FINANCIAL MANAGEMENT La’Kesha Wright HCS/405 09/16/2012 Sherida Douglass Introduction The role of financial management in health services primary role is to secure the financing need to meet an organization operating objectives. The role of the financial manager is to plan for‚ acquire‚ and utilize capital to maximize the efficiency and value of the organization. Four Elements “The four elements of financial management are: planning‚ controlling‚ organizing and directing‚ and decision
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the health care insurance industry. A group of 20 doctors are considering forming a new medical group and have asked you to prepare a report on whether they should build a facility in an area within 30 miles of the downtown center of your 500‚000 population city for $100 million dollars. Prepare a report for the management team of the doctor’s group on your proposed $100 million expenditure plan reflecting on the key course objectives including the financial‚ legal‚ alternative health care models
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1) What role does Congress play in the formulation of health policy? Congress plays a major role in development of health policy: * Medicare * Medicaid * Veterans affairs * National institutes of health * Health care reforms * Authority spread across several committees * Involvement includes regulatory‚ programmatic‚ financing‚ and oversight 2) How does Congress operate? The United States Congress consists of the Senate and the House of Representatives. The Congress
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Health care policies are rules and guideline to cover health related issues. Public health‚ preventative health and long term health such as an organ transplant are major factors in healthcare policy. According to healthcare law health policy is defined as “The aggregate of principles‚ stated or unstated that……….characterize the distribution of resources services and political influences that impact that health of the population.”(SHI@Singh‚ 2008 p.534). Healthcare law involves rules and regulations
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allow him to take vitals‚ treat wounds‚ administer some injections under the supervision of physicians‚ and in a hospital setting monitor patients on catheters and oxygen provisions. Additionally‚ Jerry is a medical assistant and is a multi-skilled health care professional who assists with administrative‚ clerical‚ and technical support in relation to helping the physician. The scope of Jerry’s training is limited to all of the above mentioned duties and none of them mention that he can administer medications
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successful Disease Management Programs from real life. Why were these programs successful? Can they be replicated in other settings? What are the challenges to replication? According to the Academy of managed care pharmacy‚ disease management programs are designed to improve the health of persons with chronic conditions and reduce associated costs from avoidable complications by identifying and treating chronic conditions more quickly and more effectively‚ thus slowing the progression of those
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providing sample‚ (3) age range of patients‚ and (4) pre-existing medical conditions of patients. The data is measured at an interval level. The sample for this study is 15 patients from a local health care facility waiting room. The population of the study is patients from the waiting rooms of all health care facilities in the state. The population is normally distributed before drinking coffee; because it has an even amount of data on either side of the mean. The population is slightly skewed to the
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Utilitarianism Utilitarianism is an ethical theory that assesses an action as morally right and just if it produces the most amount of net happiness. There are two forms of utilitarianism: act utilitarianism and rule utilitarianism. Act utilitarianism is the standard form‚ which considers all paths of the action that lead to immediate and long-term happiness‚ as well has the magnitude and how long the happiness will last. Furthermore‚ if all paths lead to the same amount of net happiness‚ each
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1. According to Sandel‚ utilitarianism fails to respect individual right and freedom (Sandel‚ 2009‚ p. 37). The issue with utilitarianism is that it will do whatever to maximize utility and anything to prevent pain or suffering (Sandel‚ 2009‚ p. 34). An example that was mentioned in the book was throwing Christians to the lions‚ as you can see it fails to respect the individual rights of the Christians. The lions and the crowd watching are maximizing their pleasure while the Christians are suffering
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Utilitarianism Classical Utilitarianism is a moral philosophy‚ which was developed in 19th century England by Jeremy Bentham‚ John Stuart Mill and Henry Sidgwick. The essential feature a utilitarian reside in‚ is the notion that an action is right if it produces the most amount of happiness well limiting suffering. Utilitarianism focuses solely on the consequences of the action‚ in an attempt to bring about the most happiness from each situation‚ well ensuring everybody’s happiness is equally
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