Financial Statements are described as the language of business. These statements tell the condition and performance of a business historically‚ currently and prospectively. The main objective is to provide information about financial position‚ financial performance and cash flows of an entity used in making economic decisions. ELEMENTS OF FINANCIAL STATEMENTS Financial Statements portray the financial effects of transactions and other events by grouping them into broad classes according to their
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FINANCIAL MANAGEMENT La’Kesha Wright HCS/405 09/16/2012 Sherida Douglass Introduction The role of financial management in health services primary role is to secure the financing need to meet an organization operating objectives. The role of the financial manager is to plan for‚ acquire‚ and utilize capital to maximize the efficiency and value of the organization. Four Elements “The four elements of financial management are: planning‚ controlling‚ organizing and directing‚ and decision
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the health care insurance industry. A group of 20 doctors are considering forming a new medical group and have asked you to prepare a report on whether they should build a facility in an area within 30 miles of the downtown center of your 500‚000 population city for $100 million dollars. Prepare a report for the management team of the doctor’s group on your proposed $100 million expenditure plan reflecting on the key course objectives including the financial‚ legal‚ alternative health care models
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Financial Analysis Case: Peng Plasma Solutions PROFESSOR LENA C. BOOTH Objectives • The objectives of the Financial Analysis session are to analyze Peng Plasma Solutions financial performance‚ and to see why properly managing funding needs is essential for a company to pursue its corporate strategies. Professor Lena C Booth 2 Peng Plasma Solutions – Company Background • A private metal cutting company in China‚ founded by Jerry Peng‚ together • • • • with
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Summary quality and safety in health care Chapter 1: science and knowledge foundation Two notable contributions to the industry from the Journal of American Medical Association: 1. Assessment of the state of quality serious and widespread quality problems 2. Categorization of three defects: a. Underuse: many scientifically sound practices are not used as often as they should be b. Overuse: can be seen in areas such as imaging studies for diagnosis in acute asymptomatic low back pain or
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SFAC 6 ELEMENTS OF FINANCIAL STATEMENTS ASSETS. Probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events. LIABILITIES. Probable future sacrifices of economic benefits arising from present obligations of a particular entity to transfer assets or provide services to other entities in the future as a result of past transactions or events. EQUITY. Residual interest in the assets of an entity that remains after deducting its liabilities
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Three elements of hospice care include: the hospice social worker‚ financial counseling‚ and a chaplain. “The hospice social worker constitutes a pivotal part of the team. The social worker spends considerable amount of time working with families‚ thus enabling family members to communicate with each other” (Leming & Dickinson‚ 2011‚ p. 209). Financial counseling is an element of hospice care because‚ “patients and families have often exhausted their financial resources at the time of care‚ so attention
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HEALTH CARE HUMAN RESOURCES MANAGEMENT Health Care Human Resources Management LaShon Lulendo October 26‚ 2014 Professor: Dr. Dana Chad Moretz HSA 530-Health Services Human Resources Management HEALTH CARE HUMAN RESOURCES MANAGEMENT Introduction There are key factors that affect health care practices and human resources management. As a Human Resources manager at an acute care hospital‚ I have been asked to write a document that outlines the steps I would take as the manager of
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The book describes health information management as the practice of safeguarding patient records within in compliance of regulatory‚ accrediting‚ quality‚ legal and ethical standards. In addition to these standards the health information manager must strive for the goal of interoperability‚ due to the diverse nature of the health care environment. However‚ before a health information manager begins their duties‚ they must meet certain education requirements and obtain certain certifications due
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Assignment 1: Health Care Human Resources Management Due Week 3 and worth 240 points Health Care Human Resources Management The specific course learning outcomes associated with this assignment are: 1. Analyze the unique aspects of managing human resources (HR) in health care organizations. 2. Evaluate the effects of major employment laws on HR functions in health care organizations. 3. Evaluate the competencies necessary for effective health care human resources management.
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