20 Jun Question For this week’s Application
Question
For this week’s Application Assignment, open the Variance Analysis Case Study and read the description and questions provided on the first spreadsheet. Then, use the data provided in the “Revenues” and “Expenses” spreadsheets to perform a variance analysis. having a problem downloading the file…but here is the basic work…this is a health care finance class in week 5, using the book Healthcare finance by Louis C. Gapenski, Chapter 8. The subsequent two spreadsheets provide workload (expressed as relative weighted products (RWPs) for inpatient care:, revenue, and expense data for Schumpert Medical center covering their fiscal years 2010 and 2011. The data includes FY10 actual worlklod, revenues, and expenses: FY11 forecasted workload , revenues, and expenses: and FY11 year to date workload, revenues, and expenses. The inpatient product lines worksheet provides further details on the types of services provided within each major service line. Using the available data, perform a variance analysis on Schumpert Medical Center and answer the following Questions.1. What was the hopitals orginal profit forecast (assume away any issues with depreciation, taxes, etc.)? halfway through the fiscal year, what is the hospitals revised projection for FY11 profits?
Answer:
2. Which inpatient service lines are overbudget? which product lines are overbudget after accounting for workload increases?
Answer
3 What actions would you take at the mid year point if you were a free for service hospital? in other words, where are the problem areas on which you would focus your attention, and who might provide ideas for “best practices” based on their performance?
Answer
4 What actions would you take at the mid year point if you were a capitated hospital? In this case, the revenue spreadsheet would be replaced with an overall budget of $50 million with which to operate (rather than being able to bill for each episode of patient care). Federal, State, county and city hospitals normally operate under a capped budget. Additionally, many HMOs also operate under a fixed per member, pe month (PMPM) capitated process.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.