...Capital Project – Practice Management System Amy Guerber HCS/571 August 30, 2015 Professor Linda Roan Practice Management System In medical practices, the investment in a practice management system is necessary to effectively manage the operations of all departments. A typical practice management system captures billing data, patient demographic information, strategic reports, and appointment scheduling. The HITECH Act of 2009 requires that patient demographics, as well as disease data, are collected and reported to federal and state health agencies in electronic format (CDC, 2012). As a result, our practice has made the decision to invest in the purchase and implementation of the Greenway Health practice management system. The purpose of this paper is to provide background on the system, identify the management and organizational goals for selecting this system, the benefits to the organization, and the justification for this capital investment. Greenway Health Practice Management As a web-based application, the Greenway Practice Management system has been selected as the preferred solution because of its ability to verify benefits eligibility for patients, manage patient scheduling and patient billing. The application will streamline the billing process for the multiple office locations in our practice, allowing for centralized management. A primary feature of the Greenway Health Practice Management system is its...
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...Capital Project Name: Institution: It is on record that companies and organizations in different industries invest massive resources in their specific lines of operation in order to survive in their respective industries, maintain market shares, and continue to provide quality products or services together with generating more income. Specifically, organizations in the health care sector often invest in capital projects that are aimed at attaining both managerial and organizational goals (Rechel, Wright & Edwards, 2009). In most cases, the capital projects undertaken by health care facilities take up huge percentages of their incomes or revenue because they involve purchase of expensive machinery, building projects, and advanced medical equipments. Some of the viable capital projects that health care facilities invest in include research laboratories or libraries, machinery such as CT scanners, Magnetic resonance imaging equipment and powerful X-ray machines among others. A case in point is a capital project in St. Luke’s health care center in which the management recently approved a capital investment of purchase and installation of patient records filing software is projected to change the manner in which this facility has been performing its daily operations. In this regard, this paper aims at evaluating St. Luke’s health care facility in relation to management objectives and organizational goals in addition to highlighting...
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...**Capital Purchase Js HCS/571 April 07, 2013 R g Capital Purchase A capital expenditure is a pledge of funds that is anticipated to grant benefits during a practically extended, usually a minimum two years, sometimes longer (Cleverley & Cameron, 2007). Client Health and Rehabilitation Center a skilled nursing facility in Anywhere, NY has determined that a capital expenditure of an installation of electronic medical records (EMR) will help their facility compete with surrounding facilities. The cost will be roughly $50,000, and will consist of the hardware, labor, software, service, and education for facility staff. This paper will confer that attainment of electronic medical record hardware and software will facilitate organizational and management with facility goals based on the necessity of the facility to compete with other facilities in the area that are technically advanced. In the long run the facility will reap the rewards of the installation of this new technology. Management Goals Productivity The chief goals of the administration group at Client Health and Rehabilitation Center is that of productivity. With the organization becoming further advanced technologically owing to the use of the EMR system, responsibilities that consist of procuring doctors orders for updating, filing, and charting additional redundancies, and use many paper charts will not be necessary, thereby doing away this outdated...
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...Aromasin The list of names may not include all products that are available on the market. What is this medicine? EXEMESTANE (ex e MES tane) blocks the production of the hormone estrogen. Some types of breast cancer depend on estrogen to grow, and this medicine can stop tumor growth by blocking estrogen production. This medicine is for the treatment of breast cancer in postmenopausal women only. This medicine may be used for other purposes; ask your health care provider or pharmacist if you have questions. What should I tell my health care provider before I take this medicine? They need to know if you have any of these conditions: • an unusual or allergic reaction to exemestane, other medicines, foods, dyes, or preservatives • pregnant or trying to get pregnant • breast-feeding How should I use this medicine? Take this medicine by mouth with a glass of water. Follow the directions on the prescription label. Take your doses at regular intervals after a meal. Do not take your medicine more often than directed. Do not stop taking except on the advice of your doctor or health care professional. Contact your pediatrician regarding the use of this medicine in children. Special care may be needed. Overdosage: If you think you have taken too much of this medicine contact a poison control center or emergency room at once. NOTE: This medicine is only for you. Do not share this medicine with others. What if I miss a dose? If you miss a dose, take the next...
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...bus PROJECT FINAL REPORT ON “Working capital management at Nalco” BY RAKESH KUMAR BARAL (PGDM) Accman institute of management Summer Internship Project (Batch of 2008) PREFACE To start any business, First of all we need finance and the success of that business entirely depends on the proper management of day-to-day finance and the management of this short-term capital or finance of the business is called Working capital Management. Working Capital is the money used to pay for the everyday trading activities carried out by the business - stationery needs, staff salaries and wages, rent, energy bills, payments for supplies and so on. I have tried to put my best effort to complete this task on the basis of skill that I have achieved during the last one year study in the institute. I have tried to put my maximum effort to get the accurate statistical data. However I would appreciate if any mistakes are brought to my by the reader. ACKNOWLEDGEMENT A work is never a work of an individual. I owe a sense of gratitude to the intelligence and co-operation of those people who had been so easy to let me understand what I needed from time to time for completion of this exclusive project. I am greatly indebted to my guides Prof. DENESH SINGH ,faculty guide for Finance (summer internship),...
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...Capital Project Martha Mireles HCS/571 February 11, 2013 Janine Lewis Capital Project “A capital expenditure is a commitment of resources that is expected to provide benefits during a reasonably long period, at least two or more years” (Cleverly & Cameron, 2007, p. 397). Sometimes it can be difficult to determine the difference between a capital expenditure and a routine expense. A capital expenditure improves the value of the asset, whereas a routine expense is used for maintenance of that asset. For example, installation of a new bathroom in a rental is a capital expenditure, because it increases the value of the rental. Repairing the stove, however, is a routine expense designed to keep the rental in operating condition. The main goal of a capital purchase is that the lifetime of that product will extend beyond the year of purchase. After purchased the product is called a capital asset. Capital assets are all tangible property which cannot easily be converted into cash and which is usually held for a long period, including real estate, equipment, etc. (Finkler, Kovner, Jones, 2007). Capital assets and money used to purchase such items are treated differently than that of the operating budget. The operating budget is money being used and tangible at the time. Capital assets may cost money now, yet you may not profit from them until another period of time. The key to a good capital purchase knows the life of the product. This can help you choose...
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...Section I of the Capital Project Christina Haralson University of Phoenix HCS/571 Ralph Gigglio July 9, 2012 Section I of the Capital Project Within the hospital system, there are many decisions and steps one must take when deciding on a capital purchase for the organization. Capital purchases are considered purchases that will benefit your organization for more than a year. For the purpose of this paper the capitol purchase discussed is one of the electronic medical record. The federal government wants all medical providers to have an Electronic medical record by the year 2014. To keep up with the growing changes in technology allotting for this purchase will greatly affect the hospital system in many ways and prove its return on investment (ROI). According to Health Revenue.com, “ The goals of the EMR are: * EMR will help to streamline the medical records process by bringing structure to how it is done * EMR will help to ensure medical records are more complete and correct * EMR will help to providers follow drug authorization more thoroughly to protect against errors and abuse * EMR will reduce transcription costs * Fewer charts will have to be pulled because physicians will have easier access to information, no matter where they are * EMR will improve clinical messaging and thus improve the work flow and care of patients * EMR will help make charge capture more accurate (2011)”. This paper will explore the management and organization goals...
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...Section I of the Capital Project Section I of the Capital Project Within the hospital system, there are many decisions and steps one must take when deciding on a capital purchase for the organization. Capital purchases are considered purchases that will benefit your organization for more than a year. For the purpose of this paper the capitol purchase discussed is one of the electronic medical record. The federal government wants all medical providers to have an Electronic medical record by the year 2014. To keep up with the growing changes in technology allotting for this purchase will greatly affect the hospital system in many ways and prove its return on investment (ROI). According to Health Revenue.com, “ The goals of the EMR are: * EMR will help to streamline the medical records process by bringing structure to how it is done * EMR will help to ensure medical records are more complete and correct * EMR will help to providers follow drug authorization more thoroughly to protect against errors and abuse * EMR will reduce transcription costs * Fewer charts will have to be pulled because physicians will have easier access to information, no matter where they are * EMR will improve clinical messaging and thus improve the work flow and care of patients * EMR will help make charge capture more accurate (2011)”. This paper will explore the management and organization goals, the impact on the economic environment, and justifiable expenses and relate them to...
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...Section 1 Capitol Project Deborah Kirk University of Phoenix HCS 517 Debra Vaughn April 25, 2016 Many healthcare organizations set goals and objections and write mission statements that reflect the way they want the public to see how healthcare is provided. This is done to guide how their healthcare providers practice daily. In order to meet these goals and objects it is necessary to have in place processes and procedures to ensure the results will be what is expected which is a positive patient experience and outcome. In order for our organization to reach this goal there is a coaching and execution package that will provide step-by-step processes and procedures to ensure that everyone is doing the same thing at the same time with every patient every day. This package is called the Studer Principles® offered by the Studer Group Corporation®. This package is detailed and contains the necessary information to educate all staff in evidence based leadership that will foster a relationship between leadership and staff. The package will also provide every employee with the tools necessary to perform their jobs more efficiently to increase positive patient outcomes and experiences. This will be a new way of learning but will do so in a way that everyone will be on the same page and speaking the same language. After reviewing the strategic plan for the Fayetteville Veterans Administration Medical Center there are a number of goals and objectives covered in this document...
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...Colby Wagoner Cost of Capital Project(WACC) FIN 4422 T: 7:10-10 1. Marginal Cost of Debt: Kd= rf + Spread Kd= .0295(or 2.95%) + .0577(or 5.77%)= .0875(or 8.75%) 2. Marginal Cost of Equity: Ke= Kd+Risk Premium Risk Premium for choosing to invest in a more risky asset, the premium will be set at 10% due to the the falling stock price and ROE has dropped to -200% making the risky stock unappealing so setting the premium as high as I did should influence investors. Ke= .0875+.10= .1875(or 18.75%) 3. Marginal Cost of Preferred Stock: Preferred Stock Return would be a little less, Costing us 17.75% because the preferred stock(even though this company does not have any) would be less risky because of the fact that shareholders of preferred stock would get payed before those holders of common stock. 4. Marginal Cost of Leasing: KL= Kd(1-T)+ Premium KL=.0875(1-.35)+.02= .0769(or 7.69%) Referring to my source, under leases, it says it has various % so .02 premium would seem appropriate due to an increased risk of default. “The Company enters into non-cancelable operating leases for retail stores, distribution facilities, equipment, and office space. Most leases have fixed rentals, with many of the real estate leases requiring normal and customary additional payments for real estate taxes and occupancy-related costs. Rent expense for leases having rent holidays, landlord incentives or scheduled rent increases is recorded on a straight-line basis...
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...Working Capital Management: Analysis Project #1 Fall, 2012 Dr. Echevarria Cameron School of Business Working Capital Management Project The WCM project is an exercise using an enhanced cash budget to make changes to operating parameters in order to observe the impact on the pro forma income and balance sheet statements. The exercise uses an MS Excel spreadsheet. There are several management strategy options that will be simulated in order to gauge the results on operating cash flows and profitability. You task will be to analyze each option and determine which options will improve profitability. Your analyses will be written using a MS-Word document. Copy and paste from the spread sheet only the 6 [green] cells containing the Changes in Operating Income, Net Profit Margin, and Net Income. Label the word document as follows: LASTNAME_WCM.doc and email assignment to davidpe@charter.net. The assignment is due by midnight (Sunday), September 30, 2012. Background The Reliant Electrical Systems, Inc (RES) was started in 1967 to produce standby home power generators in the 12 to 15 Kilo-Watt peak output range (100 - 125 Amps at 120 volts AC). RES sells the generators to electrical equipment retailers and to home improvement outlets such as Home Depot and Lowes. In addition, a number of units are sold to small construction companies as well as state and federal agencies. The main facility is a 150,000 square foot building located in Richardson, Texas. This building...
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...Write-up AT&T About AT&T AT&T Inc. is an American multinational telecommunications corporation headquartered in Whitacre Tower, downtown Dallas, Texas. AT&T is the largest provider both of mobile telephony and of fixed telephony in the United States, and also provides broadband subscription television services. AT&T is the third-largest company in Texas (the largest non-oil company, behind only ExxonMobil and ConocoPhillips, and also the largest Dallas company). As of May 2013, AT&T is the 21st largest company in the world by market value, and the 13th largest non-oil company. As of 2013, it is also the 21st largest mobile telecom operator in the world, with over 107.9 million mobile customers. Capital Structure AT&T's capital structure is among the most conservative in the telecom industry, and management is committed to maintaining that position. The firm's net debt load currently totals 76.2 billion as of September 2013. Over a span of three years their net debt in total was 63.7 billion. Their debt/EBITDA was 2.41 at the end of September. Their equity however is higher than their debt. At the end of September 2013 their equity totaled 85.7 billion and 101.0 billion over a three year span. Their debt/equity ratio is 0.89 which is still good compared to the industry average of 0.70. They believe keeping leverage at that level is a good move given management's commitment to the dividend and the size of the firm's other obligations. AT&T’s...
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...RUNNING HEAD: Working Capital Management Integrated Project Assignment 2: Working Capital Management Claudio Cordon Strayer University March 11th, 2012 A1. The sales staff believes RES can increase the FOB price by $125.00 per unit. This increase in price is expected to decrease sales by 2.5%. [Hint: Increase B3 by $125. Enter -2.5 in cell B66.] The cash balance increased to $8,602,692 at the end of 2012 based on the projection of increasing the price by $125 even though sales decreased by 2.5%. Tho OI increased from 9.7M to 12.9M. The change in price will move NPM from 4% to 6.39% and NI from 3.4M to5.5M. This can be a good solution for the company to be successful in 2012. |Chg in OI |Performance Measures |Current |With Changes |Change Magnitude | | $3,273,175 |Current Ratio |4.93 |5.52 |0.59 | |NPM |Quick Ratio |3.74 |4.32 |0.59 | |6.39% |Defensive Interval |81.57 |93.79 |12.22 | |Chg in NI |Times Interest Earned |2.82 |3.98 |1.17 | |$2,169,025 |Gross Profit Margin |30.39%...
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...Laurentian Bakeries Capital Allocation Policy Recommendation Capital Allocation Policy purpose Strategic plan Reinforce the management philosophies by achieving certain objective that all projects be consistent with business strategies, support continuous improvement, consider the human resource and environmental impact, and provide a sufficient return on investment. company background and case summary identify and quantify inefficient or lost opportunities and establish targets for their elimination Capital Allocation Policy Operating Plan identify major continuous improvement initiatives and budget for the associated benefits Capital Allocation Policy Authorization for Expenditure (AFE) present the project's linkage to the business strategies. include specific details of economic and engineering, involvement and empowerment, human resource, environment. Cost of Capital (WACC) Net Present Value Questions? Thank you! Laurentian Bakeries Inc established in 1984 manufactured a variety of frozen baked food products at plants in Winnipeg (Pizzas), Toronto (Cakes) and Montreal (Pies) In late May, 1995, Danielle Knowles, vice president of operations for Laurentian Bakeries Inc prepared a capital expenditure proposal to increase capacity in the company's frozen pizza plant in Winnipeg, Manitoba, in order to expand in the US market three year plan of capital requirements The first year of this Strategic Plan becomes the annual Operating Plan. identify major continuous improvement ...
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...is preparing a meeting of the Capital Expenditure Committee (CEC) in November 2006. This meeting consists of Target senior executives to consider ten capital project requests (CPR) representing nearly $300 million in Capex. Five CPRs, representing about $200 million in Capex, would require more attention from the CEC. The company’s general growth strategy consists of opening 100 new stores every year, while maintaining a positive brand image. The CEC is responsible for approval of projects within the rage of $100,000 and $50 million of Capex and tries to stay within the capital budget to meet the goal of opening 100 new stores a year and approving projects to assure a prosperous future for Target. The meeting lasts several hours and this is maybe not the best time of use for executive officers. A way to shorten the meeting could be in increasing the minimum Capex projects from $100,000 to $5 million to reduce the amount of projects in the meeting for instance. Another advantage is that the proposed projects can be discussed more in depth. In the monthly meeting, projects are presented by real estate managers along with data in the form of a dashboard that summarizes the key facts of each project which require 1-2 years of preparatory work. The real estate manager of the specific area, where the project should take place, is responsible for the proposal from inception to completion and has a strong interest and commitment to the proposal. If a project were ultimately rejected by...
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