View the step-by-step solution to: 1. The foundation of your project is to apply three different allocation methods...

This question was answered on Oct 04, 2013. View the Answer
1. The foundation of your project is to apply three different allocation methods (direct, step-down, double apportionment) to the situation at a large group practice. The purpose is to give you some feel for how much variation in final allocation amounts is due to methodological differences.
Unit 9 Project 2 Instructions.doc

HS440FinanceforHealthcare
Unit9

PROJECT

Projects are designed for you to show your understanding of the course
materials and your ability to communicate at the college level. Compose your
essay using Standard American English as described in the APA guidelines
available at Kaplan University Writing Center. You need to follow formal APA
formatting for the project to include title page and reference page. Make sure
you cite your reference in the text and on the reference page using proper APA
format.


You will find a Project Rubric used to grade the project in the syllabus.
The project is due in the drop box by end of day (EOD) on Tuesday during Unit
9. Grades for the project will be available in the Gradebook by EOD on Sunday
following the close of the unit. All times are in Eastern Standard Time.


This project is worth a maximum of 75 points.

Instructions:
1. Thefoundationofyourprojectistoapplythreedifferentallocationmethods
(direct,stepdown,doubleapportionment)tothesituationatalargegroup
practice.Thepurposeistogiveyousomefeelforhowmuchvariationinfinal
allocationamountsisduetomethodologicaldifferences.
2. ScenarioYouareCFOoftheMapleStreetHospital.Youhavebeenasked
tosendareporttotheBoardofDirectorsregardingthebestmethodto
allocatenondirectcoststotheMedicalServices,ObstetricsandEmergency
departments.Mostofthepeopleontheboardarenotfinancialpeople.The
reportneedstomakesuretheyunderstandalltheconceptsofallocation.
3. Yourreportistobeintheformofapaper.Youshouldbeconciseandtothe
point.Yourpapershouldhaveaminimumof5pagesincludingtitleand
referencepage.Themaximumis8pages.YouwillbegradedonAPA
format,content,andgrammar.Youcanincludetable,graphsand
spreadsheetwithinthereportorasaddendums.Youwillbelookingatpre
taxprofitforeachdepartmentandforthewhole.IntheDocSharingareayou
willfindthefollowingreferenceforwritingareportofthisnature:
a. MclaughlinAPAResearchEssay.pdf
1

HS440FinanceforHealthcare
b. Writingagoodreport
c. Writingconclusions
d. WritingProjectReports2004a.pdf
4. Yourpapershouldinclude:
a. Explainwhyallocationmethodsareused.
b. Brieflydescribethedifferencesinthethreeallocationmethods
discussedinthecase.(Hint:Dontdiscussthemathematicsofthe
schemes,butratherhowtheydifferconceptually.)
c. Whichallocationmethodisbest?
d. Whataretheallocationstoeachpatientservicesdepartment,and
resultingprofitability,foreachallocationmethod?
e. Whatdoestheanalysisindicateaboutprofitabilityofeachpatient
servicesdepartmentwithorwithoutallocation?
f. Whatisyourrecommendationregardingtheappropriatecostallocation
methodforthepractice?
5. Muchofthebusyworkhasbeeneliminatedwiththeuseofapremade
spreadsheet,enablingyoutospendmoretimeoninterpretationand
evaluation.Thespreadsheetinformationisonthenextpage.

2

HS440FinanceforHealthcare

3

View the entire interaction

Please find the attached answer, attached herewith. Please don't forget to accept ans rate my answer. Tip will be much appreciat... View the full answer

Project hospital policy .docx

Hospital policies and practices are given perception that they did not clearly define perception
orders. Neonatal nurses assumed that she got authority by giving authority she get protocol and...

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors and customizable flashcards—available anywhere, anytime.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access or to earn money with our Marketplace.

    Browse Documents
  • 890,990,898

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
  • 890,990,898

    Flashcards

    Browse existing sets or create your own using our digital flashcard system. A simple yet effective studying tool to help you earn the grade that you want!

    Browse Flashcards