Week 6 Case: Major Problems and Secondary Issues
Please make sure you answer the 8 questions when writing the Case Study Write-Up
Happy Town Neurology pg. 471
Case Study Questions
1. Describe the department or clinic personnel that you might utilize to help you with this process? Why would you choose these people?
2. What is the third-party payer, and why do you care about their forecasted reimbursement?
3. Define a cash budget as you understand it.
4. What type of historical data will you consider? How far back should you look?
5. Explain what is meant by outflows and inflows--provide examples.
6. How do local and federal legislation, policy, and the economy affect your cash budget decisions? How do you think healthcare organizations plan for these changes?
7. If you followed the steps outlined in the case, would you accomplish the goals of the organization? what might you add or delete to streamline the process as you understand it?
8. Once your are finished putting the information in Part IV together, is the process complete? Do you believe that budgeting is used daily, weekly, monthly or annually? Explain.
Case Study Write-up
• Background Statement
• Major Problems and Secondary Issues
• Major characters and their roles
Organizational Strengths and Weaknesses
• Alternatives and Recommended Solutions
• Evaluation
Format
• Submit your case in APA 6th edition format with no less than 3 peer reviewed references
CASE STUDY ASSIGNMENT
Name:
Instructor:
Institution:
Date:
Background Statement
The subject in question here is the job evaluation at Happy Town neurology, which involves solving of a specific issue assigned by the CFO, as part of the evaluation process. It is a chance of promotion, since the new job hinges upon solving of the particular problem at Happy Town Neurology. (Buchbinder & Shanks, 2011).
Major Problems and Secondary Issues
The main issue here is the managing of costs and revenues at the facility. The CFO is focusing on how the issue of the cash budget and any other budgetary obligations would be handled effectively. To ensure that the problem is dealt with effectively, the CFO has provided all the necessary information, including the information on loan processes as well as the details that the facility might need so as to get the operating loans for the following financial year. The secondary issue here is the expected promotion to the new job. The success of the promotion heavily hinges on the effectiveness of the budget handling that the CFO will assign as the evaluation criteria.
Your Role
I am playing the role of assistant financial manager at the facility, with a chance of being promoted to a senior position within the facility’s financial division. I am the one charged with the duty of comprehending the cash budget, as well as providing the facility with sufficient information on loan acquisition and exercise. A cash budget is an approximation of cash circulation within a company. The amount in and out is the major considerations. The components are the cash available, disbursement, excesses or deficiency and balance. These components handle specific tasks for example the financing has borrowings and repayments and guides on the amounts that can be borrowed and repaid (Hansen, Mowen& Guan, 2003).
The entire process is very important to the fa...