HCM 400 Milestone 3

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Southern New Hampshire University *

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400-T4196

Subject

Health Science

Date

Jun 21, 2024

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docx

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4

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Running Head: HCM 400 Milestone Three 1 Southern New Hampshire University HCM 400 Healthcare Finance Milestone Three Malini Mohabir February 4, 2024
HCM 400 Milestone Three 2 Major Forces and Impact Technological advancements, global health issues, financial strains, regulatory changes and aging population are among the major forces that affect the delivery of healthcare. Technology has proven to improve the delivery of healthcare by enhancing patient safety through lower prescription errors, decreasing adverse drug response and increasing adherence to practice guidelines. Without a question, healthcare information technology plays a significant role in enhancing the standard of care. Global health issues like the Covid-19 pandemic are putting extreme strain on healthcare organizations and the delivery of healthcare. This crisis has highlighted the need for strong healthcare systems and emergency preparedness. Growing healthcare expenses have become a serious problem and many are finding it difficult to pay out of pocket for the care they are receiving, hence the transitioning to value-based care model. Healthcare institutions must meet the standards set by regulatory bodies like the Department of Health and the Joint Commission. By meeting these standards healthcare organizations can deliver quality care to their patients. With an aging population the demand for healthcare services is increasing especially when it comes to management of chronic diseases. This transition calls for additional funding and specialized care. Opportunities Considering the major forces that impacts healthcare, the opportunities that exist for Cleveland clinic is to take advantage of technological advancements to enhance the patient care experience and provide the highest quality care for their patients. After all patient satisfaction should be most important. “Cleveland Clinic has introduced many medical firsts,
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