This paper discusses the impact of government laws and regulations on budgeting by health care facilities.
Written in 2005; 1,005 words; 3 sources; APA; $ 35.95
Paper Summary:
This paper explains that health care budgeting is one of the most difficult tasks that companies face because it must be modified regularly to reflect frequent and complex changes in government policies and Medicare and Medicaid rate changes. The author points out that the most dramatic affect that Medicare and Medicaid has on health care facilities is the ever changing reimbursement rates, which fluctuate every quarter and are not known to the company in advance so trying to budget for an intangible balance can be an uphill battle. The paper concludes that, until the federal and state governments are able to properly and effectively balance their own financial budgets, all health care companies must regularly take steps to be as prepared as possible for the changes that affect their company budgets.
Table of Contents
Introduction
Budgeting Process
Government Laws
Affects On Budgeting
Conclusion
From the Paper:
"The budget for the health care industry can be greatly affected by government laws that can change frequently. These changes can have a negative as well as a positive affect on health care. The government is focused on balancing the budget, as well as, keeping the social and financial interests of the people in mind. As the Social Security, Medicare and Medicaid programs start to lose money the government must concern itself with how to keep the programs running. Lowering payments for health care is one option the government uses to stop the loss of money to fund the program. This action can affect the health care company's budget by giving the organization less money to work with then they originally budgeted. Another way to increase the programs is to increase taxes the company has to pay in order to raise the needed funds to keep the programs afloat. This can also increase the budget for organization and force companies to use previously allocated funds into the tax budget."
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