Accounting guidelines for HMOs: issues and practices.
HMOs are fast becoming an important part of the healthcare industry today. Unfortunately, specific accounting guidelines have not yet been established for them. This concern has led the AICPA to describe and offer recommendations concerning preferred accounting techniques for HMOs. This article looks at the issues raised by the AICPA and how current HMO financial officers feel about the practices that are recommended. It is suggested that the organization, taxability, and other attributes of an HMO must be clearly understood before strict accounting guidelines are imposed.
D000066:Accounting / Q000592:standards*; D003365:Costs and Cost Analysis; D006279:Health Maintenance Organizations / Q000191:economics*; D011795:Surveys and Questionnaires; D014481:United States