Question
Research the following giving exact locations, web site addresses, telephone numbers, and any pertinent information. The purpose of this question is for you to differentiate
- Research the following giving exact locations, web site addresses, telephone numbers, and any pertinent information. The purpose of this question is for you to differentiate each type of organization. Find a healthcare facility (can be person, private practice, conglomerate, etc. as it is related to healthcare) (Chapter 1)
- Individual (DBA)
- Partnership
- Corporation
- Non-Profit healthcare
- Non-Profit government
- Assume you are the chief administrator of a Non for Profit 100 bed hospital. Develop an organizational chart identify key areas only. Names are not required, just departments and or areas of expertise. (Chapter 2)
- Assume you are a chief administrator of a long-term skilled nursing facility. You have been asked by the Chairman of the Board to help identify items you would include in a social media campaign. What platforms would you use and give some examples of what you would include on each platform? (Chapter 3)
- Find a balance sheet of any health care organization and identify at least 5 assets and 5 liabilities, explain what they mean. (Example cash- money needed to operate a business) (Chapter 4)
- Assume you have been asked by the finance department of a large conglomerate hospital with over 750 beds to identify at least 10 sources of revenue. You can assume the hospital is a for profit health care organization. (Chapter 5)
- Assume you have been asked by the finance department of a large conglomerate hospital with over 750 beds. Identify at least 20 sources of expenses. You can assume the hospital is a for profit health care organization. (Chapter 6)
- Here is an example of indirect cost that needs to be allocated. Fill in the questions marks based on the allocation key for each of the three areas. (Chapter 7)
Allocation Basis | Surgery A | Dietary B | Laboratory C | Total Indirect cost |
Cost to be Allocated
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$100,000.00 |
$200,000.00 |
$300,000.00 |
$600,000.00 |
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Allocated to: Patient rooms | ? | ? | ? | ? |
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Allocated to Pharmacy room | ? | ? | ? | ? |
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Allocated to Administration | ? | ? | ? | ? |
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Instructions:
Allocation Key
Surgery A. Based on time spent: Patient Rooms (40%)/Pharmacy (40%) Administration (20%)
Dietary B. Based on patient seen: Patient Rooms 200, Pharmacy Room 300, Administration 50
Laboratory C. Based on consultation hours: Patient Rooms 275, Pharmacy 125, Administration 75
- Find an Income Statement of any health care organization and identify at least 5 Fixes costs and 5 Variable Costs, explain what they mean. (Chapter 8)
- Compute the Earning After Tax using both FIFO & LIFO inventory evaluation methods from the following data: (chapter 9)
Revenue is assumed at 414 units that sell for $55.00 per unit |
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Cost of sales |
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Beginning inventory | 118 units @$1.50 per unit |
Purchase of | 216units @ $2.00per unit |
Purchase of | 300 units @ $2.50 per unit |
Purchase of | 75 units @$3.00 per unit |
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Ending inventory | ???? units ( not a mistake you must determine what the ending dollar inventory and units are) |
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Operating expenses | $1,325.00 |
Income tax rate | 20% of Gross Profit |
In some cases, there may not be a gross profit. |
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- Please compare between Productive and Nonproductive time with giving an example for each of them. (Chapter 10).
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