Training Guide Template
Blackstone Hospital
Module 1: Our Structure
Module 2:
Who We Serve
Module 3:
Financial Performance
Module 4:
Reporting Requirements
New Employee Training Guide
Alt-text: Hospital building
Welcome to Blackstone Hospital
Instructions from the Project Manager and Web Developer: We will use your responses and examples in this guide to create a web-based online training for new managers at Blackstone Hospital. Please utilize your expertise to address the following in the spaces provided below. The textboxes will expand as you type, so please ensure you provide sufficient information, and insert images or text to refer to examples in each response.
Module 1: Our Structure
Describe similarities and differences among ownership in nonprofit and for-profit healthcare organizations. Provide an example that describes how ownership impacts the organization’s financial data and reports and, therefore, operational decision making by healthcare managers.
Module 2: Who We Serve
Describe similarities and differences among the populations served in nonprofit and for-profit healthcare organizations. Provide an example that describes how the populations served impact the organization’s financial data and reports and, therefore, operational decision making by healthcare managers.
Module 3: Financial Performance
Describe similarities and differences among the financial data and reports that are created and used to report the financial performance of nonprofit and for-profit healthcare organizations. Provide examples of revenue and expenses from line items on the financial statements.
Consider the following in your explanation:
· How do sources of revenue differ among nonprofit and for-profit healthcare organizations?
· What is the main expense difference among nonprofit and for-profit healthcare organizations?
· How do differences in revenue and expenses impact operational decision making from a managerial position?
Discuss how financial performance is assessed using ratio analysis in healthcare organizations. Identify three commonly used ratios in healthcare finance and describe what each ratio is used for.
Module 4: Reporting Requirements
Discuss the role of financial reporting for nonprofit and for-profit healthcare organizations. Consider the following in your response:
· What are the financial reporting requirement differences?
· How do healthcare managers use GAAP in the preparation and dissemination of their financial statements during the year-end financial statement audit?
· Why is it important for nonprofit healthcare organizations to meet guidelines, compliance, and accounting regulations? What about for-profit organizations?