Case Study Assignment Part I Budget Analysis I | GHIAL 2012 As a health care administrator/manager it will be imperative for you to work with the organizational budget but also have an exemplary understanding and purpose of the budget for your health care organization. Medicare payments for health care organizations have a complex set of rules. Medicare has paid skilled nursing facilities on a prospective basis since July 1, 1998. The rate is a per diem rate that is calculated to include the costs of all services, including routine, ancillary, and capital. Per diem payments for each admission are case mix adjusted using a resident classification system known as resource utilization groups. For Part A inpatient institutional …show more content…
Cash Flow (PPD) 13. What is your final analysis of this facility? 14. Do you feel this is a workable realistic budget? 15. What are your thoughts of the importance of understanding the per patient day (PPD) figures as a health care administrator/manager? PERIOD ENDING GHI Facility 12/31/2012 BUDGET ANALYSIS I | PPD CALCULATIONS DAYS IN PERIOD 365 Occupancy & Utilization Below you are to calculate the per patient day (PPD) rates for all areas that are highlighted in blue. Census 97% Column T Rows: 62 - 558 5901 Room & Board AL Unit 1 (A) 4 4.00 5902 Room & Board AL Unit 2 (B) 8 8.40 In conclusion, you will gather all the summary totals 5903 Room & Board AL Unit 3 (C) 3 3.00 for the Summary: Per Diem which will give you a 5904 Room & Board AL Unit 4 (D) 2 1.95 complete review of the entire budget based on PPD 5905 Room & Board AL Unit 5 (E) 5 5.00 Column T Rows: 562 - 586 5906 Room & Board AL Unit 6(F) 4 4.00 5907 Room & Board AL Unit 7 (G) 4 4.00 5908 Room & Board AL Unit 8 (H) 4 4.00 5909 Room & Board AL Unit 9 (I) 15 14.65 5910 Room & Board AL Unit 10 (J) 0 0.00 5920 Room & Board AL extra person 0 0.00 5921 Room & Board AL Benev. / Foundat 0 0.00 5924 Add'l Rate Respite 0 0.00 Total 49 49.00 Days 365 5901 Room & Board AL Unit 1
As the newly promoted director of student achievement for Washington, D.C Public Schools, I am fully committed to the expansion of current program offerings as well as the creation of additional programs. To achieve this, I will make use of the principles learned in my graduate budgeting course to assess the current financial situation, plan the department’s future direction, create and implement the new annual budget, and lastly, evaluate the success of the programs and the budget in preparation of repeating these steps.
The management team in the healthcare environment has a very important role within their facility. There are ten managerial roles that fall within three categories. The three categories are: interpersonal roles, informational roles, and decisional roles. “A manager’s interpersonal roles involve interactions with people inside and outside the work unit. The information roles involve the giving, receiving, and analyzing of information. The decisional roles involve using information to make decisions, to solve problems, to address opportunities” (Lombardi & Schermerhorn, 2007. P. 13). Interpersonal roles involve interactions with people inside and outside the unit. Informational roles of a health care manager involve giving, receiving, and analyzing information. Finally, the decisional roles of a health care manger involve using information for decision making, problem solving, and addressing opportunities (Lombardi & Schermerhorn, 2007. P. 13). Of all these different roles, I believe the most important role is the interpersonal role. The
The company should consider ethical aspects of the changes in original budget and actual sales/amount. The main reason behind it is the variances in materials, labor, and overhead. In addition to this, the firm should evaluate the actual variance in the materials, labor, and overhead and after that change in budgets in order to maintain business ethics and to reduce improper changes in budget that is unethical aspect of the business (Delaney & Whittington, 2012).
Customers come to this restaurant because of the good Italian food at a low price – you can get a meal for $7, including drinks. Customers also eat at Papa Geo’s due to the cleanliness of the facility, the speed of getting their seat and food, and the vending machines which keep the children busy while adults enjoy their meal.
Since Florida MIS is relatively small business focusing in part of the Tampa area the budget can still be considered low. Until the time that Florida MIS expands the budget can be kept at a minimum. To determine the budget for structuring the social media platform there needs to be budgeting in salaries, system tools, and networking.
Due to the state budget impasse, the LIU 12 budget has been frozen and staff cannot request to go to a conference. This evidence-based project will be a free opportunity for occupational therapists to obtain professional development units. Since it will be done through the use of technology, therapists can participate at time and location that is convenient for their
I believe I have narrowed down my reasoning in the case study I will present to executive staff. During my meetings with executive staff, it is easy enough to justify the creation of this section. I will definitely have a need to update my reasons, since our County Board continuously makes changes regarding this item by the minute. However, I will move forward with the NSU business case study with the current plan. If anything changes regarding rules, policies etc I will state a disclaimer before presenting so that I do not give out false information.
The payment rate for inpatient stay is determined by a system called inpatient prospective payment system (IPPS). This system was created by Center for Medicare & Medicaid Services (CMS) to pair up the extent of the patient’s health position in line with the payment received for those inpatient services. This system organizes the severity of the patient’s visit in the hospital along with a method called “medical severity-diagnosis related group” and is used for the basis for that payment. The basis for the rate of payment is determined by the resources used during the patient’s hospital visit and is assigned one diagnosis-related group. To come up with this payment rate a set dollar amount is used with this calculation. This plan is performed
The purpose of this report is to summarize the findings of Huskie Consulting’s analysis into payments made to personnel working for the City of Chicago. This report analyzes (1) salaries, (2) overtime pay, (3) reimbursement expenses, and (4) employee indebtedness to the city. Specifically, this report seeks to identify notable trends and any areas of spending that should be examined further to reduce personnel costs in the City of Chicago.
I am choosing the City of Downey, California and the City of West Covina, California as my two cities for my Budget Analysis Assignment paper. I am going to utilize their budgets from Fiscal Year 2013-2014. As I was viewing their budgets from Fiscal Year 2013-2014, I found out that both cities have their first two pages of the report named, "Adopted Budget."
Health care administration is a very important and crucial role in today’s healthcare system. With an ever-changing national health care system, the role of a Health care Administrator or Healthcare Executive more than ever is needed. Healthcare facilities, organizations, and or offices rely on health care administrators to plan, direct and coordinate all medical health services (United States Department of Labor , 2014). Some areas where one might find administrators are managing entire medical facilities, specialized clinical departments, or a medical practice for a group of physicians (United States Department of Labor , 2014). The need for high-quality health care administers is more now than ever with the fast-changing health care laws.
Healthcare management is a great, complex, and dynamic field. Like any business, healthcare requires exceptional administration to keeps its operations effective and smooth. Notably, the healthcare field is constantly growing, calling for the expertise of skilled administrators with the capacity to manage hospitals. Since my childhood, I have enjoyed solving problems, helping people, caring about the community and individuals, and having an excellent compensation and growth opportunities.
When it comes to the health care industry, there are many changes that are coming that will create stress for those practicing in the health care field. I will focus three of these. The first is the shift to value based purchasing in health care facilities and the affects. The second is financial capability for CEOs running medical facilities. And lastly, I will cover technological advancements and how this will affect healthcare. After this, I will give my thoughts on how this affects my thinking on the value of health care services.
The purpose of the budget variance report is to analyze the results for the budget prepared for Peyton approved. I will also be describing what the operating budget and variance analysis are and the difference between using each one.
Budgetary control is part of overall organisation control and is concerned primarily with the control of performance. The use of budgetary control in performance management has of late taken on greater importance especially as a more integrative control mechanism for the organisation. Discuss.