Cleverley College Essays Samples For Students

Generally accepted accounting principles

Health care financial management like that of other industries follows a set of generally accepted accounting principles (GAAP) regardless of whether it is for a profit or non-profit making organization. Health care organizations generate their revenues from delivering services and from the sale of drugs and medical supplies. Expenses in health care organizations normally include but are not limited to the costs related to labor and the purchase of drugs and medical supplies (Hankins & Baker, pp.412-413). These transactions have to be recorded according to the concepts of GAAP. The aim of this essay is therefore is to discuss the following generally ...

Abstract

The healthcare systems comprise of many services that can lead to the successful delivery of treatment to the patients. Patients can receive their treatment and then the member or the hospital can contact the third party payer to reimburse them. There are numerous reimbursement methods and clients chose one that they. The methods include; the Value-Based Purchasing Medical Reimbursement, pay for performance, fee-for- service and episode-of-care payment. Each method has both its advantages and disadvantages to either the patient or the hospital. An acute care hospital which provides quality treatment to the patients within a short period utilizes the ...

HEALTH CARE REIMBURSEMENT PROGRAMMES.

Health care professionals play an important role in society. As such, there is a need for these professionals to understand the various health care reimbursement systems and methodologies to discharge their duties. There exist various financial systems adopted to cater for the financing of healthcare with each plan posing its risks as well as the incentives these systems exists solely because most patients have an insurance plan.

Fees for service reimbursement program mean that a fee is paid dully to the healthcare provider for each specific service rendered. This system is widely used as it guarantees total independence of which services ...