Course MaterialsBaker J. J. & Baker R. W. (2011). Health care finance: Basic too

Course MaterialsBaker J. J. & Baker R. W. (2011). Health care finance: Basic tools for nonfinancial managers (3rd ed.). Sudbury MA: Jones & Bartlett Publishers.All electronic materials are available on the student website.Week One: Overview of Health Care FinanceDetailsDuePointsObjectives1.1Define basic health care finance terms.1.2Describe the four segments that comprise a financial management system.1.3Identify financial reporting practices and ethical standards of conduct.ReadingReadthe Week One Read Me First.ReadingRead Ch. 1 of Health Care Finance.ReadingRead Ch. 2 of Health Care Finance.ReadingReview the Healthcare Financial Management Association website (www.hfma.org). You may find this website helpful as a general resource for this course.ReadingRead this week s Electronic Reserve Readings. Pay special attention to the following articles:Sarbanes-Oxley. (2007). Encyclopedia of Small Business.Sarbanes-Oxley. (2009). In BUSINESS: The Ultimate Resource.ParticipationParticipate in class discussion 4 of 7 days. All participation in the class each week needs to be substantive and must be relevant to the participation.2DiscussionQuestionsPost your response to Week One Discussion Questions in theMain forum by Day 2 and Day 5. Responses to each question must be at least 200 to 300 words and apply concepts and teachings from the weekly readings.DQ1 WedDQ2 Sat2Nongraded Activities and PreparationReporting Practices and Ethics Paper (Preparation)Beginworking on the Reporting Practices and Ethics Paper due in Week Two.Learning Team InstructionsLearning Team You will be assigned to a Learning Team.Learning Team InstructionsWeekly ReviewReview the Week One objectives and discuss additional insights and questions that may have arisen.Learning Team InstructionsPatton-Fuller Income Statement Worksheet (Preparation)Beginworking on the Patton-Fuller Income Statement Worksheet due in Week Two.Learning Team InstructionsFinancial Statements Review (Preparation)Beginworking on the Financial Statements Review due in Week Three.IndividualWeek One Health Care Financial TermsWorksheetResources:University of Phoenix Material: Week One Health Care Financial Terms WorksheetComplete the University of Phoenix Material: Week One Health Care Financial Terms Worksheet located on the student website.Sat2Week Two: Financial Reporting and Financial PerformanceDetailsDuePointsObjectives22.1Describe the annual report and financial statements of a health care organization.2.2Explain the utilization of health care revenue sources.2.3Describe how revenues and expenses are grouped for planning and control.ReadingRead the Week Two Read Me First.ReadingRead Ch. 4 of Health Care Finance.ReadingRead Ch. 5 of Health Care Finance.ReadingRead Ch. 6 of Health Care Finance.ReadingRead Ch. 10 of Health Care Finance.ReadingRead this week s Electronic Reserve Readings.ParticipationParticipate in class discussion 4 of 7 days.2Discussion QuestionsPost your response to Week One Discussion Questions in theMain forum by Day 2 and Day 5. Responses to each question must be at least 200 to 300 words and apply concepts and teachings from the weekly readings.DQ1 WedDQ2 Sat2Learning TeamInstructionsLearning Team CharterWorkon the Learning Team Charter with your group. Completethe Learning Team Charter and submit the assignment to theAssignment LinkSaturday1Nongraded Activities and PreparationSimulation Review (Preparation)Beginworking on the Simulation Review due in Week Four.Learning Team InstructionsFinancial Statements Review (Preparation)Continueworking on the Financial Statements Review due in Week Three.IndividualReporting Practices and Ethics PaperResources: University of Phoenix Material: Reporting Practices and Ethics Paper Grading CriteriaFindtwo or three articles that address financial reporting practices and ethical standards in health care finance including the following topics:Generally accepted accounting principlesCorporate compliance ethics or fraud and abuseWrite a 700- to 1050-word paper on the financial management of health care organizations integrating your research articles.Include a summary of the four elements of financial management.Include a summary of generally accepted accounting principles and general financial ethical standards.Provide examples from the articles that reflect ethical standards of conduct and financial reporting practices.Explain the significance of each example.Format your paper consistent with APA guidelines.Monday18IndividualWeek Two Health Care Financial TermsWorksheetResources:University of Phoenix Material: Week Two Health Care Financial Terms WorksheetComplete the University of Phoenix Material: Week Two Health Care Financial Terms Worksheet located on the student website.Sat2Learning TeamPatton-Fuller Income Statement WorksheetResource:University of Phoenix Material: Patton-Fuller Income Statement Worksheet.Review the income statements for 2008 and 2009located in the Patton-Fuller Community Hospital Virtual Organization.1. Click on the Virtual Organization link on the left column of the student website.2. Click on the Healthcare tab and access the Patton-Fuller Community Hospital.3. Click the Chief Financial Officer link under the Corporate Officers tab to access the financial statements.Complete the University of Phoenix Material: Patton-Fuller Income Statement Worksheet located on the student website.Monday2Week Three: Budgeting and Cost ClassificationDetailsDuePointsObjectives33.1Describe the process for creating an operating budget and a capital budget.3.2Analyze costing methods in the health care industry.ReadingRead the Week Three Read Me First.ReadingRead Ch. 7 of Health Care Finance.ReadingRead Ch. 8 of Health Care Finance.ReadingRead Ch. 15 of Health Care Finance.ReadingRead Ch. 16 of Health Care Finance.ReadingRead this week s Electronic Reserve Readings.ParticipationParticipate in class discussion 4 of 7 days.2DiscussionQuestionsPost your response to Week One Discussion Questions in theMain forum by Day 2 and Day 5. Responses to each question must be at least 200 to 300 words and apply concepts and teachings from the weekly readings.DQ1 WedDQ2 Sat2Nongraded Activities and PreparationSimulation Review (Preparation)Continue working on the Simulation Review due in Week Four.Learning Team InstructionsHealth Care Case Study: Sensitivity Analysis (Preparation)Begin the Health Care Case Study: Sensitivity Analysis assignment due in Week Five.IndividualWeek Three Health Care Financial Terms WorksheetResources:University of Phoenix Material: Week Three Health Care Financial Terms WorksheetComplete the University of Phoenix Material: Week Three Health Care Financial Terms Worksheet located on the student website.Sat2Learning TeamFinancial Statements ReviewResources: Patton-Fuller Community Hospital Virtual Organization and University of Phoenix Material: Financial Statements Review Grading CriteriaReviewthe financial statementslocated in the Patton-Fuller Community Hospital Virtual Organization.1. Click on the Virtual Organization link on the left column of the student website.2. Click on the Healthcare tab and access the Patton-Fuller Community Hospital.3. Click the Chief Financial Officer link under the Corporate Officers tab to access the financial statements.Write a 350- to 700-word summary that addresses the following:Annual report including the Patton-Fuller financial statementso How did the audited and unaudited financial statements differ?Relationship between revenue sources and expenses on Patton-Fuller s financial performanceo What is the effect of revenue sources on financial reporting at the hospital?o How are the hospital s revenues and expenses grouped for planning and control?Formatyour paper consistent with APA guidelines.Monday14Week Four: Management Reporting and AnalysisDetailsDuePointsObjectives44.1Describe the financial concepts related to health care staffing.4.2Explain the use of trend analysis.4.3Summarize the utilization of forecasting and comparative data.4.4Identify key financial ratios.ReadingRead the Week Four Read Me First.ReadingRead Ch. 9 of Health Care Finance.ReadingRead Ch. 11 of Health Care Finance.ReadingRead Ch. 13 of Health Care Finance.ReadingRead Ch. 14 of Health Care Finance.ReadingRead this week s Electronic Reserve Readings.ParticipationParticipate in class discussion 4 out of 7 days.2DiscussionQuestionsPost your response to Week One Discussion Questions in theMain forum by Day 2 and Day 5. Responses to each question must be at least 200 to 300 words and apply concepts and teachings from the weekly readings.DQ1 WedDQ2 Sat2Learning Team InstructionsHealth Care Case Study: Sensitivity Analysis (Preparation)Continue the Health Care Case Study: Sensitivity Analysis assignment due in Week Five.IndividualSimulation ReviewResources:Health Care Financial Accounting simulation and University of Phoenix Material: Simulation ReviewRead the instructions in the University of Phoenix Material: Simulation Review located on the student website.Submityour simulation review to your instructor.Monday18IndividualWeek Four Health Care Financial Terms WorksheetResources:University of Phoenix Material: Week Four Health Care Financial Terms WorksheetComplete the University of Phoenix Material: Week Four Health Care Financial Terms Worksheet located on the student website.Sat2Learning TeamPatton-Fuller Ratio ComputationResource: Patton-Fuller Community Hospital Virtual OrganizationReviewthe financial statements located in the Patton Fuller Community Hospital Virtual Organization.1. Click on the Virtual Organization link on the left column of the student website.2. Click on the Healthcare tab and access the Patton-Fuller Community Hospital.3. Click the Chief Financial Officer link under the Corporate Officers tab to access the financial statements.Computethe eight ratios as shown in Chapter 11 for Patton-Fuller Hospital based on its unaudited financial statements and critique its operating results and financial position. Ratio by ratio do you agree or disagree with the CEO s report to the Board? Why or why not?Read the Annual Report and the audited financial statements and re-compute those same ratios using the audited financial statements.Considerthe financial performance before the audit and after the audit. What has changed and how significant is that change? What plans should the hospital Board make for next year and the next five years?Sat2Week Five: Future Technology Applications in FinanceDetailsDuePointsObjectives55.1Explain future trends in health care finance technology.ReadingRead the Week Five Read Me First.ReadingRead Ch. 19 of Health Care Finance.ReadingRead Ch. 20 of Health Care Finance.ReadingRead this week s Electronic Reserve Readings.ParticipationParticipate in class discussion 4 out of 7 days2Discussion QuestionsRespond to weekly discussion questions.Mandatory:How might financial managers budget for unforeseen changes and improvements in information technology that require large capital outlays? (DQ2)DQ1 Wed DQ2 Sat2IndividualWeek Five Health Care Financial Terms WorksheetResources:University of Phoenix Material: Week Five Health Care Financial TermsComplete the University of Phoenix Material: Week Five Health Care Financial Terms located on the student website.Sat2Learning TeamSensitivity AnalysisResources:Patton-Fuller Community Hospital Virtual Organization and University of Phoenix Material: Sensitivity Analysis Grading CriteriaReviewthe ffinancial statements annual report and budget issues documents located in the Patton-Fuller Community Hospital Virtual Organization.Create a 12- to 15-slide MicrosoftPowerPointpresentation that summarizes elements that affect staffing at Patton-Fuller such as raises in wages and changes in the nurse-to-patient ratio. Include speaker notes.Includethe following in your presentation:Provide a comparative analysis of the last two years of data.Explain how the 2010 budget assumptions will positively or negatively affect Patton-Fuller.Explain how you may use a trend analysis to plan for staffing at Patton-Fuller.Summarize the trend analysis and how comparative data facilitates forecasting at Patton-Fuller.Monday15