Do the following:
This week’s assignment has 2 parts.
We live in a world filled with a host of various policies. In a departmental store, you may have noticed a
return policy. In the healthcare industry, you will need to become familiar with financial policies.
In 1 to 2 pages answer the following questions:
1. What is a financial policy?
2. What is the purpose of a financial policy?
3. List 4 benefits of using financial policies.
4. List 4 types of information which can be included in a financial policy.
Use MS Word or notepad to complete your assignment.
Using the following information, calculate all possible practice management ratios:
# of Patients seen – 4,785
Monthly Charges – $1,340,000
Monthly Income – $899,000
Total Operating Costs – $643,521
Total Accounts Receivable – $1,650,000
Was this practice profitable in June, 2011?
Use MS Excel to complete your assignment.