Chapter 4 | Questions 4.3, 4.6, 4.9 (p. 139); | Problems 4.2, 4.4, 4.5 (pp. 140-141) | 4.3 * a.What are assets? Assets are items that either possess or create economic benefit for an organization. * b.What are the three major categories of assets? Current assets, long-term investments and net property and equipment. 4.6 * a.What is the difference between liabilities and equity? Liability is a fixed financial obligation of a business while equity is the book value of
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Determining Financial Viability The relationship between finance and accounting are very similar but they definitely have their differences. “Accounting and finance are the methodical or precise recording, reporting, and assessment of financial deals and transactions of a business. Accounting is an essential part of finance. Accounting produces information about the operations of a business. The end-product of accounting is composed of financial declarations such as balance sheets, income
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involve indirectly, or directly, the healthcare of the population. c. Healthcare finance consists of two broad areas of specialization: Accounting and Financial Management d. A healthcare finance book is unique to a regular finance book. Healthcare finance book allows readers to obtain the knowledge that put them in a better position to function as managers, judge quality of financial analysis, and incorporate sound principles. A generic finance book would not cover these same types
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care setting. The topic will describe why quality initiatives are a key role in the financial success and failures in healthcare. Delivery of healthcare is synonymous with finance and the task related to quality improvement and quality initiatives that support accuracy in documentation and treatment. There is a strong correlation between providers and finance. Key words: Finance, Quality initiatives, Providers, Patient care. Financial Managers and Quality Initiatives
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Health Minister of Health ASS U/Secretary, Human Resources & Financial Resources ASS U/Secretary, Primary Care & Public Health ASS u/Secretary, Hospitals ASS/Secretary Training & Planning HUMAN RESOURCES DIRECTORATE FINANCE DIRECTORATE SERVICES DIRECTORATE MATERIAL MANAGEMENT DIRECTORATE ENGINEERING & MAINTENANCE DIRECTORATE MEDICAL EQUIPMENT MAINTENCE DIRECT TRAINING DIRECTORATE COLLEGE OF HEALTH SCIENCE HEALTH INFORMATION DIRECTORATE
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private investors and shareholders (Finkler, & Ward, 2006). With a return on investment being one of the top priorities, motivation can be fostered to provide high efficiency with a superior product. In this case, a superior service. Mountain Star Healthcare Mountain Star facilities are owned and operated by the larger parent company Hospital Corporation of America (HCA). This private company began trading shares in the stock exchange in 2011 (Hospital Corporation of America, 2013). Their goal is to
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minority in the United States will grow up to 35%. Immigration is an ongoing process and has brought a variety of culture and knowledge to the United States. The diversity of population is affecting the healthcare delivery system in the country. Nurses play a major role in the delivery of healthcare. Nurses are the direct caregivers to patients and spend maximum time with the patients and their family. “As the demographic composition of Western industrialized countries continues to diversify, the need
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medical billing and management assistance to multiple healthcare providers. In 2012 ContinuCare purchased a local pharmacy called Moore & King and changed the name to Erlanger Pharmacy. Being an in home healthcare provider, ContinuCare’s objective is to provide and deliver professional in home healthcare to patients that are homebound, in need of prescriptions, and recovering from hospital visits. ContinuCare’s slogan is “Driving Healthcare Home”, but we are continuing to grow as a subsidiary
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see a doctor. Then after getting a cast for your arm, you receive a bill in the mail over $100,000 just for the visit. Back in the 1960’s this was becoming to look like the future of the United States healthcare. The number of health professionals were at an all-time low and the cost for healthcare was rising like a rocket. Something needed to be done and physician assistants may have been the saviors for the country. Not only do physician assistants aid doctors in everyday practice but also help
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HEALTH CARE [Author Name] In the article “Health Care Study Calls Risk Pool Money Lacking” Kevin Sack discusses some of the issues of healthcare finance. He says that the new law of health care does not properly allocate money for 5.6-7 million Americans with medical conditions that are pre-existing and have high risk insurance pools. The insurance plans carried out by the Government are a stopgap until 2014 after which the insurers cannot deny from providing total medical coverage to people
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