2. Task from last week!
Term Task
Controlling What is this?
Decision Making Give 2 examples from
Healthcare?
Financial Accounting What does this mean?
Management Accounting What does this mean?
Nonprofit organization Briefly explain this?
Organizational chart Get an example of this?
Planning Explain why this is important?
Organizing Explain why this is important?
Profit Explain what this is?
Process Give an example ?
Clinical services Why are these services?
3. Types of organization
• Profit orientated service
industry
• Not for profit – voluntary
• Nonprofit – Government
• All need information to monitor
what they are doing and how
well they are doing it
4. Systems for Healthcare
• Patient information
Identifies patient and their
information
• Healthcare records
Gathers evidence of event
• Accounting system
Records the event and process
• Reporting system
Produces information based on
this
6. Health system flow sheet for verification of
patient information Verification
Referral
Patient
data
Entered into
system
Accounts Clark
generates report
Report to manager
outpatients/inpatients
Patient information
validated
Checked at next visit
Information
correct?
Information
corrected
No
Form logged
as patient
account
Yes
Data inputted to
CDB for accounts
Health Record activatedPassed to billing
7. Examples?
• Patient details?
• Lab results?
• Insurance payments?
• Weekly clinical managers
report?
• HR workflow?
Set in place a workflow sheet for
one of the above
8. Books and records
• All transactions need to be
logged and traced within the
system.
• In financial terms these link to
journals and Ledgers
Main Ledger
Journal of trans
Journal of trans
9. Annual Management
cycle
Reports generated from the ledgers
(electronic)
As information is processed and
verified raw data will errors
daily or weekly operating reports -
will have more raw(non verified
data) – used on day to day
management
Quarterly reports – Data has been
verified, adjusted and balanced
Fiscal year-accounting cycle for 12
months
10. Communicating financial
information to others
• Reports based on information
• Use acceptable terminology
• Use standard formats that are
acceptable
• Begin with an executive
summary
• Body of report has logical flow
• Any extensive details as
appendix
