Problem-generally accepted accounting principles


Assignment:

Q1. Write 400 to 600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Health care facilities treat many types of patients. For hospitals, patients are called inpatients and stay overnight. For outpatient facilities, such as a clinic or ambulatory center, patients will arrive for an appointment, treatment, test, or procedure and then return home the same day. For a long-term facility, such as a nursing home, patients will stay for weeks or months—even years. Keeping a patient record of treatment rendered is most important to maintain a health care facility and support the reimbursement process to receive payment for services rendered. The patient record is a legal document. There is a saying in health care, “If it was not documented, it was not done.” This patient data can be in paper or electronic format.

To understand the similarities and differences of the types of patient data collected by these different facilities, and to understand the types of documents that contain this data for paper health record or electronic health record systems, complete the following assignment:

  • Describe 5 documents in the patient medical record and the purpose for each.
  • State whether these documents would be used in hospital, outpatient, or long-term facilities.

Q2. The type of data collected in each different facility's patient health records is established by required standards or regulations.

Describe each data set element, who developed the data set, and compare the similarities and differences of each data set to the others for the following 3 data sets: (2 pages)

  • Uniform Hospital Discharge Data Set (UHDDS) for inpatients
  • Uniform Ambulatory Care Data Set (UACDS) for outpatient or ambulatory patients
  • Minimum Data Set (MDS) for long-term care

Q3. Write 750 to 1,000 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Conduct research to find information about organizations that provide governance for accounting practices. Answer the following questions in your own words. Be sure to cite your references in proper APA style.

  • Explain what is meant by Generally Accepted Accounting Principles (GAAP).
  • What is the FASB, and what does this organization do?
  • What is the SEC, and what does this organization do?
  • In light of the ongoing economic crisis, do you think these organizations are doing a good job? Why or why not?
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format.

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