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Healthcare Finance Assignment
Part I: Assets and Liabilities
Review the items below. Place an "X" in the box that identifies whether the item is an asset or a liability.
Item
Asset
Liability
Cash
Inventory
Bonds payable
Land
Buildings
Payroll taxes due
Accounts payable
Equipment
Notes receivable
Additionally, explain what assets and liabilities are (both long-term and short-term) and their impact on the finance of a health care organization.
Part II: Revenue Statements
Managers will often have to provide presentations to those internal and external to their organization. It is important for managers to understand how to convert dollars to percentages because this provides another method for the audience to see how much of the pie is entering and exiting the organization.
Convert the dollar amounts for the revenue statement below to percentages. Upon completion of converting the dollar amounts to percentages, develop a pie chart for the revenue source and percentage.
ABC Outpatient Clinic Statement of Revenue for January 20X0
Revenue Source
Dollar Amount ($)
Percentage (%)
Patient out-of-pocket payments
$364,029
Medicaid
$750,000
Medicare
$935,680
True Blue Insurance Co.
$125,000
Insurance of Florida
$95,000
Total
$2,269,709
Please submit your assignment.
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