Healthcare Finance_U1IP

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Part I: Assets and Liabilities

Review the items below. Place an "X" in the box that identifies whether the item is an asset or a liability

Item

Asset

Liability

Cash

 

 

Inventory

 

 

Bonds payable

 

 

Land

 

 

Buildings

 

 

Payroll taxes due

 

 

Accounts payable

 

 

Equipment

 

 

Notes receivable

 

 

Additionally, explain what assets and liabilities are (both long-term and short-term) and their impact on the finance of a health care organization. 

Part II: Revenue Statements

Managers will often have to provide presentations to those internal and external to their organization. It is important for managers to understand how to convert dollars to percentages because this provides another method for the audience to see how much of the pie is entering and exiting the organization. 

Convert the dollar amounts for the revenue statement below to percentages. Upon completion of converting the dollar amounts to percentages, develop a pie chart for the revenue source and percentage.

 ABC Outpatient Clinic 
Statement of Revenue for January 20X0

Revenue Source

Dollar Amount ($)

Percentage (%)

Patient out-of-pocket payments

$364,029

     

Medicaid

$750,000

     

Medicare

$935,680

     

True Blue Insurance Co.  

$125,000

     

Insurance of Florida

$95,000

     

Total

$2,269,709

     

Please submit your assignment.

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