Shaking up Pricing

Posted by & filed under Accounting Information Systems, Accounting Principles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Uncategorized.

Because the costs of health-care are rising, along with higher insurance deductibles and co-pays, the way medical services are being delivered is changing. unlike hospital ERs and urgent care centers, retailers, such as grocery and drugstore chains, who operate in-store clinics are displaying pricing information upfront for consumers paying cash. Questions: 1. What are the… Read more »

New Study on Hospital Costs

Posted by & filed under Accounting Information Systems, Accounting Principles, Auditing, Cost Accounting, Financial Accounting, Intermediate Accounting, Managerial Accounting, Video Updates.

Twenty of the 50 U.S. hospitals that charge the most for their services are located in Florida — and all but one of them are for-profit, according to a study released Monday. Questions: 1. Which facility is at the top of the list for charging the most and how many times more do uninsured patients… Read more »

Don’t Pay that Medical Bill: The Truth about Balance Billing

Posted by & filed under Accounting Information Systems, Accounting Principles, All Articles, Auditing, Cost Accounting, Financial Accounting, Fraud Accounting, Intermediate Accounting, Managerial Accounting.

As health-care costs continue to soar, millions of confused consumers are paying medical bills they don’t actually owe. Typically this occurs when an insurance plan covers less than what a doctor, hospital, or lab service wants to be paid. The health-care provider demands the balance from the patient. Questions: 1. Explain why balance billing is… Read more »

Ouch! Sometimes Consent Forms Hurt!

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

According to the New York Times, an increasingly common practice used by hospitals is that some medical experts call drive-by doctoring assistants, consultants, and other hospital employees into cases and these incidents are charging patients or their insurers hefty fees. Most times patients do not realize these individuals have been involved or are charging until… Read more »

Billing Outlier or Fraud?

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According to the Washington Post, Medicare spent $152 per member in the Huntsville, Ala., medical marketplace — 38 times the national average — for “unclassified” drug injections, including a type of injection used rarely around the country but used thousands of times a year at the Alabama Pain Clinic in Huntsville. Questions: 1. Why is… Read more »

An Epidemic or A Disorder Proliferated by Marketing?

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Statement Analysis, Fraud Accounting, Intermediate Accounting, International Accounting, Managerial Accounting.

The sales of prescription stimulants for A.D.H.D. have more than quadrupled since 2002. Is it an epidemic? According to Dr. Keith Conners, a psychologist and professor emeritus at Duke University, who has been fighting to legitimize A.D.H.D diagnoses for the past 50 years, the rise is probably due to successful marketing campaigns that feed on… Read more »