HSA 1012 Lecture Notes - Lecture 2: Informed Consent, Decision-Making, Joint Commission

• School: St. John's University
• Department: HSA - HEALTH SERVICES ADMINISTRATION
• Course: HSA 1012
• Professor: Mitchell Defrin

Document Summary

Purpose is to provide accounting info, generally historic in nature, to external users, including owners, lenders, suppliers, the govt. and insurers: managerial accounting. Most important objective of healthcare financial management is to generate. Net income by investing in assets and putting the assets to work: to respond to regulations, to facilitate relationships with third-party payers, to in)luence the method and amount of payment. How we"re paid and how much we"re paid. Third payer parties asks healthcare organizations for discounts if they provide large numbers of patients. Also asks healthcare organizations to assume part of )inancial risk for patients by agreeing to a prospective payment (advance to a price for providing care to a patient). Loss of money if they provide care that costs more than the prospective payment: to monitor physicians. Potential )inancial liability to the organization: to protect tax status. For-pro)it seeks ways to reduce their tax liability.