Reporting Practices and Ethics Paper Mary Kaiser HCS/405 Health Care Financial Accounting July 7‚ 2014 David Albalat Reporting Practices and Ethics Paper Introduction In this paper‚ we will discuss the financial reporting aspects of accounting and what ethical standards are being met by the health care industry. Our discussion leads us to the four fundaments accounting principles‚ the generally accepted accounting principles‚ and the financial ethics of accounting and the code of ethical behavior
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1. Identify the 3 reasons hospitals merged or were consolidated. Discuss the impact these actions had on cost for the organizations. • There are 3 reasons that hospitals merged or consolidated and they are: drawing on the strengths of the other facility‚ seek help with struggling finances‚ and the gain of a demographic advantage that makes it more convenient for patients to travel to (healthcarefinancenews.com‚ 2013). This would impact the hospital by helping those hospitals struggling to make
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HCS 405 Week One Health Care Financial Terms Worksheet Understanding health care financial terms is a prerequisite for both academic and professional success. This assignment is intended to ensure you understand some of the basic terms used in this course. Complete the worksheet below according to the following guidelines: • In the space provided‚ write each term’s definition as used in health care management. You must define the term in your own words. • In the space provided after each
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Skalski HCS/405 Health Care Financial Accounting University of Phoenix- AXIA Instructor Sherida Douglass November 19‚ 2012 Simulation Review Essay The Elijah Heart Center is facing the financial distress common in specialized health care organizations. This is the combination of the need for improved technology‚ a reduced income‚ and the demand for expansion. Without the needed technology and expansion‚ there is little that the hospital can do to improve the income. The financial situation
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Simulation Review Janette E. Guevara HCS/405 August 26‚ 2013 Todd Brown Simulation Review I have been brought in as a financial advisor to assist Mr. Gilbert Sanchez‚ CEO at Elijah Heart Hospital (EHC) to find some cost efficient ways to continue to provide quality care but at the same time reduce costs for the organization. EHC is a hospital that specializes in Cardiac surgeries and procedures. They would like to expand and have a promising growth in patients as well as revenue‚ but with
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In this file of HCS 483 Week 1 Healthcare Information System Terms you will find the next information: Consider the following scenario: Health Care - General Health Care You have been selected to participate in a prestigious internship in a health care organization by working for the chief information officer (CIO). Your internship will consist of a series of projects you will complete throughout this course. In your first meeting with the CIO‚ she says‚ “I am giving an important
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$130‚026 Assets $8‚380 Liabilities 15.52 to 1 $128‚867 Assets $23‚807 Liabilities 5.41 to 1 $130‚026 Assets $8‚380 Liabilities 15.52 to 1 $128‚867 Assets $ 23‚807 Liabilities 5.37 to 1 Quick Ratio Quick Ratio Quick Ratio Quick Ratio $41‚851 $37‚666 $79‚517 / $8‚380 9.49 to 1 $22‚995 $59‚787 $82‚782 / $23‚807 3.48 to 1 $41‚851 + $37‚666 / $8380 9.49 to 1 $22‚995 + $58‚787 / $23‚807 3.44 to 1 Days Cash on Hand Days Cash on Hand Days Cash on
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De’Anna Andrew HCS/405 March 25‚ 2015 James Taylor Simulation Review Large health care organizations‚ particularly non-for-profit hospitals‚ come face to face with swelling difficulties handling cash flow every day. These struggles can be due to variations in economic climate and billing. Research tells us that the cash flow‚ hospitals would normally use for capital expenses‚ are frequently being used to pay for operating costs (Ziegler‚ 2008). Functioning as such‚ causes risky financial circumstances
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Reporting Practices and Ethics Deanna L. Thomas HCS 405 March 8‚ 2015 David Albalat Reporting Practices and Ethics The four elements of financial management are planning‚ controlling‚ organizing and directing‚ and decision making. These four elements will be defined and explained in this paper. Also emphasized will be the accepted accounting principles and the general financial ethical standards. Examples of ethical standards of conduct and financial reporting practices will be explored and notated
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Literature Review in Research: An Annotated Bibliography University of Phoenix‚ HCS 465 March 4‚ 2013 Strunk‚ J. (2008). The effect of school-based health clinics on teenage pregnancy and parenting outcomes: An integrated literature review. The Journal of School Nursing‚ 24(1)‚ Retrieved from: http://dx.doi.org.ezproxy.apollolibrary.com/10.1177/10598405080240010301 This research study was conducted to determine if school-based health clinics in the United States can provide effective support
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