Question

What concepts are unique to healthcare accounting? Think about the following before you answer:

How are providers paid and why do different patients pay different amounts for the same service?

What is a third party payment system?

Why aren’t some charges reported as revenue for health care organizations?

What about government regulations?

Answer 1

Answer:

• In medicinal services industry there are colossal turnout of exchanges and a ton of cost center's.
• To oversee such a gigantic turnout the business must be a one of a kind idea and methods.
• The wellbeing substances are need an ERP framework so that can deal with its bookkeeping easily.

Different patients pay different amounts:

• Restorative specialist organization paid some part by government and some part by patients.
• As the therapeutic administrations are for the most part financed and consequently the deferent kinds of patients paid deferent expense as per there monetary, social, political and so on limit by getting similar administrations.

Third payment system:

• Installment framework to outsiders are the framework by which outsiders are making installment for the patient as in the present pretty much every one getting medicinally safeguarded and in any troublesome circumstance the insurance agency making installment for the benefit of the patient.

Aren't some changes reported as reported as revenue for health care organizations:

• While giving restorative administrations drug and other therapeutic devices are required to utilize and that things like medication, therapeutic hardware, social insurance parts are neccenece to give the restorative administrations and that part are accounted for as deals pay as it's anything but an administration as its not included administration it is sold as prescription and medicinal frill.

Government regulations:

• The Government are extremely strict about the quality and administrations of therapeutic experts and it is one of the essential obligation of the legislature to give medicinal administrations to its residents and subsequently restorative industry are all around controlled by the legislature.