Innocent, Unaware Third-Parties

In: Business and Management

Submitted By dinosac
Words 1368
Pages 6
“Ruger Clinic”

Healthcare Finance – HSA525:

An Introduction to Accounting and Financial Management

May 1, 2011

Instructor Feedback Grade: 320 out of 320; Comments: Hi, Excellent job on the Ruger Clinic assignment.


This paper discusses the following topics: value of the cost pool; The Housekeeping Service department of Ruger Clinic scenario; cost-volume-profit (CVP) analysis; capitation rates: fee-for-service approach; cost approach, and demographic approach, and conventional versus zero-based budgeting. Key words: cost pool value, cost-volume-profit (CVP) analysis; capitation rates: fee-for-service; cost, and demographic approaches, and conventional versus zero-based budgeting.

Ruger Clinic

1. What is the value of the cost pool? A cost pool is “a grouping of costs that must be allocated” (Gapenski, pg 165) but “it may be beneficial to separate the costs of that support department into multiple pools” (Gapenski, pg 166) if services of the support department differ substantially. For our scenario the value of the cost pool is $100,000 in direct total costs of the Housekeeping Services department.

2. What is the allocation rate if: a) Patient services revenue is used as the cost driver? The formula for the allocation rate when patient services is used as the cost driver looks like this: Patient Services Revenue: $100,000 (direct costs) / $ 5,000,000 (patient revenue) = $0.02 per revenue dollar (allocation rate). Per Gapenski on page 177, “The patient services department heads are being fairly charged for Housekeeping services, and more importantly, patient services managers can take actions to lower the allocated amounts by reducing the amount of these services used.” b) Hours of housekeeping services is used as the cost driver? The formula for the allocation rate…...

Similar Documents

Third Party Mediation in Conflict Resolution

...THIRD PARTY MEDIATION IN CONFLICT RESOLUTION Introduction The contemporary international system has witnessed dramatic increases in numerous conflicts. Specifically, of the six continents in the world, not even one is immune to one form of violent conflicts or the other. Of all efforts to explain the causes of these conflicts, a growing body of research findings highlights the association between economic deprivation and conflict. (Gurr 1970; Elbadawi 1992; Collier and Hoeffler 1998; Stewart 2002; Deiminger 2003; Justino 2004). Thence, circumstances of gross economic denial, together with social, political, and environmental factors precipitate conflict. Third party mediation in Conflict Resolution has gained a considerable and increasing attention from academics and policy makers. There is plethora of literature on the role of third party in conflict resolution. Due to the complexity of the discipline, conflict resolution seems to be a relative term that can mean either conflict prevention or conflict management. Likewise, debates ensued as to why a third party mediates in conflicts. For instance, people marvel why the ‘coalition of the willing’ intervened in Iraq over the unproven existence of weapons of mass destruction but not in North Korea that admitted having the weapons. In addition, NATO intervened in Kosovo, but not in Bosnia, the UN sent troops to halt ethnocide in East Timor but had done nothing to prevent same from happening in Rwanda. More ...

Words: 3106 - Pages: 13

Third Party Conflict Resolution

...Third Party Conflict Resolution January 17, 2013 Third Party Conflict Resolution In the negotiation process, the use of third-party conflict resolutions often comes into play when parties cannot seem to reach an agreement regarding resolving mutual interests. These types of third-party conflict resolutions are: arbitration, collaboration, litigation and mediation. For the Seatcor Manufacturing Company, the use of third-party conflict resolution is necessary. The researchers of Team A have reported collaborative ideas of this case by (1) analyzing the possible intervention strategies, (2) applying what is thought to be the best strategy, (3) explained how the best strategy should resolve the conflict, and (4) developed a contingency plan in case the best strategy does not work, or is rejected. Intervention strategies Possible intervention strategies include negotiation, mediation, arbitration, litigation, collaboration and hybrids. Two types of hybrid intervention strategies are mediation – arbitration and arbitration-mediation. • Negotiation - There are four elements to the negotiation process, which include managing interdependence, engaging in mutual adjustment, creating or claiming value, and managing conflict. Negotiations consist of two or more parties be that individuals, groups, or organizations. A conflict of needs and desires exist between parties and the parties chose to negotiate. Parties expect a “give and take” process that is......

Words: 1784 - Pages: 8

Financial Supervision of Third-Party Payment Based on Evolutionary Game

...Financial Supervision of Third-party Payment Based on Evolutionary Game Zhenyuan Zhu School of Management Tianjin University, Tianjin, 300072, China Abstract: Under the assumption of low rationality, this paper establishes the Evolutionary Game model between the supervision departments of third-party payment and operators of third-party payment platform, studying the replicator dynamics equations and the procedure of dynamic evolutionary. Also it draws the conclusion that there is no evolutionary stable strategy based on the analysis of Jacobian Matrix. Furthermore, this paper gives strategies concerning both colonies to regulate the third-party payment market. Keywords: evolutionary game, third-party payment, financial supervision I. INTRODUCTION With the web technology and E-commerce thriving across the mainland, the expanding speed of Chinese third-party payment market (hereafter be shorted as “the Market”) has accelerated to a striking level. According to the Report on Development State of Chinese Online Payment Industry 2010-2011 conducted by, the Market’s trading scale has raised to 353.7 billion RMB during the fourth quarter of 2010, increasing 129.4% year-on-year and 32.6% period-on-period. [1] Meanwhile the governmental supervision of third-party payment platform (hereafter be shorted as “the Platform”) remains vacant, leaving a risk of misappropriation with the numerous amount of sedimentary money preserved by......

Words: 2591 - Pages: 11

Innocent 16% of KFC's target savings for 2009. • Separately, KFC is reported to be suing one of Its suppliers in the US over concerns that some of its packaging could catch fire when reheated in a microwave. Lighter cartons for Innocent smoothies by Catherine Dawes Innocent has moved its onelitre smoothies into lighter cartons with a new no-membrane lid, to save 20 tonnes of plastic a year. The Tetra Rex cartons are 8% lighter than before, saving around 100 tonnes of cartonboard a year, and have been launched as Innocent also introduces its first FSC-certified packaging, for its children's wedges. Previously, under each cap, there was a foil-laminate membrane that had to be removed using a ringpull before the drinks could be poured. Innocent explained in a statement: "Since our smoothies need a good shake first, Innocent: Tetra Rex cartons are 8% lighter than previously that sometimes resulted in stuff getting splashed when you pulled the seal ofT" The new screw caps create an effective seal without the need for the additional mcmthey will save 20 tonnes of plastic a year. "We did loads of testing with the new caps and taste and shelf life are the same," said packaging, processing and purchasing brane,and Innocent estimates team leader Simon Oxley. RPC's refillahle miiic jug roiied out across country by Catherine Dawes Dairy Crest's refillablc milk jug, Jugit, is to go on sale in more than 200 Sainsbury's and Waitrose stores......

Words: 994 - Pages: 4


...De Marketing mix, 4 p’s van INNOCENT DRINKS 1. Product - geen duurzaam goed, je kan het maar eenmaal gebruiken (weet niet precies of dit er bij moet?) Kernproduct. De kern van Innocent drinks is de nood aan een gezond, vers, fruitig drankje. Dit zijn onze smoothies. Omdat niet iedereen dol is op dezelfde vruchten, heeft Innocent ze van verschillende vruchten gemaakt. Of je nu van de frisse en zure smaak van cranberries houdt, of van de zoete en tropische smaak van mango’s en kokosnoten, er zit er vast eentje tussen die je lekker vindt. Al onze smoothies zijn 100% natuurlijk. Ze bevatten geen geur-, kleur- en smaakstoffen, conserveringsmiddelen, geconcentreerde sappen of andere onnatuurlijkheden die niet in gezonde drankjes horen. Eén innocent smoothie is goed voor je Aanbevolen Dagelijkse Hoeveelheid fruit. Materieel product. Innocent hecht enorm véél belang aan het materieel product. Dit qua keuzes voor grondstoffen, verpakking, personeel,... een overzicht. 100% natuurlijke drankjes Innocent wilt graag 100% natuurlijke, gezonde en duurzame smoothies maken. Smoothies die goed smaken en waar je lichaam blij van wordt. Daarom gebruiken ze geen conserveringsmiddelen, geur-, kleur- en smaakstoffen of andere onnatuurlijke E-honderdnogwatnummers. Omdat het bedrijf graag dingen natuurlijk, zuiver en gezond willen houden hebben ze zichzelf innocent genoemd; onschuld Verantwoorde ingrediënten Innocent koopt hun fruit zoveel mogelijk bij plantages die......

Words: 1725 - Pages: 7

Compliance of X.509 Certification Standard in the Implementation of Third Party Certification in Malaysian E-Commerce Websites

...42 Compliance of X.509 Certification Standard in the Implementation of Third Party Certification in Malaysian E-Commerce Websites Compliance of X.509 Certification Standard in the Implementation of Third Party Certification in Malaysian E-Commerce Websites Syahida Hassan Mohd Khairudin Kasiran Graduate Department of Information Technology Universiti Utara Malaysia, Sintok Kedah, Malaysia Abstract The concept of trusted services forms a key issue for any kind of electronic services. Third Party Certification (TPC) endorsement has been used as one of the methods to instill consumers’ trust. Creating initial trust through implementation of TPC is very important because the consumer has a tendency to trust brand names.. This paper looked closely at the implementation of the TPC in Malaysia which reveals that there are many problems related to the implementation of these seals. Problems like the awareness of merchants on the important of third party seals to their business, unverifiable endorsement, misleading link, unauthorized use of logos and no endorsement at all are still there in Malaysian environment. Based on this fact, the paper will focus on how far the implementation of third TPC is complied with X.509 certification standard. The output of this study can give an important background on the current implementation of TPC and be used as a basis of initial evaluation for business opportunity as a service provider for this kind......

Words: 4718 - Pages: 19


...Three Cambridge graduate friends, Adam Balon, Jon Wright and Richard Reed started up Innocent Drinks in 1999. They developed a range of premium smoothies containing 100% natural fruit. The British based company now is one of the best-loved and fastest growing businesses in Britain. The company has a range of different recipes and is distributed via supermarkets (including Tesco, Sainsbury’s and The Co-operative), coffee shops (including Starbucks) and health cosmetic retailers (including Boots) they are also expanding into other countries with drinks being sold in France, Germany and Belgium. The company has become known of its credentials, such as that it pays a premium for fruit, recycles its bottles and probably most significantly, Innocent’s profits are donated to charity each year and into The Innocent Foundation. However it was a difficult start up, Griseri points this out: ‘The entrepreneurs behind Innocent had difficulties in finding funding for their business idea, but the company soon became successful and held 20 per cent of a market worth £20 million’. The British based company Innocent Drinks is one of the best-loved and fastest growing businesses in Britain. Innocent Drinks is now a well-loved and known lifestyle brand that provides brilliantly designed, healthy and fashionable under its brand identity. Innocent Drinks has achieved unparalleled success in the UK as the foremost player in the smoothies sector. This case study looks at the smoothies category in...

Words: 304 - Pages: 2

Contracts (Rights of Third Parties) Bill

...Contracts (Rights of Third Parties) Bill Bill No. 36/2001. Read the first time on 25th September 2001. An Act to make provision for the enforcement of contractual terms by third parties.  Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows:   Arrangement of Provisions [ Jump to: Front Page / Arrangement of Provisions / Actual Provisions]   1 Short title and commencement 2 Right of third party to enforce contractual term 3 Variation and rescission of contract 4 Defences, etc., available to promisor 5 Enforcement of contract by promisee 6 Protection of promisor from double liability 7 Exceptions 8 Supplementary provisions relating to third party 9 Arbitration provisions EXPLANATORY STATEMENT EXPENDITURE OF PUBLIC MONEY COMPARATIVE TABLE   Actual Provisions [ Jump to: Front Page / Arrangement of Provisions/ Actual Provisions ] Contracts (Rights of Third Parties) Bill Bill No. 36/2001. Read the first time on 25th September 2001. An Act to make provision for the enforcement of contractual terms by third parties.  Be it enacted by the President with the advice and consent of the Parliament of Singapore, as follows: Short title and commencement 1.—(1)   This Act may be cited as the Contracts (Rights of Third Parties) Act 2001 and shall come into operation on such date as the Minister may, by notification in the Gazette, appoint.  (2)   Subject to subsection (3), this Act shall not apply in relation to a...

Words: 5280 - Pages: 22

Third Party Debt Collection

...Geoffrey Giles Debt collection through the use of a third party as is the case in this article is explained to be quite beneficial with the advantages out weighing the disadvantages by a notable margin. Rather than waiting or trying to collect the debt themselves or performing an “In House” debt collection, these third party entities are able to go out and promptly recover the debt from these anonymous parties, thus eliminating or at the very least narrowing the possibility of higher consumer prices and borrowing costs, all the while relieving stress on the government as well, since all these uncollected taxes, fines and debts put a notably significant strain on the government budget as a whole. Though unfortunately it doesn’t quite end there, as these events ricochet towards business failures and even further job loss. Businesses both large and small will reap the benefits on gathering all these previously uncollected debts, as they will see their bad debt cost kept down, thus reducing their respective risk of financial insolvency and ultimately bankruptcy. And all of this is to say nothing of these third party agencies providing employment themselves, in the sum of roughly one hundred and thirty thousand jobs, and indirectly supports the employment of thousands upon thousands more through their actions. While some would argue that they are richly compensated for their actions, the advantages of using these third party debt collectors. Of the incredibly significant fifty......

Words: 759 - Pages: 4

Third Party Risk Management

...Third Party Risk Management:  Job Description  Intern-S15HEINTNG-IIMUDescriptionAbout Deloitte “Deloitte” is the brand under which tens of thousands of dedicated professionals in independent firms throughout the world collaborate to provide audit, consulting, financial advisory, risk management, and tax services to selected clients. These firms are members of Deloitte Touche Tohmatsu Limited (DTTL), a UK private company limited by guarantee. Each member firm provides services in a particular geographic area and is subject to the laws and professional regulations of the particular country or countries in which it operates. DTTL and each DTTL member firm is a separate and distinct legal entity. Each DTTL member firm is structured differently in accordance with national laws, regulations, customary practice, and other factors and may secure the provision of professional services in their territories through subsidiaries, affiliates, and/or other entities. In the United States, Deloitte LLP is the member firm of DTTL. Services are primarily provided by the subsidiaries of Deloitte LLP, including:• Deloitte & Touche LLP• Deloitte Consulting LLP• Deloitte Financial Advisory Services LLP• Deloitte Tax LLP In India, Deloitte LLP has the following indirect subsidiaries: Deloitte & Touche Assurance & Enterprise Risk Services India Private Limited, Deloitte Consulting India Private Limited, Deloitte Financial Advisory Services India Private Limited, Deloitte Tax Services......

Words: 2464 - Pages: 10

Are Third Parties Doomed to Failure in the Usa

...Are third parties doomed to failure in the USA? The success of third parties within the US can strongly be argued, in that they are ’doomed to failure’, in particular through recent years. This can be explained due to the vast sum in financial demands in which third parties cannot meet due to the inability to gain credible reconciliation to obtain huge sums of funds, and thus continue to live in the shadow of the Republicans and Democrats; two growing leading parties. Also, other factors like state legislation which encourage third party barriers, such as evidently shown in New York were for a party to be placed on the ballot paper it must reach a certain number of signatures. Through the electoral system of FPTP encouraging a two party system, and the two leading parties being seen as ’umbrella parties’ in which there is little room for a third party to offer an ideological stance on policies which has not already been covered. Means it is highly unlikely for a third party to succeed as evidently shown within the debates in 2000 with Gore verses Nader, where straight ticket voting also contributes to the third party failures. However, third parties must be credited in that it has proven to be worthy of success, like in 1996 where Jess Ventura was elected governor of Minnesota. Third parties are largely disadvantaged and doomed to fail due to their inability to raise a substantial amount of funds or ‘war chest’. this is firstly, simply down to the matter of third......

Words: 1124 - Pages: 5

Third Party

...[pic]Third Party Insurance In India, under the provisions of the Motor Vehicles Act, 1988, it is mandatory that every vehicle should have a valid Insurance to drive on the road. Any vehicle used for social, domestic and pleasure purpose and for the insurer's business motor purpose should be insured. Insurance is a contract whereby one party, the insurer, undertakes in return for a consideration, the premium , to pay the other, the insured or assured, a sum of money in the event of the happening of a , or one of various ,specified uncertain events. Insurance developed from the fourteenth century as a means of spreading huge risks attendant on early maritime enterprises; life and fire insurance developed later. The main classes of insurance are life and other personal insurance, marine insurance, accident or property insurance and liability insurance when the sum becomes payable when legal liability is incurred as for personal injuries or professional negligence to another. Motor third-party insurance or third-party liability cover, which is sometimes also referred to as the 'act only' cover, is a statutory requirement under the Motor Vehicles Act. It is referred to as a 'third-party' cover since the beneficiary of the policy is someone other than the two parties involved in the contract i.e. the insured and the insurance company. The policy does not provide any benefit to the insured; however it covers the insured's legal liability for death/disability of third party loss......

Words: 3647 - Pages: 15

Total Quality Management - What Is the Difference Between Supplier Quality Audit and Third Party Quality Audit

...what measures do you suggest to improve the present hotel rating system in India? CASE 04: IMPLEMENTING QUALITY MANAGEMENT SYSTEM AT HYUNDAI MOTORS 1. Why did Hyundai decide to implement the QS 9000 system? 2. What is the difference between ISO 9000 and QS 9000? 3. Explain the QS 9000 system. 4. What were the benefits of QS 9000 implementation at Hyundai? CASE 05: Supplier Quality Audit at Tata Motors 1. What were the challenges faced by TATA Motors while selecting its suppliers for India? 2. What were the reasons for setting up a supplier quality team at TATA motors? 3. What was the approach followed by the supplier quality audit team? 4. What is the difference between supplier quality audit and third party quality audit? Need Answer Sheet of this Question paper, contact ARAVIND – 09901366442 – 09902787224...

Words: 338 - Pages: 2

Third Party Relationship Policy

...Third Party Relationship Party Vendor/third party relationships are an important part of ___FCU’s core purpose. It is necessary and prudent that ___FCU establish and manage these types of relationships in order to strategically provide services and products we could not provide on our own. This policy will provide reasonable assurance that management is appropriately managing contracted critical vendor relationships for a maximum benefit with the least amount of risk. Senior management must ensure that all risks have been taken into consideration along with the benefits to the CU and its members, and that the risks and returns are acceptable. Careful consideration must be given to the potential risks of these relationships and how best to manage them in specific regard to the amount of control given to the vendor vs. related risks in a given situation. The length of time ___FCU has worked with a vendor will directly influence the components and depth with which a relationships in which our expectations have been met. Critical Vendor The Board has defined a “Critical Vendor” as a vendor that provides a unique service of high importance to ___FCU that cannot be easily replaced in the event the vendor is no longer able to perform. Planning and Assessment ___FCU will use the Service Provider spreadsheet to document all risk assessments. Critical vendors: There must be planning and an initial risk assessment prior to entering into any new critical vendor......

Words: 456 - Pages: 2

Third Party Logistics

...Slide 7: Asset Based 3PL An asset based service holds many supply chain management "assets". These assets may include anything that is pertaining with supply chain management, including technology systems, truck fleets, vehicles, aircraft, warehouses, warehousing equipment, forklifts etc. As you can see you would be restricted to using the assets that this third party logistics company suggests. There is no doubt you will be better off then before, but here is the real question to ask yourself: How do I ultimately know I am getting the best value available out there? Can you also see how this conflict of interests could pose a problem when it comes to handling claims resolution if they are using their own trucks and equipment. Pretend for a moment that if you had a claim on damaged freight, would you feel at ease with the idea that your claim would be handled in the shortest time and reimbursed for the highest value possible? Slide: 7 Non Asset Based 3PL This 3PL performs all of the services of a third party logistics service such as quoting freight, scheduling pickups and deliveries, routing, and auditing, but doesn't need to own all of the transportation assets that an asset based 3PL would own. Instead, this type of 3PL usually possesses only desks, computers, and freight industry expertise. Now you can see why they are referred to as "transportation consultants". Now this is an important point to dwell on, since a non asset based 3pl is not restricted to using any......

Words: 748 - Pages: 3