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Course Materials
Baker, J. J., & Baker, R. W. (2011). Health care finance: Basic tools for nonfinancial managers (3rd ed.). Sudbury, MA: Jones & Bartlett Publishers.
All electronic materials are available on the student website.
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Week One: Overview of Health Care Finance |
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Details |
Due |
Points |
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Objectives |
1.1 Define basic health care finance terms. 1.2 Describe the four segments that comprise a financial management system. 1.3 Identify financial reporting practices and ethical standards of conduct. |
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Reading |
Read the Week One Read Me First. |
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Read Ch. 1 of Health Care Finance. |
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Read Ch. 2 of Health Care Finance. |
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Review the Healthcare Financial Management Association website (www.hfma.org). You may find this website helpful as a general resource for this course. |
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Read this week’s Electronic Reserve Readings. |
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Participation |
Participate in class discussion 4 of 7 days.
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Discussion Questions |
Post your response to Week One |
Discussion Questions |
DQ1 Wed DQ2 |
Sat |
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Nongraded Activities and Preparation Reporting Practices and Ethics Paper (Preparation) |
Begin working on the Reporting Practices and Ethics Paper due in Week Two.
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Learning Team Instructions |
Learning Team –You will be assigned to a Learning Team. |
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Learning Team Instructions Weekly Review |
Review the Week One objectives and discuss additional insights and questions that may have arisen. |
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| Learning Team Instructions
Patton-Fuller Income Statement Worksheet (Preparation) |
Begin working on the Patton-Fuller Income Statement Worksheet due in Week Two. |
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| Learning Team Instructions
Financial Statements Review (Preparation) |
Begin working on the Financial Statements Review due in Week Three. |
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Individual Week One Health Care Financial Terms Worksheet |
Resources: University of Phoenix Material: Week One Health Care Financial Terms Worksheet
Complete the University of Phoenix Material: Week One Health Care Financial Terms Worksheet located on the student website. |
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Week Two: Financial Reporting and Financial Performance |
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2 2.1 Describe the annual report and financial statements of a health care organization. 2.2 Explain the utilization of health care revenue sources. 2.3 Describe how revenues and expenses are grouped for planning and control. |
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Read the Week Two Read Me First. |
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Read Ch. 4 of Health Care Finance. |
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Read Ch. 5 of Health Care Finance. |
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Read Ch. 6 of Health Care Finance. |
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Read Ch. 10 of Health Care Finance. |
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| Participate in class discussion 4 of 7 days. | ||||||
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Discussion Questions |
Post your response to Week One Discussion Questions in the Main forum by Day 2 and Day 5. Responses to each question must be at least 200 to 300 words and apply concepts and teachings from the weekly readings. |
DQ1 Wed
DQ2 Sat |
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| Learning TeamInstructions
Learning Team Charter |
Work on the Learning Team Charter with your group. Complete the Learning Team Charter and submit the assignment to the Assignment Link |
Saturday |
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| Nongraded Activities and Preparation
Simulation Review (Preparation) |
Begin working on the Simulation Review due in Week Four. |
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Continue working on the Financial Statements Review due in Week Three.
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| IndividualReporting Practices and Ethics Paper |
Resources: University of Phoenix Material: Reporting Practices and Ethics Paper Grading Criteria
Find two or three articles that address financial reporting practices and ethical standards in health care finance, including the following topics:
· Generally accepted accounting principles · Corporate compliance, ethics, or fraud and abuse
Write a 700- to 1,050-word paper on the financial management of health care organizations, integrating your research articles.
· Include a summary of the four elements of financial management. · Include a summary of generally accepted accounting principles and general financial ethical standards. · Provide examples from the articles that reflect ethical standards of conduct and financial reporting practices. · Explain the significance of each example.
Format your paper consistent with APA guidelines. |
Monday |
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| Individual
Week Two Health Care Financial Terms Worksheet |
Resources: University of Phoenix Material: Week Two Health Care Financial Terms Worksheet
Complete the University of Phoenix Material: Week Two Health Care Financial Terms Worksheet located on the student website. |
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| Learning TeamPatton-Fuller Income Statement Worksheet |
Resource: University of Phoenix Material: Patton-Fuller Income Statement Worksheet.
Review the income statements for 2008 and 2009located in the Patton-Fuller Community Hospital Virtual Organization.
1. Click on the Virtual Organization link on the left column of the student website. 2. Click on the Healthcare tab and access the Patton-Fuller Community Hospital. 3. Click the Chief Financial Officer link under the Corporate Officers tab to access the financial statements.
Complete the University of Phoenix Material: Patton-Fuller Income Statement Worksheet located on the student website. |
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Week Three: Budgeting and Cost Classification |
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3 3.1 Describe the process for creating an operating budget and a capital budget. 3.2 Analyze costing methods in the health care industry. |
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Read the Week Three Read Me First. |
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Read Ch. 7 of Health Care Finance. |
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Read Ch. 8 of Health Care Finance. |
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Read Ch. 15 of Health Care Finance. |
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Read Ch. 16 of Health Care Finance. |
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| Post your response to Week One Discussion Questions in the Main forum by Day 2 and Day 5. Responses to each question must be at least 200 to 300 words and apply concepts and teachings from the weekly readings. | ||
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Continue working on the Simulation Review due in Week Four. |
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| Learning Team Instructions
Health Care Case Study: Sensitivity Analysis (Preparation) |
Begin the Health Care Case Study: Sensitivity Analysis assignment, due in Week Five. |
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| Individual
Week Three Health Care Financial Terms Worksheet |
Resources: University of Phoenix Material: Week Three Health Care Financial Terms Worksheet
Complete the University of Phoenix Material: Week Three Health Care Financial Terms Worksheet located on the student website. |
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| Learning TeamFinancial Statements Review |
Resources: Patton-Fuller Community Hospital Virtual Organization and University of Phoenix Material: Financial Statements Review Grading Criteria
Review the financial statements,located in the Patton-Fuller Community Hospital Virtual Organization. 1. Click on the Virtual Organization link on the left column of the student website.2. Click on the Healthcare tab and access the Patton-Fuller Community Hospital.3. Click the Chief Financial Officer link under the Corporate Officers tab to access the financial statements. Write a 350- to 700-word summary that addresses the following:
· Annual report, including the Patton-Fuller financial statements
o How did the audited and unaudited financial statements differ?
· Relationship between revenue sources and expenses on Patton-Fuller’s financial performance
o What is the effect of revenue sources on financial reporting at the hospital? o How are the hospital’s revenues and expenses grouped for planning and control? Format your paper consistent with APA guidelines. |
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Week Four: Management Reporting and Analysis |
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4 4.1 Describe the financial concepts related to health care staffing. 4.2 Explain the use of trend analysis. 4.3 Summarize the utilization of forecasting and comparative data. 4.4 Identify key financial ratios. |
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Read the Week Four Read Me First. |
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Read Ch. 9 of Health Care Finance. |
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Read Ch. 11 of Health Care Finance. |
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Read Ch. 13 of Health Care Finance. |
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Read Ch. 14 of Health Care Finance. |
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Participate in class discussion 4 out of 7 days |
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Continue the Health Care Case Study: Sensitivity Analysis assignment, due in Week Five. |
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Individual Simulation Review |
Resources: Health Care Financial Accounting simulation and University of Phoenix Material: Simulation Review
Read the instructions in the University of Phoenix Material: Simulation Review located on the student website. Submit your simulation review to your instructor. |
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Week Four Health Care Financial Terms Worksheet |
Resources: University of Phoenix Material: Week Four Health Care Financial Terms Worksheet
Complete the University of Phoenix Material: Week Four Health Care Financial Terms Worksheet located on the student website. |
| Learning Team
Patton-Fuller Ratio Computation |
Resource: Patton-Fuller Community Hospital Virtual Organization
Review the financial statements, located in the Patton Fuller Community Hospital Virtual Organization. 1. Click on the Virtual Organization link on the left column of the student website.2. Click on the Healthcare tab and access the Patton-Fuller Community Hospital.3. Click the Chief Financial Officer link under the Corporate Officers tab to access the financial statements. Compute the eight ratios—as shown in Chapter 11—for Patton-Fuller Hospital based on its unaudited financial statements and critique its operating results and financial position. Ratio by ratio, do you agree or disagree with the CEO’s report to the Board? Why or why not?
· Read the Annual Report and the audited financial statements, and re-compute those same ratios using the audited financial statements.
· Considerthe financial performance before the audit, and after the audit. What has changed and how significant is that change? What plans should the hospital Board make for next year and the next five years? |
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Week Five: Future Technology Applications in Finance |
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5 5.1 Explain future trends in health care finance technology. |
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Read the Week Five Read Me First. |
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Read Ch. 19 of Health Care Finance. |
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Read Ch. 20 of Health Care Finance. |
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Respond to weekly discussion questions.
· Mandatory: How might financial managers budget for unforeseen changes and improvements in information technology that require large capital outlays? (DQ2) |
DQ1 Wed
DQ2 Sat |
| Individual
Week Five Health Care Financial Terms Worksheet |
Resources: University of Phoenix Material: Week Five Health Care Financial Terms
Complete the University of Phoenix Material: Week Five Health Care Financial Terms located on the student website. |
| Learning TeamSensitivity Analysis |
Resources: Patton-Fuller Community Hospital Virtual Organization and University of Phoenix Material: Sensitivity Analysis Grading Criteria
Review the ffinancial statements, annual report, and budget issues documents, located in the Patton-Fuller Community Hospital Virtual Organization.
Create a 12- to 15-slide Microsoft® PowerPoint® presentation that summarizes elements that affect staffing at Patton-Fuller, such as raises in wages and changes in the nurse-to-patient ratio. Include speaker notes.
Include the following in your presentation:
· Provide a comparative analysis of the last two years of data. · Explain how the 2010 budget assumptions will positively or negatively affect Patton-Fuller. · Explain how you may use a trend analysis to plan for staffing at Patton-Fuller. · Summarize the trend analysis and how comparative data facilitates forecasting at Patton-Fuller. |
