Payroll Accounting Department Case Study
1. What do your totals tell you? How will the referral loss affect your department and the organization? By looking at my raw data, my total tells me that the total of outpatient volume for all the outpatient volume referral types is in a total of 217,200 which means that is a big amount of loss for a referral. Although is not compared to the total gross outpatient revenue. The total of OP revenues is a bigger amount of the financial data. Also, the referral, lost will affect my department by the annual outpatient volume total and the annual gross OP revenue. So, looking at the data some referral type have a higher amount of percentages than the other, this is due to how many referrals the physicians had ordered patterns for the past year.
Downtown Family Physicians Case Summary
460 Words | 2 PagesBackground Compensation Models: 1) Revenue model: the physician is paid based on actual revenue generation; 2) Net income model: in comparison to revenue model, this model also considers costs. Thus, the physician is paid based on revenue generation and the costs incurred by physician; 3) Base salary plus productivity model: under the model, the physician receives base salary and additional compensation based on chosen productivity measure (revenue or net income). 4) Multiple factor performance model: the physician is paid based on financial and non-financial measures. Under revenue and net income model, performance compensation of physician D is the highest, as D’s contributions to total revenue is the highest.
Pros And Cons Of The Overall Hospital Star Rating
1236 Words | 5 PagesGiving hospitals a monetary incentive to identify the quality of their services, this reporting tool gives CMS data to assist the consumer population to a make more informed decisions regarding health care needs. The Hospital IQR program is one of the measure tools to determine the Overall Hospital Quality Star Rating for the
Essay Comparing The Transformational Model And Accountable Care Organizations
866 Words | 4 PagesOverall ACO’s progress is determined by patient outcomes and improving services for financial incentives. With these financial incentives is one of the challenge that face ACO’s. With
Jenny Wirkman Case Study Paper
520 Words | 3 PagesThe lower number of patients is the ideal, because the physician builds a rapport with the clients. If the practice
Nursing Budget Analysis Paper
1039 Words | 5 PagesNursing Department Valance Analysis The company budget spending for the nursing department expenses for the year 2014 was expected to be $2,149,141 and the actual nursing spending expenses for year the 2014 were $1,541,322.According to above figure the organization spent less than the budgeted spending on the nursing department. Nursing department Valance Analysis A variance is found by subtracting actual Expenditures from budgeted expenditures (Actual Expenditures – Budgeted Expenditures) $1,541,322- $2,149,141 = -607,819 A Variances in percentage is equal to variance/budget expenditures x100 (-607819/2149141) *100% =
Payroll Reconciliation Case Study
56 Words | 1 PagesAs many of you know Martina is on leave and Frank continues to address many of his task and the day to day needs of the finance department. In an effort to assist Frank and to prevent delays in this periods early payroll reconciliation process, please direct your request for leave history reports to me; Thanks
Harbor City Community Center Case Study
549 Words | 3 PagesThe departments only count for 3,500 visits (2,100 + 1,400) or 10.6% of the total visits. In combination they have a total cost of over $150 off from the average revenue of $42. The only reason the deficit is not as bad as it could be due to family planning costing less than $20 per visit and they have a total average charge of $42. They also have the largest number of visits at 10,000. Referrals and Placement is the second largest stream of revenue for the company with a charge of under $30 and the visitors being at 6,400 visits.
Health Care Value Based Purchasing
666 Words | 3 PagesThis includes care that is provided in inpatient hospital settings. Value-based purchasing attaches to the payment system that is the largest share of Medicare spending. This effects payment for over 3,500 inpatient hospital stays across the country. Congress in Section 3001(a) of the ACA authorized this legislation, Inpatient Hospital VBP. Section 501(a) of the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 authorized the use of hospital quality data reporting infrastructure developed for the Hospital Inpatient Quality Reporting Program (Hospital Value-Based Purchasing,
Hospital Readmission Rule Essay
795 Words | 4 PagesWhen the Medicare payments to a hospital are reduced, this can lead to a decrease in revenue because Medicare is a large source of funding for many hospitals. Another way hospitals may be financially impacted by the Hospital Readmissions Reduction Program would be that they may need to spend more money on staff, training, and equipment to ensure they are giving the best quality of care possible to avoid readmissions. Because of the potential reduction of Medicare funds, managers in hospitals are affected because they now will have more responsibilities associated with budgeting and quality assurance. As a manager at a hospital that is being penalized by the Medicare 30-day readmission rule, the manager will have to figure out solutions for improving quality. Some things a manager may do in this situation may be getting additional training for their employees as well as monitoring their performance to make sure they are giving the patients the best quality of care
Centralized Payroll System
1280 Words | 6 PagesResearch Questions 1. What is the effect of a centralized payroll service to the operations of a holding company? 2. What effect does a decentralized payroll service have to the operations of a holding company? 3.
Employee Referral Programs Essay
974 Words | 4 PagesBy showing them the data, you can provide a concrete proof of what impact it makes to execute an employee referral program. Mistake 2: Low Employee Engagement An employee referral program is a big fail if it is not able to drive employee engagement and participation. A majority of companies fail to recognize the importance of employee participating and its role in strengthening the program. Employees who refer individuals for hiring are just rewarded bonuses and that usually comes after the candidate has been hired and has already spent quite an amount of time, for example three months, within the company. Instead of bonuses that take so long, companies can try to drive engagement by providing small incentives that acts as a source of instant acknowledge.
Staffing Case Summary
1011 Words | 5 PagesAfter reading the case study scenario I was appalled by the conditions in which the residence of mentioned facility had to live in; it was a matter of time before authorities made things right for the residents of said residence. Couple of questions popped in my head before I said to myself “this guy got what he deserves”, which is a right thing to do – to look at both sides of the story. My first question was about adequate and appropriate staffing at this facility: did they have enough staff and were they qualified for this type of work? Understaffing would not justify the situation but would rather bring on another question of why not cut back on patients if staffing is inadequate? Another question that arises is that of the authority
The Importance Of Rehabilitation
950 Words | 4 PagesA large proportion of health expenditure is reflected in the cost of hospitals, accounting for 30% of the increase in total health expenditure of the inpatient hospital sector, followed by the pharmaceutical area in second place. Factors influencing hospital costs include
Administrative Assistant Case Study
102 Words | 1 PagesADMINISTRATIVE ASSISTANT PROFILES FOR WEBSITE Kimberly C. Powers TITLE: Administrative Assistant CONSORTIUM MEMBER SINCE: 2014 EMPLOYER COMPANY NAME: Integrated Financial Group ADDRESS: 200 Ashford Center North Suite 400 Atlanta, GA 30338 EMAIL: kpowers@intfingroup.com PHONE: 770-353-6325 or 407-455-2296 FAX: 770-353-6338 CLIENT VISION: Kim has worked in the Financial Industry since 1995.
Strengths And Weaknesses In Accounting
700 Words | 3 Pages1. Write down your own strengths and weaknesses. What sort of organization will permit you to really leverage your strengths and keep you highly engaged in your work (person-organization fit)? Do some of your weaknesses need to be mitigated through additional training or mentoring from a more seasoned professional?
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