Fin – application assignment | Business & Finance homework help


For this week’s Application Assignment, open the Variance Analysis Case Study and read the description and questions provided on the first spreadsheet. Then, use the data provided in the “Revenues” and “Expenses” spreadsheets to perform a variance analysis. having a problem downloading the file…but here is the basic work…this is a health care finance class in week 5, using the book Healthcare finance by Louis C. Gapenski, Chapter 8. The subsequent two spreadsheets provide workload (expressed as relative weighted products (RWPs) for inpatient care:, revenue, and expense data for Schumpert Medical center covering their fiscal years 2010 and 2011. The data includes FY10 actual worlklod, revenues, and expenses: FY11 forecasted workload , revenues, and expenses: and FY11 year to date workload, revenues, and expenses. The inpatient product lines worksheet provides further details on the types of services provided within each major service line. Using the available data, perform a variance analysis on Schumpert Medical Center and answer the following Questions.1. What was the hopitals orginal profit forecast (assume away any issues with depreciation, taxes, etc.)? halfway through the fiscal year, what is the hospitals revised projection for FY11 profits?
Answer: 
2. Which inpatient service lines are overbudget? which product lines are overbudget after accounting for workload increases?
Answer
3 What actions would you take at the mid year point if you were a free for service hospital? in other words, where are the problem areas on which you would focus your attention, and who might provide ideas for “best practices” based on their performance?
Answer
4 What actions would you take at the mid year point if you were a capitated hospital? In this case, the revenue spreadsheet would be replaced with an overall budget of $50 million with which to operate (rather than being able to bill for each episode of patient care). Federal, State, county and city hospitals normally operate under a capped budget. Additionally, many HMOs also operate under a fixed per member, pe month (PMPM) capitated process.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more