Posts Tagged: health care

No Deal

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized, Video Updates.

According to Reuters, U.S. health insurer, Cigna (CI.N) has ended its attempt to negotiate an acquisition of rival Humana (HUM.N) after the pair failed to agree on price. Questions: 2. Cigna is still exploring the sale of its Medicare Advantage business. What does this segment focus on? 3. Cigna is planning to do a total of how much total… Read more »

An Update to Walmart’s Pledge to Fight Systemic Racism

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Behavioral and Social Issues Related to Accounting, Cost Accounting, Ethical Dilemma, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

In the wake of the George Floyd protests, Walmart pledged to contribute $100 million over 5 years to fight systemic racism. Today, the company reported on its progress. Questions: How much will Walmart and its foundation distribute to 16 nonprofit organizations in its current contribution? Who did Walmart ask to lead the company’s Center for… Read more »

Would you rather make a Type 1 or Type 2 Error Regarding the Emergency Room Visit?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

Jim Burton thought he was dying after lifting a box in his garage last and feeling a large jolt in his back. When his health insurer, Anthem, refused to pay for his E.R. visit of $1,722, citing that care was not needed right away, Jim learned that Anthem denied thousands of claims last year under… Read more »

The Amazon of Health Care?

Posted by & filed under Accounting Information Systems, Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Ethical Dilemma, Financial Accounting, Financial Reporting and Analysis, Intermediate Accounting, Managerial Accounting, Uncategorized.

According to Slate.com, the University of Pittsburgh Medical Center, a sprawling health system that dominates much of western Pennsylvania’s health care market, announced that it would spend $2 billion to build a trio of new hospitals within its home city. Questions: 1. What was the purpose of each of the three hospitals? 2. What was… Read more »