Health Care Financial Accounting HCS/405 January 28‚ 2013 Diana Schilling Health Care Financial Accounting In the United States‚ organizations are financially accessible because of many years of financing cuts‚ reductions in Medicare payments imposed by Balanced Act of 1997‚ decreases in Medicaid reimbursements‚ and the lowering stresses of controlled care (University of Phoenix‚ 2013). Organizations and other health care facilities should organize cautiously when the situation comes to
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Economic Issues Simulation Eric Massingill HCS/440 April 2‚ 2014 Jennifer Jenson Economic Issues Simulation Castor Collins Vice President Mary Mulanax has been asked to come up with a strategy and financial plan for the corporation. The duties she is faced with is setting pricing plans and insurance premiums for companies and their work force. During this time Castor Collins has been approached by two different companies looking to get insurance for their work force. The companies have a set
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Reporting Practices and Ethics HCS 405 May 07‚ 2012 Reporting Practices and Ethics Ethical standards and reporting practices are incorporated into the financial reporting and management of health care. Reporting financial data fairly and factually is quintessential to this. Responsible financial planning can prevent capital loss through investments‚ employees‚ and customers. Financial reporting offers assistance in calculating: amounts‚ cash flow‚ timing‚ and other data essential to organizational
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Simulation Review Angel Falcione Mark Williams January 19‚ 2015 Simulation Review Introduction In this paper I will discuss the financial accounting decisions made while participating in the simulation review at The Elijah Heart Center Hospital. According to financial indicators of the simulation‚ the best choices need to be made in the areas of capital shortage‚ purchasing new medical equipment‚ and funding options for capital expansion. I will also include a summary and conclusion that discusses
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Ethics Case Study Jerry McCall is Dr. Williams’ office assistant. He has received professional training as both a medical assistant and a LPN. He is handling all the phone calls while the receptionist is at lunch. A patient calls and says he must have a prescription refill for Valium‚ an antidepressant medication‚ called in right away to his pharmacy‚ since he is leaving for the airport in thirty minutes. He says that Dr. Williams is a personal friend and always gives him a small supply of Valium
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Reporting Practices and Ethics Paper HCS/405 November 25‚ 2013 Jay Christensen Reporting Practices and Ethics Financial Management is a fundamental part of successful healthcare financial planning. Financial decisions are a necessary part of day to day operations of any size or type of health care facility. These decisions are made in accordance with the facilities fiscal objectives and accounting practices. It is important that the individuals making these decisions follow proper reporting
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Simulation review paper Cecilia McDaniel HCS 405 May 04‚ 2011 LaDonna Latney Battle Simulation review paper * Cecilia McDaniel will discuss some financial accounting options for the Elijah Heart Center through a working capital shortage‚ and evaluate some funding options for acquiring medical equipment‚ and capital expansion. * Cecilia McDaniel goal is to decide the most effective strategy to solve the cash flow situation at Elijah Heart Center. However‚ the two major factors put
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Review Questions Name ________John Bailey__________ Answer the following questions (you may use MS Project Help): 1) What are the three base calendars included in MS Project and what are the default values of each? Standard - Default base calendar‚ Monday to Friday‚ 8 to 5‚ lunch noon to 1. This is the default base calendar used for the project‚ for tasks and for resources. Night Shift - Usually for graveyard shift‚ 11 PM to 8 AM‚ five days a week‚ lunch 3 AM to 4AM. 24 Hours
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Reporting Practices and Ethics Paper Tiffany Swartz HCS/405 Todd Brown November 19‚ 2012 Introduction Financial management in the area of healthcare has been an ever changing area. There are generally accepted principles and ethical codes that must be followed when dealing with finances‚ and healthcare facilities must be successful in this aspect for the facility to operate smoothly. This paper will discuss the four elements of financial management‚ some generally
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What inpatient and outpatient health care facilities exist in the U.S.? What value do these facilities provide to community health care? Outpatient care is any health care service provided to a patient who is not admitted to a facility. Outpatient care may be provided in a doctor’s office‚ clinic‚ the patient’s home or hospital outpatient department. Outpatient treatment in a doctor’s office or clinic‚ often supplemented by medications administered at home‚ remains the norm for most routine care
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