Reporting Practices and Ethics Paper

Planning is when the financial manager identifies the stairs that moldiness be taken to accomplish the system of ruless objectives. The purpose is to identify objectives and then to identify the steps required for accomplishing these objectives. Controlling is when the financial manager makes sure that each atomic number 18a of the fundamental law is following the plans that ingest been established. The purpose of controlling is to ensure that plans are being followed.Organizing is when the financial manager decides how to use the resources of the organization to nearly effectively carry out the plans that dedicate been established. Directing is when the manager works on a periodical basis to keep the results of the organizing running efficiently. The purpose is to ensure effective resource use and provide daily supervision. Decision making is when the financial manger makes choices among available alternatives. Decision making actually occurs parallel to planning, organiz ing, and controlling.All types of dissuademination making rely on information, and the primary tasks are analysis and evaluation. The purpose is to make informed choices (Baker and Baker, 2001). drumhead of generally accepted accounting principles and general financial honest standards Most health financial aid organizations operate on the accrual accounting basis. With this type of accounting revenue is preserve when it is earned-not when payment is received and expenses are record when they are incurred-not when they are paid.Ethical finale making is required when the health wangle executive mustiness balance the ask and interests of the individual, the organization and society. Those involved in the decision making process must consider estimable principles such(prenominal) as justice, autonomy, beneficence and fairness, as well as professional ethical standards and codes. Physicians, nurses, and other caregivers may to begin with address ethical issues on a case-by-ca se basis. Healthcare executives also assume a business to address those issues at broader organization, community, and social levels ACHE, 2007). Examples from articles that reflect ethical standards of conduct and financial reporting practices. Explain importation of each example. In May 2004, Larry J. Tyler wrote in an article that financial managers need to keep their own individualised finances in order. If a financial manager is living too close to the edge on his/her own finances or are in fear of losing their job, and then they are more in all likelihood to bend their convictions (Tyler, 2004).The importance of this example is so financial managers do not fix the books to make the organization look better than it actually is. If someone thinks that their job is on the line, they are more probable to do what others want them to do as well. In an article written by Joe Batte, a healthcare residence specialist, he reported that state and federal agencies are increasing th eir efforts to eliminate fraud and sophisticate in healthcare.Batte defines fraud as Knowingly and willfully executing or attempting to execute, a scheme or subterfuge to defraud any health care benefit program. Or to obtain, by means of false or fraudulent pretenses, representations or promises, any of the money or property owned by, or under the imprisonment of, or control of, any health care benefit program. Batte defines make fun as Abuse is be as receiving payment for items and service when there is no legal entitlement for that payment and the provider has not knowingly or intentionally misrepresented the facts to obtain payment.Abuse may, directly or indirectly, result in unnecessary cost to the Medicare or Medicaid programs for services which fail to meet recognized standards of care, or that are medically unnecessary. Whether its abuse or fraud, the fact that a provider can lose everything through being excluded from state and federal health care programs participat ion makes it imperative to run the providers company in a professional, compliant, and business-like fashion. It is also wise to know what is currently being done by the agencies that oversee our health care systems (Batte, Joseph R. 2001). In the articles above, knowledge of what can happen to someone, or the organization as a whole, will discourage managers of falsifying financial reports. Education is key to any position, whether healthcare or another. Knowledge of the consequences will serve well keep managers on the straightened arrow. Conclusion It is incumbent upon healthcare executives to lead in a manner that sets an ethical tone for their organizations. Education in ethics is an important step in healthcares executives life-long trueness to high ethical conduct, both person-to-personly and professionally.In todays more aggressive enforcement environment it pays to nominate an active accordance program in effect, make sure that documentation is complete and legible, a nd dont assume that the small or medium sized provider is not going to be reviewed on a regular basis. The medical industry is held to a higher standard of ethics and many of the overseeing agencies are now using their considerable arsenal to make sure that fraud and abuse reduction is on everyones front burner.Reporting Practices and Ethics PaperPlanning is when the financial manager identifies the steps that must be taken to accomplish the organizations objectives. The purpose is to identify objectives and then to identify the steps required for accomplishing these objectives. Controlling is when the financial manager makes sure that each area of the organization is following the plans that have been established. The purpose of controlling is to ensure that plans are being followed.Organizing is when the financial manager decides how to use the resources of the organization to approximately effectively carry out the plans that have been established. Directing is when the manager works on a everyday basis to keep the results of the organizing running efficiently. The purpose is to ensure effective resource use and provide daily supervision. Decision making is when the financial manger makes choices among available alternatives. Decision making actually occurs parallel to planning, organizing, and controlling.All types of decision making rely on information, and the primary tasks are analysis and evaluation. The purpose is to make informed choices (Baker and Baker, 2001). synopsis of generally accepted accounting principles and general financial ethical standards Most healthcare organizations operate on the accrual accounting basis. With this type of accounting revenue is recorded when it is earned-not when payment is received and expenses are recorded when they are incurred-not when they are paid.Ethical decision making is required when the healthcare executive must balance the call for and interests of the individual, the organization and society. Those involved in the decision making process must consider ethical principles such as justice, autonomy, beneficence and fairness, as well as professional ethical standards and codes. Physicians, nurses, and other caregivers may primarily address ethical issues on a case-by-case basis. Healthcare executives also have a function to address those issues at broader organization, community, and social levels ACHE, 2007). Examples from articles that reflect ethical standards of conduct and financial reporting practices. Explain import of each example. In May 2004, Larry J. Tyler wrote in an article that financial managers need to keep their own personal finances in order. If a financial manager is living too close to the edge on his/her own finances or are in fear of losing their job, and then they are more likely to bend their convictions (Tyler, 2004).The importance of this example is so financial managers do not fix the books to make the organization look better than it actually is. If s omeone thinks that their job is on the line, they are more likely to do what others want them to do as well. In an article written by Joe Batte, a healthcare compliance specialist, he reported that state and federal agencies are increasing their efforts to eliminate fraud and abuse in healthcare.Batte defines fraud as Knowingly and willfully executing or attempting to execute, a scheme or stratagem to defraud any health care benefit program. Or to obtain, by means of false or fraudulent pretenses, representations or promises, any of the money or property owned by, or under the bonds of, or control of, any health care benefit program. Batte defines abuse as Abuse is delimit as receiving payment for items and service when there is no legal entitlement for that payment and the provider has not knowingly or intentionally misrepresented the facts to obtain payment.Abuse may, directly or indirectly, result in unnecessary be to the Medicare or Medicaid programs for services which fail to meet recognized standards of care, or that are medically unnecessary. Whether its abuse or fraud, the fact that a provider can lose everything through being excluded from state and federal health care programs participation makes it imperative to run the providers company in a professional, compliant, and business-like fashion. It is also wise to know what is currently being done by the agencies that oversee our health care systems (Batte, Joseph R. 2001). In the articles above, knowledge of what can happen to someone, or the organization as a whole, will deter managers of falsifying financial reports. Education is key to any position, whether healthcare or another. Knowledge of the consequences will sustain keep managers on the straightened arrow. Conclusion It is incumbent upon healthcare executives to lead in a manner that sets an ethical tone for their organizations. Education in ethics is an important step in healthcares executives life-long commitment to high ethical cond uct, both personally and professionally.In todays more aggressive enforcement environment it pays to have an active compliance program in effect, make sure that documentation is complete and legible, and dont assume that the small or medium sized provider is not going to be reviewed on a regular basis. The medical industry is held to a higher standard of ethics and many of the overseeing agencies are now using their considerable arsenal to make sure that fraud and abuse reduction is on everyones front burner.