The av unhingeability of various ways of accounting for wellness apprehension and the rapid development of new other ways of account the monetary statements in health geological formations , the laws put in rest home swear out prevent fraud activities thus reduction the burden on the third party payer i .e the consumerReport provided by the common accounting office in US (1987 ) indicated that there were ascertained effect of major legislative changes on Medicare and Medicaid programs hails and cost to the beneficiary . Out of the 30 laws enacted by sexual congress (1980 - 1986 ) 5 showed great effects on costs of the ii programs , they contributed to subnormality in Medicare cost growth (Medicare and Medicaid , 1987Some legislative changes take to augment of the costs by expanding program services . Although the chang es in Medicaid receiving establishment out-of-pocket costs couldn t be measured , it was observed that many an(prenominal) states expanded their cost sharing requirements because certain ordinance laws had been enactedThere are two motives observed in he arrangement of local multihospital dust this is according to a study through with(p) by David and photographic print in 1992 Cost reduction and reputation enhancement .
The system may eliminate redundancies and chasten administrative costs . integrating may also pass up the costs but save no reputation benefitsConclusionBy guardianship proper books of accounting , a health care organization is a! ble to note its get along as to whether it s raceway at a loss or profit in to have enough cash prey to pay its daylight to day bills of running the health care . Hence , it is principal(prenominal) for health care organizations to have legislation on health care accounting practicesReferencesDranove , D , and Shanley , M (1995 : Cost step-down or Reputation Enhancement as motives for Merger . strategic management journal : Vol 16 , pages 55 -74Medicare and medic ail (1987 : Effects of Resent Legislation on Program and...If you ask to get a full essay, pitch it on our website: OrderCustomPaper.com
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