Assignment: Krona Community Hospital.
Assignment: Krona Community Hospital.
Assignment: Krona Community Hospital.
ORDER NOW FOR AN ORIGINAL PAPER ASSIGNMENT : Assignment: Krona Community Hospital.
ALL UNITS HAVE TO BE COMPLETED, please put each unit on a separate word document
400-600 WORDS FOR EACH SUMMARY, APA FORMATTING
UNIT 1
As a member of the finance team, you have been asked to forecast the upcoming year’s operational budget for Krona Community Hospital. Click here for last year’s budget. After reviewing specific data, internal input, and external input from various sources, you find that the executive management team would like the budget to reflect the following:
10% increase in inpatient revenue
15% increase in outpatient revenue
5% increase in pharmacy revenue
15% increase in home health and hospital revenue
10% increase in payroll and benefits
Additionally, provide discussion on the following:
How do you think that revenue would increase in each of the areas? Think outside of the box, and perform research to determine current trends in those areas.
Why would there be a forecasted need to increase payroll and benefits?
Explain the role of key leadership in the budgeting process, from the chief executive officer down through to the staff level of a financial analyst.
UNIT 2
Define value-based models of payment.
Describe an accountable care organization payment system.
Define bundled care.
Discuss how value-based, accountable care, and bundled payments will require hospitals to manage the following post-acute care environments:Outpatient care (e.g., therapy, nursing, and physician)
Home health
Skilled nursing facility admission
UNIT 3
You have been promoted to a member of the management team in Krona’s financial department. You have hired a new staff member who will assist you in preparing materials for the next Board of Directors meeting, in which the annual financial reports will be presented. Complete the following:
Prepare an Executive Summary to the next Board of Director Meeting on one of the following topics:
Discuss why a service line of your choice should be discontinued due to reimbursement and current demographic trend in your area.
Discuss why a service line should be implemented to increase revenue based on reimbursement changes and current demographic trend in your area.
Discuss why expansion of outpatient services will improve revenue in the current Accountable Care Organization or Value Based Service models delineated by CMS.
UNIT 4
You are a staff member in the finance department at Nouveau Health, whose sole responsibility is to advance the success of the organization through assisting in planning, forecasting, and finance management.
Complete the following:
Prepare next year’s financial plan and operational budget.
Note: Keep in mind that the budget you created for Unit 1 did not take into account the growth of the new facility. The CEO has asked that you expand that budget and provide a finalized budget that will take into account the new services offered. The CEO has stated that there is $3 million that you can incorporate in to the budget for additional staffing, services, maintenance, and so forth.
UNIT 5
Provide a diagram, or list the major steps in the traditional revenue cycle.
Discuss how primary payer, secondary payer, deductibles and co-pays affect what is billed.
Discuss how bundled care will change the traditional billing cycle.
You must proofread your paper. But do not strictly rely on your computer’s spell-checker and grammar-checker; failure to do so indicates a lack of effort on your part and you can expect your grade to suffer accordingly. Papers with numerous misspelled words and grammatical mistakes will be penalized. Read over your paper – in silence and then aloud – before handing it in and make corrections as necessary. Often it is advantageous to have a friend proofread your paper for obvious errors. Handwritten corrections are preferable to uncorrected mistakes.
Use a standard 10 to 12 point (10 to 12 characters per inch) typeface. Smaller or compressed type and papers with small margins or single-spacing are hard to read. It is better to let your essay run over the recommended number of pages than to try to compress it into fewer pages.
Likewise, large type, large margins, large indentations, triple-spacing, increased leading (space between lines), increased kerning (space between letters), and any other such attempts at “padding” to increase the length of a paper are unacceptable, wasteful of trees, and will not fool your professor.
The paper must be neatly formatted, double-spaced with a one-inch margin on the top, bottom, and sides of each page. When submitting hard copy, be sure to use white paper and print out using dark ink. If it is hard to read your essay, it will also be hard to follow your argument.

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