of Phoenix HCS/405 Sandra DiPietro Reporting Practices and Ethics Introduction Addressing financial reporting practices and ethical standards in health care finance can be done in various different ways. Either way this component of health care is addressed, it is important for a health care finance element, within an organization, to ensure that this is addressed correctly. A good way to explain and address the ethical standards in health care finance is by
Words: 868 - Pages: 4
Reporting Practices and Ethics Paper HCS 405 Reporting Practices and Ethics Paper According to the American Medical Association’s Code of Medical Ethics, “a physician shall support access to medical care for all people” (Zonana, 2001, p.1). This principle becomes an ethical dilemma, however; in our currently divided system in which those without insurance are not provided the same access to health care as those with insurance. Health care providers are continually obligate to balance
Words: 855 - Pages: 4
Reporting Practices and Ethics Monika Kaloyanova HCS/405 August 31st 2015 Professor Joe Gazdik Introduction There are a lot of important parts in health care organizations but what sticks out the most is financial management. Financial management needs to be taken seriously and everything has to be done accurately because there are consequences if errors occur and the organization cannot function properly. It also helps to see the profit and loss that the organization is having and to see
Words: 859 - Pages: 4
Financial Management of Health Care Organizations Latasha Rowell August 4, 2015 HCS/405 Conway Brew Financial Management In any business, financial managers should ensure that financial reporting practices and ethical standards are being met as well as maintained. These practices are vital in the financial success for any company, especially in health care finance. Within this paper, a summary of the four elements of financial management, generally accepted accounting principles, and general
Words: 877 - Pages: 4
Reporting Practices and Ethics HCS 405 Financial management is an important aspect to health care financial planning. There are many financial decisions made every day and depending on the accounting records and the different transactions that are occurring. Finance management is something that health care organizations need to pay close attention to. The priority of a heath care facility is to care for patients, but there still needs to be a profit so the company can keep caring for patients
Words: 999 - Pages: 4
Ethics HCS/405 February 14, 2015 Reporting Practices and Ethics In health care businesses, the financial practices and ethics were considered to be the vital for health care organizational success. The financial and ethical practices are reinforced by healthcare companies for encouraging their objective statement. It had been to guarantee the submission and accuracy of healthcare, financial practices and ethics had the four types of financial management to make understanding to health care manager
Words: 999 - Pages: 4
Angela Blanks HCS/405 February 12, 2014 Mary Scalf Reporting Practices and Ethics Paper Revenue is important to keep track of to pay expenses and invest back into the business to maintain state of the art technology. Reporting revenue correctly and honestly is management and owners responsibility. Abuse of the system and fraud committed by dishonest practices the government has set up standards of reporting income and expenses. The function of the generally accepted accounting principle is
Words: 907 - Pages: 4
Financial Reporting and Ethical Standards Debra Castagnetta HCS/405 November 7, 2011 Todd Brown Financial Reporting Practices and Ethical Standard In health care finance keeping financial documents have become more detailed and the need for accuracy has increased and many guidelines have been established to ensure there are competencies, and ethical standards are upheld in financial management in health care organizations (Paul, 2008). The Four Elements of Financial Management
Words: 986 - Pages: 4
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
Words: 818 - Pages: 4
Financial Reporting Practices and Ethics in Healthcare Jeanette Jordan 03/07/16 HCS-405 Prof. Adrian Parker Abstract Financial management is a vital part of organizational effectiveness, it is a discipline with a long and respected history. Health care service delivery is a business, and the concept of financial management assists in balancing the inflows and outflows that are a part of the business. The managers within a health care organization will generally have one of three views the
Words: 1131 - Pages: 5
