Financial Characteristics of Health Care Pamela S Hill HCA 340 Wanda Carter October, 16, 2011 "Quality healthcare management includes the financial growth and viability of the healthcare organization. A healthcare organization can realize quality healthcare management only when it is fully staffed with medical and managerial professionals and is able to invest in the most advanced equipment". (eHow.com). In 2009 it was reported that 46 million Americans were uninsured. In 2011 the uninsured
cycle. After all, if management cannot make the appropriate capital decisions then the organization will not survive long-term. Health Care Executives & the Capital Cycle It is important for any organization to have the ability to make proper capital investment decisions. The stakes seem to be of higher importance for health care organizations since the health care industry is highly competitive. In addition, an organization needs to make efficient decisions that will increase its capital capacity
Examine the financial characteristics of health care delivery along with managing costs, revenues, and human resources Examine the financial characteristics of health care delivery along with managing costs, revenues, and human resources Outline I. Introduction II. Thesis Statement III. Financial aspects of health care delivery A. Reason behind the increasing health care cost B. Impact of rising cost on the quality of services IV. Role of Human Resources in health care industry
addresses the characteristics of the medical care culture that supports high technology solutions rather than prevention, the impact of financial solvency on the health care system and resistance to a single payer system in the United States Keywords: high technology health care, financial solvency, single payer health care system Module 2: Professional Development The purpose of this paper is to address the three questions posed in the second professional development module. Characteristics of High-technology
industries in the healthcare sector are health insurance, pharmaceuticals and biotechnology, medical equipment and supplies and health services. Others include education institutions, government and private research agencies. b. What is meant by the term healthcare finance as used in this book? Healthcare finance is a term used in this book to describe accounting and financial management principles and practices used to ensure the financial well-being of health care organizations. c. What are
form of fringe benefits, and benefits have been linked to increased productivity and worker satisfaction, and reduced absenteeism (Artz, 2010). While health and life insurance are common benefits provided to employees, firms also offer EAP programs, child care, flexible work hours, work-at-home programs, long-term disability insurance, and health and wellness programs including well-baby programs, gym memberships, stress reduction programs, on-site flu vaccines, and weight management programs.
Significance of this Study This essay contributes to health economics and antitrust literature as follows. First, this essay investigates change in transaction price for cardiac surgery. Instead of using list or average prices, this analysis adopted the transaction price of care, which is a much more accurate measure for price of care (Brooks, Dor & Wong, 1997; Capps & Dranove, 2004; Dor, Grossman & Koroukian, 2004; Dor, Koroukian & Grossman, 2004; Dor et al., 2012; Moriya, Vogt & Gaynor, 2010).
data which contains process of care measures and the Hospital Consumer Assessment of Healthcare Providers and Systems survey; (5) the 2009 Medicare Provider Analysis and Review File; (6) Medicare cost reports; and (7) the Medicare impact file. This study was approved by the Office of Human Research Administration at the Harvard School of Public Health. Executives were identified from the 990 forms, and 1877 CEOs overseeing 2681 nonfederal, private, nonprofit acute-care hospitals were identified. Also
Assignment 5 Introduction The increasing costs of health care are a significant problem in the United States (Stephens & Ledlow, 2010), therefore it is important that health care organizations develop and implement efficient organizational budgets. A budget is a management tool used by an organization, which aligns the organization 's finances with its mission, revenues, expenses, and evaluates the financial results with what was budgeted for (Nicolae & Anca, 2010). Consequently, it is important
services to the community ensuring their patients have access to the highest level of care and technology available. Torrance Memorial is the largest acute-care center in the South Bay Area. The hospital counts with a total of 446 beds. Currently, it is one of the three verified Burn Centers by the American Burn Association in Los Angeles County. In addition, Torrance Memorial offers their community an integrated health care system that includes a broad network of physicians. It has also made available