HCMG/750 HCMG750 HCMG 750 WEEK 6 FINAL ASSESSMENT

HCMG 750 WEEK 6 FINAL ASSESSMENT

Week 6 FINAL ASSESSMENT

PART I

Remember to record your PPT presentation in Bb Collaborate.  (You must have audio and video).  Please see the instructions under the syllabus section and under rubrics.  You are to choose ONE of the topics from the final such as payer mix, income statements, financial ratios, or the TVM and do your own research on information to present to the class.  No answers are allowed from the final assessment in your presentation.

Upload the PPTs to Bb for grading purposes

1.  You should have a recorded version of your presentation in Bb Collaborate and then you need to upload the PPTs to Bb to the appropriate forum slot in order for me to grade it.  I will review each presentation in the Bb Collaborate forum.  You will not receive points if you do not have a presentation to grade. 

Let’s discuss what a PPT presentation is as the name indicates…..POWER POINT.  The slides should have the relevant points and the presenter should talk to those points.  IT IS NOT a presentation where you read everything on the slide.  You should be able to effectively present a PPT in seven slides but no more than 10.  The PPT should be short and sweet and  cover the topic you have chosen to speak on. Remember you are presenting to the class and to me.  PLEASE DO NOT start recording over your classmates presentations.  There are three sessions set up for you to record.

The PPT evaluations that you will use for this class are located in the syllabus section under RUBRICS.

PART II

SHOW ALL WORK

Determine the amount of net operating income that would result for a hospital whose payer mix and expected volume (100 cases) is as follows:

I should see the following:  ( show work)

A total for gross patient revenue

A total for deductions for gross patient revenue

     Net patient revenue

Total expenses

Excess of revenue over expenses       

Ms. J

1. Calculate gross patient revenue, deductions from gross patient revenue, net patient revenue, total expenses, and excess of revenues over expenses.
2. Define revenue
3. Define fee for service, discounted fee for service, charity services, and payment before service is delivered.  ( all written assignments must be in APA format)

Time Value of Money  (TVM)

Calculate the Future Value of $1 in each of these 3 projects

TVM Exercise

Project                            Number of periods                            Interest rate

Pop                                              5                                                  11%

Whistle                                         4                                                    7%

Loop                                             3                                                    8%

Calculate the Present Value of each of the Projects below:

Project                            End of period                             Discount rate                          Single cash Flow

Pop                                              5                                                  11%                                     $10,000

Whistle                                        15                                                   7%                                         7,500

Loop                                            25                                                   8%                                         5,000

Future value and present value concepts are extremely important to the role of financial management and impact cash flow.  The response and discussion activities for this objective may require research on the topic of time value in finance.

Explain the role of time value in finance and evaluate the impact it has in financial management.

Define TVM

Income Statement Preparation:

Prepare an Income Statement, in proper format, for 2015 for Johnson Medical Supplies (JMS) from the following information:

• Salaries                          $70,000
• Insurance                            $700
• Utilities                           $3,500
• Gas/Auto                         $5,750
• Office Supplies               $7,250
• Revenue                      $175,000
• Rent                              $12,000
• Maintenance                  $50,000

Calculate, define, and discuss the operating expenses, operating profit, and profit percentage.

Discuss what an income statement is

Did JMS have a good year? Why/Why not? 

1.  Look at industry average