...agencies). b. Study of the accounting and financial management of a diverse collection of industries that 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 of issues that deal with healthcare management. 1.2 A business maintains its financial viability by selling goods or services, while a pure charity relies solely on contributions. 1.3 a. The primary role of finance within businesses is to plan for, acquire, and utilize resources to maximize the efficiency and value of organization. b. The role has increased over the years to support the various sections in healthcare finance. 1.4 a. Hospitals differ in function, patient length of stay, and ownership. Ambulatory care encompasses services provided to noninstitutionalized patients. Home health care brings many of the same services provided in the ambulatory care settings into the patient’s home. Long-term care entails healthcare services that cover an extended period of time. Integrated delivery system assumes full clinical, and in certain cases financial, responsibility...
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...logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Baker, J. J., & Baker, R. W. (2011). Health care finance: Basic tools for nonfinancial managers (3rd ed.). Sudbury, MA: Jones & Bartlett Publishers. All electronic materials are available on the student website. Week One: Overview of Health Care Finance Details Objectives 1.1 Define basic health care finance terms. 1.2 Describe the four segments that comprise a financial management system. 1.3 Identify financial reporting practices & ethical stds of conduct. Read the Week One Read Me First. Due Self Study Points N/A Reading Self Study Self Study Self Study N/A...
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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. But according to a study by a nonpartisan research group, the Center for Studying Health System Change, $5 billion will only cover 200,000 people in a year. As a result, there would be a huge number of people having serious medical problems but the amount allocated for health care won’t cover them. Also, prompted officials of the 20 states would decline to establish their own financial pools which would put the burden of the task to Washington. In these states, the officials and the Republicans fear the intense pressure that they will have to face in case they are short of money. High risk pools will be established in some of the states by July1. The existing pools charge high rates which make them unaffordable to many; the new pools should have standard charges. Even then we won’t know how many uninsured won’t be able to afford those standard rates. Another analysis in this week concludes the states should be satisfied with new amendment and expansion of law. The...
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...MASTER IN HEALTH ECONOMICS PROPOSED MASTER STUDIES MASTER IN ECONOMICS (HEALTHCARE) A Review of Healthcare Financing System in Developed Countries and Malaysia. By: Wong Lim Ping Finance Division Ministry of Health Putrajaya May 2011 MASTER IN HEALTH ECONOMICS TABLE OF CONTENT: 1. 2. 3. 4. 5. 6. 7. 8. Introduction Field of research Objective of study Literature review Scope of research Research Methodology Work Schedule Brief bibliography Wong Lim Ping 790904-13-5151 2 MASTER IN HEALTH ECONOMICS 1.0 INTRODUCTION As Malaysia strikes toward the high income economic through its various initiatives under Government Transformation Programme (GDP) and Economic Transformation Programme (ETP), healthcare has been identify as one of the trust under Mission Cluster Groups (MCG) in driving the nation‟s development path. Healthcare is a very important component of national development and that the creation of a healthy and productive workforce is essential to support and sustain the growth of the nation. In Malaysia, the Government under the Ministry of Health (MOH) is the provider, regulator and funder of the healthcare system, thus, raising the question of dependency of government subsidized healthcare services that serve the inefficiency use of government resources. In year 2009, the government expenditure on healthcare as a percentage of total Gross Domestic products (GDP) is 4.8% of which the 1.8% is from the government expenditure and 3% from...
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...ACADEMIC GUIDELINES www.ibs.utm.my ACADEMIC GUIDELINES CONTENTS ITEM PAGE Overview / Background of UTM 4 Philosophy of UTM 4 Vision of UTM 4 Mission of UTM 4 Motto of UTM 4 International Business School (IBS) In Brief 5 Vision of UTM IBS 5 Mission of UTM IBS 5 Core Values 5 Client Charter 6 UTM IBS Organization Chart 7 Postgraduate Administrator 8 Graduate Faculty 9 Enrolment and Duration Of Studies 13 Change of Program Of Study, Type of Registration, And Mode of Study 13 Withdrawal (TD) of a Course 14 Attendance 14 Academic Load 14 Credit Exemption and Transfer 15 Grading System 16 Academic Standing 17 Deferment, Suspension and Termination 18 2 ACADEMIC GUIDELINES ACADEMIC PROGRAMMES MASTER OF BUSINESS ADMINISTRATION (MBA) 20 21 Introduction MBA Course Structure Programme Specifications and Learning Outcomes 23 Course Synopsis 26 21 DOCTOR OF BUSINESS ADMINISTRATION (DBA) Programme Specifications and Learning Outcomes DBA Course Structure 38 41 OTHER INFORMATION REFERENCES UTM IBS Postgraduate Student Society (PGSS) 42 43 3 ACADEMIC GUIDELINES OVERVIEW / BACKGROUND OF UTM The main campus of Universiti Teknologi Malaysia (UTM) is located in a strategic area of 1,177 hectares in the Iskandar Development Region, Johor.UTM has another campus known as the UTM Kuala Lumpur, Jalan Semarak with an area of 18 hectares. The history of UTM began in 1904 as a Treacher Techical School and was later...
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...MSRSAS - Postgraduate Engineering and Management Programme - PEMP
Module Code Module Name Course Department
EMM515 Lean Operations and Management of Lean Organizations M.Sc. in Engineering and Manufacturing Management Mechanical and Manufacturing Engg .
Name of the Student Reg. No Batch Module Leader
Liju G BUB0912004 Full-Time 2012. SANDEEP. N
M.S.Ramaiah School of Advanced Studies
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...a 304 Lehman College City University of New York Department of Health Sciences HAS 304: Health Care Finance Institutions Fall, 2014 Instructor: Chul-Young Roh, Ph.D., MPA Office: 422C Gillet Hall E-mail: chulyoung.roh@lehman.cuny.edu Phone: 718-960-8679 Office Hours: Tuesday and Thursday at 10am-noon Required Text: Required Text: Gapenski, Louis (2012), Fundamental of Healthcare Finance, 2nd ed., Chicago, IL, AUPHA, ISBN- 978-1-56793-475-5 Course Goal This course focuses on financial and managerial accounting, basic financial management concepts, long-term financing, capital investment decisions, and related topics. Course Purpose Today’s health care environment requires managers who are trained to identify finance problems and who have the skills to solve these problems. The purpose of this course is to teach students the fundamental concepts of healthcare finance, with an emphasis on provider organizations, in such a way that they are better prepared for managerial positions in public health organizations. Competencies and Learning Objectives 1. Apply principles of accounting and financial management in public health and health services organizations 2. Demonstrate written and oral skills for communicating health policy and management issues...
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...Case Write-Up Riverview Community Hospital Riverview Community Hospital is a 210-bed, not-for-profit, acute care hospital with long standing reputation for providing quality healthcare services. It has recently passed the highest Joint Commission accreditation. The hospital competes with three other hospitals in Metropolitan Statistical Area (MSA)- two not-for-profit and one for-profit. Riverview generates its hospital’s net patient service revenue from patients who are covered by Medicare, Medicaid or other government programs or from various private plans. Net patient revenue seemed to be increasing from $25,661M in 2005 to $34,582M in 2009. Operating expenses of hospital included both inpatient and outpatient expenses. The trend of expenses increased from $23,896M in 2005 to $33,958M in 2009. According to Du Pont analysis, total margin of hospital seemed to be decreasing from 11.38% in 2005 to 6.75% in 2009. Though total asset turnover maintained the same trend, it was below industry standard. Return on equity (ROE) was also down and maintained a poor trend till 2008. Even though it increased in 2009, the equity was below industry average. Overall the management must take action on decreasing financial trends. Net cash from operations has reduced to half from$7,192M in 2006 to $3,481M in 2009. The occupancy rate of Riverside in 2009 is 52.2% which is high than industry average of 45.4% and hence it is using fixed assets more productively than average hospital. To influence...
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...Running head: ETHICAL MISCONDUCT AND HEALTHCARE FINANCE 1 IMPACTS OF ETHICAL MISCONDUCT AND FINANCIAL MANAGEMENT IN HEALTHCARE ORGANIZATIONS Richard Muabe Grand Canyon University: October 5, 2013 ETHICAL MISCONDUCT AND HEALTHCARE FINANCE IMPACTS OF ETHICAL MISCONDUCT AND FINANCIAL MANAGEMENT IN HEALTHCARE ORGANIZATIONS 2 Grave infringements of ethical demeanor by healthcare financial managers have made captions over the past few years. Heads of the academic community and financial healthcare industry mutually consider these defiance to represent the encouragement of the uncertain ethical environment of the 1980's, a collapse of inner and outside control, and a breakdown of individual personality on the part of a few personalities. Violations of ethics by financial managers of healthcare are dangerous, since they habitually stay obscured from view up to the time they explode into a complete flame of outrage, continuing to fume extensively after their detection, demanding a massive charge not only in dollars and cents but in respect and status. Throughout the past years there have been several situations of immense fraud concerning financial managers of healthcare, such that just in 1992, the breaches conveyed to Healthcare Financial Management Association(HFMA)'s Executive Committee were as follows: Two hospitals jointly condemned to prison an individual who was a vice president in one of these hospitals, and at the same time director of patient's accounts in the...
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...Singapore government helps its citizens to pay for their healthcare needs. The primary policy that will be discussed will be the Ministry of Health’s 3M framework and a policy analysis will be conducted based on it. A brief introduction of the development of this policy will be provided followed by an evaluation of the policy and recommendations on how to improve the policy. The report will be concluded with a discussion on the impacts that the policy brings about. 1.2 Background Public health care is an emotive issue that remains a major concern of the public in our country. With the rising costs of financing public healthcare systems and the pressing aging problem issue, how our government finances our public health care systems becomes a major issue and debate within our public sector. Hence, I have decided to study on the Singapore’s Ministry of Health and how it plans to help Singaporeans to finance for their health care in a framework known as the “3M Framework”. This was also specially mentioned in the Budget 2008 announced recently and I will also discuss about changes to this framework in the report. 1.3 Objectives This project aims to study the effectiveness of the 3M framework as a financial means to help Singaporeans finance for their healthcare. 1.4 Scope This project will cover a brief history of the Ministry of Health and the 3M framework as well as the framework’s role in Singapore’s public healthcare policy. 1.5 Methodology The basis of the report...
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...Background: Originally from Ghana, I moved to the US, alone, at the age of 18. I completed my Associate’s degree in Nursing, and then eventually completed my Bachelor’s degree in Liberal Studies. I have about six years of experience working as a nurse. I decided to pursue the MBA in order to help me transition to investment finance, which I find more challenging and satisfying. Personality assessments: For the most part, the various assessments confirmed strengths and weaknesses that I was already aware of. My career anchor was pure challenge. This confirms one of the many reasons why I left my previous job. In my previous job, I felt like I was doing the same things day in day out without even thinking about it. Though I felt that I performed relatively unchallenging tasks, I still felt drained of energy by the end of each working day. And that did not give me any satisfaction, despite receiving praise from my managers. I turned down opportunities to move into management because I knew that my managers spent a lot of time buried in compliance-type paperwork. My DISC assessment showed that I am mostly steady and conscientious. In particular, the comments about my basic characteristics were eerily accurate (I feel like they got the information from the NSA). I will like to share those comments in the quote below: Kobina can be motivated through teamwork. He likes to know he is a valued team member. He can be open, patient and tolerant of differences. His natural quality of...
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...MASTER OF BUSINESS ADMINISTRATION (MBA) (Revised) 1. The Program: The importance of „management‟ as a professional study can today be compared with that of obtaining a normal graduate degree in order to be called educated. It is just short of becoming a compulsion. Businesses and institutions are growing in complexity and size. They are cutting across space and time by embracing technology, globalization and information. Mere operational efficiency is no more sufficient. Managerial capabilities have become necessary for firms to act on a global platform. Although there are a large number of institutions offering MBA programs, many of them just churn out non employable MBAs. A good institute must incorporate what the industry requires with changing times. The SMU way to Management degree or diploma is to mould the learning towards this objective. With this perspective it has introduced several programs which are geared to meet the industry requirement. These areas are Banking, Information System, Retail Operations and Healthcare. It is planning to offer more programs in the field of environment, disaster management, and media. The master of business administration (MBA) is an integrated program designed to provide an advanced program in management for those seeking managerial positions in industry, commerce and services. The core subjects are aimed at developing knowledge and skills in fundamental management disciplines. The program also involves participation in group work with...
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...Intro: Virtual Organization is the measure for providing practice and functions of work in a corporation. This provides the view and functions of a corporation’s website and the interior sections for employees’ website. This provides students the ability to be aware of the sections of a corporation’s functions with or before the work experience. The education in this provides the viewpoints necessary for organization and maintaining a corporate world. This manual provides the different sections of different work environments for corporations. This is a measure of providing a learning experience. Those that are new to the work concept will learn the basis of the corporation from the Virtual Organization. This is a functional level of experience by a virtual corporation. However, these are not actually correct in the information they provide. They are decided and engineered forms of a corporation’s websites with outer and internal functions. This assists with the education of a company’s work provided by its virtual websites. Towards the ending of the manual are the measures necessary to follow for attaining the Virtual Organization website. The key factors of login, materials, and selection for Virtual organization explained toward the end of the manual with brief pictures for view. The last paragraphs of the manual will provide a conclusion of the functions and guidance for the student’s future use of the Virtual Organization website. ...
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...HealthSouth: The Scrushy Way Vonetta M. Henderson Northcentral University Introduction The Enron and Tyco scandals brought visibility to corporate scandals. The magnitude of these scandals resulted in the Sarbanes-Oxley (SOX) Act in 2002. Richard M. Scrushy and HealthSouth Corporation were the first CEO and company to be indicted under the SOX Act. HealthSouth was charged with filing false financial statements with the SEC to hid poor financial conditions from Wall Street. An audit conducted by PricewaterhouseCoopers concluded that HealthSouth overstated its cumulative earnings between $3.8 billion to $4.6 billion (Weld, Bergevin, & Magrath, 2004). Although Scrushy was charged with 85 counts, he pled not-guilty, claiming that he was unaware of the fraudulent activities that had occurred. Scrushy was later exonerated as the investigation into the company found no evidence that Scrushy orchestrated or participated in any financial wrongdoings. Five financial executives and 10 other company officials pled guilty to a variety of charges. Background Richard M. Scrushy founded Amcare, Inc. in 1984. The company opened its first facility in Little Rock, Arkansas and one year later opened a facility in Birmingham and changed its name to HealthSouth Rehabilitation Corporation (HRC). In 1986, HRC went public with its initial public offering (IPO) on the NASDAQ stock exchange (HealthSouth Corporation, 2010). In 1988, HRC moved to...
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...gathering requirements for software application development projects • Eliciting requirements using interviews, document analysis, requirements workshops, site visits, product related descriptions, use cases, scenarios, business analysis, and task & workflow analysis. • Delivering IT Solutions involving requirement analysis and management, project scope definition, implementation and testing of applications built for Windows, Mobile devices and Web in internet/intranet infrastructure • Critically evaluate information gathered from multiple sources, reconcile conflicts, decompose high-level information into details, abstract up from low-level information to a general understanding, and distinguish user needs from the required system • Proficient in documenting business requirements in Agile methodology, creating Functional specifications, User Interface design, Use Case Modeling, Process flows and reviewing Test Case document • Expertise in Software Development Lifecycle (SDLC) management and Business to Business (B2B) integration concepts • Proficient at Scrum model & processes and Agile methodologies, Certified Scrum Product Owner (CSPO) • Posses good domain understanding and expertise in Healthcare and Retail & Personal Finance • Skilled at building and maintaining excellent customer relationships • Self-Motivated individual with leadership and inter personal skills • Possess excellent verbal and written communication...
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