Health Care Case Study: Financial Statements University of Phoenix Health Care Financial Accounting HCS/405 December 06‚ 2010 Health Care Case Study: Financial Statements This paper is a health care case study of financial statements for Patton-Fuller Community Hospital. This summary is a review of the annual report and financial statements and the differences between the audited and the unaudited statements. The financial ratios are examined to determine if there has been improvement from
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1. Why is understanding of health care financing important for nurses? Understanding the finances behind health care allows the nurse to compare cost to benefit of procedures with clients‚ which empowers the client to make a more educated decision about which route they should choose for their care. With this knowledge nurses must also understand the importance of providing quality care in a cost efficient manner by reducing the number of hospital acquired conditions‚ preventing readmissions‚ preventing
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When one thinks of a degree in Health Care Studies‚ many questions come to mind. The most common questions are‚ “what exactly is it?” and “what jobs can you get with it?”. In short‚ health care studies allows students to learn about health care from a more managerial point of view‚ such as learning about the ins and outs of the healthcare system and how to help different aspects of it run. Therefore‚ there are several jobs one can get with a Health Care Studies degree that correlate with the world
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might consumers do to reduce health care costs? In your responses‚ please use information gained from the assigned readings‚ as well as your own personal and professional experiences. This country’s highest Gross Domestic Product (GDP) is spent on health care. “In 2005‚ U.S. health care spending increased 6.9 percent to almost $2.0 trillion‚ or $6‚697 per person. This increase was the slowest rate since 1999‚ when spending rose 6.2 percent. The health care portion of gross domestic product
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through Proper Health Care Management Learning from mistakes is not something that is accepted in health care. Near-miss and error reporting is an essential component of safety programs across safety conscious industries. Within health care‚ though‚ many physicians are often reluctant to engage in patient safety activities and be open about errors because they believe they are being asked to do so without adequate assurances of legal protection. Having proper health care management could better
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development of case management in health care. According to Cohen and Cesta (2005) one of the factors that have prompted the development of case management is economics. This is due to the cutbacks that are being experienced in the reimbursement process. In this time period where government cutbacks are being experienced throughout healthcare it was necessary to implement a way to be able to manage the patient’s care in a more cost effective manner yet still deliver an appropriate level of care and obtain
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MIDTERM PAPER Quality management in the health care field ensures that patients receive an excellent provision of care. It is a function that health care organizations are responsible for performing to show their due diligence to taking optimal care of their patients. By employing quality management applications to a health care business‚ doctors and administrators can benefit from identifying ways to improve internal processes that will mean more quality outcomes for their patients. Knowing where
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"An empowered organization is one in which individuals have the knowledge‚ skill‚ desire‚ and opportunity to personally succeed in a way that leads to collective organizational success.(Covey‚2011)." Financial management within an organization is crucial to the success and stability of the organization. Financial information on Patten Fuller Hospital will be covered in this paper. More specifically‚ difference between audited and unaudited statements and reporting on the hospital ’s ratios will be
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In America‚ the management of workers by "assimilation into the workforce" is being replaced by the "integration of diversity." How would the author explain this shift in approach? I agree with some of the points made by Sowell. The integration of other cultures advances is so important to the growth of others. As pointed out by Sowell “cultures have enriched each other in all the great civilizations of the world.” (Pg 77) If we do not allow ourselves to learn from others then we are allowing
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What does it take to make integrated care work? Around the world‚ only a few health care providers deliver integrated care effectively. Their experiences offer useful lessons for organizations that want to pilot integratedcare programs. What does it take to make integrated care work? 2 Jenny Grant Two interrelated factors—the growing prevalence of chronic diseases and population aging—are placing a heavy burden on health systems. In all parts of the world except Africa‚ chronic diseases
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