Happy Town Neurology Case Summary

Third party – Reimbursement payments made by an insurance company that provides benefits for the

The healthcare system in the United States is a system composed of many private insurance companies who act independently from one another. These companies make their money through premiums which are paid by the insured; therefore a major part of the healthcare system is privately funded. This type of market is considered to be an imperfect market because it does not meet the true requirements of a free market where there is unrestrained competition between providers. In our healthcare system there is an absence of a central agency to govern healthcare. There are multiple payers and third party insurers serving as intermediaries between financing and the delivery of healthcare. The United States has a multi-payer, heavily private system in which thousands of private insurance companies are responsible for paying some claims, while federal and state

Chief administrative officers (CAO) is in charge of nearly every aspect of a company, typically only answering to the chief executive officer and the CAOs are employed in a wide array of industries and have many functions depending on the size and scope of their company (Amico, 1999-2013). He or she will handle the hiring and training of the top-level employees and managers. The CAO will make sure the employees work as a team. A chief administrative officer will need to understandthe company 's policies and overall mission. He or she will need to give the employees job descriptions that is best suited for that employee. According to Amico (1999-2013), ?He must delegate, organize and come up with new ideas to help the company 's bottom line anda chief administrative officer must have strong verbal and written communication skills? (para, 2-3). In this paper, the problem will be stated. Issues and how to solve the health needs of an African country will be discussed. Integrating Fund Accounting, Financial controls, and Control and Management of Public Expenditures will be discussed. Explanation on government financial reporting requirements and applying budgets as disciplinary footsteps and remarks will be elaborated. The Analysis of financial statements

One type of funding beyond third party reimbursement is “Fee-for-Service.” This is when a health care professional can bill for everything they are doing for that patient. For an example, I know that home health care entities can charge for nursing staff, care taker staff, therapies, medications, supplies , the amount of time they are spending with that patient per day and how many days a week. Usually when a home health care company can charge for each individual thing they do for the patient, usually means that the patient has Medicare and that’s who the home health care is billing. But, if the patient the home health care company is seeing has a Managed Medicare such as Aetna, or Humana, these companies usually pay for “episodic care.” This

Dr. Estes created a new philosophy which makes department chairs leaders of the institution. This philosophy helped Dr. Estes to set clear expectations about the process of administrative. The new philosophy includes that the departmental business is every one’s business. Also, it requires the office of medical affairs to look at what departments are doing. The third philosophy is the leadership’s duty is to deliver bad news without blaming scapegoats. In addition, department chairs understand and craft the institutional vision and must buy into and sell that vision. The last philosophy is the department chair must understand their business operationally, fiscally, and strategically.

On the 16th December 2014, a 69 year old woman was admitted to Daisy Hill Hospital Emergency Department (DHH ED) following the sudden onset of a very severe pain in back of the head.

We regret to inform you that your employment with Metropolitan Neurosurgery is terminated effective upon receipt of this memo for the following reasons during your probation period:

At the top of Education Can Triumph’s administrative chain is the Board of Directors. The Board of Directors monitors the financial, structure, and progress of the agency to determine if it is meeting its purpose. The board members are elected citizens who are not employed by the agency and decide all motions by majority vote. Directly under the board yet top employee within the chain of command is the CEO. The CEO manages the financial and business decisions of agency, while maintaining agency quality, networking, and funding. The COO works under the CEO and as Chief Operating Officer helps with the daily operations of the agency’s business management.

The changes in personality and behavior because of brain damage affect the daily tasks of people that suffer from brain injury. Everyone behaves differently from others and everyone acts different in social situations. Our brain is what makes who we are, and the brain also stores all of the information an individual has learned throughout the years. There has been multiple studies that have found how complex the brain really is and how our socio-cognitive skills helps individuals get through social tasks, but it may be difficult if an individuals’ personality changes after brain damage. The socio-cognitive skills is how individuals see and apply information about other people and social situations. Phineas Gages’ story shows how drastically our personality can change, if an individual suffers from brain injury. Phineas Gage was a railroad worker that has an accident

Dr. Martin discussed the restructuring of the central office and how it will affect the responsibilities of the exempt administrators. We need to be able to attract and retain good administrators. A strong salary base is critical. With the new central office restructuring, we have the opportunity to make some adjustments to administrators’ compensation by reshuffling funds within the exempt and union ranks.

I also am in charge of managing budget wisely, providing and making sure of the flexibility of all staffs, in terms of the duty roster, cancelling

The article presents the survey conducted by the "Modern Healthcare" publication on the increase of the salaries of chief financial officers (CFOs). It states that the bonus and the incentive income of CFOs in 2012 and 2013 increase by 26.7 percent year over year. The author states that the financial restructuring that follow the not-for-profit hospital consolidations is complicated and it requires chief financial officers to have more advanced skills which leads to higher pay for them. New responsibilities are being placed on CFOs which means base compensation is rising substantially. In addition, there are greater opportunities for them to receive bonus pay. It is noted that the ideal candidate should be someone that is a lot more sophisticated.

Human Resource Manager with responsibility for development and monitoring of the company’s plans and budget for personnel and training.

Organization chart of finance function in a typical organization is determined by each individual company, basically the size of the organization either big or small. The finance department in each typical company consist of chief financial officer (CFO), vice president, one or more accountants and a budget analyst. The head of the finance department is the chief financial officer or better known as CFO whom is also at the top of the organizational chart in finance department. Apart from being a head for the staffs under the finance department whoever report under him or her, overall planning and guidance for implementing the plan in the organization also fall under his or her job scope.

The recent growth in business, especially the new contracts, implies a significant increase of accounting transactions. It calls for qualified full-time accounting staff (rather than the current inexperienced part-time accountant), and sound financial management, which involves policies and procedures, documents and tools, to help us keep the operation on track and achieve the business goals. Being your new controller, I would be responsible for business planning. I will be mostly involved in financial forecasting and budgeting and will help in the financial analysis. I would recommend that we hire one cost accountant to conduct cost analysis and pricing; one full-time accountant to perform the routine accounting functions and assist in ad-hoc accounting activities. We should also develop useful tools to help undertake these tasks. Official reports for forecasting/budgeting, financial analysis and cash flow management should be prepared and reviewed on a regular basis, which would help in short-term and long-term planning and decision-making.