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Accounting Finance for Healthcare managers

by | Nov 30, 2023 | questions

Assignment states to review SMH, Excel sheet .Using data measure revenue and expense cycle variables and determine the impact on net income. Use Excel to conduct and revenue analysis. Then write a 4 page paper in Word format. Writer/Expert needs to address all bulleted items in the assignment.

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HM6020 Accounting and Finance for Healthcare Managers SMH and State Funding There have been external developments that impact our facility. SMH is facing an economic crisis. Among other issues, the hospital is experiencing a loss of $10 million in Medicaid funding from the state, an increase in uninsured patients, and increased costs. At the same time the hospital’s alternate sources of cash and capital are drying up. The economic crisis has forced SMH to reassess its current operations. To be able to manage the potential losses in revenue, the hospital has to look at various aspects of operations. What product lines generate a gross profit margin? Which payers are inherently risky? Where does the hospital have negotiating power with managed care providers? This Module Funding cuts to hospitals is not just a regional or local problem. In nearly every state, the tax structure suffers the effects of loss of jobs and decreased property values. As a result of these economic problems, there is less money available for social programs. Medicaid funding, which is at the state level, is directly impacted. Consequently, states are faced with the dual problem of less funding and an ever-increasing number of uninsured. The impact on hospitals can be devastating. In this module, you will do financial analysis of the type SMH has undertaken. You will calculate gross profit by payer and by major service line both inpatient and outpatient. You will then draw conclusions about sources of revenue and expenses. You will grasp the difference between direct and indirect expenses. Finally, you will use this information to develop a strategy for negotiating a managed care contract. Page 1 of 1 Module 3: SMH and State Funding © 2009 Argosy University

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