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

1. The foundation of your project is to...
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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

HS440 Finance for Healthcare
Unit 9

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. The foundation of your project is to apply three different allocation methods
(direct, step­down, 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.
2. Scenario You are CFO of the Maple Street Hospital. You have been asked
to send a report to the Board of Directors regarding the best method to
allocate non­direct costs to the Medical Services, Obstetrics and Emergency
departments. Most of the people on the board are not financial people. The
report needs to make sure they understand all the concepts of allocation.
3. Your report is to be in the form of a paper. You should be concise and to the
point. Your paper should have a minimum of 5 pages including title and
reference page. The maximum is 8 pages. You will be graded on APA
format, content, and grammar. You can include table, graphs and
spreadsheet within the report or as addendums. You will be looking at pre­
tax profit for each department and for the whole. In the Doc Sharing area you
will find the following reference for writing a report of this nature:
a. MclaughlinAPAResearchEssay.pdf
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HS440 Finance for Healthcare
b. Writing a good report
c. Writing conclusions
d. Writing Project Reports 2004a.pdf
4. Your paper should include:
a. Explain why allocation methods are used.
b. Briefly describe the differences in the three allocation methods
discussed in the case. (Hint: Dont discuss the mathematics of the
schemes, but rather how they differ conceptually.)
c. Which allocation method is best?
d. What are the allocations to each patient services department, and
resulting profitability, for each allocation method?
e. What does the analysis indicate about profitability of each patient
services department with or without allocation?
f. What is your recommendation regarding the appropriate cost allocation
method for the practice?
5. Much of the busywork has been eliminated with the use of a premade
spreadsheet, enabling you to spend more time on interpretation and
evaluation. The spreadsheet information is on the next page.

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HS440 Finance for Healthcare

3

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Please find the attached answer, attached herewith. Please don't forg... 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...

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