ASM 246 - Practicum VII: Business Administration

1. Appraise essential elements of fiscal leadership of the long-term care organization.
   1. Evaluate the use of “costs” in managerial decisions.
   2. Assess the impact of Medicaid and Medicare on the long-term care organization.
   3. Identify the steps in the budgeting process.
   4. Determine common problems administrators encountered in budgeting.
   5. Define Cash flow and forecasting.
   6. Analyze fiscal resource allocations.
   7. Study ways to provide quality services at a reasonable cost.
   8. Investigate Accrual vs. Cash flow accounting and how that affects monthly financials.
   9. Explain financial monitoring.
   10. Define financial evaluations.
   11. Analyze corrective financial action.
2. Assess management information systems which assist facilities in complying with local, state, and federal reporting requirements.
   1. Determine which local and federal required systems are involved.
   2. Investigate what and how technologies are used in health care facilities.
   3. State methods of compliance.
   4. Describe the importance of effective operational and time-allotment controls.
   5. Evaluate administrator’s responsibilities to effectively control money, operations, and information.