Hospital Health Includes More Than Medical Staff
If the average bystander were to be asked, “When thinking about the staff involved with hospitals what occupations come to mind?” The obvious answers would probably include a doctor, nurse, lab technician, pharmacist, x-ray technician, etc.
However, if you were to ask that individual about administrative staff, the response would inevitably be, “I never thought of that role at the hospital.” Some of those adminstrative roles could include the medical receptionist, medical transcriptionist, billing clerk, etc.
Additionally, another important administrative role is the accounting department and specifically the role of a medical CPA.
Therefore, to complete the full appreciation of the entire staff of a hospital, a review of what a medical CPA is, their function within the hospital and the importance of this profession as it relates to the patient may prove helpful.
A medical CPA is simply a financial credentialed professional who handles or provides oversight of the hospital’s financials. Basically a medical CPA has the same role and responsibilty as their counterparts in other business with the caveat being that their financial world surrounds the income and expense associated with the care of patients.
A formal accounting degree is required. Additionally, any experience in the health industry would be a plus in regards to bringing that added perspective of the operational aspect of the medical field.
Those financial responsibilities include the preparation of reports that reflect the financial condition of that particular medical entity. The reports could include a listing of receivables, payables, profit and loss statements, the balance sheet, etc.
Each of these financial reports shows the profitability of the hospital, financial trends, preparation and reporting of budget variances, etc. These reports allow management to make decisions to ensure the continued financial viability of the medical entity. To further investigate the role of a CPA in the medical field the individual can log onto healthcare accounting job descriptions and education requirements website.
The role of the CPA in the healthcare industry is critical. One reason for this role being so important is that medical coverage is very expensive. Consequently the value of properly billing patients and local and federal agencies is critical to insure financial solvency.
Additionally, there are many advantages that can be realized with a career in the healthcare industry or specializing in medical accounting. Some of those advantages include the sense of being part of a medical team that provides a great service to the community which literally saves lifes.
In addition, there is job security, as the medical field only continues to expand. The average salary can provide a comfortable lifestyle. The opportunity to be provided other financial benefits and rewards is also a strong possibility.
More information about the medical accounting field the interested individual can review this information at the medical accounting website.
-
Hospital Health Includes More Than Medical Staff Credit Picture License: International Organization for Migration via photopin cc
Comments are closed
Sorry, but you cannot leave a comment for this post.