Saturday, February 15, 2020

Healthcare Management Centers for Medicare and Medicaid Research Paper

Healthcare Management Centers for Medicare and Medicaid - Research Paper Example care has other responsibilities which include the standards for administrative simplification from the (Cms.gov, 2014) Accountability Act of 1996 and (Allgov.com, 2014) Health Insurance Portability. It also has another responsibility for worth standards in durable health care facilities through its certification process and survey (Cms.gov, 2014) process, quality standards for clinical laboratory under the Clinical Laboratory Improvement Amendments as well as oversight of HealthCare.gov. (Allgov.com, 2014) The Medicare together with Medicaid programs were contracted into law on 30th July 1965 (Cms.gov, 2014). LBJ who was the president by then is seen at the signing ceremony during independence at the Truman library in Missouri (Cms.gov, 2014). Truman who was the former president is also pictured seated beside him. President LBJ held the ceremony there in honor of the leadership of President Truman on health insurance. He had first proposed it in 1945. The most important legislative modification to Medicare referred to as the Medicare Modernization Act was as well signed into law by (Cms.gov, 2014) President George W. Bush (Cms.gov, 2014) from Texas, on 8th December 2003. This historic legislation is of significance to the outpatient as it adds the outpatient’s drug prescription advantage to Medicare and it also leads to many other significant changes (Cms.gov, 2014). A number of changes have been implemented (Cms.gov, 2014) to Center for Medical services programs since 1965 (Cm s.gov, 2014). In addition, the agencies that are concerned with the implementation of these programs have also changed (Cms.gov, 2014).The head of the Center for Medical services programs is as well the Administrator of the Center for both the Medicaid and Medicare Services (Cms.gov, 2014). This position of leadership is appointed by the president and the Senate confirms it. The Center for Medicare Services hires a total of approximately 4,100 employees 2,700 (Cms.gov, 2014) of the

Sunday, February 2, 2020

FINANCIAL MANAGEMENT Essay Example | Topics and Well Written Essays - 1500 words

FINANCIAL MANAGEMENT - Essay Example The broad membership of the panel includes people from investor community, law practitioners in the city and people from business houses. The panel became a statuary body in May-06, thereby giving it the power to enforce its rules and lows in compliance of the code. The code of the panel is also included in the part 28 of the Companies Act 2006. It is the overall responsibility of the panel towards policy making, financing and administrating functions or the Panel and its code. The two committees of Panel include the Hearing Committee and the Code Committee. It also has a Panel Executive that carries out the daily work of the Panel and is creditworthy of general administration. The Panel operates with 6 general principles, 38 rules and 4 fundamental objectives which include equal and fair treatment for shareholders, availability of information to the shareholders in proper and timely manner, restoring fair markets and preventing frustration action against any of them. B. Identify and examine economic reasons for acquisitions and mergers and discuss why the expected economic benefits may not be achieved? The primary reason for acquisitions and mergers by a firm is its desire and effort to increase its market power. For increase the size and market capitalization of the firm, company’s go for horizontal, vertical and conglomerate mergers. Other economic reasons for acquisitions and mergers include overcoming of market barriers, increased speed to the market by increasing market capitalization and gaining access to new markets, overcoming the high risk and high costs of new product development, diversification into other activities/businesses, and reshaping the firm’s competitive scope. Some companies go for mergers and acquisitions to restructure their cost of capital by increasing/diluting equity and through leverage buyouts. More often cross border acquisitions offer the company with cheap access to resources like labour and raw materials, modern technology and sometimes benefits from legality. Sometimes the expected benefits out of a merger and acquisition may not be achieved by the firms. Many firms tend to increase their cost of capital post merger rather than decreasing it. Moreover, in case of leverage buyouts many companies fall in liquidity and solvency risks by increasing their debt equity ratio more than anticipated. For a successful merger and acquisition a firm needs to understand the culture of the organization it is aiming to acquire. The firm many not receive a good support from the employees and stakeholders of the organization acquired which reduces the economic benefits expected out of the acquisition. Another primary concern in the acquisitions is the valuation of company to be acquired. In case of high valuations where a company pays high price in excess of market value for acquiring other company, economic benefits tend to dry down over a period of time. Part 2 Identify the long term funding options avail able for unquoted small and medium business enterprises, and discuss the advantages and disadvantages of these funding options. Small and medium businesses (SME’s) include the companies that are not listed in stock exchange and wherein business is owned by a limited number of people. Moreover, there includes family partnerships in which individuals start-off with the purpose of achieving self employment. SME’s face problems in getting financing primarily due to