This website uses cookies to ensure you have the best experience. Learn more

Reporting Practice And Ethics Paper

836 words - 4 pages

Reporting Practices and Ethics Paper
Cherelle Decarmo
HCS/405
11/13/2014
Keith Parker

Reporting Practices and Ethics Paper
In any health care setting financial and ethical reporting is important to have a successful organization. Health care providers need to understand how effective financial management strategies. The paper will address financial reporting practices containing ethical standers in health care finance. Also, it will include a summary of acceptable practices and general financial ethical standards.
There are four elements of financial management, this includes,” planning, controlling, organizing and directing, and decision making.” (Health care Finance, p.5.2011) ...view middle of the document...

People who smoke have a greater chance of dyeing that a younger age nonsmokers. For employees pension cost were an average of $296 less than each employee who smoked. The estimated cost came out to $5,816 per year it cost employers. Here in the U.S 19 percent of adults smoke. People who smoke have a higher risk of lung diseases, heart and cancer. Some companies have started to either not higher them or have higher premiums. (www.webmd.com June 2014)
Financial professionals has an effect on the reputation to do this its vital for business to show the following; appropriate confidentiality, integrity, and following laws and regulations. (www.afponline.org)
Five executives of a health care finance company were convicted in a $1.9 billion to defrauded invertors. (www.nytimes.com) This happened at the National Century Financial Enterprises one of the largest health care financing firm. The company’s executives were convicted for conspiracy to wire and security fraud. www.nytimes.com. Hospitals and nursing homes sold their accounts were getting 80 or 90 cents on the dollar instead of waiting for insurance payments. (www.nytimes.com) Company executives had authorized millions of unsecured loans and misled investors. Unsecured loans caused shortfalls, which caused theses executives to move the money and cover it up.
Back in 2011, $2.27 trillion had been spent on health care and four billion insurance claims had been processed here in the US. According to the National Health Care Anti- Fraud Association stated that financial losses that are due to health care fraud are in the ten of billion of dollars...

Other Papers Like Reporting Practice and Ethics Paper

Reporting Practices and Ethics Paper Hcs/405

820 words - 4 pages Reporting Practices and Ethics Paper January 28, 2013 HCS405 Robert Hammer Financial management is very important to today’s healthcare financial plans. Companies are not able to function without proper financial planning. It is important that all the accounting records are kept up to date so they follow specific guidelines. This helps keep track of how a company is doing to make sure that they are aware of where

Reporting Practices and Ethics

1232 words - 5 pages effective manner” (The Role of Accounting in the Medical Office). Reporting Practices and Ethics Financial reporting and ethical standards in health care allow organizations to operate at their fullest potential. The standards are determined and set by the Financial Accounting Standards Board. In this paper we will define the elements of financial management, the generally accepted accounting principles and ethical standards. We will review a couple

Reporting Practices and Ethics

823 words - 4 pages Reporting practice and ethics paper Latrice Robertson Hcs/405 February 3, 2014 Sherida Douglass Reporting practice and ethics paper It is the responsibility of a health care manager to understand the basic principles of accounting and finance, and have the knowledge and the understanding of a financial report and what it means. Without these skills and ethical standards it could result in poor management. Financial management is a

Reporting Practices and Ethics

987 words - 4 pages Reporting Practices and Ethics Meredith Kruse HCS 405 November 9, 20015 Joseph Shin Reporting Practices and Ethics Healthcare organizations are business entities like any other and the finances require detailed management to ensure that the business operates effectively and efficiently. There are specific elements required to measure the financial success of these companies. When exploring the accepted accounting principles, it is

Reporting Practices and Ethics - 809 words

809 words - 4 pages Reporting Practices and Ethics Dennis Becker HCS/405 January 24, 2012 Dr. Johnnie R. Bejarano Reporting Practices and Ethics Any health care worker must make ethical decisions on a daily basis. Acquiring the right tools to help make better ethical decisions may include ethics committees and up-to-date policies and procedures. Companies such as Enron have had a difficult time making these ethical decisions and some within the

Reporting Practices and Ethics - 759 words

759 words - 4 pages Reporting Practices and Ethics Jennifer Randall HCS/405 November 15, 2011 St. John Sturton, MBA, CMRP Reporting Practices and Ethics Hospitals and evolving healthcare organizations face an intimidating financial situation in today’s healthcare atmosphere. “Decreasing revenues, increasing costs, and high consumer expectations present a complex challenge for healthcare administrators and medical directors who must not only

Reporting Practices and Ethics - 896 words

896 words - 4 pages Reporting Practices and Ethics Gordon Wilson 3/3/2014 HCS 405 Financial management consists of ethical standards and reporting practices. Monetary managing is the supervision of a business or organization’s finances in order to reach financial goals. The main intention of financial management is to generate capital for the organization, produce a progressive cash flow, and deliver a suitable recurrence in funds. Moreover, there are four

Reporting Practices And Ethics

1036 words - 5 pages Reporting Practices and Ethics HCS/405 Introduction Planning, controlling, organizing and decision making make up the four elements of financial management Baker (2011). Standards and guidelines of financial reporting are known as generally accepted accounting principles (GAAP) ("Accounting Principles & General Financial Ethical Standards", 2014). Financial ethics and standards determine the success of an organization. The VA is

Hsc 405 Week 3 Reporting Practices and Ethics

1037 words - 5 pages Reporting Practices & Ethics. The health care industry is constantly growing and managing the finances of health care facilities is increasingly becoming a concern. In this day and age, management of finances in health care is very important when it comes to financial planning. Any organization that runs with the absence of proper planning will fail. The accounting records of an organization has to be accurate and kept updated, this is

Ethics and Compliance Paper

1224 words - 5 pages Ethics and Compliance Paper In today’s business market, the role of compliance and ethics are very important. In Johnson and Johnson company ethics and compliance is very vital for their entire company with in the United States and around the world. Johnson and Johnson have a well written business code of conduct and ethics for directors and executive officers. Compliance with the government rules and regulations within the United States and

Torture and Ethics Paper

1585 words - 7 pages Torture and Ethics Paper Jennifer Yow ASJ 532 June 16, 2014 Since -9/11, torture has been official US policy by George Bush at the highest levels of government. On September 17, 2001, George Bush signed a secret finding empowering CIA to "Capture, Kill, or Interrogate Al-Queda Leaders." (Lendman, 2008). It also authorized establishing a secret global facilities to detain and interrogate them without guidelines on proper treatment. In

Related Essays

Reporting Practice And Ethics Paper

851 words - 4 pages University of Phoenix Professor David W. Catoe May 28th 2012 In this paper you will find information from articles that address financial reporting practices and ethical standards in health care finance. The paper will also address financial management of health care organizations in detail. In this paper there are several summaries that address the four elements of financial management as well as summaries that address acceptable

Reporting Practice And Ethics

753 words - 4 pages Reporting Practice and Ethics HCS/405 Health Care Financial Accounting June 29, 2015 In order to function properly, every company or organization should have a financial plan in place. Health care organizations are part of the service industry and are no exception and cannot successfully operate without proper financial management. Financial management involves the managing of organizational funds in order to meet organizational goals and

Reporting Practices And Ethics Paper

753 words - 4 pages Reporting Practices and Ethics Paper HCS/405 March 7, 2016 Reporting Practices and Ethics Paper Generally accepted accounting principles (GAAP) represent the general rules, standards, and practices that are used in accounting. GAAP are required for businesses when reporting financial records. When preparing financial statements, a company’s accountant is mandated to use these principles before they issue these statements to investors

Reporting Practices And Ethics Paper

843 words - 4 pages Reporting Practices and Ethics Christine Crumity HCS 405 Module R4 October 10, 2011 Barbara Archer Reporting Practices and Ethics Reporting practices and ethics are the seams of health care accounting and management. It is important that the principles and practices are adhered to in order for the organization to continue operating. Health care is an organization which thrives on care and safety along with stability. It is