1. Medicare Part B: The part of the Medicare program that pays for
physician ser- vices, outpatient hospital services, durable medical
equipment, and other services and supplies.
2. Medicare Part A: The part of the Medicare program that pays for
hospitalization, care in a skilled nursing facility, home health care, and
hospice care.
3. Medicare Part D: Prescription drug coverage
4. Anti Kickback Law: Prohibits the solicitation, receiving, offering, or
paying of any remuneration directly or indirectly in cash or in kind in
exchange.
5. Medicaid: A federal and state assistance program that pays for
health care services for people who cannot afford them.
6. HIPPA Title I: protects health insurance coverage for workers and
their families when they lose their jobs. Coverage under COBRA for 18
months
7. HIPPA Title II: national standards for electronic healthcare
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, transactions, national identifiers for providers, confidential record
keeping, access to records
8. HIPPA CONT: W/out consent only for providing treatment, obtaining
payment, performing non treatment operational tasks
9. Sarbanes-Oxley Act: Truth in financial reporting which provides SEC
oversight. Financials checked by independent auditors. Monitor and
report internal controls. Annual assessment due to SEC. CEO/CFO must
sign off on all audits.
10.account balance: the difference between the total debits and the
total credits in an account
11.Accrued interest payable: current liability
12.Amoritazation: the paying off of a debt in regular installments over a
period of time
13.Assets: the cash, inventory, property, plant, and equipment, and
other invest- ments a company has made
14.Balance Sheet: A financial statement that reports assets, liabilities,
and owner's equity at any given point
15.Control Systems: Measurement, evaluation and correction.
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