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Finance
This area deals with the planning, development, establishment, analysis, and assessment of financial management processes for an organization's capital, budget, accounting, and related reporting systems.
May 2008
Sunday May 25, 2008
Finance Section: Inventory Turnover
Posted by: Kathryn Wood at 8:58PM EST on May 25, 2008

When calculating Inventory Turnover, how do you account for inventory on consignment?  Do you take consigned inventory out of the equation?

What is the typical benchmark for the inventory turnover ratio?

Sunday May 18, 2008
Managing Utilization
Posted by: Dwight Linton at 11:17PM EST on May 18, 2008
How does a facility manage utilization benchmarks/goals when there is a mix of capitation and fee-for-service contracts? 
Saturday May 17, 2008
on-line tutorial/Contractual
Posted by: Rebecca Cartright at 2:26PM EST on May 17, 2008
Are contractuals configured differently depending on the geographical location?
Financing Capital
Posted by: Kevin Conley at 12:48PM EST on May 17, 2008
The tutorial talks about the differences between owning (tradional financing) and leasing.  There is no mention of off balance sheet transactions.  What is the position / opinion of most regarding these types of structured deals?
Friday May 16, 2008
Forecasts
Posted by: Mia Williams at 5:37PM EST on May 16, 2008

According to Sixth Edition of The Well-Managed Healthcare Organization, assumptions are the critical element of financial planning. 

What type of information should be used to make these critical assumptions for financial planning?

Wednesday May 14, 2008
Expenditures by Source of Funds
Posted by: Mitchell Frogge at 12:04PM EST on May 14, 2008
In the first part of the finance slidshow the pie chart shows "Expenditures by Source of Funds" but the narrator is talking only about healthcare spending.  How is the source of funds related to the bill "Paid" amount or "Charge" amount.  What percent of source funds go to expenditures other than healthcare expendures.
Tuesday May 13, 2008
Capital Budgeting
Posted by: Gila Kimmelman at 3:56PM EST on May 13, 2008
In the finance powerpoint section, the presenter discusses doing the capital budget last (after strategic planning and operation budgets are set), would it make more sense to complete this piece before operational budgets to see the financial impact rather than layer on top after?  
Financial Indicators
Posted by: Franka Tirado at 2:49PM EST on May 13, 2008
How were financial indicators developed?  When should indicators be change to better reflect operational strategic goals?
Sunday May 11, 2008
Contractual Allowance
Posted by: Michael Pittman at 4:32PM EST on May 11, 2008

Can anyone explain exactly what this is and how it is calculated? It seem to be a gray area.

Thanks 

Saturday May 10, 2008
On line tutorial/Cash Flow
Posted by: Rebecca Cartright at 12:50PM EST on May 10, 2008
What is the benchmark # of days for cash flow for an organization?
Friday May 9, 2008
Exam question for online community
Posted by: Patricia Lubrano at 3:05PM EST on May 9, 2008
Describe the two types of leasing alternatives and an example in which each is used for capital equipment.
Thursday May 8, 2008
Zero Based Budget
Posted by: Brian Thompson at 7:13PM EST on May 8, 2008
With everything that is put into strategic planning.  The setting of long range goals and tracking the organizations progress towards those goals; why would an organization utilize a zero-based budget?  What would be the benefit of having to rejustify all capital spending?
volumes, volumes, volumes
Posted by: Lawrence Blue at 11:30AM EST on May 8, 2008
Will significant increased volumes over previous projections always offset a 30% to 40% discount offer from a third party payer.
Wednesday May 7, 2008
Flexible budgets
Posted by: Mia Williams at 12:52PM EST on May 7, 2008
Flexible budgets are often used to analyze variation.  What are a few examples when creating a flexible budget would be useful?