23 May EXPLAIN IN DETAIL SOME OF THE BIGGEST ENVIRONMENTAL CHALLENGES OF THE FUTURE FOR HEALTHCARE FINANCIAL MANAGERS.
Aggressive working capital policy, may increase the entity’s return, but it also increases the risk. – -Net Income Problem: A firm has the following accounts:
Net patient revenue = $1,500,000 Supply expense = $200,000 Depreciation expense = $100,000 Salaries and benefits = $700,000 Other expenses = $200,000 Net accounts receivable = $150,000
What is the net income for the period? (Hint pay attention to the amount for Net accounts receivable).
– -Math Problem: Targeted debt to equity ratio problem: A hospital issues $20 million in bonds and $60 million in equity to finance a new project. Its targeted debt to equity ratio is?
– – Know that accounts receivable and inventory are both considered current assets.
– -Know that the breakeven point occurs where revenue minus variable cost minus fixed cost = 0. – – Know that an income statement is a statement that reports the revenues minus expenses of an entity. – – Math Problem: An imaging center has the following information:
Revenue per test: $225 Variable cost per test: $150 Total fixed costs: $225,000 Estimated number of tests = 3,500
Calculate the a) Contribution Margin; b) Total dollar contribution margin; and, c) Contribution Margin percentage. (Show your work to support your response)
– -Math Problem: Your hospital has the following revenue for the months of July-September: July $3,000,000 August $2,500,000 September $4,000,000. If 30% of the month’s revenue is collected in the same month, 40% is collected in the second month and 30% is collected in the third month, how much of July’s revenue is collected in August? (Show your work to support your response) – – Explanation: Accounts receivables can constitute more than 50% of a healthcare organization’s current assets. Managing accounts receivables is critical to the cash flow of the organization. If you were a billing manager what should you consider when implementing credit and collection policies? (Minimum word count 200 words. APA references are required to support your response)
– -Provide an example (examples, Picture, excel document, link to financial report, etc) of a financial report (and then explain in detail the steps in the financial analysis process. (Minimum word count 200 words. APA references are required to support your response)
– – A competitive hospital maintains current equipment and purchases new in order to stay current with the latest technology. If you were evaluating the capital budget performance of a hospital what factors would you consider justifying taking on more debt to purchase new equipment for a surgical unit? (Minimum word count 200 words. APA references are required to support your response)
– Explain in detail some of the biggest environmental challenges of the future for healthcare financial managers. (Minimum word count 200 words. APA references are required to support your response)
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