Hca Case Analysis : Hca

In a world of budget cut and layoffs, medical corporations face new and different challenges in addition to helping and healing patients. I used to work as a medical biller in a physician’s office for five years and I experienced how difficult for the health care providers to get reimbursed. The government and the insurance companies have been limiting the budget towards the health care services. This action also affects the hospitals greatly because Centers for Medicare & Medicaid Services (CMS) and some policymakers have requested the hospitals to reduce the

The American Hospital Association (AHA)represents a large number of member hospitals. This group has a significant voice in policy making. The CEO and CMO should actively engage the AHA and participate in efforts to present the issues to CMS. This engagement needs to be proactive and direct. There needs to active participation with AHA committees and task forces that are involved in this process. The System need to provide the resources need to facilitate this participation. In addition the system may need to consider financial support for the political action groups of the

To add to the dilemma, the rising cost of healthcare will not adequately be addressed by any new healthcare system. The costs of healthcare in America are staggering and currently represent over 17% of our national GDP with the expectation of that number rising to 20% in less than 5 years. These costs are direct hits on the revenues received by hospital which affect their ability to remain operational. As the hospital’s revenues and profit margin decrease, so does the expected longevity of the hospital.

As healthcare organizations adapt to the changes due to Healthcare Reform, many organizations are faced challenges with decreasing revenues in relation to the transforming from volume to value-based purchasing that have deteriorated reimbursement payment rates and preventive care that keeps patients healthier while reducing inpatient revenues along with escalating cost to do business due to more compliance cost, and the encouraging of integration through the accountable care organization model. (Brown, Werling, Walker, Burgdorfer & Shields, March 2012). As a result of Healthcare Reform, many organizations have been driven by environmental forces and ongoing trends to consolidate with other healthcare systems to deter the effect of these changes due to the new healthcare laws through the desire of gaining more capital, opportunities for future investments, and to better compete in the healthcare market (Healthcare Financial Management Association, Dec 2016.).

Change in any organization depends not only with its internal environment, but is also influenced by the external environment as well. One of the common road blocks that organizations has to cross through is the budget constraints. The following case study focuses on the similar issue that the Basic Health (BH) had to face in order to continue its program in providing health coverage to low-income families. BH is overseen by Health Care Authority (HCA), which is a Washington state agency that oversees seven health care programs.

This experience reminded me principles which I learned from this program. Professor Stark states that leaders must keep in mind that money loses values over time. As a prospective healthcare leader, I am convinced that leaders must take risks because there are good challenges for expansion, and the time value of the money depends on the organization’s leader choice of assumptions and methods that fit its organization in managing finances while staying in the general norms of general accepting accounting principles (GAAP). The program has offered me a terrific career advice and I see myself five years from now in a better position where I can fully utilize my expertise. I am grateful for the HCA program. Through my internship, I aligned personal and Kaiser Permanente conduct with ethical and professional standards, demonstrated knowledge of the health care environment, gain business experience and skills by applying healthcare business principles , including organizational dynamics and governance, strategic planning and marketing, Kaiser Permanente information management, risk management, quality improvement, human resource and financial, human

The U.S. health care system is perhaps one of the most complex and plastic industries present within the current world economy. With a projected market sector value of $3,455.1 billion by the end of 2016 the U.S. health care providers market represents a significant portion of the economy (“Research and Markets; Healthcare Providers in the United States,” 2012). For someone that finds themselves in the position of management it is certainly an orthodox presumption that they incorporate into their repertoire the tools necessary to survive in a constantly evolving workplace. The purpose of this paper is to examine several emerging influences on the U.S. healthcare system and what they mean for managers in the workplace. Specifically,

Over the past four decades, spending on healthcare in the United States grew more rapidly than the economy (Baker, Birnbaum, Geppert, Mishol, Moyneur, 2008, p. 541). Healthcare has nearly tripled its share of national income during this time (p. 543). All aspects of the nation's health system have been affected by this ongoing spending growth. Strategically marketing the development of products and services during this intense competition and uncertainty is vital for any healthcare organization to stay profitable and to ensure continued growth.

One of the biggest industries in the United States is health care industry, which accounts for over 17.5 percent of the Gross Domestic Product (GDP) of the country. This big representation of the nation’s economic activities impacts the overall economy. In other ways, it’s also impacted by the general economy. While the health care industry continues to grow, transformational changes also continue to enforce change in its organizational structure. Change in organizational structure enables health care providers to make arrangement for the change. In this case, the overall health care providers’ advance in new medical technology (to provide the best quality services), financial system, and the entire health care service structure, rules,

The American economy continues to evolve in the wake of the financial crisis. Fluctuations in the stock market and uncertainties about future economic stability lead Americans to seek the greatest value for their dollar (McCambridge, 2009). The health care industry is not immune to these fluctuations. Chief Financial Officer Kevin Brennan of Geisinger Health Systems reports the following challenges currently facing the health care industry: pressure of constrained revenue streams, business model changes, and pressure to demonstrate efficiency and create value for payors (Healthcare Financial Management Association, 2014).

The paper will present potential alternatives Vanguard Health Systems (VHS) must consider to realize growth. It will also seek to identify the best value discipline, generic strategy, and grand strategy for the organization. Upon the investigation of the various alternatives, a recommendation of a strategy or a combination of strategies will be presented. A growing trend among many businesses is through mergers and acquisitions. No longer are the days when one business can to dominate totally an entire industry. The health care system is not exempt. External environment factors play a significant role on how

Vanguard Health Systems is a leading operator of regionally-focused integrated health care delivery networks. The company has a significant presence in several large and attractive markets (Vanguard 2012 Annual Report). The company recorded $5.9 billion in revenues in 2012, up 29.8% from $4.5 billion the year previous. The 2012 net income of $57.3 million is a significant improvement over the $12 million loss the year previous. The company maintains that it is still on a growth trajectory, including via acquisition, and this is an important part of corporate strategy. This paper will analyze the different elements of the corporate strategy at Vanguard.

For several decades health care has been tied to the economy and with the current downturn we see continued efforts to control and reduce over-head costs. Health care organizations in their effort to become more efficient and address changes in the industry have altered their strategic business plans. Lee & Alexander (1999) researched organizational change in hospitals and their survival, in this paper I hope to discuss their findings and add other examples to validate their conclusions.

Though they are not entirely comprehensive tools, a great deal can be learned about a hospital or other healthcare organization for-profit or not-for-profit from an examination of their annual financial documents (Finkler & Ward, 2006). The balance sheet and statement of revenue and expense can both yield valuable clues even in the absence of other evidence about changes that might be occurring in the organization, a definition of the type and degree of certain problems that it might be facing, and potential opportunities for improvement in performance that might exist (Finkler & Ward, 2006). Comparing two or more years' worth of financial information yields even more valuable insights, tracking movement in the hospital or other organization's ability to finance its activities and thus continue providing services at the same level, quantity, and scope as current operation.

The future of the health care industry is dominated by many uncertainties as it is feeling the heat of both regulatory and economic fronts. The health care industry is one of the most regulated in the United States and organizations are required to comply with a number of federal and state laws and regulations. There are financial drivers that would likely cause health care organizations to merge which means the underlying thought processes behind why two firms would expect that they are all the more monetarily solid when contrasted with being singled out from everyone else. These varieties of houses are more varied from advancement based offerings and are continually considering routes through which they could choose a leap ahead. The new marvels driving the health care sector have been active from the income side of the viability and lessening in costs. One notable part of the costs is to do with Research and Development consumptions. As an aftereffect of mergers, the establishments can assume control of the expenses and lessen the weight on assets.