Finance and Accounting Briefing in Healthcare Essay

Finance and Accounting Briefing in Healthcare - Essay ExampleIt is against this background that the presentation wishes to steer clear of the raging political and social concerns amongst governors and senators (Holly, 2012). The ongoing jostling by governors to garner comparative advantages for given states nevertheless should be embraced because many Americans forbear diverse political and economic inclinations in relation to federal spending. However, the strategy of the institutions of CMS and the statutory obligations must be observed and vindicated of all forms of bias and manipulation. It is minor expense to the office of the director of the program to offer leadership and stewardship for the greatest good (Lorenz, 2013). The main obligation of the CMS is to secure effective cost management in the healthcare systems while also optimizing the outcomes per dollar budgetary allocation. In this regard, Affordable Care Act (ACA) is often deemed the harbinger of a legislative mas terpiece. Medicaid matching grant is so meant to produce a greater impact on the healthcare systems than previously thought in terms of actual outcomes (Newhouse et al, 2013). Whereas the Federal Medical Assistance Percentages (FMAP) remain a useful policy instrument, the Directorate of the CMS must be cognizant of the fact that given states may deploy unscrupulous ways of influencing greater financing for their regions. In the foregoing debate in the Congress, for instance, many states perceived to be more worthy of greater funding have not really yielded best outcomes (United States Government Accountability Office GOA, 2011). Each administration has also produced varying results for the FMAP Floor change and thus political influences are an unavoidable consideration. It should be renowned that the proposed Medicaid intergovernmental grant structure will potentially have greater outcomes than the earlier versions of policy typologies.