Hcs/531 Week 4 Health Care Paper

Are met by professionals, because due to their illness they are experiencing changes and therefore the relevant staff will be able to help with the specific care that they need for their specific needs. This will help professionals to be able to support the client in the best possible way that will benefit them overall when receiving their care

Cost could potentially be the biggest factor of the iron triangle and perhaps the side of the model that leaves administrators most puzzled. With new technology being released quarterly, drug prices soaring, a new aging population that can't be supported by the current workforce, Medicare cutting reimbursement payments and leaning towards insolvency, and the price per service continues to rise it seems as if cutting costs down may seem impossible. Not only have hospitals and clinics began looking for more cost-efficient ways to provide care or, unfortunately which programs to cut, the political arena has been evaluating this as well. Since Obamacare has not lived up to its true potential and glory an alternative method must be identified before the nation's model of healthcare implodes from high costs.

Clients must keep records and books of accounts including cash book, sales ledger, purchases ledger and general ledger. Supporting documents such as invoices, bank statements, pay-in slips, cheque butts, and receipts for payments, payroll records and copies of receipts issued should be retained. A valuation of the stock in trade should be made at the end of the accounting period and the appropriate records maintained. Company should record sufficient to explain each transaction and to enable a true and fair profit & loss account and balance sheet to be prepared. At the end of the accounting period, a physical stock-take should be made to ascertain the quantity and the cost of the stock in hand or the cost of work in progress statements and

Summary: Steven Brill in the article “Bitter Pill: Why Medical Bills Are Killing Us” clarifies his opinion about the costs of healthcare services in the United States.

I should be considered for the Kaiser Permanente Health Care Scholarship because I have proved and accomplished more than what I thought I would be capable of in my education, I am passionate for the health industry, and I financially need to be to succeed. I will continue my education by pursuing my goal to become a Registered Nurse. I first considered Registered Nursing when I joined the Health Academy and realized how passionate I was to help others. Throughout my years in the Health Academy, my passion grew drastically. My summer of 2015 was dedicated to two internships; one being a Medical Assistant (200 hours) and another as a Physical Therapy Aide (80 hours). These internships helped me get an inside perspective of how nurses go above and beyond their everyday duties to ensure patient care, setting a standard for me to go above and beyond in terms of my education, my service to others, and in life. With the changes in college tuition having increased and state support for college students having taken a decrease over the last couple of years, this scholarship would benefit me tremendously in my goals to continue my education.

Legacy Hospices missions statement is to affirm life and focus on the quality of life. Legacy Hospices consist of twenty-one offices located in seven states, including Alabama, Louisiana, Arkansas, Missouri, Kansas, Oklahoma, and Mississippi. Legacy Hospices provides care for people who are in their last stages of life. Hospices allow nurses, doctors, spiritual leaders, and rehab teams to stay and work with the patient so the family members can carry out their everyday lives. Hospices job is not to postpone deaths, but to prepare the family in every way possible for that time. I got the chance to work shadow at the office in Livingston. Unlike the other twenty-one offices Legacy in Livingston, does not preform the hospices duties. They are over billing, records, payrolls, checks, and much more for all twenty-one offices. I have learned many tips to carry with me throughout my journey as an accountant.

Today, the skyrocketing number of health care providers that enter the industry in both public and private organizations create a highly competitive market. For this reason, it is necessary for every provider to become competitive to attract customers and overcome the competitors in order to survive in the industry. However, the role of competition is still much debated since the pieces of evidence are mixed and contested (Goddard, 2015). The Kaiser Permanente is one of the healthcare providers that is standing still in the current competitive market since its establishment in 1945. It is established by industrialist and physician named Henry Kaiser and Sidney Garfield, respectively. As of 2017, the Kaiser Permanente is operating and providing

Discuss the pros and cons of healthcare costs being passed on to employees from the employers.

Health care cost has seen to increase gradually as years go by. This has been influenced by major factors such as political influence, emerging chronic diseases, new procedures that are coming up including the technologies being invented for treating illnesses, pricing of medicines and treatment is not regulated and when treating ailment their may arise repetition of tests or a patient gets over treated for a particular ailment.

The model of the Five Competitive Forces, developed by Michael E. Porter, is based on

However, in personal finance, cash accounting is often used to define and account for events when the cash changes hands. This practically implies that in personal finance, incomes and expenses are noted when the cash is received or paid, or when the cash actually flows. In managing personal finance, the accounting process in crucial in that it records personal transactions of what flows in and what flows out. As checkbooks records most transactions with statement from bank carrying others, this accounting transaction information is summarized in financial statement and can easily be read most efficiently. Furthermore, the summary report of the income statement, cash flow statement, and balance sheet clearly show one’s personal financial status paving the way for better managing personal finance.

As the healthcare landscape continues to shift, medical providers and hospitals are continuously being challenged to develop clear and concise visions and redesign care delivery in ways that will usher proper transitions to value-based care. As value-based healthcare continues to take root, more and more hospitals and providers are finding themselves with little option but to join the movement. However, the jump from previously utilized fee-for-service models to value-based healthcare is not an easy one, and many healthcare organizations are finding it difficult to do so. The greatest challenge lies in successfully making the transition from volume to value-based healthcare in ways that are financially stable. Such inherent difficulties faced by those within the healthcare system are what have necessitated strategic

I believe, one of the major challenges for the Canadian health care model as more providers become part of the continuum of care is the financial security that health care can finance towards resources. Resources would be limited since there would a higher demand such as increased wait time to attending care, creating a high strain on health care providers. To help decrease waiting times, health care providers would need to hire more staff which then causes a raise in public taxes to help pay those staff.

The main important purpose of the accounting information system is to promote the activity of the enterprise and to form a reliable and real picture of it. In addition, the accounting information system promotes the activity of the enterprise effectively by preparing up-to-date information statements, providing as much information as possible so that the data should be understandable all users not only for the experts(bookkeepers) and tracking liquidity. Nowadays accounting software is a programme which makes accounting work processes easier and faster and which makes it possible to meet the information demand of the management. It also can support the accountants’ work, helping to compile reports by in helping to compile reports by recording and processing the events concerning the

It must be full fill the business concern’s requirement. Every organization must maintain adequate amount of finance for their smooth running of the business organizations and to achieve the business goals. Importance of Finance can’t be neglect in an organization. Some are the importance of financial management is as follows: