Matching Principle in Healthcare

A new regulation now requires hospitals to prepare for recording diagnoses using a new set of codes. The efforts will involve learning, training, working with physicians, vendors, employees, and others. It will also require updating the current software. The regulation is not in effect for a year from the time the hospital begins working on it.   Discuss and explain what the matching principle is and how it might apply to this situation. Discuss how you would go about making the change if you were in control. Discuss the different transactions needed and the debits and credits you would make to which accounts.