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Healthcare Finance_U1IP

Healthcare Finance_U1IP

Part I: Assets and Liabilities

Review the items below. Place an “X” in the box that identifies whether the item is an asset or a liability.

Item

Asset

Liability

Cash

Inventory

Bonds payable

Land

Buildings

Payroll taxes due

Accounts payable

Equipment

Notes receivable

Additionally, explain what assets and liabilities are (both long-term and short-term) and their impact on the finance of a health care organization.

Part II: Revenue Statements

Managers will often have to provide presentations to those internal and external to their organization. It is important for managers to understand how to convert dollars to percentages because this provides another method for the audience to see how much of the pie is entering and exiting the organization.

Convert the dollar amounts for the revenue statement below to percentages. Upon completion of converting the dollar amounts to percentages, develop a pie chart for the revenue source and percentage.

ABC Outpatient Clinic
Statement of Revenue for January 20X0

Revenue Source

Dollar Amount ($)

Percentage (%)

Patient out-of-pocket payments

$364,029

Medicaid

$750,000

Medicare

$935,680

True Blue Insurance Co.

$125,000

Insurance of Florida

$95,000

Total

$2,269,709

Please submit your assignment.

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