...Final Project Design a Financial Policy Carrie George HCR/230 October 23, 2012 Janet Bargar Part A WEST ADVANTAGE PEDIATRICS OFFICE FINANCIAL STATEMENT The preceding is aimed to notify you of our practice, administrative center practices, and our benefits. We urge our patients to be completely advised as possible, so do not think twice to come to staff members with inquiries concerning care, treatments, coverage, or costs for service. Our employees will be eager to help you. Letting you know a head of time of our administrative center guidelines permits for an effective movement of interaction and assists us to accomplish our ambition. Please look through this thoroughly and if you come up with any questions, please do not be reluctant to question an associate of our team (Annis, November 2005). 1. On entrance, please sign in at the main reception desk and show your up-to-date insurance card at each appointment. You will be expected to sign your name and date so we can file a photocopy of your insurance card. This is your confirmation of the accurate insurance and agreement to send the bill to them on your child’s behalf. If the insurance company that you specify is false, you will be liable for the cost of the appointment up until you present the adjustments to the right plan, which will at that time be charged for the office visit and be compensated. 2. If we remain your primary care doctor, make certain our office name or telephone number shows on your card. If...
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...HCR 230 Week 9 Final Project Design a Financial Policy To Buy This material Click below link http://www.uoptutors.com/HCR-230/HCR-230-Week-9-Final-Project-Design-a-Financial-Policy Resources: Appendix A and Figure 15.1 on p. 487 of Medical Insurance Complete Part A and Part B of your final project using critical thinking skills. These skills include suspending judgment and applying problem-solving skills and methods while conducting research. You must form evaluative decisions and provide your rationale after considering how you would design a medical office financial policy. Decide on the type of medical office setting you prefer to research. Focus on that setting as you complete each portion of the final project. Refer to Figure 15.1 on p. 487 of your textbook, the Internet, and the University Library as resources. Search for medical office financial policy advice and sample policies. Write an original 750- to 1,050-word medical office financial policy for Part A of your final project. In your policy, provide a minimum of three references other than your textbook, formatted according to APA standards. Include the following components in your policy: · Collection of copayments, deductibles, and past-due balances · Arrangements for handling of unpaid balances · Handling of payments for noncovered services · Prepayment policies · Policies for accepting cash, checks, money orders, and credit or debit cards · Arrangements...
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...HCR 230 Week 9 Final Design a Financial Policy Part A&B Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser https://hwguiders.com/downloads/hcr-230-week-9-final-design-financial-policy-part-ab/ For More Courses and Exams use this form ( http://hwguiders.com/contact-us/ ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) FINANCIAL POLICY, PART “A” Financial Policy We always try to keep medical services costs reasonable and you can help us in great deal by eliminating the need for us to bill you. The following is a summary of our payment policy. All Payments is Expected at the Time of Service: All the payments are required at the time services are rendered unless some other payment arrangements have been made in advance. This includes applicable coinsurance and copayments for participating insurance companies. The XYZ Medical Practice accepts cash, personal check (in United State only), VISA, and MasterCard. There is a service charge for any returned check. The patients who have an outstanding balance of 60 days past due must make arrangements for payment before scheduling an appointment. We understand that some people have financial difficulty; therefore, we may advise them that they seek their child’s immunization through a clinic or health bureau. Insurance: We bill participating insurance companies as a courtesy to you. You are expected to pay your deductible and copayments...
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...Written Assignment Grading Form for Design a Financial Policy, Due in Week Nine Content and Development 160 Points | Points Earned 80/80 | | Additional Comments: | Part A: All key elements of the assignment are covered in a substantive way. The student has described the following components of their medical office financial policy: * Collection of co-payments, deductibles and past-due balances * Arrangements for handling of unpaid balances * Handling of payments for non-covered services * Prepayment policies * Policies for accepting cash, checks, money orders, and credit or debit cards * Arrangements for sliding scales and low income payments * Other pertinent policies deemed appropriate to include based on their research * The policy is 750 to 1,050 words in length. Part B: Following the financial policy, the student has included a separate narrative. The student * explains why the chosen policy is best suited to the selected type of medical office setting * provides support for their rationaleThe narrative is 550 to 700 words in length. | | The content is comprehensive, accurate, and persuasive. | | The paper develops a central theme or idea directed toward the appropriate audience. | | Rationale is provided by identifying the type of facility covered by the policy and explaining its effectiveness. | | * Student provides a minimum of three reliable references from the University Library or the...
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...Course Design Guide HCS/405 Version 5 1 Course Design Guide College of Natural Sciences HCS/405 Version 5 Health Care Financial Accounting Copyright © 2012, 2010, 2007, 2005, 2004, 2002, 1999 by University of Phoenix. All rights reserved. Course Description This course provides an understanding of the general principles of accounting applied in the health care environment. It includes an overview of sources of revenue for various health care entities. The fundamentals of financial planning, cost concepts, capital budgeting, and management analysis are applied in the health care environment. Issues surrounding the development and management of budgets are also examined. Policies Faculty and students will be held responsible for understanding and adhering to all policies contained within the following two documents: University policies: You must be logged into the student website to view this document. Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change. Be sure to read the policies at the beginning of each class. Policies may be slightly different depending on the modality in which you attend class. If you have recently changed modalities, read the policies governing your current class modality. Course Materials Baker, J. J., & Baker, R. W. (2011). Health care finance: Basic tools for nonfinancial managers (3rd ed.). Sudbury, MA: Jones & Bartlett Publishers. All electronic materials are available on the...
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...and the security goals to be achieved. 1.1. Company overview As relates to your selected scenario, give a brief 100- to 200-word overview of the company. The Company I have chosen is, The Bloom Design Group. The Bloom Design Groups mission is to provide online interior design services to its customers. The company offers their customers interior design services. What sets this company apart from others is that they have a website that allows customers a chance to design and decorate their rooms to their liking in a virtual environment before spending their money. The option provided for their customers is a virtual decorating tool. With this tool customers can play around with various color schemes for each room’s floor and ceilings, as well as customizing furniture as well. Then employees are able to access the corporate network through a VPN collection to access their client files, in order to place electronic orders for the design materials and furniture. 1.2. Security policy overview Of the different types of security policies—program-level, program-framework, Issue-specific, and system-specific—briefly cover which type is appropriate to your selected business scenario and why. Program-Framework security policy is the best overall for this type of company. As The Bloom Design Groups network stands right now it is at a high risk for potential hackers and overall business continuity. The company has one website for both the employees and the customers to gain access to...
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...Structuring Corporate Financial Policy: Diagnosis of Problems and Evaluation of Strategies This note is talking about finding a way to think about corporate financial policies. They depend in the first place on creativity and careful judgment. There are three good elements to achieve this goal and they are mentioned in the paper, they are: description, diagnosis and prescription. The first element is to define the financial policies of an organization. The second element is to design or create a good financial structure, after that to develop the suggested actual financial designs and structures to choose the best among them and look for opportunities to improve it. The last element is the impact of what is taken as a decision in the first and the second phases or elements. According to the phase one and talk in more details, the first task for advisers in the financial field is to understand the current situation of an organization to be able to observe all the tasks and activities and be able to look for solutions. Therefore, the policy of corporate financial is a set of constitutions that are preferred and suggested in order to be able to guide the capital looking for a raise in this task. Policies should change also and adapt according to the changing environment surrounding the organization or firm following these policies. The elements of financial policy are: the mix of classes of capital, maturity structure of the capital of the organization and the basis of the firm's...
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...payroll. Assessment description In response to the scenario provided, you will develop a step-by-step plan to establish a payroll system, develop security procedures, establish control measures, and ensure procedures guarantee substantiation of claims for allowances. Procedure 1. Consider the scenario and task provided. 2. Consider the design of a payroll system to cover organisational and legislative requirements. 3. Prepare a planning document in which you outline steps you would take to establish the payroll system. Your plan must include a step-by-step description of review, design, development and implementation. Include: a. a survey of legal environment b. the development of policies and procedures (refer specifically to those three developed in steps 4–5 of this procedure. c. communication/consultation. 4. Write a policy and procedures document to ensure security of employee payroll information. Include reference to relevant legislation. 5. Write a policy and procedures document to ensure substantiation of claims for allowances. Include reference to relevant legislation. 6. Write a policy and procedures document to safeguard organisational resources. Include reference to relevant legislation or standards. 7. Write a one page reflection on the process of designing the...
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...Weightings ....................................................................................................................................... 3 Structure of the Examination ................................................................................................................................ 5 Examination Competency Coverage ..................................................................................................................... 6 Scoring Model and Evaluation of Candidate Performance ................................................................................... 6 ©CGA-Canada, 2011 1 CGA-Canada PA2 Examination Blueprint 2011/2012 PA2: Strategic Financial Management Examination Blueprint 2010/2011 About the Examination Blueprint The PA2: Strategic Financial Management examination has been constructed using an examination blueprint — a widely accepted tool used...
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...the customers. It has departments such as marketing, finance, human resource, IT and technical. Example I have selected Amana Takaful PLC to discuss its different processes and functions. The interrelationship different between processes The customer propose the insurance to their property Filling the proposal form and paying cash or cheque The assessor takes the inspection and check the valuation of the property The policy authorization and gives the policy documents to the customer When the claim situation customer informs to the company The assessor inspect the damages and value the damage Check current value of the property and premium outstanding Finalize the claim from claim department and send it to finance for the payment Give the claim and make satisfy the customer. The interrelationship between different functions Human Resource Department ✓ Concerning with financial department for the payments (salaries, medical claims, allowances) ✓ Concerning with marketing...
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...PA1 EXAMINATION BLUEPRINT 2014/2015 Effective Date: December 2014 This document is the property of: CGA-Canada 100-4200 North Fraser Way Burnaby, British Columbia Canada V5J 5K7 Phone: 604 669-3555 Fax: 604 689-5845 www.cga.org/canada Updated: January 21, 2014 CGA-Canada PA1 Examination Blueprint 2014/2015 Table of Contents About the Examination Blueprint ......................................................................................................................... 2 PA1 Examination ................................................................................................................................................... 2 PA1 Course ........................................................................................................................................................ 2 Prerequisite Courses for the PA1 Examination .................................................................................................. 3 Competency Weightings ....................................................................................................................................... 3 Structure of the Examination ................................................................................................................................ 5 Examination Competency Coverage ..................................................................................................................... 6 Scoring Model and Evaluation of Candidate...
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...industry and it generates revenues through different ways such as interest, transaction charges, services fees and provides financial advice. The main method of generate revenue is charging interest on the capital and lending activities. This bank provides different types of the financial products and services of the customers including saving account, current accounts, personal loans, home loans, foreign exchange services, credit and debit cards, online and NRI Services, cash management, treasury services, insurance and investment options. The company's strategic vision is becoming largest banks of the US in terms of numbers of customers and generates revenues through reach and connects with the more people. The main stakeholders of TNV bank are board of directors, management, employees, shareholders, customers and government. TVN banks established its offices in the all major cities of the US to distribute its financial products and services of the customers. The company operations strategy is using latest technology to provide best services of the customers at the right place with less time. American Express, Ally Financial, Regions Financial, RBS Citizen Financial Group, BMO Financial and CIT Group Inc are the main competitors of TNV banks in the US market. TNV bank required the web based technology to provide online and mobile banking and financial services of the customers at any place. The average 5-10 million visitor visit on the company online side and the one visit...
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...effect they have on the CPA practitioners that the government hires for both its financial statement audits and for other nonaudit engagements related to internal control services. As auditing standards have evolved, the auditors may no longer default to a maximum control risk but now should obtain a sufficient understanding of internal control by performing risk assessment procedures to evaluate the design of controls relevant to an audit of financial statements and to determine whether they have been implemented.1 This may result in the auditor spending additional time. Additionally, internal control deficiencies identified by an auditor that upon evaluation are considered significant deficiencies or material weaknesses should be communicated in writing to management and those charged with governance.2 This standard also has led to a great deal of discussion about what is or is not a control and what role an auditor can play, with respect to the client’s system of internal control. Even if a CPA practitioner does not perform audits but performs reviews and compilations, it is important that he or she understand internal control because of the possible independence ramifications. A CPA practitioner’s independence would be impaired if he or she establishes or maintains internal control for a client.3 This paper describes the concepts of internal control (specifically internal control over financial reporting) and discusses the types of services related to internal control services...
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...CHAPTER 6 INTERNAL CONTROL IN A FINANCIAL STATEMENT AUDIT Answers to Review Questions 6-1 From management's perspective, the internal control provides a way to meet its stewardship or agency responsibilities. Management also needs a control system that generates reliable information for decision-making purposes. The importance of internal control to the auditor is rooted in the second standard of fieldwork. The controls that are relevant to the entity's ability to initiate, record, process, and report financial data consistent with management's assertions are the auditor's main concern. The auditor needs assurances about the reliability of the data generated within the entity's internal control system in terms of how it affects the fairness of the financial statements and how well the assets and records of the entity are safeguarded. 6-2 The potential benefits and risks to an entity’s internal control from information technology include (see Table 6-1): Benefits: • Consistent application of predefined business rules and performance of complex calculations in processing large volumes of transactions or data. • Enhancement of the timeliness, availability, and accuracy of information. • Facilitation of additional analysis of information. • Enhancement of the ability to monitor the performance of the entity's activities and its policies and procedures. • Reduction in the risk that controls will be circumvented. ...
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...of an organization. Internal control: describes the policies, plans, and procedures implemented by the management of an organization to protect its assets, to ensure accuracy and completeness of its financial information, and to meet its business objectives. Four objectives of internal control system: 1. Safeguard assets, 2. Check the accuracy and reliability of accounting data, 3. Promote operational efficiency, 4. Enforce prescribed managerial policies. Sarbanes Oxley Act of 2002 piece of legislation with respect to internal controls Section 404: reaffirms management is responsible for establishing and maintaining an adequate internal control structure. 1992 Coso report: established common definition of internal control for assessing control system, as well as determined how to improve controls. An internal control system should consist of the five components: 1. The control environment 2. Risk assessment 3. Control activities 4. Information and communication 5. Monitoring Control environment: foundation for all other internal control components and provides discipline and structure. Top management oversight, integrity, and ethical principles that guide the organization Risk assessment: identify organizational risks, analyze their potential in terms of costs and likelihood of occurrence, and implement only those controls whose projected benefits outweigh their cost Control Activities: policies and procedures that management develops. Example, approvals...
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