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HCMG 750 WEEK 3 CASE ANALYSIS Week 3 Case Analysis Case Study #1 – Break Even Analysis Scenario: (hypothetical) Paper due – day 7 Break-even exercise Break-Even Analysis or Cost Volume Profit Analysis (CVP) The California Medical Hospital is a full service hospital in Burbank, CA. Kathy Potts, the Chief Surgeon and Regina Johnson, the Hospital Administrator, have been working on a project to bring a new product to their hospi

Other / Other Davenport University / HCMG 750 31 Aug 2017

HCMG 750 WEEK 2 DISCUSSION 2 Week 2 Discussion Questions Discussion 2 What is break-even analysis and why is it an important element in the discussion of operating leverage? In your response include a discussion on the break-even point. Compare fixed and variable costs and explain the significance of the difference in making financial decisions. What does contribution margin (CM) mean?

Other / Other Davenport University / HCMG 750 31 Aug 2017

HCMG 750 WEEK 2 DISCUSSION 1 Week 2 Discussion Questions Discussion 1 Define direct costs. Define Indirect costs Why are direct and indirect costs important to management? Would you describe your current job today as a direct cost or a indirect cost? Why? Categorize the following as direct or indirect: Managed care marketing expense Real estate taxes Liability insurance Clinic telephone expense Utilities (for the entire facili

Other / Other Davenport University / HCMG 750 31 Aug 2017

HCMG 750 WEEK 1 DISCUSSION 2 Week 1 Discussion Questions Discussion 2 What is the common accounting equation that reflects the relationship among liabilities, owner’s equity, and assets? Define each Exercise: Place each one in the proper order so that the equation from above equals: (show your work) Cash 89,000 Accounts Payable 25,000 Buildings 1,000,000 Mortgage

Other / Other Davenport University / HCMG 750 31 Aug 2017

HCMG 750 WEEK 1 DISCUSSION 1 Week 1 Discussion Questions Discussion 1 Examine the different roles that a manager plays in the financial success of a business. Include in your response an explanation of the different forms of business organizations and provide a benefit of each type for maximizing profits. Include in your response an explanation of the different types of financial statements. Define in detail Explain the relationship of ma

Other / Other Davenport University / HCMG 750 31 Aug 2017

HCMG 745 WEEK 7 DISCUSSION Discussion # 4 - Staff Meeting RE: State of the Union address Discussion# 4 (Due Day 5/Last day of class). (300 words or more). It is your first staff meeting and there are things (in your mind) you want to go over with the employees. Think of this meeting with your employees as your State of the Union address (you can discuss anything e.g. issues or concerns, office policies, communication, customer service, produc

Other / Other Davenport University / HCMG 745 30 Aug 2017

HCMG 745 WEEK 6 RESEARCH PAPER Week 6 - Research Paper Assignment Details: The Physician Practice Business Plan is a continuous document to focus on a practice business strategy, developed and written by each student in Sessions 2, 4 and 6. A portion of the Physician Business Plan is written during these weeks. The HEADINGS for each assignment originate from the assigned reading from the textbook. Minimum 6 pages in length in Sessions 2, 4 an

Other / Other Davenport University / HCMG 745 30 Aug 2017

HCMG 745 WEEK 6 REFLECTION Week 6 – Reflection Use each question as a HEADING in your assignment. Discuss each question separately. What sparked growth or increased your knowledge the most about the assignment? How will you use this new knowledge in the workplace? What was most challenging or difficult? How did the research help you gain a better understanding? After writing this paper this week, what activity will you enjoy

Other / Other Davenport University / HCMG 745 30 Aug 2017

HCMG 745 WEEK 5 REFLECTION Week 5 - Reflection Post your Weekly Discussion Question Here. Click open the forum, click on Create a New Thread, title your thread [WEEK #] with your NAME and post your discussion response. Remember the DQ# 1 is due by Day 2. DQ word count: 500 words or more Reply a total of 2 peer-responses (classmates)by Day 6. You can find the actual questions under the Weekly Materials link. Additionally, At least 3CU

Other / Other Davenport University / HCMG 745 30 Aug 2017

HCMG 745 WEEK 5 DISCUSSION Week 5 Discussion - Question 1 Use each question as a HEADING in your assignment. Discuss each question separately. Discuss your office written patient financial payment policy. What will your written policy address? Patients’ with an overdue balance; when and how will it be addressed? How will the office control and handle this situation? Will you employ an in-house billing office or hire an outs

Other / Other Davenport University / HCMG 745 30 Aug 2017