Recent orders
Health Informatics Technology Featherfall Medical Center
Overview: Imagine you have been contracted to consult on the recent developments at the Featherfall Medical Center. Featherfall has been struggling of late; it has had a series of problems that have prompted your hiring. It has faced the following issues:
1. Featherfall has recently violated several government regulations regarding the current state of its technology and how it is being used. The technology system is vastly out of date, and staff are not always using the technology that is in place or they are using the technology inappropriately. These problems have lost the institution lots of money for not meeting government regulations and have caused operational and ethical problems from inefficient and ineffective use of technology.
2. The staff at Featherfall are not well-trained on the use of technology and do not communicate appropriately about technology use. The roles that pertinent to your consult are the health information management team, the clinical staff (doctors, nurses, etc.), and administrative staff. The health information management team uses proper coding practices, and the current technology system serves them well, despite its age. However, other roles in the hospital have had issues with the system. Clinical staff, for instance, have had record-keeping issues both due to lack of training on the system and the system itself being out of date. Administrative staff within the organization have taken issue with the lack of communication about the technology and its use between the various roles. When the current technology system was chosen many years ago, the needs of these various roles were not considered.
In this milestone, you will submit a discussion of the history of healthcare information management/informatics and the current landscape in terms of technology. This milestone will set the stage for your project.
Specifically the following critical elements must be addressed:
1. Preparation for Consult: In this section of your final project, you will prepare for your consultation on the organization’s technology choice. To prepare, you will analyze the field of health information management for determining standard technologies and guidelines related to technology use in order to inform your technology selection.
A. Analyze key historical events in the field of health informatics for how technology has been used that could inform the management of health information. Be sure to support your response with appropriate examples.
B. Determine guidelines for technology use in the field of health information management that Featherfall could implement. Be sure to support your response with research.
C. Determine the standard technologies currently used in the field of health information management. Be sure to support your response with research. For example, what record-keeping technologies are typically used in the field?
D. Develop an overview of how the pertinent roles described at Featherfall would interact with technology.
E. Describe the process you would use to evaluate new health information technology systems. Be sure that your process will evaluate new systems based on how they meet the needs of the organization and how they are compliant with health regulations and laws.
Why do you think that the United States is the only developed nation in the world without universal health insurance?
Why do you think that the United States is the only developed nation in the world without universal health insurance? In the long run, do you believe a single payer system is the proper model for the U.S. health care system? Why or why not? What can we learn from the experience of other countries that can help us decide which policy direction to pursue?
Inventory Concept and Depreciation Methods
Inventory Concept and Depreciation Methods
[WLOs: 1, 2] [CLOs: 1, 2, 3, 4, 5]
Prior to beginning work on this assignment, review Chapter 9 of your textbook. Additionally, review the What Are the Methods of Depreciation? and the
Depreciation and Why it is Important to Your Business articles.
Scenario:
As a Practice Manager for Dr. Smith and Dr. Brown, you are tasked with preparing a report that illustrates your knowledge of computing inventory and depreciation methods. After analyzing Dr. Smith and Dr. Brown’s Financial Statements, and performing the necessary calculations, you will decide on the feasibility of purchasing the equipment based on your computations and analysis of the financial statements. In addition, you will explain the rationale for your choice and make a recommendation for the practice.
Download and complete the Inventory Concept and Depreciation Methods Template. You will need to ensure that your responses are thorough and written in
your own words; give examples as required and list references in APA format in the space provided within the template. When completed, the document will be at least eight pages in length. With that said, the items below illustrate the required components to be completed. NOTE: Information to calculate inventory and depreciation is included in the Inventory Concept and Depreciation Methods Template.
Part 1: Inventory Concept and Calculations
Discuss the inventory concept
List an example of an inventory item and discuss how the item moves from inventory to COGS (Costs of Goods Sold). Include information on the meaning of COGS.
Calculate the cost of ending inventory and COGS using the information provided within the template.
FIFO
LIFO
WEIGHTED-AVERAGE
Part 2: Define the Five Methods for Computing Book Depreciation
Define each of the following methods for computing book depreciation:
Straight Line Depreciation Method
Accelerated Book Depreciation: Sum of Years’ Digits (SYD) Method
Accelerated Book Deprecation: Double Declining Balance (DDB) Method
Accelerated Book Deprecation: 150% Declining Balance Method
Part 3: Calculating Depreciation
Calculate depreciation for three of the depreciation methods identified in the template.
Example of Straight Line Depreciation Method
Example of Accelerated Book Depreciation: SYD Method
Example of Accelerated Book Deprecation: DDB Method
Part 4: Analysis of Depreciation Methods
Explain which method would be more feasible for healthcare organizations to use Hospital
Physician practice
Explain why it is important for a healthcare organization or physician practice to use a depreciation method.
Part 5: Recommendation
What is the depreciation method you would recommend to Dr. Smith and Dr. Brown to purchase the fixed asset? Explain the rationale for your choice.
Paper Requirements:
The Inventory Concept and Depreciation Methods Assignment template, once completed,
Should demonstrate an understanding of the reading assignments, class discussions, your own research, and the application of new knowledge.
Must have substantive responses within the template and include complete sentences in paragraph format, including citations for each reference listed.
Refer to the Writing Center for information on APA Style.