Being A Successful Consultant For Taylor Healthcare...

FUTURE My first goal in the future is to obtain my Master’s in Business Administration from Bethel University. Achieving this goal will ultimately open many doors for me in the consultant field. I do not want to leave the practice I am currently working in. I have been on my job almost since conception; therefore, I would like to stay with the company and watch it grow from here. In the future I anticipate nothing but success. However, I do know that becoming successful does not come easy. I am prepared for stumbling blocks that may come my way. I envision myself being a successful consultant for Taylor Healthcare Consultant (THC) group. I would travel the world helping other practitioners reach their highest potential and making sure their office is running efficiently. To help secure my future I will use the P.O.W.E.R Learning as a tool to help guide me along the way. In my Orientation class to Business we learned of P.O.W.E.R. The word P.O.W.E.R is just an acronym for the first letters of a series of steps that one must use to help you achieve your goals. ( ). By using this process it does not guarantee success. You are the only one that can make it succeed by your personal investment of time and hard work. †¢ Prepare- I feel as though I am in the preparation stage of my life now. By attending school I am preparing myself for the goal that I have in mind. You have to know where you are going first, so you can know how to reach your goal. It is good to have goals thatShow MoreRelatedBusiness Intelligence ( Bi )3077 Words   |  13 PagesIn older times, the raw data collection and analysis would all be done on paper and then stored in a safe spot. There were many problems with this old age approach such as destroyed or stolen documents, only having one copy of everything, and being harder to organize (versus modern day BI tools). Many years later business intelligence or business analytics, as its been referred to more recently, is used in every competitive company. It can be argued that the best companies have the best analyticsRead More5DPP Assignment Nov 2014 Essay3147 Words   |  13 PagesOur purpose is to help our customers look and feel better than they ever thought possible. Boots customers are at the heart of our business. Were committed to providing exceptional customer and patient care, be the first choice for pharmacy and healthcare, offer innovative products only at Boots, with great value our customers love. To further enhance the experience for our customers, we have a Multi-Channel site; Boots.com, where our customers can browse and shop for 1000s of products, and, canRead MorePersonal Development Plan7544 Words   |  31 Pages64, 2012). 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Patient Relations Manager, Privacy Officer, And Recipient...

1. Robin R. Nelson, MSA, patient relations manager, privacy officer, and recipient rights director is responsible for monitoring and assuring the facility s compliance with regulations pertaining to the privacy of patient records. Robin has a bachelor s degree in Health Administration; a master s in Public Health Administration and holds a registration in social work. She had originally intended to work in substance abuse, counseling, education, however according to her it wasn t a right fit so transferred over to long-term care and worked as an admissions manager. It was there, she established her relationship with MidMichigan Health. When the Patient Relations director retired, she applied and got the job and has been working for MidMichigan Health since. 2. Mrs. Nelson holds the positions of Patients Relations Manager which is responsible for the JC elements of patient rights and the CMS elements for patient grievances; the Privacy Officer which oversees all ongoing activities, related to the development, implementation and maintenance of the organization s privacy policies in accordance with applicable HIPAA and HITECH regulations, and the Recipients Rights Director and is responsible for the administration, investigation, monitoring of recipients of public mental health services. 3. Prior to HIPAA, no generally accepted set of security standards or general requirements for protecting health information existed. In fact, each HCO within the MidMichigan HealthShow MoreRelated2006 Arroyo Case Study31910 Words   |  128 PagesResponsibilities†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1 3 Category 2—Strategic Planning 2.1 2.2 Strategy Development †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Strategy Deployment †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 5 8 Category 3—Focus on Patients, Other Customers, and Markets 3.1 3.2 Patient, Other Customer, and Health Care Market Knowledge †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Patient and Other Customer Relationships and Satisfaction †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 11 13 Category 4—Measurement, Analysis, and Knowledge Management 4.1 4.2 Measurement, Analysis, and Review of OrganizationalRead More2006 Arroyo Case Study31910 Words   |  128 PagesResponsibilities†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1 3 Category 2—Strategic Planning 2.1 2.2 Strategy Development †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Strategy Deployment †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 5 8 Category 3—Focus on Patients, Other Customers, and Markets 3.1 3.2 Patient, Other Customer, and Health Care Market Knowledge †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Patient and Other Customer Relationships and Satisfaction †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 11 13 Category 4—Measurement, Analysis, and Knowledge Management 4.1 4.2 Measurement, Analysis, and Review of Organizational PerformanceRead MoreEssay Paper84499 Words   |  338 Pagesgrade of colonel or the civilian equivalent. Activities may request a waiver to this regulation by providing justification that includes a full analysis of the expected benefits and must include formal review by the activity’s senior legal officer. All waiver requests will be endorsed by the commander or senior leader of the requesting activity and forwarded through their higher headquarters to the policy proponent. Refer to AR 2530 for specific guidance. Army management control processRead MorePrinciples of Information Security, 4th Ed. - Michael E. Whitman Chap 0118683 Words   |  75 PagesDave Garza Director of Learning Solutions: Matthew Kane Executive Editor: Steve Helba Managing Editor: Marah Bellegarde Product Manager: Natalie Pashoukos Development Editor: Lynne Raughley Editorial Assistant: Jennifer Wheaton Vice President Marketing, Career Education Training Solutions: Jennifer Ann Baker Marketing Director: Deborah S. Yarnell Senior Marketing Manager: Erin Coffin Associate Marketing Manager: Shanna Gibbs Production Manager: Andrew Crouth Content Project Manager: Brooke GreenhouseRead MoreProject Management Infomaton System48477 Words   |  194 Pages......... 173 7.9 Technology .......................................................... 175 7.10 Internal Controls ................................................. 178 7.11 Implementation Strategies.................................... 179 7.12 Monitoring the DME-IS .......... ............................... 180 7.13 Evaluating and Improving DME-IS.......................... 184 7.14 Information Audits............................................... 185 FIGURE INDEX.................................Read MoreCloud Computing Security67046 Words   |  269 Pageshave these changes: Domain 3: Legal Issues: Contracts and Electronic Discovery and Domain 5: Information Management and Data Security. We now have added another domain, which is Domain 14: Security as a Service.  © 2011 Cloud Security Alliance. All rights reserved. You may download, store, display on your computer, view, print, and link to the Cloud Security Alliance Guidance at http://www.cloudsecurityalliance.org/guidance/csaguide.v3.0.pdf subject to the following: (a) the Guidance may be used solelyRead MoreHuman Resources Management150900 Words   |  604 Pagesthis chapter, you should be able to: ââ€"  Identify four major HR challenges currently facing organizations and managers. List and define each of the seven major categories of HR activities. Identify the three different roles of HR management. Discuss the three dimensions associated with HR management as a strategic business contributor. Explain why HR professionals and operating managers must view HR management as an interface. Discuss why ethical issues and professionalism affect HR management asRead MoreLibrary Management204752 Words   |  820 PagesDistributed Information Access Solutions Thomas R. Kochtanek and Joseph R. Matthews The Complete Guide to Acquisitions Management Frances C. Wilkinson and Linda K. Lewis Organization of Information, Second Edition Arlene G. Taylor The School Library Media Manager, Third Edition Blanche Woolls Basic Research Methods for Librarians Ronald R. Powell and Lynn Silipigni Connoway Library of Congress Subject Headings: Principles and Application, Fourth Edition Lois Mai Chan Developi ng Library and Information CenterRead MoreFundamentals of Hrm263904 Words   |  1056 PagesAccount Manager Training and implementation support www.wileyplus.com/accountmanager MAKE IT YOURS! Fundamentals of Human Resource Management Tenth Edition David A. DeCenzo Coastal Carolina University Conway, SC Stephen P. Robbins San Diego State University San Diego, CA Tenth Edition Contributor Susan L. Verhulst Des Moines Area Community College Ankeny, IA John Wiley Sons, Inc. Associate Publisher Executive Editor Senior Editoral Assistant Marketing Manager MarketingRead MoreDomino Pizza 2013 10k83576 Words   |  335 Pagesoperate through a network of 10,255 Company-owned and franchise stores, located in all 50 states and in more than 70 international markets. In addition, we operate 16 regional dough manufacturing and supply chain centers, one equipment and supply facility, one thin crust manufacturing center and one vegetable processing center in the contiguous United States, and six dough manufacturing and supply chain centers outside the contiguous United States. The foundation of our system-wide success and leading Patient Relations Manager, Privacy Officer, And Recipient... Robin R. Nelson, MSA, patient relations manager, privacy officer, and recipient rights director is responsible for monitoring and assuring the facilities compliance with regulations pertaining to the privacy of patient records. Robin has a bachelor’s degree in Health Administration; a master’s in Public Health Administration and holds a registration in social work. She had originally intended to work in substance abuse, counseling, education, however according to her â€Å"it wasn’t a right fit† so transferred over to long-term care and worked as a an admissions manager. It was there, she established her relationship with MidMichigan health. When the patient relations director retired, she applied and got the job and has been working for MidMichigan Health since. Mrs. Nelson holds the positions of Patients Relations Manager, which is responsible for the JC elements of patient rights and the CMS elements for patient grievances; the Privacy Officer, which oversees all ongoing activities, related to the development, implementation and maintenance of the organization’s privacy policies in accordance with applicable HIPAA and HITECH regulations, and the Recipients Rights Director and is responsible for the administration, investigation, monitoring of recipients of public mental health services. Prior to HIPAA, no generally accepted set of security standards or general requirements for protecting health information existed. In fact, each HCO within the MidMichigan Health systemShow MoreRelatedPatient Relations Manager, Privacy Officer, And Recipient Rights Director Is Responsible For Monitoring And Ensuring The Facility1154 Words   |  5 Pages Nelson, MSA, patient relations manager, privacy officer, and recipient rights director is responsible for monitoring and assuring the facility s compliance with regulations pertaining to the privacy of patient records. Robin has a bachelor s degree in Health Administration; a master s in Public Health Administration and holds a registration in social work. She had originally intended to work in substance abuse, counseling, education, however according to her it wasn t a right fit so transferredRead More2006 Arroyo Case Study31910 Words   |  128 PagesResponsibilities†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1 3 Category 2—Strategic Planning 2.1 2.2 Strategy Development †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Strategy Deployment †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 5 8 Category 3—Focus on Patients, Other Customers, and Markets 3.1 3.2 Patient, Other Customer, and Health Care Market Knowledge †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Patient and Other Customer Relationships and Satisfaction †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 11 13 Category 4—Measurement, Analysis, and Knowledge Management 4.1 4.2 Measurement, Analysis, and Review of OrganizationalRead More2006 Arroyo Case Study31910 Words   |  128 PagesResponsibilities†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 1 3 Category 2—Strategic Planning 2.1 2.2 Strategy Development †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Strategy Deployment †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 5 8 Category 3—Focus on Patients, Other Customers, and Markets 3.1 3.2 Patient, Other Customer, and Health Care Market Knowledge †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ Patient and Other Customer Relationships and Satisfaction †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 11 13 Category 4—Measurement, Analysis, and Knowledge Management 4.1 4.2 Measurement, Analysis, and Review of Organizational PerformanceRead MorePrinciples of Information Security, 4th Ed. - Michael E. Whitman Chap 0118683 Words   |  75 PagesDave Garza Director of Learning Solutions: Matthew Kane Executive Editor: Steve Helba Managing Editor: Marah Bellegarde Product Manager: Natalie Pashoukos Development Editor: Lynne Raughley Editorial Assistant: Jennifer Wheaton Vice President Marketing, Career Education Training Solutions: Jennifer Ann Baker Marketing Director: Deborah S. Yarnell Senior Marketing Manager: Erin Coffin Associate Marketing Manager: Shanna Gibbs Production Manager: Andrew Crouth Content Project Manager: Brooke GreenhouseRead MoreDomino Pizza 2013 10k83576 Words   |  335 PagesInternationally, we have been able to grow our franchise network by attracting franchisees with business experience, capital and local market knowledge. We generally employ our master franchise model, which provides our international franchisees with exclusiv e rights to operate stores and sub-franchise our well-recognized Domino’?s Pizza  ®? brand name in specific, agreed-upon market areas, as well as operate their own supply chain systems. From year-end 2007 through 2012, we grew our international franchise networkRead MoreHuman Resources Management150900 Words   |  604 Pagesthis chapter, you should be able to: ââ€"  Identify four major HR challenges currently facing organizations and managers. List and define each of the seven major categories of HR activities. Identify the three different roles of HR management. Discuss the three dimensions associated with HR management as a strategic business contributor. Explain why HR professionals and operating managers must view HR management as an interface. 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Information Technology In The Business Environment

Question: Write an essay on information technology in the business environment. Answer: Introduction: Information technology or IT refers to the application of systems for storage, retrieval and transmission and manipulation of data. It is considered as a division of information and communication technology. Technology encompasses an array of tools and elements that organizations may implement in their ranks to guide the unit through start-ups and different growth stages. IT essentially covers a set of processes, tools, the likes of programming, coding, data conversion, and analysis and systems control (Adler-Milstein et al. 2013). In broader terms, IT includes the facets of multimedia, telecommunications, and automation procedures. The various aspects of organizations, the likes of operations, communications and other essentials have experienced a revolution in a range of industry and businesses. The role of information technology has its pervading effect across various domains and verticals of the business environment. The following account details over how IT may be applicable in the healthcare industry and endow the business with the advantageous position which beings efficacy and effectiveness in the overall business operations. Detailed analysis: Need of IT in business: Information Technology is the buzzword in any business domain of varying degrees, and healthcare industry is no exception to this conjecture. The merger or alignment of technology with that of medical trade is responsible for the improvement of medical practices and saving lives across the world. Information technology enables the healthcare industry to function thereby playing a central role in sustaining health. The areas like biotechnology, development of medical devices and others have made more significant contributions to improvement of the health of users all around the world (Stevens and Rancourt 2014). The range of Information Technology applications in the form of adhesive bandages and ankle equipment to more complex machinery and tools, mainly artificial organs, MRI machines and prosthetic limbs have made an immense impact in the industry. Furthermore, the dependence of medical technology in the sphere cannot be overstated. The factual reality is due to the enormous develo pment of such brilliant innovations, the healthcare practitioners and users are empowered with ways for improving the practice regarding surgical procedures, better diagnosis and improved patient care. Baring that, information technology has caused improvement in telecommunication which connects patients with doctors being based miles apart. The physicians now have access to IT more than earlier period which has augmented overall healthcare improvement across the globe (Ancker et al. 2013). Importance of IT for business survival: IT has crucial importance across various domains and business industries. The following segment entails over the importance of IT in healthcare industry along with a utility that it exerts in the same environment. As a matter of fact, improvements in information technology have permitted huge reforms to have taken place in healthcare. Nowadays most medical offices may send and receive digital medical information from the doctors and transmit the same to patients and customers (Skillman et al. 2015). The company is structured by IT-enabled medical practices with the main unit located in Sydney. Here, it is noteworthy that security improvements with information technology have made it so that the medical information is secure irrespective of what is being transmitted. It is nowadays even possible to send the prescriptions in a digital mode to regional medical unite and offices. In keeping with the changing amount of paperwork requirement at medical organizations, information technology has also helped in updating of technology using which the doctor may perform the treatment. As far as Sonic Healthcare is concerned, the firm operates through a dedicated central laboratory which provides comprehensive clinical trials which further supports biotechnological industries. The instruments and methods validate that the firm is in conformity to industry requirements and electronic systems, and others maintain compliance with GCP, TGA and other medical parameters (Sheikh et al. 2015). Application of IT to business: Information Technology has undergone sea-change concerning healthcare industry. Improvement of quality of life assumes great importance in this regard. Medical technologies, the likes of, monitoring systems, advanced surgeries, and scanning equipment are allowing consumers rather patients to have lesser recovery time post operations and surgeries. Information and exchange of information are imperative concerning the delivery of care on various levels of healthcare delivery systems. With the emergence of new model healthcare equipment and apparatus, it is extremely important that organizations implement IT standards in its ranks. Data interchange formats are being utilized in this regard (Foshay and Kuziemsky 2014). This refers to standard formats for the purpose of electronically encoding of data elements. On the other hand, knowledge representation refers to standard methods that electronically represent medical literature. IT aids in the installation of modern facilities in healthc are units, the likes of, scanning machines, X-ray apparatus, EHRs and CPOE systems. The HER systems have been implemented by Sonic Healthcare although various companies have yet to make progress in this area. The ECG machines, Blood Pressure monitors, spirometry and nebulizers, examination lamps, vaccine fridge, vacuum autoclaves, to name a few directly comes under the purview of information technology. Furthermore, SAP or System Application Product is an indispensable tool which helps in collection and management of data and plethora of information in various medical units which aids in supply chain management of the industry. Furthermore, IT servers are being used for installation of the abovementioned equipment and tools. Clinical information systems provide a mechanism for sharing data collected from various sources, for instance, EHRs in care settings that may include personal health record systems maintained by patients or their representatives (Jones et al. 2015). Data become available to clinical information systems via direct entry at the point of care, off-line entry through abstraction from other media, such as handwritten notes, and data collected by other systems, such as laboratory systems or monitoring devices. The data can take many forms, including free text, coded data, speech, document imaging, clinical imaging x-rays, and video. The four core components of clinical information systems are described in EHRs, CPOE systems, digital sources of medical evidence and decision-support tools. These descriptions are followed by a discussion of human/ information systems interface design and software dependability issues (Page 2013). Usage of IT in business: Information technology has immense implication concerning business and health care industry is no exception. It is imperative to learn the utility of IT concerning internal and external environment of the business. The internal framework encompasses the likes of staff, employees, and other relevant resources. The healthcare facilities and management have come up with innovative practices for executing the operations in the light of IT application. These organizations have initiated the usage of tablets for monitoring of patients data, inventory updates, communications as well as various notifications for performing duties and responsibilities (Lin et al. 2012). The staff data is being maintained by the means of data base management systems or DBMS in the sector. Here, it is noteworthy to mention that tablets are used for patient checkups in both outpatient and inpatient wards which authorize prescriptions, alongside transmission of records and patient data in the multimedia format an d usage of instant live representation of conferencing along with interaction features for enhancement of collaboration. This particular model is being adopted across the domain by a range of healthcare providers along Australia, in particular, Sonic Healthcare. The competent inventory management which caters to supplier and consumers mainly patients in this regard (Leventhal et al. 2015). Advantages and benefits of IT: Technology is a broad concept which has made breakthroughs that agree with a better solution. While the most obvious advantage of technology in businesses across the globe, which aims for an increase of productivity the same translates in a reduction of cost of operations and other benefits that help in sharing and storage of information and negation of erroneous practices by an increase in revenue, by and large (Furukawa et al. 2014). In the case of healthcare domain, technology allows data, be it in written form and televised may be transmitted to the patients' database. The technology eliminates the need for maintenance of bulk of paper work and replaces with virtual data warehouses which may be accessed in no time. The likes of E-learning and other forms of online training have facilitated the healthcare organization, like Sonic Healthcare to cut down the cost of recruitments and induces flexibility in the ranks of the company. In the present circumstances, information technology has aided information sharing to develop at an efficient rate. This not only saves time but also offers the capability of decision-making at a brisk rate (Marcotte et al. 2012). Risks and threats: Although IT continuously operates in making things more secure, the same suffers from the lack of privacy in operations. Here, confidentiality may be compromised if the company fails to stay vigilant of the proceedings. The increase of mobile devices, virtualization software, social media and consumerization of IT are considered to be top risks and threats that healthcare industry is vulnerable to. As far as security is concerned, the healthcare industry, in this case, patients and valuable data and information may pose to be probable threats due to internal technical snags, which in turn may be accessible to external outfits thereby breaching the security. This, in turn, causes risks in confidentiality and privacy, by and large. Moreover, IT enabled systems may cause threats in the exposure of hospital and patients information which comes under the threat of manipulation and exploitation (Lee et al. 2013). Maintenance and monitoring of IT: The regularity of monitoring is dependent on the environment of the company and the milieu in which it is operating. The organizations that experience swift change from internal or external affairs may monitor the execution of the arrangement on a regular basis. Monitoring and evaluation of business practice in IT parlance, which is as important to that of identification of strategic goals and organizational objectives. Healthcare industries, in particular, should be well abreast and conversant of IT protocols in place which the business subscribes to. 24/7 monitoring of exorbitant and critical medical equipment by competent practitioners should be executed in keeping with back-up monitoring of data. IT security on wireless networks must be ensured by Sonic Healthcare so that the medical equipment are inaccessible to the external environment (Murdoch and Detsky 2013). Conclusion: The overall analysis depicts various nuances of information technology and its application in healthcare business environment. The discourse above portrays over how IT may be applied in business perspectives. IT in modernity is indispensable to all business environments. With the emergence of state-of-the-art healthcare facilities, and combined with information technology, it becomes even more essential for a robust security arrangement to be in place for maintenance and monitoring of data and information. The company selected in this regard is Sonic Healthcare, which boasts of effective business operations in Australia. Hence, it may be deduced that information technology is indispensable and must be supervised diligently for usage of data in best possible manner. References: Adler-Milstein, J., Bates, D.W. and Jha, A.K., 2013. Operational health information exchanges show substantial growth, but long-term funding remains a concern. Health Affairs, 32(8), pp.1486-1492. Ancker, J.S., Silver, M., Miller, M.C. and Kaushal, R., 2013. Consumer experience with and attitudes toward health information technology: a nationwide survey. Journal of the American Medical Informatics Association, 20(1), pp.152-156. Foshay, N. and Kuziemsky, C., 2014. Towards an implementation framework for business intelligence in healthcare. International Journal of Information Management, 34(1), pp.20-27. Furukawa, M.F., King, J., Patel, V., Hsiao, C.J., Adler-Milstein, J. and Jha, A.K., 2014. Despite substantial progress in EHR adoption, health information exchange and patient engagement remain low in office settings. Health Affairs, pp.10-1377. Jones, C.D., Vu, M.B., ODonnell, C.M., Anderson, M.E., Patel, S., Wald, H.L., Coleman, E.A. and DeWalt, D.A., 2015. A failure to communicate: a qualitative exploration of care coordination between hospitalists and primary care providers around patient hospitalizations. Journal of general internal medicine, 30(4), pp.417-424. Lee, J., McCullough, J.S. and Town, R.J., 2013. The impact of health information technology on hospital productivity. The RAND Journal of Economics, 44(3), pp.545-568. Leventhal, J.C., Cummins, J.A., Schwartz, P.H., Martin, D.K. and Tierney, W.M., 2015. Designing a system for patients controlling providers access to their electronic health records: organizational and technical challenges. Journal of general internal medicine, 30(1), pp.17-24. Lin, C., Lin, I.C. and Roan, J., 2012. Barriers to physicians adoption of healthcare information technology: an empirical Study on multiple hospitals. Journal of medical systems, 36(3), pp.1965-1977. Marcotte, L., Seidman, J., Trudel, K., Berwick, D.M., Blumenthal, D., Mostashari, F. and Jain, S.H., 2012. Achieving meaningful use of health information technology: a guide for physicians to the EHR incentive programs. Archives of internal medicine, 172(9), pp.731-736. Murdoch, T.B. and Detsky, A.S., 2013. The inevitable application of big data to health care. Jama, 309(13), pp.1351-1352. Page, T., 2013. Smartphone Technology, Consumer Attachment and Mass Customisation. International Journal of Green Computing (IJGC), 4(2), pp.38-57. Sheikh, A., Sood, H.S. and Bates, D.W., 2015. Leveraging health information technology to achieve the triple aim of healthcare reform. Journal of the American Medical Informatics Association, 22(4), pp.849-856. Skillman, S.M., Andrilla, C.H.A., Patterson, D.G., Fenton, S.H. and Ostergard, S.J., 2015. Health information technology workforce needs of rural primary care practices. The Journal of Rural Health, 31(1), pp.58-66. Stevens, L. and Rancourt, J., 2014. Health information technology can make disasters seem like business as usual. Annals of emergency medicine, 63(4), pp.425-427.

Tax Purposes Under Australian Tax Law - Myassignmenthelp.Com

Questions: 1. How The Items Will Be Treated For Tax Purposes Under Australian Tax Law? 2. Calculate Manpreets net tax payable for the 2016/2017 financial year, making reference to the taxation formula, the reasons for including or excluding specific items, your calculations, and the applicable tax law. Answers: Answer 1 Facts of the case The business analyst have received certain flying points, in relation of his work from a large consultancy business. It is received free of cost for the work that he has done for the company , which is like a reward and not specifically a part of his employement salary. Application of the law As per the TR 1999/6 of the Income Tax Assessment Act 1997, if any individual is receiving flying points from a consultancy firms in relation to work related purpose.It provides that flight rewards received under consumer loyalty programs are generally not taxable. However, it also notes that FBT may apply where a flight reward is provided to an employee, or the employee's associate, under an 'arrangement' for the purposes of the FBTAA, that results from business expenditure. The flight reward might also be subject to income tax if they are received by an individual whoreceives the flight reward as a result of business expenditure Facts of the case Amount is received from a crane hiring company from its customer for a damaged crane. Application of the law As per the Income tax assessment act 1997, if any income is received by a company in lieu of any insurance then same shall be taxable as business income. In the given case the amount received from a crane company will be taxable as its is just like the amount that it recives from the insurance company in case of any damage to the property of the company. Hence the amount received will be taxable as business income. Facts of the case Free business trip that is received by an individual from an alcohol supplier. The person is a nightclub manager. Application of the law As per the specific provisions of the law, any business trip that is received by an individual is not taxable, but the individual cannot claim any deduction on the same as well. For example if the individual is spending $1000 on the trip from his own end, he cannot clai any deduction on the same. Therefore in the given case, the overseas holiday is a free business trip, because the alchol supplier and the night club manager have work relations but the manager cannot claim any deduction on the trip, and the trip will not be taxable by the IT act. Facts of the case In the given case, the assesse has received certain extra funds for the purchase of canoes, from its members and then the club returned the same. Application of the law As per the ITAA 1997, any amount of excess amount that is received by a company and that is eventually returned is not taxable. If the excess amount was not returned and was kept by the individuals in that case that amount would have been taxable. Hence in the given case, the excess amount that was received by the canoe club will not be taxable. Facts of the case In the given case, the assesse has received certain amount from a teelvsion station, being named the best footballer and the amount was paid as a price was playing well in AFL. Application of the law This case is assessable as per the TR 1999/17, if any amount is received by a sports person in relation to any services provided or any amount of revenue nature or any amount that is received as gits or awars or pizes, then that amount will be taxable. This includes the exploitation of the commercialization of the personal skills of the individuals in order to get the reaward. Hence in the given case, the amount that was paid to the sports person for his performance will be taxable by the company. Facts of the case In the given case the expenses are done in lieu of getting the building qualifications that are needed by a building apprentice. Application of the law. As per the ITAA 1997, if any expense is done in connection with getting higher education, that eventually helps in development of the skills set of theindividual, helps in development of his commercial viability and also helps in his future studies, in that case those expenses can be claimed as deduction. In the given case, the apprentice is doing an expense for development of a skill set that will help in development of his commercial viability. In that case those expenses cane be claimed as deduction. Facts of the case In the given case, the assesse has made certain expenditure for getting knwolegde in art management to eventually work as a art director. Application of the law. As per the ITAA 1997, if any expense is done in connection with getting higher education, that eventually helps in development of the skills set of theindividual, helps in development of his commercial viability and also helps in his future studies, in that case those expenses can be claimed as deduction. In the given case, the expenses are done to get knolwdege about a specific skill set that is related to the job of the assesse. There is a connection between the education and the job, thus the expenses that are done in the art course can be claimed as deduction by the assesse. Facts of the case The case is in regard to the expenses that are done in relation to the work make up and dresses , that is done to make one look presentable at the job. Application of the law. As per the ITAA 1997, if any expenses are doen by an individual that is related to the work of the individual, then that amount can be claimed as deduction. Some unique clothing ahs been stated on which deduction can be claimed like the protective clothing that is not everyday wear, Clothes that helps in identification of the occupation one belongs to, Clothing or footwear that are specifically worn to protect the individuals from any kind of injury at the work place. For all these type of clothing any expenditure done is allowed as deduction. The same is stated in the above case, if the clothes are specifically related to the work then expenses can be claimed else it cannot be claimed. For make up no expenses can be claimed by the assesse. Facts of the case This case is in relation to the overall expenses that are done while travelling between work and home. Application of the law. As per the section 8-1 of ITAA97, for any kind of expenses that are incurred while travelling between work and home, will be taxable only when the total amount is related to the work related purposes.The travel must be direct and there must not be any stop in between. In the given case the assesse can claim the specific deduction, if he is travelling directly between the office and the home for work related purposes only. Facts of the case This is in relation to the expenses that are related while travelling between work from one employer to another employer. Application of the law. As per the section 8-1 of ITAA97, for any kind of expenses that are incurred while travelling between will be taxable because the expenses are relation to the second job of the employee. As per the Laurence Fox v Commissioner of Taxation [2013] AATA 471, when a person is travelling between one employer to the employer the expenses are born in the course of employment and there are no personal benefits involved. Hence in that case the amount that the assesse incurs while travelling between one employer and the second employer will be taxable as per the given case laws. Answer 2 Facts on case 2 Manpreet is an international student who is pursuing a degree of accountancy from the CQU, Sydney and is also working as an office assistant to get some practical exposure that will help her in her studies for $45000. She also receive some amount from her parents to help her in her living expenses and also received some amount from a trust that has been set up in India by her grandmother, on the same she paid $1000 of foreign taxation. Apart from the above, she spent certain amount of money on her studies $18,500 and for computer and printer that she required in the course of her education she spent $2000 and for the mobile expenses she spent $500. Manpreet is doing the job in connection to her studies that will help in enhancing her skill set and is part of her education curriculm Applicable Case law Income received from the trust As per the Income Tax Act 1997, section 99B, if any amount is received from a trust that is not previously taxable, then total amount that was paid to any beneficiary who at any point of time was a resident during any time of the year, then such amount shall be taxable and will not be deductable from the taxable income of the beneficiary(Sadiq et al.2017). Case law applicable TD 2016/D4 As per the applicable case law, if any amount attributable from a trust is applied for the benefit of an individual, who is a resident beneficiary, then such amount may be included in the beneficiary taxable income as per the Income Tax Assessment Act 1936. TD 2016/D5 As per the applicable case law, if any amount is received by a beneficiary from the trust then that amount is not taxable as capital gain or loss and not subjected to the CGT discount purposes. Applying the same to the given case study, as per the Bamford v. FCT [2010] HCA 10, we see that the total amount of moeny that Manpreet is getting from her grandmothers trust will be taxable as her income and she will not get any CGT discount on the same. Manpreet is a beneficiary to the trust and hence the given amount of money will be taxable as per her income. Assistance to Students As per the Income Tax assessment act 1997, section 26.20, any amount that is paid to a student to support him for his higher education shall not be taxable as per the income tax act and the payment can be in any form either in cash or in kind. If any amount or any property is used by the student for his higher education, then the student is not required to pay any tax on the same. In the given case we see that Manpreet is getting every year $20,000, to assist her in her education and support her overall living expenses, and hence that amount will not be taxable as her income because she is using the same to support her higher education Double Taxation Avoidance Agreements As per the Income Tax Assessment Act 1936, if there is any income is double taxed in two countries, then the tax amount that is paid in the home country will be allowed as deduction in cases where there is a double taxation avoidance agreement between the nations. This is done to prevent the scope of double taxation of foreign income (Mitchelson, 2011). In the given case, we see that the money that Manpreet receives from her grandmother trust, has already been taxed, and on the same she has paid $1000 in foreign tax, so when the same income will be taxable in this country, she will get a deduction of $1000. It is assumed that there is a DTAA between the two countries and on the basis of the same, Manpreet will get exemption on the foreign taxation that is paid on the trust income that she receives as a beneficiary from her grandmother. Expenses on Higher Education As per the Income tax assessment act 1997, if any student is spending certain amount of money for education purpose that is important- For development of the necessary skill set for his studies For improving the salary of his employment For benefiting him in his higher education In that case the student will get necessary deduction for all kind of such expenses made. In the given case, Manpreet is spending money on her education, and also, $2,000 on a computer and printer for educational purposes, and $500 for use in his work. All these have connection with her education, will help her in further studies and development of her specific skill set that will be beneficial for her to get better job. Hence this amount will not be deductable and she will get exemption on the same as per the taxation rules. Applicable rate of taxation as per the Income tax assessment act 1997 for resident individuals. Taxable income Tax on this income Effective tax rate $1 $18,200 Nil 0% $18,201 $37,000 19c for each $1 over $18,200 0 9.65% $37,001 $87,000 $3,572 plus 32.5c for each $1 over $37,000 9.65 22.78% $87,001 $180,000 $19,822 plus 37c for each $1 over $87,000 22.78 30.13% Calculation of the Taxable Income of Manpreet for the financial year 2016/2017 Particulars Amount $ Total income from the Job Amount received from the trust Total taxable amount Deduction allowed- Money spent on studies Money spent on computer and printer for educational purposes Money spent on new mobile phone for business use Net Taxable Amount $45000 $10000 $55000 $18500 $2000 $500 $34000 Total Amount of tax payable by Manpreet as per the applicable rate of taxation Up to $18200- Nil For the remaining amount - $34000-$18200 = $15800 Tax = 19 c for every $ above $18200 = $15800*19C = $3002 Gross tax payable by Manpreet = $3002 Less: Foreign tax paid on trust income = $1000 Therefore net tax payable = $2002 Thus after applying all the necessary provisions, the total amount of taxable income for Manpreet for the financial year 2016/2017 is $2002. All the necessary explanation and assumptions related to the case study have been explained in details, in the above paragraphs. Refrences Mitchelson, P. (2011). Tax Law. Sydney, Australia: Thomson Reuters. Sadiq, K., Coleman, C., Hanegbi, R., Jogarajan, S., Krever, R., Obst, W., . . . Ting, A. (2017). Principles of Taxation Law. Sydney: Thomson Reuters.