Features of the Resident Fund Management Service
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Mark Sanfacon is the CEO of National Datacare Corporation, which provides patient financial account management services to over 6,000 nursing homes. National Datacare created the Resident Fund Management Service (RFMS) to offer a full-service solution for long-term care facilities. RFMS allows for direct debit payments from resident accounts to simplify billing. It also maintains regulatory compliance through daily transaction reports. The system separates resident and facility funds by automatically transferring medical fee payments from resident accounts to the nursing home operating account upon income deposit, while keeping personal allowance funds in individual resident accounts.
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This document is the official specimen exam paper for the ACCA F2 (Management Accounting) exam, specifically released for the June 2014 examination session. It has been published by the Association of Chartered Certified Accountants (ACCA) to provide students with a reliable and representative example of what to expect in the actual F2 examination. The paper includes a complete set of sample multiple-choice and structured questions that reflect the actual exam format, covering key topics such as budgeting, costing techniques, variance analysis, performance measurement, management information systems, and decision-making processes. Each question is designed to assess the candidate¡¯s ability to apply management accounting principles in practical business contexts, and to think analytically and strategically. By working through this specimen paper, students can familiarize themselves with the standard of questions expected in the ACCA F2 exam and gain insight into effective time management and question interpretation strategies. This document is especially valuable for revision and exam practice, and can also serve as a benchmarking tool for evaluating a candidate¡¯s readiness before taking the official exam. It is recommended that students attempt the paper under timed conditions and review the official model answers to identify areas of strength and improvement.Lakshmi Coin ($LUCK) | $LUCK | divine coin.pptx
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Lakshmi Coin ($LUCK) is a BEP-20 token on the Binance Smart Chain , inspired by Goddess Lakshmi to promote abundance and healing. Its mission is to blend spiritual and financial empowerment, supporting humanitarian causes and bridging ancient values with modern DeFi for real-world impact through giving. $LUCK is designed to feed the poor, help the sick, support communities, fund animal shelters and rescues, and provide for underprivileged children. It's part of "The Divine Tokens Ecosystem," which combines spirituality, DeFi, and Play-to-Earn (P2E) elements, with future plans for advanced game mechanics, multi-chain expansion, and an NFT marketplace.The S.T.A.R. Strategy: A Strategic Finance Framework for Healthcare, Infrastr...
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The S.T.A.R. Strategy is a cross-sector financial framework designed to align operational workflows with strategic financial planning in complex environments. Developed by Temilola Aderonke Onalaja, it has been adopted in healthcare systems, infrastructure projects, and executive trainings across Nigeria, Ghana, South Africa, and the UK¡ªdelivering measurable improvements in cost control, forecasting, and institutional risk management.
#Strategic planning in Africa,#Operational efficiency #Risk mitigation framework
#Healthcare finance #CFO tools #Public-private finance #Financial transformation
#Revenue cycle improvement #Infrastructure budgeting #Temilola Onalaja S.T.A.R. Strategy
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Features of the Resident Fund Management Service
- 2. ? A Virginia Tech alumnus, Mark Sanfacon leads National Datacare Corporation as its chief executive officer. Mark Sanfacon oversees the company¡¯s service to the more than 6,000 nursing homes that rely on National Datacare for patient financial account management. Focused on offering quality products that cater to the long-term care market, National Datacare created the Resident Fund Management Service (RFMS). The following are some features of the full-service solution.
- 3. ? 1. Ease of payment. RFMS allows nursing home residents to set up direct debits to automatically pay for facility services. This eliminates the manual process of writing and mailing checks and simplifies billing. 2. A reporting system that helps maintain regulatory compliance. RFMS runs statements every day a transaction is made. Detailed reports are available for an array of situations, from providing Asset Notification letters to issuing state-specific reports for Medicaid recertification.
- 4. ? 3. Separation of resident and institutional funds. The automated care cost payments feature splits recurring income payments for each resident. Funds required to pay medical fees are transferred from each resident¡¯s account when direct deposits of recurring income checks are received. These funds are automatically forwarded to a facility operating account thereby simplifying collections and ensuring timely payment. The resident allowance stays in the individual account for personal use.