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HCA 270 ENTIRE COURSE

HCA 270 Week 1 Individual Assignment Financial Concepts and Reports

Complete the Axia Material: Financial Concepts and Reports worksheet by matching the financial
concepts, reports, and real-world examples.

Post the assessment as an attachment.

HCA 270 Week 1 DQS

DQ 1

Why do we need financial and managerial accounting? What are the differences between the
two? List references if you use a source other than the text.

DQ 2

What are the four elements of financial management? What is a professional or personal
experience you have had with the elements? Identify the element or elements and explain the
experience.

HCA 270 Week 2 Individual Assignment Balance Sheets and Income Statements

Understanding balance sheets and income statements can be difficult and the terms associated
with each are commonly confused. To help you become more familiar with concepts associated
with each and more successful in finance, study and test your knowledge by quickly recognizing
which term belongs on which form.

Complete the Balance Sheets and Income Statements multimedia game on the student website
by correctly classifying the terms as either balance sheet- or income statement-specific.
Save your results by clicking Save when you are finished.

Post your assignment as an attachment.

HCA 270 Week 2 Individual Assignment Contractual Allowances, Grouping Revenue and
Expenses

Resource: Axia Material: Contractual Allowances, Grouping Revenue, and Grouping Expenses
Complete Part I by computing contractual allowances.
Complete Part II by indicating the cost center and the correct revenue source.
Complete Part III by indicating the cost center for the expense.
Post your assignment as a Microsoft Excel spreadsheet.

HCA 270 Week 3 Individual Assignment Costs Classification

Review the classification of costs presented in Ch. 6 of Health Care Finance.

Complete the Axia Material: Costs Classification worksheet.
Post your assignment as an attachment.

HCA 270 Week 3 DQS

DQ 1

Understanding the difference between fixed and variable costs, what area of a health care facility
or physician practice do you think would have a greater amount of variable costs than fixed?
What would you suggest to lower the fixed costs for the same area?

DQ 2

Provide an example of a direct cost and indirect cost from your workplace or an
organization with which you are familiar. What is the difference? Explain your answer. List
references if you use a source other than the text.

HCA 270 Week 4 Individual Assignment Annualizing Staffing

Review Exhibit 9-2 in Ch. 9 of Health Care Finance, regarding annualizing calculations and
positions.
Complete the Axia Material: Annualizing Staffing worksheet by determining the physician practice
staffing needs
Calculate the staffing factor.
Post your assignment as an attachment.

HCA 270 Week 4 Individual Assignment Managing Staf

Accounting practices and principles are at the heart of a managers role. To understand the
needs of operating a department, it is necessary to understand the importance of accounting in
identifying operational needs.

Review the Axia Material: Annualizing Staffing worksheet.

Write a 700- to 1,050-word paper, identifying the role of the health care manager, comparing
productive and nonproductive time. Consider the following:

How are costs tied to staffing?

What is the difference between the annualized method and the scheduled-position method?
Why annualize staffing?
What is the benefit of recording productive and nonproductive time, if at all?

Cite at least two sources other than your text.

Format your paper consistent with APA guidelines.

Post your paper as an attachment.

HCA 270 Week 5 Individual Assignment Computing Book Depreciation

Resources: Axia Material: Assignment Form, Health Care Finance

Complete the table by defining the five methods of computing book depreciation.

Write an explanation for why it is important for a health care facility or physician practice to pay
attention to depreciation more than a computer software business.

Post your assignment as an attachment.

HCA 270 Week 5 DQS

DQ 1

What is the relationship between inventory and cost of goods sold by a pharmacy or medical
supply business? Explain the depreciation concept. What items in a physician practice can be
depreciated? What is the purpose?

DQ 2

Each department is responsible for inventory control. At your workplace or an organization with
which you are familiar, what type of inventory method is utilized, last-in, first-out or first-in, first-
out? What weaknesses have you encountered, if any? Explain your answer. List references if you
use a source other than the text.

HCA 270 Week 6 Individual Assignment Comparative Data

Resource: Axia Material: Comparative Data

Complete the table by answering the following questions:

What criterion must be met for true comparability?

What elements of consistency should be considered?
What is the managers responsibility in comparing data?
What are the four common uses of comparative data?
What is meant by standardized data?

Post your assignment as an attachment

HCA 270 Week 6 Individual Assignment Time Value of Money

Complete Part I of the Axia Material: Time Value of Money worksheet by defining the time value
of money. Include a real-world example that illustrates the concept. Answer the questions:

Why is time such an important factor in financial matters?

How might you use the principles of the time value of money to your financial benefit?

Complete Part II by calculating the present value, internal rate of return, and payback period
depicted in the worksheet.

Post your assignment as an attachment.

HCA 270 Week 7 DQS

DQ 1

Why is budgeting so important? What are the appropriate uses of a budget? How can
budgets be mismanaged or misunderstood? What are some criteria you would use to choose
between a fixed and a flexible budget? Explain your answers.

DQ 2

What do you think is the major purpose of financial statements? Why? Explain what type of
information can be derived from financial statements. List references if you use a source other
than the text.

HCA 270 Week 8 Individual Assignment Ratio Analysis

Resources: Ch. 11 of Health Care Finance, Doctors Smith and Brown Statement of Net Income
and Balance Sheet

Use the Axia Material: Ratio Analysis Form to complete the following:

Define each of the following ratios:

Current ratio
Quick ratio
Debt service coverage ratio
Operating margin
Return on total assets

Explain the purpose of each ratio.

Compute the following ratios from Drs. Smith & Browns financial statements located on the
student website:

Current ratio
Quick ratio
Debt service coverage ratio
Operating margin
Return on total assets

Explain what these ratios tell you about the status of the organization. Compare to the median
hospitals. See the table in the Axia Material: Ratio Analysis Form.

Cite your references where indicated consistent with APA guidelines.

Post your assignment as an attachment.

HCA 270 Week 9 Final Project Implementing EMR

Information technology has enhanced operational activities throughout the health care industry.
Much has been discussed in financial analysis, price, and acquisition discrepancies. The
decision to acquire and implement technology, and justify the cost has perplexed physicians and
health care facilities.

Assume you are an office manager in a physicians group practice. As the office manager, you
have been asked to review and explain the financial implications of implementing electronic
medical records (EMR). You will address potential areas of financial concern and provide your
recommendation to the physicians group on whether or not to implement EMR.

Create a 12- to 15-slide Microsoft PowerPoint in which you outline the following areas of
financial concern and conclude with your decision on whether you would recommend EMRs to
the stakeholders. Include detailed speaker notes. Cite at least three outside sources and your
textbook. Discuss the following areas with the focus on the financial aspects:

Implementation process; This should be your introductory slide.

Why implement?
What is involved?

Financing technology; Choose at least five.

Capital expenditures
Opportunity costs
Budgeting, cash flow
Depreciation
Present value
Payback
Projected revenue
Overall costs

Costs not considered in the implementation process; Choose at least two.

Threat of litigation
Layout of facility
Life expectancy and value of the equipment
Maintenance
Increase in operational costs

Financial incentives for implementing new forms of technology: Choose at least one.

Government, as in Medicare reimbursement

Health care professional societies
Health plans, as in pay-for-performance programs
Quality improvement agencies that may offer financial incentives, such as the National
Committee for Quality Assurance, the Utilization Review Accreditation Committee, or the Joint
Commission

Advantages and disadvantages

Final recommendation

Format your presentation consistent with APA guidelines:

Title slide
Introductory or overview slide
Slides presenting the information required for the assignment
Detailed speaker notes with in-text citations
Recommendation or summary slide
Reference slide

Post your final project as an attachment.

HCA 270 Week 9 DQS

DQ 1

Provide an example of a health care capital expenditure. Why is the capital expenditure
budgeting process important? What concepts should be considered when evaluating a capital
expenditure? What do you feel is the most important factor when considering a capital
expenditure proposal?

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