Health Care Financial Accounting Essay Example for Free

Health Care Financial Accounting Essay It is essential in any business, not just health care to understand how finances directly affect the growth, success and longevity of the business and all its parts. To truly understand how finance affects business it is important to gain knowledge and understanding of how the business generate revenue ,the cash flow of money that comes into the business, how bills are paid and money leaves the business and how investments are made in the business that can directly and indirectly impact the financial growth of the organization. In health care organizations there are different factors that come into play in the financial department but ultimately the process of generating revenue and paying debts are the same as any other business organization. The following items will be addressed in the review of Patton-Fuller financial statements: Annual report, including Patton-Fuller financial statements and relationship between revenue sources and expenses on Patton-Fuller’s financial performance. How did the audited and unaudited financial statements differ? In general the audited reports are more formal than the unaudited reports. The audited report includes the company’s history, a CFO report, a message from the CEO, and a report of independent auditors. The audited and unaudited financial statements differ slightly in data in some areas for Patton- Fuller Community Hospital. Under the assets section in the numbers for patients accounts receivable numbers differ slightly from 2009. In 2009 on the unaudited report it provides the data of 59,787 and on the audited it has 58,787. This also leaves the total current assets and the total assets to differ slightly for 2009. On the audited report total current assets for 2009 are 127,867 and on the unaudited report it has 128,867. On the unaudited report the total assets for 2009 are 588,767 and 587,767 on the audited. Under the total liabilities calculations the retained earnings for 2009 differ slightly. The data for 2009, on the unaudited report gives 126,564 while the audited report gives  125,564. What is the effect of revenue sources on financial reporting at the hospital? The effect of revenue sources on financial reporting at the hospital are that it is variable and could adjust as the reports get audited and could change year to year. Revenue comes from a few different sources and can be located on the financial statements and reports for the year. According to the information on the balance sheet, the sources of the â€Å"Other Revenue† are third party payers of patient bills. For the income statement, the revenue is used to calculate the operating income and ultimately the net income. The Net Income value is factored into our â€Å"Statement of Owners Equity† report to give us our end of the year value for retained earnings and stockholders equity. Net patient revenue is the first and foremost source of income for Patton-Fuller Hospital. Other sources of reve nue come from borrowing monies, equity from stock or capital, and company assets. In 2008, the net patient revenue was $418,509 in the audited report. The total other revenue for 2008 accounted for $2,805 in the audited report as well. These amounts did not change from the unaudited report. The net patient revenue for 2009 was $459,900, and other revenue was $3,082 for that year. For Patton-Fuller Hospital, the income statement shows the total revenues increased by $41,668 from 2008 ($421,314) to 2009 ($462,982 Upon further reading on the reports we find that the total expenses goes over the amount of revenue the hospital is bringing in. The total expenses for 2008 were $437,424 and for 2009 it was $463,293. ). However, since expenses continued to exceed the total revenues, our net income remained a net loss in 2009 ($373). So the overall effect of the sources on the hospital is that the hospital is going in debt because they cannot match revenue with expenses as part of the GAAP (Generally Accepted Accounting Principles). How are the hospital’s revenues and expenses grouped for planning and control? The Patton Fuller Community Hospital’s statement of revenue and expense is grouped for planning and control as it is itemized out by the different types of income and expenses. Patton-Fuller Hospital groups all revenues into two categories for planning and control, the first category is net patient revenue, and the second is other revenue. Other revenue can be broken up into sub categories like revenue from assets, capital, and stock but I believe the idea of bunching them together is so it is easier to stay organized. This gives managers a clear picture as to what type of services  are receiving the most income and causing the most expenses and designed to make it easier to calculate the total net revenue from the two main sources. Expenses are broken up a little further in the financial statements; expenses are broken up by salaries and benefits, supplies, physician and professional fees, utilities, other expenses, depreciation amortization (non-cash expenses), interest, and provision for doubtful accounts. Provision for doubtful accounts would also include any changed due to being audited. These are broken up further to show where the money goes each financial period for future planning and helping to predict future expenses; this information can assist a manager in planning future budgets and in making financial adjustments to increase revenue and decrease expenses. The total expenses for 2008 were $437,424, and for 2009 they were $463,293. In 2008 the difference between the revenue the hospital brought in versus what their expenses were was $16,110. The difference in 2009 was $311 from what there revenue was verses what their expenses were. The detailed way in which the expenses are laid out allows an individual to clearly see where finances are going and highlight any warning signs that a certain department or service is costing the hospital too much and needs to be re-evaluated. Conclusion After reviewing these statements it is a clear picture that Patton-Fuller Hospital had a undeniable difference in the 2008 versus the 2009 financial statements. The numbers and financial ratios show a decrease in revenue and no improvement for the overall growth of the hospital. A good practice for the hospital’s financial managers is to regularly review the financial reports and statements to help project and plan for the differences in the audited and unaudited reports for Patton-Fuller hospital. References Apollo Group. (2013). Patton-Fuller Community Hospital Virtual Organization [Multimedia]. Retrieved from Apollo Group, HCS405-Health Care Financial Accounting website.

Levinas on the Border(s) :: Teaching Education

Levinas on the Border(s) ABSTRACT: This essay explores my own situation of teaching philosophy in a more or less traditional undergraduate setting but in a way that is especially relevant to the theme of this Congress, namely, the theme of "philosophy educating humanity." In my case, I teach philosophy but from a perspective that is non-traditional and which undercuts the standard questions originating from and orienting around a "philosophia perennia." Specifically, I teach philosophy of religion from the perspective of Jewish philosophy, and even more specifically, from the perspective of the French Jewish philosophy of Emmanuelle Levinas. Moreover, I teach philosophy in an educational environment that is representative of the greater global community because I teach at the University of Texas at El Paso, situated on the border that separates the United States and Latin America. Finally, my teaching situation is one that is further marginalized because of the precarious nature of my academic position, name ly, trained outside the traditional borders of philosophical faculty and working at first as a part-timer and only recently as a full-time, non-tenure track teacher of philosophy and humanities. Hence, I offer my experience of doing work of successfully teaching philosophy "on the borders" in the hope that others gathered here will be challenged to think differently about their own way of educating others. What follows is about teaching the philosophy of Levinas, on the Mexico/USA border, on the border of a traditional discipline of philosophy (the philosophy of religion), and on the border of academia--as a non-tenure-track, non-traditionally trained Lecturer in Philosophy and Humanities at the University of Texas at El Paso. The relevance of these three interrelated themes for the Twentieth World Congress of Philosophy, whose theme is "Philosophy Educating Humanity," should be at least initially obvious, but a few preliminary remarks should clear up any confusions about my title. Most important of all, my scope is broader and deeper than the stated regional or academic limits. I contend that how I do what I do where I am at, and with whom I teach and learn has inter-national and inter-cultural significance which justifies inclusion of my remarks in an international Paideia forum. As a non-Jew with a degree in Religious Studies, I teach the philosophy of Levinas, a French-Jewish philosopher, in a relatively traditional Program of Philosophy to Spanish-speaking-Mexicans, Mexican-Americans, and Anglo-Americans. Moreover, I do so in the predominantly Christo-centric and conservative cultural climate of the border region of El Paso, USA and Juarez, Mexico.

Psychology As A Science

Psychology being categorised under the name science, can often lead to disputes within the field of sciences. Psychology is the observation of behaviour and thought process of the human mind, within itself it is a vital source of knowledge, such as how biology, chemistry and physics provides a source of knowledge that is vital to humans and the environment. Science can be seen as the study of natural behaviours and physical aspects of the world, this definition within itself accompanies itself with the idea that psychology is a science, as behaviours are studied within the field of psychology.Eysenck and Keane (2000) believed that to make something a science it must have the following features, controlled observation, in which a specific manipulation is observed to see the effects. Secondly objectivity, as when data has been collected objectively it reduces the possibility of bias, thirdly testing theoretical predictions, because if a theory is not tested there is no evidence to prov ide if it is right or wrong.Fourthly is falsifiability, which means the scientific theory has the potential to be proved wrong by evidence, fifthly is the unifying theory which is every subject within the sciences has a unifying approach all theories are based off. Finally there is the fact of is any research conducted replicable, as it is hard to rely on studies that could provide inconsistent findings. Although providing clear guidelines on what makes a science, there are still some aspects which make the divide not as clear as believed.For example psychology uses the scientific method in some of the studies conducted, which is used throughout science for all research, so this aspect can be seen to make psychology a science. Too many the field of psychology is classed as a science; the science of the mind, as it looks at the most complex thing on Earth, the human mind, all theories on behaviours and thoughts stem from psychology (BBC, 2013).In many areas psychology and the three s ciences (physics, biology and chemistry) have similarities, for example, the sciences can be seen as reductionist as they try to take a complex behaviour or physical problem and break it down in to a simpler form. Many theories within psychology on similar problems can also be seen as reductionist as it aims to take complex behaviours and thoughts and break it down in to easier components to study.An example of this can be shown by Freud (1909), Freud believes behaviour stems from the unconscious mind, making it a reductionist as it does not take biology or other factors in to account. Reductionism can be seen to be an advantage when it comes to conducting a study as it means testable predictions can be created, and then can be carried out in a controlled experiment. Although by making a reductionist theory can also cause disadvantages such as falsifiability. Popper (1963) believed falsifiability was key to science, as science does not seek to prove its own theory right, but tries t o confirm it as wrong.This means that if a theory is un-falsifiable then it is not scientific, psychology in many sectors is falsifiable through problems such as reductionism, but there are also theories that are un-falsifiable as they are untestable such as many of Freuds (1909) theories display, for example the Oedipus complex can neither be proven nor disproven. As well as having issues with falsifiability psychology also lacks the objectivity needed for science to make it truly scientific, as without objectivity the research is prone to becoming bias.Even in experiments such as Skinners (1956) rat experiment can be shown to be subjective, because although the rat is pressing the lever and the lever presses are recorded automatically, it is still down to the opinion of the researcher on when he believes the rat has learnt by pressing the lever they get a treat. This can be counteracted on the bases that psychology has the unique position of studying the human mind which in itself is difficult to operationalize, as not all parts of the behaviour and thoughts can be measured scientifically, which unlike atomic mass or miles per hour in science can be.Science within itself can also come across problematic issues over control and objectivity. An example of this is the Heisenberg Uncertainty Principle â€Å"The more precisely the position is determined, the less precisely the momentum is known in this instant, and vice versa. † (Heisenberg, 1972) which means if something is precisely measured, and a hypothesis is believed to be true, it can often distant the researcher from the actual result. An issue with measuring investigations using the scientific method in general is it can restrict and affect answers within itself.An example is it can be argued that laboratory experiments are very artificial, so do not provide a clear picture of what would happen in real life terms. As well as sharing similarities with science on the basis they both have issues with control and objectivity, they both also share the same goals. They have three aims, the prediction, understanding and control over a study. Scientists and psychologists both put a theory forward, these theories in both cases lead to a creation of a hypotheses, this is the prediction.The next step is the understanding which is when you receive results from a prediction it should give the researcher and anyone reading the report a greater understanding of that subject. Control is the final step, the knowledge gained from the proven hypothesis provides knowledge which can be used to alter certain factors in the world. The three aims of science are according to Allport (1947), psychology follows these same three aims throughout studies, reporting and publishing work just as biology, chemistry and physics do.Throughout psychology the scientific method is used, but not in all areas although science has default problems itself with the scientific method. So it cannot always be said subjec ts within science always stick within the scientific boundaries themselves. Another point within psychology is psychology is a ‘new’ science, biology, chemistry and physics have been in service for a good period longer, so it may be in time more likely to be classed as a science.Nevertheless Miller (1983) would argue psychology is just a pseudoscience, an approach that claims to be scientific but does not have the key principles of science, he claims this can be dangerous as psychology is claiming to be a science, it provides the false ideal that their findings is ‘fact’. Although in comparison it could be argued that there is no ultimate knowledge of human’s behaviours and thoughts, so there must be a science to take over this role of discovering behaviours and thoughts.Science may study the physical aspects of the brain e. g. hormones that can be proven through empirical evidence, but it does not study the unknown areas such as behaviours, this is where psychology can provide answers. For example Piaget’s (1966) stages of development theory, that people develop starting at the pre-concrete stage and move throughout these stages until they reach the formal stage, science does not provide an answer for how humans develop in this sense.In conclusion psychology may seem like a vague  subject with no clear goals or guidelines, but it does have aims, its aim is to study the mind, the way people behave and think. Science still has unexplainable occurrences, that have no empirical evidence so in turn cannot be falsified, which in itself should make it not scientific. Psychology can provide answers for what science cannot explain, such as how memories are stored, psychology provides a theory for this whereas science does not. In conclusion psychology can be seen as a science to explain human behaviour that other sciences cannot.

Jimmy Hoffa Essay - 2308 Words

Jimmy Hoffa was a very powerful leader and president of the International Brotherhood of Teamsters, Chauffeurs, Warehouseman, and Helpers of America, whose mysterious disappearance, suspected of being Mafia connected, on July 30, 1975 has never been solved. Hoffa was a major figure in the Supermob, the go-betweens of the upper world and the mafia world. As the Teamster president, Jimmy had two very important voters: his members and the gangsters that helped him move up the ladder to union success. Hoffa served his gangster associates by writing them into Teamster union power and Teamster union pension-fund cash. In his Supermob role, Hoffa did more to expand the affluence of the gangs and knit them into the fabric of American life than†¦show more content†¦2 Lois Linteau, a close family friend was the next to be questioned. Hoffa made a stop at Linteaus airport limo service at about 1:30 PM. Linteau and the limo service president, Cindy Green, had left ten minutes prior to Jimmys arrival. Hoffa allegedly drove on to the restaurant.2 At about 3:30 PM, Linteau received a telephone call from Hoffa. Jimmy had told him he was on his way to meet Tony G., Tony P., and a man named Lenny. Linteau said that Jimmy sounded furious on the phone. He also expected Hoffa to show up back at the limo service, but he never did. At 8:00 PM, Linteau called the Hoffa home to speak with Jimmy. When Josephine told him Jimmy was not there, he thought she was joking. He hung up with Josephine and called Cindy Green and suggested that the two of them go and wait for Jimmy with Josephine. They ended up spending the night. At 4:30 AM, Josephine woke Linteau up informing him Jimmy still was not home. Linteau and Green then went back to their office. Later that morning, Linteau went to the parking lot of the Machus Red Fox to look for Jimmy. At 7:20 AM, July 31, Linteau arrived at the parking lot and discovered Hoffas 1974 four-door green Pontiac Grand Ville. 3 He immediately called Police Chief Bill Hanger. Chief Hanger was not in, so he left a message and called the Bloomfield Township Police. They informed him he would have to wait until 8:00 AM to have someone check it out. By 8:15 AM, Captain James Keller of theShow MoreRelatedEssay on Jimmy Hoffa2384 Words   |  10 PagesJimmy Hoffa was a very powerful leader and president of the International Brotherhood of Teamsters, Chauffeurs, Warehouseman, and Helpers of America, whose mysterious disappearance, suspected of being Mafia connected, on July 30, 1975 has never been solved. Hoffa was a major figure in the Supermob, the go-betweens of the upper world and the mafia world. 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