MH0054

A. K

Master of Business Administration in Healthcare Services Semester 3 MH0054 Finance, Economics and Materials Management in Healthcare Services (4 Credits) (Book ID: B1215) Assignment Set- 1 (Marks 60)

Q.1. Write short notes on significance of financial information in the field of decision making in healthcare organizations [6 Marks] Information in the Decision-making Process Today hospitals need financial information systems that could be rolled out at each institution not only improved overall efficiencies, but also provided the flexibility necessary to support future growth. The major function of financial information is to oil the Decisionmaking process. Figure 2.1 shows how it happens. In Figure 2.1, the hospital authorities make use of the information provided by the financial statements, in this case, financial forecast of a proposed Ambulatory Surgical Center (ASC). On the basis of this information, the authorities can decide whether or not, it will be feasible to develop the ASC. The next step is the implementation of the decision. Let us suppose that in this case, the authorities decide to go ahead with the ASC. As a result to it, the organisation incurs losses. How did the authorities come to know about these losses? Obviously through the financial information disseminated. And how do the organisation decide about the next step? Gain the same method. By looking into the financial information, the authorities can analyse the problem areas for revenue and can either improve ASCs financial performance in the next year or continue to bear the losses (only if they seem to be inevitable for some initial years) or do away with the center. Rapid growth of healthcare facilities providing direct medical services has substantially increased the number of decision-makers who need to be familiar with financial information. Effective decision-making in their jobs depends on the accurate information of the financial information. Many healthcare decision-makers involved directly in healthcare delivery doctors, nurses, dieticians, pharmacists, radiation technologist, physical therapists, inhalation therapists are medically or scientifically trained but lack education and experience in business and finance. However advancement and promotion within healthcare organisation increasingly entails assumption of administrative duties requiring almost an instant knowledgeable understanding of financial information.

Q.2. Write short notes on the following: [4 Marks] (a) Depreciation (b) Amortization

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Q.3. Role of TPA in Health insurance. Discuss [10 Mark] Q.4. Illustrate different types of costs [10 Marks] Q.5. Explain types of taxes and methods of managing taxes [10 marks] Q.6. You are working as a financial executive of XYZ hospital, you are asked to prepare financial statement for the organization. [20 Marks] (a) What do you think you need for the preparation of financial statement? (b) What budgetary control measures you would suggest for the hospital.

Master of Business Administration in Healthcare Services Semester 3 MH0054 Finance, Economics and Materials Management in Healthcare Services (4 Credits) (Book ID: B1215) Assignment Set- 2 (Marks 60)

Q.1. Write short notes on the following: [10 Marks] (a) Planning commission in India. (b) Five year plans

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Q.2. List health care expert committees in India and their recommendations.[10 Marks] Q.3. Discuss role of Primary health care. [10 Marks] Q.4. Imagine you are the health economist in ABC hospital. [ 20 Marks] (a) What are the things you should take care while conducting economic evaluation (b) How do you think economic evaluation helps in decision- making. Q.5. What are the present market condition of healthcare in India. What do you think are the competition they are facing and write briefly about which market healthcare belong to? [10 Marks]