciation, building insurance, and interest expense on the mortgage debt. Both ACDC and the tenants use the facility and, thus, should participate in the costs associated with acquiring the space.  3. Identify the broad activity categories and create cost pools by assigning the costs…

Which option is the most effective for companies and employees: a flexible spending account (FSA) or a health savings accounts (HSAs)

Your organization has opened a walk-in clinic.  A list of expenses has been given to the new staff accountant, Marvin, from the walk-in clinic manager and Marvin needs your help.  Marvin wants you to help him identify whether costs shown in the table below are direct or indirect.  Additionally, Marvin would like you to describe: 1.  The difference between direct and indirect costs. 2.  The "rule of thumb" for recognizing direct costs. 3.  Update the direct and indirect columns by placing an X in the appropriate column. 4.  The monetary total of direct and indirect costs.  Item Cost Direct Indirect IT Salaries and Benefits $1,500     RN Salaries and Benefits $9,600     Utilities and Telephone $3,000     Carpets $1,000     Magazine Subscriptions $     50     Vehicle Expense $1,775     Exam Table $5,500     End Tables $   500     Coffee Tables $1,400     Facility Insurance $   650     Staff Uniforms $1,200     Cleaning Supplies $   200     Desk Lamps $   150…

CASE QUESTIONS AND ANSWERS1. Identify the services and/or programs to be included in thecost and profitability analysis. Infant childcareToddler childcarePre-K childcareRent - School districtRent - Head Start 2. Examine the costs listed in Table 2.a. Identify the direct costs associated with each serviceor program.Labor costs are the only direct costs associated withthe programs. Food costs would be direct costs tothe kitchen area but indirect to the end services.b. Which costs would be organization- or facility-sustainingcosts? Provide an argument for or against assigningthese costs to services or programs. The costs that would be considered to be organizationsustaining costs include depreciation, buildinginsurance, and interest expense on the mortgage debt.Both ACDC and the tenants use the facility and,thus, should participate in the costs associated withacquiring the space. 3. Identify the broad activity categories and create cost poolsby assigning the costs from Table 2 to the…

PRINCIPLE OF HEALTHCARE FINANCE

Which of the following costs are likely to be controllable by the chief of nursing in a hospital?a. Cost of medication administered.b. Cost of overtime paid to nurses due to scheduling errors.c. Cost of depreciation of hospital beds.

The University of Dental Health (UDH) is a state-run university focusing on the education and training of dentists, dental assistants, dental hygienists, and other dental professionals. UDH has just hired a new controller who wants to organize UDH by responsibility centers so that responsibility accounting can be implemented. The controller has asked for your assistance in identifying each of the following UDH functions as either a cost center (C) or a profit center (P).

East Alabama Medical Center uses nonfinancial performance measures to track the following objectives: • Maintain and improve the quality of clinical services. • Improve patient service. • Enhance employee recruitment and retention. (a) Link each of these objectives to one of the four balanced scorecard perspectives. Objective   Perspective Maintain and improve the quality of clinical services    FinancialLearning & growthInternal business processesCustomer Improve patient service    Learning & growthInternal business processesFinancialCustomer Enhance employee recruitment and retention    Learning & growthCustomerInternal business processesFinancial (b) Identify where on a balanced scorecard you would most likely find the following metrics: Metric   Perspective • Patient satisfaction score    Internal business processesFinancialCustomerLearning & growth • Number of medication errors    Internal business processesLearning…

The University of Dental Health (UDH) is a state-run university focusing on the education and training of dentists, dental assistants, dental hygienists, and other dental professionals. UDH has just hired a new controller who wants to organize UDH by responsibility centers so that responsibility accounting can be implemented. The controller has asked for your assistance in identifying each of the following UDH functions as either a cost center (C) or a profit center (P).

The University of Dental Health (UDH) is a state-run university focusing on the education and training of dentists, dental assistants, dental hygienists, and other dental professionals. UDH has just hired a new controller who wants to organize UDH by responsibility centers so that responsibility accounting can be implemented. The controller has asked for your assistance in identifying each of the following UDH functions as either a cost center (C) or a profit center (P).     UDH Center Cost or Profit Accounting   Bookstore   Cafeterias   Career services   Community workshops (providing continuing professional education necessary for state licensure)   Custodial services   Financial aid   Human resources   Information technology   Residence halls   Student parking lots (fee based)   University newspaper/radio station

The Allegheny School of Music has hired you as a consultant to help in analyzing the behavior of the school’s costs. Use the account-classification method of cost estimation to classify each of the following costs as variable, fixed, or semivariable. Before classifying the costs, choose an appropriate measure for the school’s activity. 1.Salaries and fringe benefits of the school’s full-time teachers. 2.Salaries and fringe benefits of the school’s full-time administrative staff. 3.Cost of buying books, sheet music, and other academic materials that are supplied to the students by the school. 4.Repairs on musical instruments. The school employs a full-time repair technician. Repair jobs that are beyond the technician’s capability are taken to a local musical-instrument dealer for repairs. 5.Fee charged by a local public accounting firm to audit the school’s accounting records. 6.Wages of the school’s part-time assistant recital instructors. These employees are hired on a tem-porary…