HCS 405 Week 2 Complete Discussion 1. What are the largest expense categories incurred by healthcare

HCS 405 Week 2 Complete Discussion 1. What are the largest expense categories incurred by healthcare service organizations? Discussion 2. What are the key components of a successful business office operation in a health care setting? What are some examples? Individual Assignment – Reporting 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. Individual Assignment – 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 Learning Team Assignment – Patton-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 Organizationlink 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 Officerlink under the Corporate Officerstab to access the financial statements. Complete the University of Phoenix Material: Patton-Fuller Income Statement Worksheet located on the student website.Use the audited income statement for this exercise. As an example, here are what the first 3 lines should look like: Line Item Dollar Value Change Percentage Change Net Patient Revenue $41,391 9.89% Other Revenue $277 9.88% Total Revenues $41,668 9.89%

 

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