PHRX4050%200919%20hour%201%20money%20mgt

PHRX4050%200919%20hour%201%20money%20mgt - Managing Money...

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Managing Money and Financial Tools PHRX 4050 Hour 1, Monday Sept. 19 Peter Tyczkowski, R.Ph., MBA peter.tyczkowski@uconn.edu 860-486-3151 1
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Quick overview Revenues and costs have large impact on organizations Income statement Assets and Liabilities Balance sheet Working capital needed to sustain an organization Profitability Timing 2
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Follow the flow of money in a prescription transaction 3
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Typical Cash and Carry transaction 4
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Class of Trade Illustration 5
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Medicaid Cash Flows 6
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Insurance/PBM Flows 7
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Types of financing Debt “Owners” Banks Federal State Equity Owners Stockholders Venture Capital 9
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How do businesses “keep score”? Common Tools Budgets Income Statement Balance Sheet Cash flow statements 10
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Setting Financial Objectives Via budgeting Merriam Webster – “Budget” a statement of the financial position of an administration for a definite period of time based on estimates of expenditures during the period and proposals for financing them b : a plan for the coordination of resources and expenditures c : the amount of money that is available for, required for, or assigned to a particular purpose 11
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Depending upon the organization, One person may manage one particular budget or all of them for the business unit Impact “bottom line” Changes in one may require changes in the other Consider: 12
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This note was uploaded on 10/08/2011 for the course PHAR 4030 taught by Professor Dr.miller during the Spring '11 term at UConn.

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PHRX4050%200919%20hour%201%20money%20mgt - Managing Money...

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