Medical or health care accountants are the persons who maintain financial
records of for health care like hospitals, companies of health insurance and the
practices which are done by private physicians. The medical
accountant must comply with all the laws of federal, state, and the
local area in the fields of health care management as well as accounting. The
minimum qualification on the educational background which is needed for
acquiring the position of a health care accountant is a bachelor's degree in the
field of accountancy. Many employers also prefer the applicants having a
master's degree in accountancy or in health care administration with a good
grade in the specified subject. There are several institutes and schools which
offer professional training through the internships. They are highly beneficial
for those who are new in this field and wants to gain experience.
The department of accounting has a vital role within the medical office. Since it is the pivot of the organization, it helps in the organization in operating at its top level. This is because, the accounting department helps the organization to operate in such a manner so that cost is reduced. The Generally Accepted Accounting Principles (GAAP) are the accounting standards and principles which are used by the company to prepare their financial statements. The organizations may operate in a different manner, but they have to follow a defined set of guidelines which is within the community and the state level along with the federal level. The four components recognized are planning, organizing, controlling and decision making.
To run a medical organization, the first and foremost factor is the overall satisfaction of the patient and allowing the department of accounting to carry out its financial functions with accuracy. Today, more than 37,000 people are respected as a medical accountants for solving the accounting issues of the health care industry. The accountant personnel must maintain his ethics and trustworthiness. This means that they should be avoiding certain situations that arouses conflicts of interest in a superficial level. Conflicts with the vendors along with the other medical accounting services gives rise to the inflated price of products and other services. This is done to increase the earnings of the hospital. A doctor in a hospital prescribes a drug to the patient not because it is the choice of the patient but because of the financial incentive he receives, offered by the supplier of the drug.
The changes on the leading edges for the medical accountant is based on the accounting principles which are generally accepted. The healthcare accountant should be responsible both to the patients and to his employer. When the conflict of both parties arises due to the unethical practices, the employee should render his services to his profession by questioning the unethical practices and by reporting them to the higher authorities. This responsibility is ethical in nature and he offers a balanced system to protect the patient's interest within the legal parameters that are established by the government of a particular country.
Content Source : https://duncandovicoau.wordpress.com/2015/09/14/qualifications-jobs-and-responsibilities-of-the-healthcare-accountant/
The department of accounting has a vital role within the medical office. Since it is the pivot of the organization, it helps in the organization in operating at its top level. This is because, the accounting department helps the organization to operate in such a manner so that cost is reduced. The Generally Accepted Accounting Principles (GAAP) are the accounting standards and principles which are used by the company to prepare their financial statements. The organizations may operate in a different manner, but they have to follow a defined set of guidelines which is within the community and the state level along with the federal level. The four components recognized are planning, organizing, controlling and decision making.
To run a medical organization, the first and foremost factor is the overall satisfaction of the patient and allowing the department of accounting to carry out its financial functions with accuracy. Today, more than 37,000 people are respected as a medical accountants for solving the accounting issues of the health care industry. The accountant personnel must maintain his ethics and trustworthiness. This means that they should be avoiding certain situations that arouses conflicts of interest in a superficial level. Conflicts with the vendors along with the other medical accounting services gives rise to the inflated price of products and other services. This is done to increase the earnings of the hospital. A doctor in a hospital prescribes a drug to the patient not because it is the choice of the patient but because of the financial incentive he receives, offered by the supplier of the drug.
The changes on the leading edges for the medical accountant is based on the accounting principles which are generally accepted. The healthcare accountant should be responsible both to the patients and to his employer. When the conflict of both parties arises due to the unethical practices, the employee should render his services to his profession by questioning the unethical practices and by reporting them to the higher authorities. This responsibility is ethical in nature and he offers a balanced system to protect the patient's interest within the legal parameters that are established by the government of a particular country.
Content Source : https://duncandovicoau.wordpress.com/2015/09/14/qualifications-jobs-and-responsibilities-of-the-healthcare-accountant/
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