...“Effective Financial Policies and Procedures” By: Khay Fernandez HCR 230 Jetonga Keel 11/30/2014 Financial policies and procedures are important to the running of a medical office; this means that all procedures must be done correctly to ensure that the laws are upheld. If these procedures are not followed then there are many consequences that could arise that will injure the integrity of the medical office. There are a few basic elements that are needed to ensure that the medical office is using an effective financial policy. This policy is generally the same as any other business, for example there are accounts receivable, payable, supplies that are ordered, and collections. There are accounts that need to be paid by the patients that if are not paid would than go to the collections department to ensure that the patient pays the money that they owe. If these patients have insurance than these bills or “claims” are sent to their perspective insurance companies. Payable accounts are actual bills that the medical office owes, such as electric bills and payroll. Financial policy depends on the insurance company as well as the medical offices, for example if it is financial policy for the medical office to charge a fee for a patient that is a no show than that is policy and the patient will have to pay the set amount. Each medical office has the right to make their own policies when it comes to financial obligations. Each patient is made aware of the policies before they...
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...original medical office financial policy. This project requires you to suspend judgment and apply problem-solving skills and methods while conducting research. You will form evaluative decisions and provide your rationale after considering how you would design a medical office financial policy. Write an original 750- to 1,050-word medical office financial policy for Part A of your final project. In Part B, you identify the type of facility your medical policy covers. Then, summarize the reasons why you believe your policy is best suited to this type of facility and explain your rationale in 550 to 700 words. Final Project Timeline You should budget your time wisely and work on your project throughout the course. As outlined below, some assignments in the course are designed to assist you in creating your final project. If you complete your course activities and use the feedback provided by the instructor, you will be on the right track to successfully complete your project. □ Suggested in Week One: Review the project description in Week Nine. Begin thinking about the components of sound medical office financial policies and procedures. □ Suggested in Week Seven: Complete the rough draft of your paper and submit it to the Center for Writing Excellence. □ Due in Week Seven: Effective Financial Policies and Procedures CheckPoint. Apply the same methods in this CheckPoint to Part A of your final project, where you will design a financial policy. □ Due in Week Nine:...
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...ENHANCEMENT OF EMPHASIS SALON SYSTEMS, INC. FINANCIAL ACCOUNTING POLICIES AND PROCEDURES STUDY PROBLEM AND GENERAL PURPOSES OF RESEARCH STUDY PROBLEM: Financial accounting procedures and policies in Emphasis Salon Systems, Inc. RESEARCH PURPOSE: Improvement and standardization of financial accounting policies and procedures. Different types of purposes include: Exploration Description Explanation Prediction/Control Solution The purpose of this study is to determine: 1. What were the implemented financial accounting policies and procedures? 2. How was it implemented? 3. What were the impacts to the employees and to the company? 4. Is there any need for revisions or improvement? 5. If certain policy or rule was violated, what were the solutions that the company did to solve it? 6. In terms of financial assistance to employees, what are the requirements needed to grant it and how far does it affect the flow of company’s operation ABSTRACT: Policies and procedures are designed to influence and determine all major decisions, actions, and all activities that take place within the boundaries set by them. Procedures are the specific methods employed to express policies in action in day-to-day operations of the organization. Policies and procedures ensure that a point of view held by the governing body of an organization is translated into steps that result in an outcome compatible with that view. A set of policies are principles, rules and guidelines...
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...greatest conflict under James I. There were many other factors such as the royal prerogative and foreign policy which all caused more conflict. In terms of the extent of conflict finance was less significant than other factors. This is because the most serious the conflict that aroused over finance was an angry exchange of words when James called parliament a disgrace a disgrace in 1610. This was because they delayed in passing the great contract. This disagreement caused less conflict than foreign policy which in 1621 led to the protestation. This was the greatest conflict that arouse during the reign of James. This was because not only was there the physical element of James actually ripping the document out of Parliament’s journals but it has been described by many Whig historians to put England “on the high road to civil war. Although both the conflicts really came about because of the royal prerogative meaning that the royal prerogative caused the greatest conflict under James I. This was because the protestation was really a conflict over he believed foreign policy was his royal prerogative and it should not be discussed by the commons and the commons challenged him on this thus questioning the royal prerogative meaning that the royal prerogative was a greater cause of conflict than finance. Although finance caused more dissolutions than religion and foreign policy it causes less of a conflict than the royal prerogative. This is because finance caused one dissolution in...
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...Security Policy for McBride Financial Services Introduction to Information Systems Security Management CMGT 441 December 06, 2011 Security Policy for McBride Financial Services The following document was developed to respond to a request by McBride Financial Services for a security policy based perceived needs associated within the loan department and issues in implementing online loan applications (OLA). The security policy will address the current need along with any issues that may arise with their online loan application process. The majority of McBride’s customers are comprised of an affluent demographic of professionals, families looking to purchase a home, and retiree’s requesting mortgages (University of Phoenix, 2005). McBride’s customer base is largely well educated individuals who generally keep an eye on personal information and financial records and would most likely be aware of any unauthorized changes. Therefore, it is of extreme importance that McBride Financial secures this data. The areas included in the security policy for the loan department will include the following: • Physical Security Policy • Account Access Controls Policy • Data Backup Policy • Non-Compliance Policy The implementation of electronic key cards will be recommended to McBride as a source of control in the physical security area. This will restrict employees only to have access to areas they are authorized to be in. Any employee accessing an unauthorized area of the...
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...FINN4233, Financial Policy and Planning EXAM 2 TAKE-HOME QUESTION This question is due by 2:00PM on Friday , March 26, 2004. No late submissions will be considered for a grade! Students are not allowed to discuss the exam with their classmates, colleagues, friends, internet buddies, etc. prior to the submission!! The submitted answers must be your own work. Show all your work for partial credit. Important: As future financial economists, analysts, captains of industries, etc., you must be able to present your results in a clean, concise, and understandable manner. Therefore, it is your responsibility to make sure that I understand the way you interpret your work, logic, etc. Unreadable and/or unclear work will be awarded with zero points. All answers should by TYPED. Good luck! Prepare a (typed) report on valuation of Oxford Learning Centres (OLC) utilizing the data from the case “Oxford Learning Centres Inc.: The Childtime Alternative”. Address all of the following questions (attempt to structure your analysis to specifically answer each of the questions, one after another). (Since I want to make your life a little easier, note that the end of this document contains electronic copies of the most important case exhibits, as well as one extra Exhibit A (containing data on most recent acquisitions in the supplemental education industry): a) Is this a good time for Mr. Whitehead to sell a significant stake of OLC to Childtime? How did OLC perform in the recent...
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...McBride Financial Services Security Policy xxxxxxxxxxx CMGT 441 November 23, 2014 Professor xxxxxxx McBride Financial Services is a start-up loan company that will provide low cost mortgage services using state-of-the-art technology. McBride has five locations; the locations are in Idaho, Montana, Wyoming, North Dakota, and South Dakota. The clients will consist of the following: * Professionals purchasing either a primary or secondary residence. * Retirees purchasing a primary or secondary residence. * Families and/or individuals purchasing recreational properties With the type of low cost mortgage services being provided the McBride Financial Services will need to implement security polices to protect clients using the services. The Information Security requirements of Online Applications Services have to be more secure than Information Security requirements of a physical bank. Protecting user data has to be a number one priority for any online financial company. The policy will apply to all Online Loan Applications (OLA) and any outsourcing to McBride’s application provider and support staff. The best practices for OLA are as follows: * Ensure Consumers are making educated financial decisions by fully disclosing all Loan terms in a transparent and easy to understand way. * Give Consumers a chance to change their mind by maintaining a reasonable cancellation policy. * Be a company in good standing with the officials and regulatory bodies that govern you...
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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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...Financial Intermediation and Credit Policy in Business Cycle Analysis∗ 1 Introduction To motivate interest in a paper on financial factors in business fluctuations it use to be necessary to appeal either to the Great Depression or to the experiences of many emerging market economies. This is no longer necessary. Over the past few years the United States and much of the industrialized world have experienced the worst financial crisis of the post-war. The global recession that has followed also appears to have been the most severe of this era. At the time of this writing there is evidence that the financial sector has stabilized and the real economy has stopped contracting and output growth has resumed. The path to full recovery, however, remains highly uncertain. The timing of recent events, though, poses a challenge for writing a Handbook chapter on credit market frictions and aggregate economic activity. It is true that over the last several decades there has been a robust literature in this area. Bernanke, Gertler and Gilchrist (BGG, 1999) surveyed much of the earlier work a decade ago in the Handbook of Macroeconomics. Since the time of that survey, the literature has continued to grow. While much of this work is relevant to the current situation, this literature obviously did not anticipate all the key empirical phenomena that have played out during the current crisis. A new literature that builds on the earlier work is rapidly cropping up to address...
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...Final Project Financial Policy Part A Tracie Blakeslee HCR/230 November 3, 2013 Santresa Sanders NEWFIELD FAMILY MEDICAL PRACTICE FINANCIAL POLICY Here at Newfield Family Medical Practice our main objective is to provide the highest quality of healthcare and to try and keep the cost of medical care down. For us here at Newfield Family Medical Practice to achieve these you as our patient need to understand our financial policy. Please read this carefully and if you have any questions, please speak to any member of our staff (“American Academy of Pediatrics”, 2013). 1. On arrival please come to the receptionist desk and check in with the front end staff, present them with your current insurance card, you will be asked for it at every visit, inform the front end staff of any changes that have been made such as name change, address, telephone, emergency contact person, or insurance provider. You will be asked to sign in once all information has been verified. IF THE INSURANCE CARD YOU PROVIDE IS NOT CORRECT, YOU WILL BE RESPONISBLE FOR PAYMENT FOR MEDICAL SERVICES FOR THE VISIT, AND WILL BE RESPONSIBLE TO FILE A CLAIM WITH THE CORRECT INSUANCE PROVIDER. 2. Newfield Family Medical Practice must appear on your insurance card if we are your primary care provider, if your insurance company has not been notified that we are your provider on the date of your appointment, you may be financially responsible for the visit (“American Academy of Pediatrics”, 2013). 3....
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...Financial Policy Project - Air Arabia and Gulf Airlines Name University Introduction The project is based on the financial analysis of the two companies from the airline industry. The first company is Air Arabia and the second company is Gulf Airline. Air Arabia which was established by the King of Sharjah in the year 2003 is known as the best economic mode of air travelling in the United Arab Emirates. The company continued to provide economic and valued services to its customers through the last decade and has been successful in penetrating the Air traffic business. The company did not limit its operation only to the Arab countries but also expanded its business operations to the Europe and other parts of the world. The Air Arabia destinations not the Arab countries but also reached the European destinations like Casablanca and the Cairo. The company believes in expanding its business operations and for this reason, it has established its subsidiaries airlines in the other Arab countries as well. The company is performing air travelling operations through its subsidiaries companies in Egypt and Morocco as well. The company today operates its flight to 88 destinations across the globe. The company planes lands on the destinations ranging from Arabia, Middle East, Asia to Europe and Africa. The company believes in offering comfortable and reliable journey for its passengers at the lowest possible fares and with this business strategy, millions of passengers have travelled...
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...Macroeconomics Assignment How a rigid Fiscal Policy saved Australia from the Global Financial Crisis TABLE OF CONTENTS: |Item |Heading |Page Number | |1. |Introduction | | |2. |Theoretical Concepts: | | | | | | | |2.1 Economic Growth | | | |2.2 Aggregate Demand and Aggregate Supply | | | |2.3 Fiscal Policy | | | |2.4 Monetary Policy | | | |2.5 The Impact of Unemployment | | |3. |Related Policy Issues | | |4. ...
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...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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...RESEARCH TOPIC: THE IMPACT OF WORKING CAPITAL MANAGEMENT POLICIES ON THE PROFITABILITY OF FINANCIAL INSTITUTIONS: A STUDY OF SOME SELECTED FINANCIAL INSTITUTIONS IN GHANA 1.0 INTRODUCTION 1.1 Background: Financial institutions exist to perform the main function of collecting excess monies in the system and advancing them in a form of loan. Hence the bulk of the working capital resource is loan advances and cash received from customers. Again, the influx and/or springing up of financial institutions in Ghana of late has created stiff competition. This situation is likely to make most firms relax their policies on working capital especially on loan advances to customers so as to maintain or increase their market share. This could lead to huge unpaid balances which may put the finances of the companies in danger given the fact that the depositors will one day come for their monies. These can have a telling effect on the cash flow position of the firm which indeed raises an issue of profitability and survival. The management of these core assets is vital to their survival. It is for these reasons that the researcher wants to identify the various working capital strategies used by these financial institutions in dealing with such situations and the consequences of such policies on the profitability of these firms. 1.2 Problem Statement: As the main provider of financial needs, the main debacle of financial institutions is not with the several services and products...
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...Xin Zheng xinzheng@callutheran.edu Chapter 1 2. What are the differences between shareholder wealth maximization and profit maximization? If a firm chooses to pursue the objective of shareholder wealth maximization, does this preclude the use of profit maximization decision-making rules? Explain. Profit maximization means the company makes profit maximize. Maximize shareholder wealth states that management needs to bring maximize the value for its owners by make the most efficient resources and reasonable financial management. Therefore, shareholder wealth maximization include the profit-maximization model, it considers not only profit maximization model, but also the timing of return and the risk of the company. The most important the company will consider how much the profit it can make. Therefore, we should use the shareholder maximization model when company do decision making. 6. Explain why management may tend to pursue goals other than shareholder wealth maximization. When a company has to make a decision in a short time, it will use the profit maximization model. The reason is that the shareholder wealth maximization is a long-term goal; it takes time to consider and analysis. On the other hand, if the manager wants only to maximize bonuses, they will not consider the benefit of shareholders. So they will not consider things by using the shareholder wealth model. 13. Metropolitan Life Insurance Company, Swiss Bank Corporation, and several other holders of RJR...
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