Description
Comparitive Data[WLOs: 4] [CLOs: 1, 2, 5]Prior to beginning work on the this assignment, review Chapters 14 and 15 in your course textbook as well as the Comprehensive Assessment of Firm Financial Performance Using Financial Ratios and Linguistics Analysis of Annual Reports article and the Financial Ratios web page. Complete the Comparative Data Staffing template Download Comparative Data Staffing template.Background: As the office manager for Dr. Smith and Brown’s, you have the responsibility of ensuring efficient operation of their practices. In your healthcare career, you will need to understand the criteria, and use of comparative data as well as terms such as common-sizing, trend analysis, forecasting and projecting, which requires the analysis of data to make informed decisions.Instructions: For this assignment, you will complete the Comparative Data template Download Comparative Data template. You are responsible for providing detailed responses to the questions posed in the document. You will also need to provide examples where indicated as well as references formatted per APA guidelines. When you have completed the document template, it should be at least two pages in length.Carefully review the Grading Rubric for the criteria that will be used to evaluate your assignment.
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HCA312 Week 4 Assignment
Comparative Data
Prior to beginning this assignment, review Chapter 14 and 15 in the course textbook, Health Care
Finance: Basic Tools for the Nonfinancial Managers, 5th edition. These two chapters will assist you in
responding accurately to the questions in the table.
Instructions:
Complete the following table by writing detailed and thorough responses to the questions. Provide
examples where indicated. Once the document template is completed, you should have at least two
pages. APA formatted citations and references are required. Cite the sources per in the narrative and list
the reference in the last box of the table.
What is meant by
common sizing?
Provide an
example:
What is meant by
Trend Analysis?
Provide an
example:
What is the
difference
between
forecasting and
projecting?
What are the three
common types of
forecasts in a
Healthcare
Organization?
Name the three
criteria that must
be met for true
comparability.
Discuss each.
What elements of
consistency
should be
considered?
Provide an
example:
Discuss the
importance of
comparative data
and explain the
healthcare
manager’s
responsibility
when comparing
data
Name the four
common uses of
Comparative Data.
Discuss each.
Explain
Standardized Data
Provide an
example.
List your
References:
REQUIRED
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