ipl-logo

Assignment 2: The Role Of Budgeting In Healthcare Organizations

966 Words4 Pages

Budgeting or a health care organization will allow the organization to provide more care to more patients if handled correctly. Fraud can occur when dealing with budgeting, therefore, budgeting needs to be handled by the management team only and needs to be audited regularly. Each individual in the management team needs to have reviews completed on them to know that they are trustworthy and have integrity. According to the portfolio alert, the Officer of Inspector General (OIG) is in the lobby and as the practice administrator; I will handle this situation and demonstrate to the OIG that are healthcare organization takes great precautions to eliminate this behavior of fraud. As the practice administrator I would greet the OIG in the lobby and show him to my office. I would go over how our organization has a flexible budget. This budget can cost money and time, however, allows the organization have a more in depth look on how each department operates and can predict the future of the organization accurately. According to Wolper (2013), “a flexible budget assumes that actual performance will be different from the original budget amounts and adjust the initial budgeted amounts and adjust the initial budget to accommodate the different volume of service”. (p. 277) Health care organizations do not remain static, however, …show more content…

According to Liker and Meier (2006), “become a learning organization through relentless reflection and continuous improvement”. (p. 13) Our leaders and employees at Superior Health constantly reflect on their job and try to improve it through research and the improvement team that has been implemented to create the learning atmosphere that Superior Health has. Therefore, the OIG will have a better understanding of the philosophy of Superior Health and have a sense on how we eliminate fraud in our

Show More
Related

Icd-9 In The Health Care Industry

424 Words | 2 Pages

Fraud is all around us. Especially in the health care industry. What is being done to prevent fraud from reoccurring over and over in the health care industry? In the article “New medical codes can better catch fraud, but training is needed” by Tami Rockholt, RN, BSN; Mike Fossey; Mary McLean, BS discuses the topic of health care organizations transferring from ICD-9 to ICD-10 to help decrease fraud in the coding and billing department.

Read More

Escape Fire Analysis

1358 Words | 6 Pages

In the film Escape Fire the Fight to Rescue American Healthcare, there were many insightful examples of why our Unites States healthcare revolves around paying more and getting less. The system is designed to treat diseases rather than preventing them and promoting wellness. In our healthcare industry, there are many different contributors that provide and make up our system. These intermediaries include suppliers, manufacturers, consumers, patients, providers, policy and regulations. All these members have a key role in the functionality of the health care industry; however, each role has its positives and negatives.

Read More

Quality-Guru Case Study

370 Words | 2 Pages

Healthcare leaders seeking to change the current system must work to maximize value for patients—that is, increasing access and achieving the best outcomes at the lowest possible costs. This transformation is not a single step but an overarching strategy of quality improvement (QI). Dr. Robert Janet, MD is the Medical Director at Mount Auburn Independent Practice Association, and a leader in the field doing exactly this: challenging current practices in order to improve both the physician-patient relationship and the physician experience through innovation and collaboration. I consider Rob the quality-guru in my life. With his patients, he helps them make changes by altering their outlook; they need to have enough humility and self-awareness

Read More

Mednax Case Study

137 Words | 1 Pages

Mednax is an independent group practice in the United States specializing in the delivery of neonatal, pediatric subspecialty, and anesthesia services across the country. As one of the largest accountable care organizations of its kind, the company benefits from geographic and economic scale, enabling it to spread out administrative costs across a wide network of practice locations. Its increasing scale gives it strong negotiating leverage with hospitals, especially as the company 's intangible assets the high degree of specialization of its physician workforce are in high demand and difficult to replicate (Wisner, 2016). A network effect appears to be at play, both in the company 's widening practice base and through its own proprietary

Read More

Beat The Street Essay

1733 Words | 7 Pages

Standardizing and Systematizing each of these processes has been a work in progress over the last year, and in some cases, are still under development. Budgeting processes have been a primary concern due to our non-profit status and the need to maximize financial efficiency and impact. Our budgeting processes has been refined by standardizing expenditures (stipends, operational budgets), allocating discrete sums for specific purposes (gear, apparel), and tracking/assigning costs (proper identification of expenses and establishing team accounts to track expenses). Budgeting is an area that has improved and will continue to improve as across the organization as the mentoring programs begin their standardization process. As the budgeting data increases and improves, we will be able to identify expenses which yielded the best results as determined by our agreed upon objective measures, enabling us to make better decisions about how we spend financial resources.

Read More

Sheppard Pratt Health Systems: A Case Study

1011 Words | 5 Pages

Abstract The paper reviews the organizational chart and stakeholders relationships for Sheppard Pratt Health Systems. The organizational chart for each health care organization is different depending on the size and services offer by that organization. Most organizational charts begin with either a board of trustees or the CEO. Stakeholders are anyone who has vested interest in an organization.

Read More

Health Care Stakeholders Analysis

1010 Words | 5 Pages

There are many stakeholders involved with health care administrations. Those stakeholders can be patients, health care physician, insurance providers, pharmaceutical manufactures, hospital organizations, community clinics and government. Each different stakeholder has their own individual vision of health care administration. This causes conflict due to the nature and differences in vision. which then can cause conflicts among each stakeholder involved.

Read More

The Pros And Cons Of NHS Budgeting

496 Words | 2 Pages

450 million people worldwide have a mental health problem, making ill mental health one of the most common health issues today. In recent years, understanding around mental health problems has improved dramatically, however there is still an undeniable stigma around the subject. Is a lack of knowledge the fundamental flaw in NHS budgeting, and the sole reason for thousands of deaths by suicide each year? If the NHS increased their spending on the mental health sector hundreds of thousands of lives would be improved and the strain of long waiting lists, inpatient admissions and possible devastating outcomes would be reduced dramatically. Funding for mental health services has always been significantly low, but as developments are made in understanding,

Read More

Provider Reimbursement In Healthcare

1122 Words | 5 Pages

Healthcare Reimbursement Healthcare is made up of many factors. Among those factors are provider reimbursement and the different types of financial methods used by the patients to acquire healthcare services. Provider reimbursement is important and necessary in order to maintain the continuation of healthcare. Like every organization, including non-profit organizations, require revenue in order to pay their healthcare providers, expenses accrued, and to obtain the supplies needed to aid in rendering services. With that said, this is why there are many financial methods such as third-party payers, government agencies, private health insurance, and patient payments.

Read More

Personal Health Care Administration Leadership Theory Paper

589 Words | 3 Pages

In health care, a leader must face challenges that include coping with change and capitalizing on diversity. For example, as a leader in health care, my focus is sharing knowledge and collaboration with stakeholders. Furthermore, future values that may impact an organization is usually optimizing a synergistic work environment for all which involves communicating, being flexible and maintain visions and goals. Equally important, fusing the gap between individualistic behavior, and poor organization structures lead to a team effort an a resolution. Furthermore, as a future health care leader, I foresee influences that surround negotiations, competition amongst employees, and poor

Read More

Healthcare Administrator Research Paper

891 Words | 4 Pages

When it comes to choosing your profession, and planning your career, you can never do too much research. It is important to make sure that you know what is expected of you and what steps you should take to ensure that you are well educated and prepared in every way possible. This can help solidify your interest and success in your future career goals. Healthcare administrators, also known as medical and health services managers, have a number of responsibilities that they may be asked to do depending on where they work. This can include planning, directing or coordinating, “medical and health services in hospitals, clinics, managed care organizations, public health agencies, or similar organizations” (mynextmove.org).

Read More

Importance Of Accountability In Healthcare

1090 Words | 5 Pages

Quality and measurement theories that abandon the highest levels of appropriateness, will accomplish the healthcare industry evaluates the accountability costs and impacts. Having an understanding of the scrutiny of service, responsibilities, customer satisfaction, effective service and performance, and outcome assessments are all requirements of accountability, which are part of the continuum for accountability (Ledlow & Coppola,

Read More

Essay On The Importance Of Leadership In Healthcare

1435 Words | 6 Pages

Healthcare organizations’ goals includes provide quality, value priced, safe health care services and ultimately, improve health outcomes. In addition to this primary goal, healthcare organizations also seek financial stability, community value, ethics and employee engagement. In this context, leaders are asked to efficiently use the available resources to optimize the managerial approaches to direct their teams towards more productive environment and positive interactions with patients. Healthcare setting-unlike business setting-is a more complicated system that consists of different professional teams and departments that usually don’t share the same objectives or planning strategies due to the diversity in the services provided.

Read More

Peter Senge's Vision Of A Learning Organization

765 Words | 4 Pages

Learning organization is an organization where people frequently expand their capacity to generate the results they exactly desire. Peter Senge’s vision of a learning organization as a group of people who are continually improving their capabilities to generate what they want to generate has been greatly influential. Although all people have the ability to learn, the structures in which they have to performs are usually not conducive to indication and engagement. In addition, people may insufficient the tools and conducting ideas to make sense of the condition they face. Organizations that are repeatedly expanding their ability to generate their future require a basic shift of mind among their members.

Read More

Capital Budgeting Theory

1108 Words | 5 Pages

Danielson and Scott (2006) found out that US firms with less than 250 employees take decisions on potential investments using much less sophisticated methods than those suggested by capital budgeting theory. It is observed by the authors that discounted cash flow methods are usually used less frequently than subjective assessments, payback period and accounting rate of return. Small businesses have owners with very less formal education and their teams have incomplete management teams. Hence, a lack of financial sophistication is sighted as the reason of so many small firms in the US differing so largely in practice from accepted financial theory. Many small firms also place a constraint on the number of capital budgeting analyses a firm may

Read More

More about Assignment 2: The Role Of Budgeting In Healthcare Organizations

Open Document