Assignment 2: Human Resource Strategy

/in /by
  • Assignment 2: Human Resource Strategy

    Use the Internet to research the Best Places to Work (http://www.greatplacetowork.com/).  Select two companies from two different industries on the Fortune 100 list.

    Write a four to six (4-6) page paper in which you:

 

1.    Compare and contrast the two (2) industries you have identified in terms of size, products, services, customers, economic and regulatory environment.

 

2.    Describe the mission, vision, values and core business practices of each of the companies you selected.

 

3.    Recommend tree to five (3-5) possible HR strategies that will support each organization’s mission, vision, values and core business practices for each company. Support your recommendations.

 

4.    Identify how your recommended HR strategies will promote a competitive advantage for each company within their industry. Provide a rationale for your position.

 

5.    Use at least four (4) academic quality resources in this assignment. Note: Wikipedia does not qualify as an academic resource.

 

Financial Ratio Analysis

/in /by

The TEXTBOOK needed isFinancial Management of Health Care Organizations, 3rd Edition

Financial Ratio Analysis

  1. Search for a Hospital’s Annual Report on the web, or you can also look for a hardcopy annual report of a Hospital. Find the most recent Annual report. Annual reports older than 2008 is not accepted. Most Annual Reports contain the Hospital’s Financial Statements. You will use the financial Statements to prepare the Financial Ratio Analysis of the Hospital you select.
    1. NOTE: Be careful not to select a Hospital System!. Hospital Systems consist of several hospitals of varying bed sizes. Most times their financial statements are consolidated. As such you may be unable to compare and benchmark your ratios to the industry standards in item #4 below.
  2. Prepare a 2-3 year financial ratio analysis. You must calculate each of the ratios listed in your textbook. The sample below only serves as a guide for what your assignment may look like when complete.
  3. Include a brief commentary including both benchmarking and trend analysis. Study the example below.
  4. Refer to Financial Ratio National Standards Table, Exhibit 4-16a 0n page 167 in your text for industry benchmarks. Note the hospital size (# of Beds) and select the Median Ratio appropriate for your hospital.
  5. Don’t forget to include a brief description of the company. Your description should include the following:
    1. An overview of the hospital
    2. Major types of services provided by the hospital
    3. Number of facilities and location
    4. Type of legal entity
    5. A brief history of the hospital

Financial Ratio Analysis Sample Assignment

Here is an example of what your financial ratio analysis might look like when you are through:

1. Current Ratio 2008: 1.90 2009: 1.69
Comment: 1.9 is in good agreement with HCIA/HCFA value of 1.95 for a 100-249 bed hospital. However, from 1996-1997, there is a decrease to 1.69, suggesting concern that asset increase did not keep up with increase in liabilities.
2. Days in accounts receivable 2008: 101.9 2009: 71.29
The HCIA/HCFA average is 66. Both 1996 and 1997 are high, but there is a clear decreasing trend in ’97, which is favorable
3. Days cash on hand: 2008: 27.2 2009 23.71
The HCIA/HCFA standard is 47 Both 1997 and 1996 are low, and the trend to 1997 is decreasing and is a concern about cash flow problems.
4. Times interest earned 2008: 4.70 2009: 1.395
The HCIA/HCFA average is 4.29. In 1996, the ratio was excellent at 4.70. However, in 1997 the ratio decreased significantly.
5. Debt service coverage 2008: 5.64 2009: 3.62
HCIA/HCFA value is 3.35 for a 1-99 bed h

Group Project 1: Financial Ratio Analysis

1. Search for a Hospital’s Annual Report on the web, or you can also look for a hardcopy annual report of a Hospital. Find the most recent Annual report. Annual reports older than 2008 is not accepted. Most Annual Reports contain the Hospital’s Financial Statements. You will use the financial Statements to prepare the Financial Ratio Analysis of the Hospital you select.

a. NOTE: Be careful not to select a Hospital System!. Hospital Systems consist of several hospitals of varying bed sizes. Most times their financial statements are consolidated. As such you may be unable to compare and benchmark your ratios to the industry standards in item #4 below.

2. Prepare a 2-3 year financial ratio analysis. You must calculate each of the ratios listed in your textbook. The sample below only serves as a guide for what your assignment may look like when complete.

3. Include a brief commentary including both benchmarking and trend analysis. Study the example below.

4. Refer to Financial Ratio National Standards Table, Exhibit 4-16a 0n page 167 in your text for industry benchmarks. Note the hospital size (# of Beds) and select the Median Ratio appropriate for your hospital.

5. Don’t forget to include a brief description of the company. Your description should include the following:

a. An overview of the hospital

b. Major types of services provided by the hospital

c. Number of facilities and location

d. Type of legal entity

e. A brief history of the hospital

Financial Ratio Analysis Sample Assignment

Here is an example of what your financial ratio analysis might look like when you are through:

1. Current Ratio 2008: 1.90 2009: 1.69
Comment: 1.9 is in good agreement with HCIA/HCFA value of 1.95 for a 100-249 bed hospital. However, from 1996-1997, there is a decrease to 1.69, suggesting concern that asset increase did not keep up with increase in liabilities.
2. Days in accounts receivable 2008: 101.9 2009: 71.29
The HCIA/HCFA average is 66. Both 1996 and 1997 are high, but there is a clear decreasing trend in ’97, which is favorable
3. Days cash on hand: 2008: 27.2 2009 23.71
The HCIA/HCFA standard is 47 Both 1997 and 1996 are low, and the trend to 1997 is decreasing and is a concern about cash flow problems.
4. Times interest earned 2008: 4.70 2009: 1.395
The HCIA/HCFA average is 4.29. In 1996, the ratio was excellent at 4.70. However, in 1997 the ratio decreased significantly.
5. Debt service coverage 2008: 5.64 2009: 3.62
HCIA/HCFA value is 3.35 for a 1-99 bed hospital-both figures are well above standard, but there is a decreasing trend. Concern is whether the trend would continue and debt service capability would be jeopardized.
6. Total asset turnover 2008: 0.685 2009: 0.7164
The HCIA/HCFA value is 1.02 for a 1-99 bed hospital. Both values are low, but there is a slight upward trend in ’97.

ospital-both figures are well above standard, but there is a decreasing trend. Concern is whether the trend would continue and debt service capability would be jeopardized.
6. Total asset turnover 2008: 0.685 2009: 0.7164
The HCIA/HCFA value is 1.02 for a 1-99 bed hospital. Both values are low, but there is a slight upward trend in ’97.

A Non-Participating Physician Provides Services

/in /by

A non-participating physician provides services to a Medicare patient who has total charges of $100 (before Medicare’s limiting charge is applied). The physician does not accept assignment, charges the maximum allowable, and submits the claim to Medicare. Assume Medicare’s approved schedule for these services is $80. A. What is the Medicare portion of the physician payment (that Medicare sends to the patient)? B. What is the patient’s portion of the payment to the physician (net of the reimbursement from Medicare in the information above?
Doctor charge        $100
Medicare approved    80

x participating factor    0.95
Medicare allowed    76

x MAC factor        1.15
Max allowable charge    87.4
Medicare payment (80%)    69.92

Patient Payment        17.48
Total allowed        87.4

A. What is the Medicare portion of the physician payment (that Medicare sends to the patient)?
B. What is the patient’s portion of the payment to the physician (net of the reimbursement from Medicare in the information above?
3. Use the information and table below to solve problems 3A and 3B. The Medical College of Virginia, located in the urban city of Richmond, Virginia, has a wage index of 1.8579. A student from nearby Virginia Commonwealth University has just been treated for viral meningitis during a five-day length of stay (LOS), (DRG weight: 1.535). Rate Table Hospital Status Labor Non-labor Urban Areas 2,800 1,250 Rural Areas 2,000 1,000 A. Calculate the DRG operating payment for this treatment. B. Assuming that the wage index remains the same, what would the DRG operating payment be if the same treatment occurred in the rural Pulaski County Hospital in Pulaski, VA?
A. Calculate the DRG operating payment for this treatment.
B. Assuming that the wage index remains the same, what would the DRG operating payment be if the same treatment occurred in the rural Pulaski County Hospital in Pulaski, VA?

Sustainable Development

/in /by

Case Analysis—Sustainable Development

In this assignment, the objective is to further understand some illustrative examples of how companies have accomplished the multiple tasks of meeting objectives for profit, planet, and people.

Follow these instructions to access the resource that contains case studies for analysis you will use for this assignment:

1. Visit the Web site for the World Business Council for Sustainable Development (WBCSD): http://www.wbcsd.org

2. Click on the link to Case Studies. These relate to corporate social responsibility (CSR)

3. Choose one of the case studies to use for this assignment

Prepare a case analysis which addresses the following questions:  For your selected case:

· Explain the major goals and objectives of the World Council for Sustainable Development.

· Analyze the World Business Council’s concept of Corporate Social Responsibility and explain how this idea can help companies live up to their responsibilities as global citizens.

· Explain the nature of the company’s operations including the company’s country of origin, number of employees, revenue sources, and any other relevant operational information.

· Identify the company’s main initiative and its  role in terms of social responsibility.   Explain the specific actions taken by the company in this initiative.

· Analyze the results of the initiative and the success and/or failures of the initiative.

· Assess the main lessons learned from the initiative

· Evaluate the application of the concept of triple bottom line performance in the case.

Write an 8-10 page case study analysis in Word format. Apply APA standards for writing style to your work.

Assignment 2 Grading Criteria Maximum Points
Explained the main goals and objectives of the World Council for Sustainable Development. 20
Analyzed how the WCFSD’s concept of Corporate Social Responsibility can help companies live up to their responsibilities as global citizens. 20
Explained the nature of the company’s operations, including the company’s country or origin, number of employees, revenue sources, and other relevant information. 20
Identified the company’s main initiative and explained its role in terms of social responsibility. 20
Analyzed the specific actions taken by the company in this initiative. 20
Analyzed the results of the initiative and the success and/or failures of the initiative. 20
Assessed the main lessons learned from the initiative. 16
Evaluated the application of the concept of triple bottom line performance in the case. 20
Written Components:  Organization (12) usage and mechanics (12) APA elements (16)  Style (4) 44
Total: 200