Reporting Practices and Ethics Starla Edwards Health Care Financial Accounting/HCS 405 October 17, 2011 Marjorie Romano Reporting Practices and Ethics Financial practices and ethics can play an important part of any organization including the health care environment. In order for the health care organization to be successful one must adopt an efficient financial practice and possess ethical standards. The management of finances for a health care organization may be a challenge for managers
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HCS/405 Health Care Financial Accounting Many hospitals in the United States are faced with many financial burdens. Hospitals have the challenge of making adjustments according to the economy, patient need, and quality of care. With the downfall of the economy, accounting issues, funding options, capital growth, and capital insufficiency, many hospitals are faced with making and planning financial decision in order to succeed. The Elijah Heart Center analysis simulation shows how
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Ratio Computation HCS 405, University of Phoenix November 5, 2012 Diana Schilling Eight Basic Ratio’s Used in Health Care Liquidity Ratios 1. Current Ratio: Current Assets/Current Liabilities UNAUDITED: 2009: $128,867/$23,807 = 5.41 2008: $130,026/$8,380 = 15.52 AUDITED: 2009: $127,867/$23,807 = 5.37 2008: $130,026/$8,380 = 15.52 2. Quick Ratio: Cash & Cash Equivalents + Net Receivables/Current Liabilities UNAUDITED: 2009: $22,995 + ($59,787-$10,757)/$23,807 = 3.03 2008:
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Simulation Review Mary Kaiser HCS/405 Health Care Financial Accounting July 21, 2014 David Albalat Simulation Review Introduction The simulation review was to capture the capital shortages, evaluate the funding options for acquiring new or refurbished medical equipment and evaluate the funding options for capital expansion for Elijah Heart Center (EHC). After reviewing the simulation our discussion will entail the two cost-cutting and loan options, equipment options and funding is most
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Simulation Review Paper Joel Chappell HCS/405 November 3, 2014 Latrina Benjamin-Frazier The simulation focused on a hospital that was called Elijah Heart Center which is a cardiac care hospital. The Elijah Heart Center has been according to their financial statement struggling, which has been caused by capital shortages, funding options and their capital expansions. In order to ensure that the overall organization will have enough funds to properly
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| Week 4 Individual Assignment | Simulation Review Paper | | By: Kayte Zbikowski | 7/21/2011 | HCS/405 Health Care Financial Accounting Teacher: Mike Shin | My strategy will consist of three phases. These phases include: capital shortage, funding options for equipment acquisition and funding options for capital expansion. During these three phases I will observe the necessary financial statements and documents. From this information I will analyze the information and decide
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Reporting Practices and Ethics Mia Moseley HCS/405 David Catoe August 25, 2014 According to Hicks (n.d.), “An accounting department plays an enormous role within the medical office. As the backbone of the organization, the accounting department allows the organization to operate at its fullest potential. Without an accounting department, it would be impossible for any type of organization to operate in a cost effective manner” (The Role of Accounting in the Medical Office)
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Simulation Review Paper Vicky Davis HCS/405 September 12, 2011 Kristin McFarland Simulation Review Paper Financial Accounting from a Cardiac Care Hospital’s Perspective In 1975, the first hospital that was constructed in Kelsey is Patton-Fuller Community Hospital. They are most often dedicated to provide quality customer care; they specialize in programs that can maintain the health and welfare of the local community and other population. Patton-Fuller Health
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Simulation Review HCS/405 September 2, 2013 Elijah Heart Center (EHC) is a healthcare organization that focuses on patients with heart problems. This 140 bed cardiac care hospital located in New York function as an advanced coronary care center, 120,000 square feet cardiac catheterization labs, surgical suits for open heart surgery, ancillary equipment for radiology, labs, nephrology, pulmonology and service for full spectrum of cardiovascular patients. There is also a full
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Board Chief Finance Officer’s Statement 5 8 9 12 2 Highlights and Performance Report Highlights PTV Performance Report 15 16 22 3 4 Financial statements Appendices 31 99 1 Public Transport Victoria Annual Report 2012 – 13 2012 – 13 Annual Report transmittal letter 11 September 2013 The Hon. Terry Mulder MP Minister for Public Transport 121 Exhibition Street Melbourne VIC 3000 Dear Minister Annual Report 2012 – 13 In accordance with provisions of the Financial Management Act 1994, I am pleased
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