Health Care Financial Accounting

Read Me First HCS/405

Health care technology is in a time of discovery and innovation. Electronic health and medical records are not an automation of previous paperwork records. Today, health care organizations enjoy a system that records all original events, allows physician orders to be instantly forwarded, and allows for bedside collection of lab specimens that are electronically read and forwarded to the lab for official report. Pharmacy orders are automatically checked against other patients’ medications and allergies, against any drug or food interaction, and against a patient-specific safe dose to prevent accidental overdoses. Communication inside the facility is enhanced by small transceivers worn by key personnel. The patient’s ID bracelet may contain a tracking chip to ensure that the patient may be located at any time. All of these innovations save time and save the patient from a system’s errors. All these technologies compete with other urgent priorities for funding, and future health care managers must make these decisions.

INSTRUCTIONS:

CITE / REFERNCE EACH QUESTIONS

USE PROPER APA GUILDLINES

QUESTIONS 1 TO 9, 180- 200 WORD COUNT

Textbook for Referencing:

Baker, J. J., & Baker, R. W. (2013). Health Care Finance: Basic Tools for Nonfinancial Managers (4 edition). Jones & Bartlett Learning.

1. Why is the effective management of the trade-off of information and information technology cost important to the organization?

2. Read frs- What may you do as a health care financial manager to ensure that your knowledge of new developments in technology is kept current?

3. Chap 24- Do you use electronic health records in your own work? If so, how do you use them?

4. Chp 24- Have you encountered materials either at your place of work or elsewhere that discuss the HITECH financial incentives for either hospitals or physicians? If so, do you think these materials did a good job of describing the incentives? Please explain.

5. Chap 25- Do you know of an organization that has progressed from Stage 1 to Stage 2 in the HITECH initiative? If so, can you describe this progression?

6. Chap 25- Why do you think the federal policymakers decided to make the names public on a government website?

7. Chap 26- Do you believe your place of work (the organization) has been affected by the ICD-10transition? If so, how has your organization been affected? If not, why not?

8. Chp 26– Has your own area of work been involved in the transition to ICD-10? If so, are you aware of how project management progressed? If you had the ability to do so, how would you have changed management of the project?

9. How Do Future Healthcare Trends Impact Finance Technology

Based on the reading of the chapters this week, what are the future trends in healthcare  finance  technology related to the healthcare trends you have reviewed, i.e. How might an EHR or the ICD-10 conversion impact financial technology?

10. Reflect on the following: Write a 200- to 350-word response.

How might financial managers budget for unforeseen changes and improvements in information technology that require large capital outlays?

11. Complete the worksheet below according to the following guidelines:

· In the space provided, write each term’s definition as used in health care management. You must define the term in your own words.

· In the space provided after each term’s definition, summarize a health care management scenario that illustrates the importance of the skill, concept, procedure, or tool to which the term refers. In the scenario, you may wish to consider the following:

· Why is the skill, concept, procedure, or tool necessary for accurate record keeping, operational efficiency, excellent patient services, employee management, regulatory compliance, reducing costs, forecasting, and so forth?

· What successes are enabled by an adequate understanding or appropriate application of the skill, concept, procedure, or tool?

· What risks or failures are associated with an inadequate understanding or inappropriate application of the skill, concept, procedure, or tool?

· Must- Please remember to identify sources and use proper attribution (citations and references) for all information obtained from outside sources.

Term	Definition	Scenario
Electronic health record
Electronic prescribing
Health information technology
Situational analysis
SWOT analysis