6/8/2021 Rubric Assessment - MHC6305-Financial Management of Healthcare Organizations SU01 - South University 1/2 Close Print Rubric MHC6305 Week 2 Project Rubric Course: MHC6305-Financial Management of Healthcare Organizations SU01 / 15 Criteria No Submission 0 points Emerging (F through D range) (1–10) 10 points Satisfactory (C range) (11) 11 points Proficient (B range) (12–13) 13 points Exemplary (A range) (14–15) 15 points Criterion Score Includes all assignment components and meets graduate level critical thinking. A purpose statement is identified for the response. Student did not submit assignment Work minimally meets assignment expectations. No purpose statement is provided. Assignment meets some expectations with minimal depth and breath.

Purpose statement is vague. Assignment meets most of expectations with all components being addressed in good depth and breadth. Purpose statement is present and appropriate for the assignment. Assignment meets all expectations with exceptional depth and breath. A comprehensive purpose statement delineates all requirements of the assignment. / 15 Criteria No Submission 0 points Emerging (F through D range) (1–10) 10 points Satisfactory (C range) (11) 11 points Proficient (B range) (12–13) 13 points Exemplary (A range) (14–15) 15 points Criterion Score Integrates and understands assignments concepts and topics.

Student did not submit assignment. Shows some degree of understanding of assignment concepts. Demonstrates a clear understanding of assignment concepts. Demonstrates the ability to evaluate and apply key assignment concepts. Demonstrates the ability to evaluate, apply and integrate key assignment concepts.

Criteria No Submission 0 points Emerging (F through D range) (1–10) 10 points Satisfactory (C range) (11) 11 points Proficient (B range) (12–13) 13 points Exemplary (A range) (14–15) 15 points Criterion Score 6/8/2021 Rubric Assessment - MHC6305-Financial Management of Healthcare Organizations SU01 - South University 2/2 Total / 50 Overall Score / 15 Criteria No Submission 0 points Emerging (F through D range) (1–10) 10 points Satisfactory (C range) (11) 11 points Proficient (B range) (12–13) 13 points Exemplary (A range) (14–15) 15 points Criterion Score Synthesizes, analyses, and evaluates resources to apply concepts in the assignment. Student did not submit assignment. Does not interpret, apply, and synthesize concepts, and/or strategies.

Summarizes information gleaned from sources to support major points, but does not synthesize. Provides minimal justification to support major topics. Uses 1 credible resource in the assignment. Synthesizes and justifies (defends, explains, validates, confirms) information gleaned from sources to support major points presented. Uses a minimum of 2 credible resources in the assignment.

Synthesizes and justifies (defends, explains, validates, confirms) information gleaned from sources to support major points presented. Uses 3 credible resources for the assignment, including at least 1 scholarly peer- reviewed resource. / 5 Criteria No Submission 0 points Emerging (F through D range) (1–2) 2 points Satisfactory (C range) (3) 3 points Proficient (B range) (4) 4 points Exemplary (A range) (5) 5 points Criterion Score Uses correct spelling, grammar, and professional vocabulary. Provides credible resources using correct APA format. Student did not submit assignment Contains many (≥ 5) grammar, spelling, punctuation and APA errors that interfere with the reader’s understanding. Contains a few (3-4) grammar, spelling, punctuation and APA errors.

Uses correct grammar, spelling, and punctuation with no errors. Contains a few (1–2) APA format errors. Uses correct grammar, spelling, and punctuation with no errors. Uses correct APA format with no errors. No Submission 0 points minimum Emerging (F through D range) 1 point minimum Satisfactory (C range) 35 points minimum Proficient (B range) 40 points minimum Exemplary (A range) 45 points minimum 6/8/2021 Rubric Assessment - MHC6305-Financial Management of Healthcare Organizations SU01 - South University 1/2 Close Print Rubric SUO Discussion Rubric (80 Points) - Version 1.2 Course: MHC6305-Financial Management of Healthcare Organizations SU01 / 40 Response No Submission 0 points Emerging (F-D: points Satisfactory (C: points Proficient (B: points Exemplary (A: points Criterion Score Quality of Initial Posting No initial posting exists to evaluate.

The information provided is inaccurate, not focused on the assignment’s topic, and/or does not answer the question(s) fully. Response demonstrates incomplete understanding of the topic and/or inadequate preparation. The information provided is accurate, giving a basic understanding of the topic(s) covered. A basic understanding is when you are able to describe the terms and concepts covered. Despite this basic understanding, initial posting may not include complete development of all aspects of the assignment.

The information provided is accurate, displaying a good understanding of the topic(s) covered. A good understanding is when you are able to explain the terms and topics covered. Initial posting demonstrates sincere reflection and addresses most aspects of the assignment, although all concepts may not be fully developed. The information provided is accurate, providing an in- depth, well thought-out understanding of the topic(s) covered. An in-depth understanding provides an analysis of the information, synthesizing what is learned from the course/assigned readings. / 20 Participation No Submission 0 points Emerging (F-D: points Satisfactory (C: points Proficient (B: points Exemplary (A: points Criterion Score Participation in Discussion No responses to other classmates were posted in this discussion forum.

May include one or more of the following: *Comments to only one other student's post. *Comments are not substantive, such as just one line or saying, “Good job†or “I agree. *Comments are off topic. Comments to two or more classmates’ initial posts but only on one day of the week. Comments are substantive, meaning they reflect and expand on what the other student wrote. Comments to two or more classmates’ initial posts on more than one day. Comments are substantive, meaning they reflect and expand on what the other student wrote.

Comments to two or more classmates’ initial posts and to the instructor's comment (if applicable) on two or more days. Responses demonstrate an analysis of peers’ comments, building on previous posts. Comments extend and deepen meaningful conversation and may include a follow-up question. 6/8/2021 Rubric Assessment - MHC6305-Financial Management of Healthcare Organizations SU01 - South University 2/2 Total / 80 Overall Score / 20 Writing No Submission 0 points Emerging (F-D: points Satisfaction (C: points Proficient (B: points Exemplary (A: points Criterion ScoreWriting No Submission 0 points Emerging (F-D: points Satisfaction (C: points Proficient (B: points Exemplary (A: points Criterion Score Writing Mechanics (Spelling, Grammar, Citation Style) and Information Literacy No postings for which to evaluate language and grammar exist.

Numerous issues in any of the following: grammar, mechanics, spelling, use of slang, and incomplete or missing citations and references. If required for the assignment, did not use course, text, and/or outside readings (where relevant) to support work. Some spelling, grammatical, and/or structural errors are present. Some errors in formatting citations and references are present. If required for the assignment, utilizes sources to support work for initial post but not comments to other students.

Sources include course/text readings but outside sources (when relevant) include non- academic/authoritative, such as Wikis and .com resources. Minor errors in grammar, mechanics, or spelling in the initial posting are present. Minor errors in formatting citations and references may exist. If required for the assignment, utilizes sources to support work for both the initial post and some of the comments to other students. Sources include course and text readings as well as outside sources (when relevant) that are academic and authoritative (e.g., journal articles, other text books, .gov Web sites, professional organization Web sites, cases, statutes, or administrative rules).

Minor to no errors exist in grammar, mechanics, or spelling in both the initial post and comments to others. Formatting of citations and references is correct. If required for the assignment, utilizes sources to support work for both the initial post and the comments to other students. Sources include course and text readings as well as outside sources (when relevant) that are academic and authoritative (e.g., journal articles, other text books, .gov Web sites, professional organization Web sites, cases, statutes, or administrative rules). No Submission 0 points minimum There was no submission for this assignment.

Emerging (F to D Range) 1 point minimum Satisfactory progress has not been met on the competencies for this assignment. Satisfactory (C Range) 56 points minimum Satisfactory progress has been achieved on the competencies for this assignment. Proficient (B Range) 64 points minimum Proficiency has been achieved on the competencies for this assignment. Exemplary (A Range) 72 points minimum The competencies for this assignment have been mastered. 6/8/2021 Week 2 Project - MHC6305-Financial Management of Healthcare Organizations SU01 1/4 Week 2 Project Instructions MHC6305-Financial Management of Health… FW Before beginning work on this assignment, please review the expanded grading rubric for specific instructions relating to content and formatting.

Review the following information on balance sheet analysis and business calculations: Balance Sheet Analysis Calculating Debt Ratio in Excel Calculating Working Capital Review the following balance sheet: Best Care Health Maintenance Organization (HMO) Balance Sheet June 30, 2011 (in thousands) Assets Current assets: Cash Net premiums receivable Supplies

682021 Rubric Assessment Mhc6305 Financial Management Of Healthcar

6/8/2021 Rubric Assessment - MHC6305-Financial Management of Healthcare Organizations SU01 - South University 1/2 Close Print Rubric MHC6305 Week 2 Project Rubric Course: MHC6305-Financial Management of Healthcare Organizations SU01 / 15 Criteria No Submission 0 points Emerging (F through D range) (1–10) 10 points Satisfactory (C range) (11) 11 points Proficient (B range) (12–13) 13 points Exemplary (A range) (14–15) 15 points Criterion Score Includes all assignment components and meets graduate level critical thinking. A purpose statement is identified for the response. Student did not submit assignment Work minimally meets assignment expectations. No purpose statement is provided. Assignment meets some expectations with minimal depth and breath.

Purpose statement is vague. Assignment meets most of expectations with all components being addressed in good depth and breadth. Purpose statement is present and appropriate for the assignment. Assignment meets all expectations with exceptional depth and breath. A comprehensive purpose statement delineates all requirements of the assignment. / 15 Criteria No Submission 0 points Emerging (F through D range) (1–10) 10 points Satisfactory (C range) (11) 11 points Proficient (B range) (12–13) 13 points Exemplary (A range) (14–15) 15 points Criterion Score Integrates and understands assignments concepts and topics.

Student did not submit assignment. Shows some degree of understanding of assignment concepts. Demonstrates a clear understanding of assignment concepts. Demonstrates the ability to evaluate and apply key assignment concepts. Demonstrates the ability to evaluate, apply and integrate key assignment concepts.

Criteria No Submission 0 points Emerging (F through D range) (1–10) 10 points Satisfactory (C range) (11) 11 points Proficient (B range) (12–13) 13 points Exemplary (A range) (14–15) 15 points Criterion Score 6/8/2021 Rubric Assessment - MHC6305-Financial Management of Healthcare Organizations SU01 - South University 2/2 Total / 50 Overall Score / 15 Criteria No Submission 0 points Emerging (F through D range) (1–10) 10 points Satisfactory (C range) (11) 11 points Proficient (B range) (12–13) 13 points Exemplary (A range) (14–15) 15 points Criterion Score Synthesizes, analyses, and evaluates resources to apply concepts in the assignment. Student did not submit assignment. Does not interpret, apply, and synthesize concepts, and/or strategies.

Summarizes information gleaned from sources to support major points, but does not synthesize. Provides minimal justification to support major topics. Uses 1 credible resource in the assignment. Synthesizes and justifies (defends, explains, validates, confirms) information gleaned from sources to support major points presented. Uses a minimum of 2 credible resources in the assignment.

Synthesizes and justifies (defends, explains, validates, confirms) information gleaned from sources to support major points presented. Uses 3 credible resources for the assignment, including at least 1 scholarly peer- reviewed resource. / 5 Criteria No Submission 0 points Emerging (F through D range) (1–2) 2 points Satisfactory (C range) (3) 3 points Proficient (B range) (4) 4 points Exemplary (A range) (5) 5 points Criterion Score Uses correct spelling, grammar, and professional vocabulary. Provides credible resources using correct APA format. Student did not submit assignment Contains many (≥ 5) grammar, spelling, punctuation and APA errors that interfere with the reader’s understanding. Contains a few (3-4) grammar, spelling, punctuation and APA errors.

Uses correct grammar, spelling, and punctuation with no errors. Contains a few (1–2) APA format errors. Uses correct grammar, spelling, and punctuation with no errors. Uses correct APA format with no errors. No Submission 0 points minimum Emerging (F through D range) 1 point minimum Satisfactory (C range) 35 points minimum Proficient (B range) 40 points minimum Exemplary (A range) 45 points minimum 6/8/2021 Rubric Assessment - MHC6305-Financial Management of Healthcare Organizations SU01 - South University 1/2 Close Print Rubric SUO Discussion Rubric (80 Points) - Version 1.2 Course: MHC6305-Financial Management of Healthcare Organizations SU01 / 40 Response No Submission 0 points Emerging (F-D: points Satisfactory (C: points Proficient (B: points Exemplary (A: points Criterion Score Quality of Initial Posting No initial posting exists to evaluate.

The information provided is inaccurate, not focused on the assignment’s topic, and/or does not answer the question(s) fully. Response demonstrates incomplete understanding of the topic and/or inadequate preparation. The information provided is accurate, giving a basic understanding of the topic(s) covered. A basic understanding is when you are able to describe the terms and concepts covered. Despite this basic understanding, initial posting may not include complete development of all aspects of the assignment.

The information provided is accurate, displaying a good understanding of the topic(s) covered. A good understanding is when you are able to explain the terms and topics covered. Initial posting demonstrates sincere reflection and addresses most aspects of the assignment, although all concepts may not be fully developed. The information provided is accurate, providing an in- depth, well thought-out understanding of the topic(s) covered. An in-depth understanding provides an analysis of the information, synthesizing what is learned from the course/assigned readings. / 20 Participation No Submission 0 points Emerging (F-D: points Satisfactory (C: points Proficient (B: points Exemplary (A: points Criterion Score Participation in Discussion No responses to other classmates were posted in this discussion forum.

May include one or more of the following: *Comments to only one other student's post. *Comments are not substantive, such as just one line or saying, “Good job†or “I agree. *Comments are off topic. Comments to two or more classmates’ initial posts but only on one day of the week. Comments are substantive, meaning they reflect and expand on what the other student wrote. Comments to two or more classmates’ initial posts on more than one day. Comments are substantive, meaning they reflect and expand on what the other student wrote.

Comments to two or more classmates’ initial posts and to the instructor's comment (if applicable) on two or more days. Responses demonstrate an analysis of peers’ comments, building on previous posts. Comments extend and deepen meaningful conversation and may include a follow-up question. 6/8/2021 Rubric Assessment - MHC6305-Financial Management of Healthcare Organizations SU01 - South University 2/2 Total / 80 Overall Score / 20 Writing No Submission 0 points Emerging (F-D: points Satisfaction (C: points Proficient (B: points Exemplary (A: points Criterion ScoreWriting No Submission 0 points Emerging (F-D: points Satisfaction (C: points Proficient (B: points Exemplary (A: points Criterion Score Writing Mechanics (Spelling, Grammar, Citation Style) and Information Literacy No postings for which to evaluate language and grammar exist.

Numerous issues in any of the following: grammar, mechanics, spelling, use of slang, and incomplete or missing citations and references. If required for the assignment, did not use course, text, and/or outside readings (where relevant) to support work. Some spelling, grammatical, and/or structural errors are present. Some errors in formatting citations and references are present. If required for the assignment, utilizes sources to support work for initial post but not comments to other students.

Sources include course/text readings but outside sources (when relevant) include non- academic/authoritative, such as Wikis and .com resources. Minor errors in grammar, mechanics, or spelling in the initial posting are present. Minor errors in formatting citations and references may exist. If required for the assignment, utilizes sources to support work for both the initial post and some of the comments to other students. Sources include course and text readings as well as outside sources (when relevant) that are academic and authoritative (e.g., journal articles, other text books, .gov Web sites, professional organization Web sites, cases, statutes, or administrative rules).

Minor to no errors exist in grammar, mechanics, or spelling in both the initial post and comments to others. Formatting of citations and references is correct. If required for the assignment, utilizes sources to support work for both the initial post and the comments to other students. Sources include course and text readings as well as outside sources (when relevant) that are academic and authoritative (e.g., journal articles, other text books, .gov Web sites, professional organization Web sites, cases, statutes, or administrative rules). No Submission 0 points minimum There was no submission for this assignment.

Emerging (F to D Range) 1 point minimum Satisfactory progress has not been met on the competencies for this assignment. Satisfactory (C Range) 56 points minimum Satisfactory progress has been achieved on the competencies for this assignment. Proficient (B Range) 64 points minimum Proficiency has been achieved on the competencies for this assignment. Exemplary (A Range) 72 points minimum The competencies for this assignment have been mastered. 6/8/2021 Week 2 Project - MHC6305-Financial Management of Healthcare Organizations SU01 1/4 Week 2 Project Instructions MHC6305-Financial Management of Health… FW Before beginning work on this assignment, please review the expanded grading rubric for specific instructions relating to content and formatting.

Review the following information on balance sheet analysis and business calculations: Balance Sheet Analysis Calculating Debt Ratio in Excel Calculating Working Capital Review the following balance sheet: Best Care Health Maintenance Organization (HMO) Balance Sheet June 30, 2011 (in thousands) Assets Current assets: Cash Net premiums receivable Supplies $2,737 $821 6/8/2021 Week 2 Project - MHC6305-Financial Management of Healthcare Organizations SU01 2/4 $387 Total current assets $3,945 $3,945 Net property and equipment $5,924 Total assets $9,869 Liabilities and Net Assets Accounts payable— medical services $2,145 Accrued expenses $929 Notes payable $382 Total current liabilities $3,456 $3,456 Long-term debt $4,295 Total liabilities $7,751 $7,751 Total assets $9,869 Net assets- unrestricted (equity) $2,118 Total liabilities and net assets $9,869 Answer the following questions after your analysis: MHC6305 WEEK 2 LECTURE Page | 1 Recognizing Income Accrual refers to when an income is recognized.

There are two methods of recognizing income. The first is cash, in which income is only recognized when the organization actually receives money. The other method is to recognize income when a service is performed, creating an obligation on another person to pay, thus creating an accounts receivable. The organization does not yet have the money, but it has accrued an obligation on the part of another to pay at a future date. In healthcare, an obligation to pay is created when a patient is treated, but the money is received when the patient, or more often a third party, actually pays the bill.

The second method is fraught with some perils in that the person may never pay, creating a write-off. It is quite common for a healthcare organization (HCO) to use the second method of accrual and have a very large accounts receivable. Some of that is mandated by the use of third-party payers, such as Medicare or Blue Cross, who pay when bills are submitted if all other terms are met. GAAP is a common set of accounting standards and procedures that companies use to compile the financial statements such as valid balance sheet, income statement, and cash flow statement. A major purpose of using the standards is to be able to compare different organizations, that is, to compare apples with apples rather than apples with oranges.

Without common standards, it is not possible to know for sure where an organization stands financially vis-a-vis others in the industry. You are not expected to know GAAP standards, but you should be aware of their intent and purpose. In this lecture you have learned about the statements designed to provide pertinent financial information about an organization to its managers and to the public at large. Two significant sources of differences between gross and net revenue are charity care and bad debt. They have the same financial but different social effects.

Charity care, although expensive, is a positive in that the organization has taken care of a person in need without expectation of payment and accrues goodwill for this service. Bad debt, on the other hand, occurs when an organization expects but does not receive payment for a service. These clients are often turned over to a collection agency, which might be seen to be a negative social event. While both charity care and bad debt are normal in the course of business, remember that there is a social value involved, especially for nonprofit businesses that can take advantage of social gains. Income Statement As in any business, three types of reports—the income statement, the balance sheet, and the cash flow—help evaluate an HCO's financial status.

The income statement is a financial statement that provides information about revenues and expenses over a period of time. Revenues represent both cash received and payer obligations under accrual accounting. Expenses represent the resource expenditures to produce the revenue. The difference between revenues and expenses is a measure of the profit or loss of the period in question. Thus, an income statement provides information about the organization's operations and profitability.

This is a key point: The income statement is important because it shows the profitability of a company during a specified time interval. Reporting this information promotes transparency. Financial transparency is when any individual from outside the firm is able to read and follow the financial statements of a company. If any of the financial statements are not transparent, then an investor may be unsure about whether a company is really profitable or if it is hiding potential risks. An income statement provides information about the organization's operations and profitability.

No business can be transparent without providing an accurate income statement. Balance Sheet and Cash Flow Report As in any business, three types of reports—the income statement, the balance sheet, and the cash flow—help evaluate an HCO's financial status. A balance sheet contains information about the assets and the liabilities of a business. It is from this information that we can discover the owners' equity or ownership value of the business. The balance sheet is a snapshot of a business's position at a given point in time, and it follows the formula, Assets = Liabilities + Equity.

The right side of the balance sheet gives the business's mix of debt and equity financing, which is called the business' capital structure. Capital structure is a key financing decision discussed later in the course, and the balance sheet is critical to understanding that topic. The cash flow report shows whether the organization has the cash to cover its expenses or will need to tap a line of credit. That is, the total amount of money moving (or flowing) into and out of a business. Cash flow liquidity reflects how quickly a company can repay outstanding debt using generated cash funds.

You now have been introduced to the cash flow of an organization. Review the following material to gain more insight to each of these topics before you begin you assignments. Resources: The Balance sheet download pdf document OfficeToDo. (2014). Calculating dept ratio in Excel [Video]. Available from eHow. (2009).

Business calculations & accounting: Calculating working capital [Video]. Available from MHC6305 WEEK 2 DISCUSSION AND PROJECT INSTRUCTIONS · Week 2 Discussion Discussion Topic Top of Form Due June 10 at 11:59 PM Bottom of Form Before beginning work on this discussion forum, please review the link “ Doing Discussion Questions Right ,†the expanded grading rubric for the forum, and any specific instructions for this topic. Before the end of the unit, begin commenting on at least two of your classmates’ responses. You can ask technical questions or respond generally to the overall experience. Be objective, clear, and concise.

Always use constructive language, even in criticism, to work toward the goal of positive progress. Submit your responses in the Discussion Area. · Select two different types of HCOs and consider the most positive and most negative effects of using the cash versus accrual accounting method for the business. · Discuss the effect of the choices on revenue recognition and matching principles. · Compare and contrast the following items, pointing out their key elements: gross revenue and net revenue, patient service revenue and other revenue, and charity care and bad debt losses on the income sheet To support your work, use your course and textbook readings and also use the South University Online Library .

As in all assignments, cite your sources in your work and provide references for the citations in APA format. Your initial posting should be addressed at words. Submit your document to this Discussion Area by the due date assigned . Be sure to cite your sources using APA format. Respond to your peers throughout the Week.

Justify your answers with examples, research, and reasoning. Follow up posts need to be submitted by the end of the week . · Week 2 Project Assignment Top of Form Due June 14 at 11:59 PM Bottom of Form Before beginning work on this assignment, please review the expanded grading rubric for specific instructions relating to content and formatting. Review the following information on balance sheet analysis and business calculations: Balance Sheet Analysis Calculating Debt Ratio in Excel Calculating Working Capital Review the following balance sheet: Best Care Health Maintenance Organization (HMO) Balance Sheet June 30, 2011 (in thousands) Assets Current assets : Cash Net premiums receivable Supplies $2,737 $821 $387 Total current assets $3,945 $3,945 Net property and equipment $5,924 Total assets $9,869 Liabilities and Net Assets Accounts payable—medical services $2,145 Accrued expenses $929 Notes payable $382 Total current liabilities $3,456 $3,456 Long-term debt $4,295 Total liabilities $7,751 $7,751 Total assets $9,869 Net assets-unrestricted (equity) $2,118 Total liabilities and net assets $9,869 Answer the following questions after your analysis: · What is Best Care’s net working capital for 2011?

Show your work. · What is Best Care’s debt ratio? Show your work. To support your work, use your course and textbook readings and also use the South University Online Library. As in all assignments, cite your sources in your work and provide references for the citations in APA format. Submission Details: · Your assignment should be addressed in a 2- to 3-page document. · Submit your document to this appropriate Submissions Area by the due date assigned.

,737 1 6/8/2021 Week 2 Project - MHC6305-Financial Management of Healthcare Organizations SU01 2/4 7 Total current assets