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.
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Item
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Asset
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Liability
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Cash
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Inventory
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Bonds payable
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Land
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Buildings
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Payroll taxes due
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Accounts payable
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Equipment
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Notes receivable
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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.
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ABC Outpatient Clinic
Statement of Revenue for January 20X0
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Revenue Source
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Dollar Amount ($)
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Percentage (%)
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Patient out-of-pocket payments
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$364,029
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Medicaid
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$750,000
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Medicare
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$935,680
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True Blue Insurance Co.
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$125,000
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Insurance of Florida
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$95,000
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Total
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$2,269,709
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Please submit your assignment.