Due Tuesday financial marketing help

1. Explain how it is possible that there could be a conflict between the organization’s administration and its medical staff.

2. Using the balance sheet and statement of operations in Chapter 2, calculate the three bond repayment ratios, and use it to determine the financial condition of the health care organization

3. What are the implications of the Medicare Modernization Act of 2003?

4. To which department should the patient registration department report and why?

5. Why is consideration of the time value of money (TVM) so important in the process of making management decisions for healthcare organizations? Select a healthcare decision that you have actually faced, or may face in the future, and explain how TVM impacted (or would impact) that decision. Examples might include capital purchase decisions, new technology implementations, service expansions, hiring decisions, etc. If you are not yet working in a healthcare setting, feel free to use another type of decision which has special interest and importance to you.

6. What is discounting as it relates to time value of money? What is the formula for discounting? Provide some specific healthcare-related examples in which you would utilize this formula.

7. Flow charting is a very important and very valuable aspect of management in healthcare. But a confusing flow chart is no help at all to the staff, and may even lead to errors and re-work. How will you make sure that your flow charts are clear and understandable? Provide some specific examples.

8. Select a particular process that interests you. This could be a medical process if you are already working in a healthcare capacity, or any work-related process of interest. Using the symbols shown on page 56 of your textbook, create the general systems flow chart for the process. Provide a brief essay explaining your flow chart and submit with the flow chart for the professor’s review.

9. It is very important for healthcare managers to understand the difference between analytic and nonanalytic forecasting. What is this fundamental difference? Provide an example for the use of each type of forecasting in healthcare.

10. In forecasting, what is the mean absolute deviation (MAD), and how does this deviation come into play for helping us achieve better forecasts for our organizations?

11. Using the Northern College Health Services data presented on page 113 of your textbook, present a forecast of clinic visits for week XX using Extrapolation by Average Change and also using Extrapolation by Average Percent Change. Which of these approaches will provide the best forecast in your view, and why?