Explain how the KPIs such as days in accounts recievable, claim denial rate, net collection rate, patient verification, and medical coding support strategic planning in the revenue cycle?
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Explain how the KPIs such as days in accounts recievable, claim denial rate, net collection rate, patient verification, and medical coding support strategic planning in the revenue cycle?
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- As an operations management consultant, you have been asked to evaluate a furniture manufacturer’s cash to cash conversion cycle under the following assumptions: sales of $23.5 million, cost of goods sold of $20.8 million, 50 operating weeks a year, total average on hand inventory of $2,150,000, accounts receivable equal to $2,455,000, and accounts payable of $3,695,000. What do you conclude? What recommendations can you make to improve performance? What would be the impact of reducing the accounts payable from $3,695,000to $2,000,000 and all other data remained the same? Please show in detail these impacts quantitatively in your answers.Calculate the revenue year on year growth (YOY) for the growth from Year 1 to Year 2, for Acme Headphones.You are completing your audit of LTC Ltd, an importer of cell phones from Taiwan. Total sales this year were $54,000,000. The results of your audit work on inventory are summarized in the following table: Description # of SKU’s $ Value Population 120 $5,200,000 Sample 30 $2,080,000 Errors found 5 $177,000 Required Using the monetary unit method, calculate the projected inventory error, and, assess it against materiality.
- Describe the business processes based on the nature of company business for revenue cycle and illustrate the document/system flowchartBriefly describe how STR obtains raw property data. Identify the various metrics used by the hotel Industry, both the raw values, the KPIs, and the Percent Changes. Explain how metrics are calculated when it comes to multiple time periods. Compare the differences between how monthly and daily data is treated Identify “hints” that should be remember when working with the various metrics. Upload your responsesUsing labelled scatter diagrams, explore the relationship between Quarter 1 projected revenue and that of Quarters 2, 3 and 4, pointing out any differences between them.
- Evaluate the firm’s short-term solvency for 2008 by computing: a. Working Capital b. Current Ratio c. Acid-test/Quick RatioExplain the significance of at least six general key performance indicators (KPIs) from anywhere in the revenue cycle.Demand Planning at Coca-Cola: What’s the Secret Formula?If only it were that simple to sell 1.7 billion servings of sugared water a day. But, like just about every big corporation with a complex, global supply chain, Coca-Cola battles constantly to align its various disciplines and their diverging priorities.“Plants want to run as much as possible. Sales wants to sell more. Marketing assumes huge successes. Logistics and procurement are on their own. Finance is saying no to everything,” said Rob Haddock, group director of planning with Coca-Cola Refreshments (CCR). Sound familiar?To be sure, The Coca-Cola Company has sought to streamline and simplify a supply chain that historically was fragmented by its very nature, with production and bottling carried out by separate entities. CCR was formed in 2010, when Coca-Cola acquired the North American business of CocaCola Enterprises, its largest bottler. The sales and operations side was branded as CCR, which also took in the majority of…
- Sticky Fingers Inc. produces packing and masking tape. Last year’s annual report has been compiled, and you are in charge of business analysis for the year. The company had a goal for inventoryturnover of 6 for last year. The actual results were cost of goods sold of $400,000, beginning inventory of $50,000, and ending inventory of $70,000. What was the actual inventory turnover, and atwhat percent did the firm achieve its goal?Robotic Pet Products uses overtime, inventory, and subcon-tracting to absorb fluctuations in demand. As expected, de-mand in the fourth quarter during the holiday season isparticularly high, followed by first quarter demand forcustomers purchasing accessories for their R-pets. Giventhe demand and available capacities shown below, design aproduction plan that will satisfy demand at minimum cost.Regular production cost per unit $10Overtime production cost per unit $15Subcontracting cost per unit $20Inventory holding cost per unit per period $3Beginning inventory 100 Regular Overtime SubcontractingQuarter Demand Capacity Capacity Capacity1 1000 1000 100 5002 800 1000 100 5003 600 1000 100 5004 2600 1000 100 500How do I do this? Down Creek Boots (DCB) is a boot manufacturer (fictitious) that focuses on making high-quality leather work boots, with prices ranging from $200-$350. After being successful in this market for over 30 years and developing a positive brand reputation and loyal customers, DCB has decided to broaden their line to include leather hiking boots. While these share some characteristics with work boots, the design will be slightly different and different soles will be used. They are fairly confident annual demand will be between 30,000 and 40,000 pairs in the first year, and expect a 10% growth rate in sales for the next few following years. However, in their plant in Minnesota, DCB currently has little excessive capacity. Thus, to make the new boots, DCB will either need to expand their plant, or outsource production to another boot maker. If they outsource production of the boots, they will outsource production to a firm that has the manufacturing capability to produce them…