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Solved: Understand how receiving revenue for services is a revenue stream.



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Chapter 4: Revenue Inflow

After completing this chapter the student should be able to:

1.  Understand how receiving revenue for services is a revenue stream.

2.  Recognize contractual allowances and discounts and their impact on revenue.

3.  Understand the differences in sources of health care revenue.

4.  See how to group revenue for planning and control.



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Solved: Find four separate health care organization’s net worth terms in published news sources such as The Wall Street Journal or Business Week.



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Task 3 – Task 3 Net Worth Terminology

Task 3- Net Worth Terminology

Review the chapter text about net worth terminology and Exhibit 3-3.

1.      Find four separate health care organization’s net worth terms in published news sources such as The Wall Street Journal or Business Week.

 

2.      Based on this information, comment on whether the net worth terms you have found appear to be referring to for-profit corporations; for-profit sole proprietors or partnerships, or not-for-profit companies. What led you to believe this?

 

3.      If you were the author of these articles, would you have been more specific? If so, why? If not, why not?

Present your findings to the class.



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Solved:LESSON 3 An accounting equation reflects a relationship among assets, liabilities and net worth as follows:



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LESSON 3

An accounting equation reflects a relationship among assets, liabilities and net worth as follows: assets equal liabilities plus net worth. The three pieces must always balance among themselves because this is how they fit together.  The equation is as follows:

Assets = Liabilities + Net Worth

Review the following key terms: (Students may see the key terms on a quiz)

  • Assets
  • Equity
  • Fund Balance
  • Liabilities
  • Net Worth


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Solved: What makes sense for you in the article as a consumer and as a professional in healthcare?



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Please click on the article above highlighting the benefits of healthcare.  What makes sense for you in the article as a consumer and as a professional in healthcare?

Do you agree or disagree with the professor in the article, explain your response.



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Solved:CHAPTER 3—ASSETS, LIABILITIES AND NET WORTH



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CHAPTER 3—ASSETS, LIABILITIES AND NET WORTH

After completing this chapter the student should be able to:

1.         Recognize typical assets.

2.         Recognize typical liabilities.

3.         Understand net worth terminology.

4.         See how assets, liabilities, and net worth fit together



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Solved: Find an excerpt from a health care organization’s chart of accounts. It can be from a published source or from an actual organization.



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Task 2: Chart of Acccounts

Review the chapter text about the chart of accounts and how it is a map of the company elements. 

Also review Exhibits 2–1, 2–2, and 2–3.

Required

1.     Find an excerpt from a health care organization’s chart of accounts. It can be from a published source or from an actual organization.

2.     Based on this chart of accounts excerpt, comment on what the structure of the organization’s reporting system appears to be.

3.     If you were a manager (at this organization), would you want to change the system? If so, why? If not, why not?



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Solved: Financial management is both an art and a science.



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Lesson 2 Assignment

Financial management is both an art and a science. You, as a manger, need to perceive the structure and reasoning that underlies management actions.  It is essential to recognize the overall system in which your organization operates.

An order exist within the system and it is generally up to you to find out the order, the four segments that make health care financial system work are:

·                The original records

·                The information system

·                The account system

·                The reporting system

 

Please discuss these four segments; in your responses, provide an example of each.   



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Solved: Understand that four segments make a financial management system work.



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Week 2 Learning Objectives- Chapter 2

After completing this chapter the student should be able to:

1.  Understand that four segments make a financial management system work.

2.  Follow an information flow.

3.  Recognize the basic system elements.

4.  Follow the annual management cycle.



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Solved: Do you believe your design of the detailed organization chart indicates centralized or decentralized lines of authority for decision making?



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Required

1.  Refer to the Metropolis Health System (MHS) case study appearing in CHAPTER 28. Read about the various types of services offered by MHS.

 

2.  The MHS organization chart has seven major areas of responsibility, each headed by a senior vice president. Select one of the seven areas and design additional levels of detail that indicate the managers. If you have considerable detail you may choose one department (such as ambulatory operations) instead of the entire area of responsibility for that senior vice president.

 

3.  Do you believe your design of the detailed organization chart indicates centralized or decentralized lines of authority for decision making? Can you explain your approach in one to two sentences?



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