Discussions Weekly Learning Objective: Discuss the status finance within the healthcare environment Based on the videos and readings this week, what are some important issues facing healthcare financial managers today? What have you found in the literature that supports your response? How have the issues of today changed over the past 20 years? Are the issues the same for hospitals…
HCMG750 Week 1 Assignment: Financial Definitions and Chart of Accounts Points: 70 You have been given the following list of accounts and cost centers for a group of physician offices that you manage. The accounts are in alphabetical order. Create a numbering system for a chart of accounts using a 5-digit numbering system that incorporates the main categories of…
HCMG 750 Financial Management for Healthcare Assignment: Statement of Revenues and Expenses You have been given the Statement of Revenues, Expenses, and Changes in Net Position from Sarasota County Public Hospital for years 2019 and 2018 including financial notes and other hospital data. (Refer to link under required readings in week 2 weekly materials or in the assignment section). …
HCMG750 Case Study: Breakeven Analysis/Pricing/Contribution Margin Week 2 Points: 50 Use the information below to answer the questions that follow. Put your answers on a separate document and show your work. (Review Chapter 8) You are heading up a large multi-specialty group practice. There are four specialties in the group: Internal Medicine, General Surgery, Pediatrics, and OB-GYN. You…
HCMG750 Assignment: Financial Analysis Week 3 Points: 150 You are a consultant to Concord Hospital in New Hampshire. You have the financial reports along with some additional data that you are reviewing in order to provide some recommendations for the hospital moving forward. As part of your analysis, you will be comparing the performance of Concord Hospital to the…
Assignment: Value Based Programs, MIPS and APM Weekly Learning Objectives: • Evaluate the financial impact that value based programs have on healthcare providers • Discuss the MIPS and APM programs that are being implemented. Write a 5-6 page paper discussing the various initiatives we have covered in class (Value Based, MIPS and APM) Make sure that…
HCMG750 Week 4 Assignment: Calculating the reimbursement/revenue Points: 75 Enter your work where indicated below. Once completed, select File>Download as a Word doc and then submit in Blackboard via Assignments. Complete questions 7-8 in the designated Discussion Board thread. Community Hospital is a 455 bed hospital. You are starting to look at your sources of revenue for the…
There are many websites that discuss how to negotiate a good managed care contract. When negotiating the fee schedule, how do physician offices/hospitals know if they will obtain a good financial outcome (reimbursement) when they enter into negotiations for a managed care contract? What data do they need to investigate have ready as they enter into these negotiations. Consider any…
Weekly Learning Objective: Identify and discuss the steps in the revenue cycle How can data analytics be used to assist in the revenue cycle process? Make sure to consider the various steps in the process, the CDM (charge description master), and patient satisfaction. How will the flow of the revenue cycle be changed with the upcoming MIPS and APM programs?…
Discussions Weekly Learning Objective: Discuss the challenges and differences between the existing ACA and the proposed plan by the current administration Answer the following questions with regards to the proposed changes to the ACA. What are some of the changes proposed by the current administration regarding healthcare? (Discuss at least three) How will each of the following be impacted by these changes…
