Health Care Essay

You have been asked by a health care magazine to write a series of articles focusing on health care financial concepts. The articles will be included in five consecutive issues and will be geared towards readers with little knowledge of finance. You must ensure that the articles are both informative and engaging to your audience. You must also ensure that your articles relate financial principles to the health care industry.

Which of the following statements about the role of finance in healthcare organizations is incorrect?

In week 2, I will be answering some questions that are relevant to the company “Central Health Services” selling service contracts for healthcare applicants and equipment. I will be discussing adjusting the accounts, adjustments and ethics also located in our textbook. In conclusion, I will be discussing my overall review of my findings and the difficulty in accrual accounting.

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.

providers and health plans” (Dillon & Hoyston, 2014, p.57). While the Centers for Medicare and

With the current recession, health care organizations have seen in increase in the inability to collect debt from self-pay, uninsured, and underinsured patients. This has caused a struggle on the organization to meet operational margins, and profits. There are a number of reasons for this new increase in patient debts, the more common are, poor accounting practices, lack of patient information and correct patient demographics. Obtaining the correct patient information plays a large part on non collectable debt because patients are not able to be reached. Even though

Through the formulas we can manage resources and revenues which is what chapter 15 explains about. At the beginning of this chapter it brings about the subject of healthcare insurance which protects the individual from “paying the full price of healthcare” (Sayles and Gordon 2016) and also the Affordable Care Act which is more commonly known by its nickname Obama Care. There are a number of ways a person can ways an individual can pay for such insurance is by out of pocket which means that the money for the procedure is coming straight from the patient and copayment also called co-pay which ‘is a cost-sharing measure in which the policyholder pays a fixed dollar amount per service. All of this depends on eligibility which pertains to the verification

The Company provides care to residents under the Medicare and Medicaid programs. Revenue from the Medicare and Medicaid programs accounted for approximately 13% and 12% of the revenue from residential and healthcare facilities for the years ended December 31, 2014 and 2013, respectively. Future changes in the Medicare and Medicaid programs and any reduction of funding could have an adverse impact on the Company. Laws and regulations governing the Medicare and Medicaid programs are extremely complex and subject to interpretation. As a result there is at least a reasonable possibility that recorded estimates will change by a material amount in the near future. The Company believes that it is in compliance with all applicable laws and regulations

Throughout all industry, the topic of whether to buy or lease continues to be a relevant question with proponents for both sides. There are all sorts of financing options in today’s vast and technological society, many of which I had never even heard of. When the topic of leasing was presented, I like so many others, immediately thought of car leasing. Leasing takes many forms aside from the automobile industry. Healthcare, like most all other business industries, is not exempt from deciding how, when and what to lease. For this particular paper, we will look at the advantages and disadvantages of operational versus capital leasing and how they relate to a healthcare organization.

The Patient Protection and Affordable Care Act have given the clue to the healthcare industry which is related to the regulatory and reimbursement direction, dispute of the politic continuously to modify healthcare reform will be perform the uncertainty than usual into the healthcare landscape for the next becoming two years later. Moreover, this is certainly sure that the healthcare industries are penetrating the condition where the operating and capital costs act as the critical success factors. According to Horrssen (2013), over the next five years, capital financing decisions will play the center role in strategies. This is because, analysis and decision making will take the part as to determine the “winners”

1. Management’s first step before issuing securities to the public is to obtain approval from the board of directors. This step requires a vote of the shareholder/shareholders. In this initial phase, the company will create or update their business plan, select lawyers, auditors and underwriters/agents. As well as review and strengthen internal systems, procedures, ensure that their accounting policies and financial records are prepared for the required prospectus. This first phase is crucial for the business to ensure that they are prepared to follow through with their IPO objectives.

Gapenski, L. (2006). Healthcare Finance (4th Ed.). Retrieved from The University of Phoenix eBook Collection database.

The issuer of the bond promises to pay a stipulated stream of cash flows at predetermined interest rates. The payment generally comprises of periodic interests over the life of the instrument and the principal is paid at the time of redemption. The amount of risk involved in debentures or bonds is dependent upon who is the issuer. For example, if the issuer is government, the risk is assumed to be zero. Following alternatives are available under debentures or bonds:

Short –term finance-can be used for short periods of time up to one year to cover fluctuations in cash flow (trade credit, bank overdraft, factoring, bills of exchange)

The seven steps in the offering development process are listed by Tanner and Raymond as: