2010, October 12 Governmental and Private Sector Accounting in the Healthcare Field
Governmental and Private Sector Accounting in the Healthcare Field: Reducing Costs to Make Healthcare More Affordable
Healthcare costs have risen astronomically over the past two decades and this has resulted in the role of accounting in the health care industry undergoing change. It is reported that the "escalation in medical costs has been the number one issue in health care for almost three decades. The Government and third party players have attempted to reduce the cost of health care by either paying a fixed fee for a procedure or a pre-approved annual budget based on a defined patient mix and census projection." (Seetharaman, Raj, and Saravanan, 2010, p. 1) According to the American Medical Association, "inefficiencies in health care delivery add cost and detract value from the health care system." (nd, p. 1) Noted as factors that contribute to inefficient use of services are those of: (1) fragmentation of care; (2) lack of available data resulting from comparative effectiveness research (CER) and lack of incentives to consider both costs and benefits in health-related decisions. (American Medical Association, nd, p.1)
I. Accounting Problems in the Health Care Industry
It is reported that the primary problems that accounting in the health care industry face are those of: (1) lack of research in the health care industry of the supply chain system; (2) too many different approaches to research of the integrated systems and information technology which results...
Lack of accountability, transparency and integrity, ineffectiveness, inefficiency and unresponsiveness to human development remain problematic (UNDP). Poverty remains endemic in most Gulf States with health care and opportunities for quality education poor or unavailable, degraded habitats including urban pollution and poor soil conditions from inappropriate farming practices. Social safety nets are also entirely inadequate and all form part of the nexus of poverty that is widely prevalent in Gulf countries.
This situation was also due to slower growth in prescription drugs. Other categories that reported slower growth include: physician and clinical services, home health care, and other professional services. Regarding prescription drug spending, the value increased 5.8%. For the previous year, the increase was of 8.6%. The reason for this category's evolution is Medicare drug spending significant deceleration, along with generic drugs increased use. Use of brand name drugs was
Organisational Cultures and the New NHS The role of the PFI in the NHS This chapter aims to analyse the United Kingdom's (UK's) National Health Service (NHS), revealing its origins and the key aspects of organizational culture in both the public and private sectors. The PFI in the UK is now one of the major ways in which public sector services have been created in the UK (Broadbent, et al., 2002). However, it
This role is in response to clients' demands for a single trustworthy individual or firm to meet all of their financial needs. However, accountants are restricted from providing these services to clients whose financial statements they also prepare." (U.S. Department of Labor, Bureau of Labor Statistics, 2009) 1. Public Accounting The work entitled: "The Reality of the CPA's Role" states that modern CPAs work "behind the scenes as trusted advisors in
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Veterans & Retirees; Is Government Keeping its Promise This study aimed at exploring the experiences and perceptions of Veterans belonging to Lousiana and Mississippi about three variables; the accessibility of organization; the accessibility of benefits and availability and adequacy of the facilities being provided by government through VA. The respondents were also asked to suggest whether there is a need for improvement and what should VA do to provide benefits and
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