Essay on Managing Financial Resource

You have been asked by a health care magazine to write a series of articles focusing on health care financial concepts. The articles will be included in five consecutive issues and will be geared towards readers with little knowledge of finance. You must ensure that the articles are both informative and engaging to your audience. You must also ensure that your articles relate financial principles to the health care industry.

v. Jessie has no spouse and can't be claimed as a dependent by someone else.

Unlike the middle and poor classes, higher income earners are expected to pay greater sums of money as taxpayers to cover the expenses of treating poorer people. The number of services provided based on this increased payment is greater than what those covered previously received, though the services do not always meet the needs of the persons insured and rarely corresponds directly to the payment made by wealthier taxpayers. For example, the premium for people who are considered living beyond the poverty line is no more than 9.5% of their monthly income (Dunn 70).

In the “Marmot Review: Fair Society Healthy Lives” written by “Professor Michael Marmot” himself, he proposes the most effective evidence-based strategies for reducing health inequalities in England. Inequality is unjust and unfair and therefore it is a matter of social justice in cases where everyone has an equal,social, political and economical rights and opportunities.He simply stated that to reduce the steepness of the gradient sufficiently “actions must be universal, but with a scale and intensity that is proportionate to the level of disadvantage” Even though resources may be scarce and it is tempting to focus these limited resources on the most needy, we are eliminating some parts of the society and therefore only tackling a small part of the overall problem. Part of his solution was to “implement an evidence-based programme of ill health preventive interventions that are effective across the social gradient such as Increasing and improving the scale and quality of treatment programmes and focusing on public health interventions such as smoking cessation programmes on reducing the social gradient” Michael Marmot also raises the benefits to which reducing health inequalities will help the economy as well as socially. “It is estimated that inequality in illness accounts for productivity losses of £31-33 billion per year, lost taxes and higher welfare payments in the range of £20-32 billion per

The problem in accessing dental care for low-income community is complex and cannot be determined simply. Lack of utilisation is as a result of lack of demands for dental health (Al Agili, Bronstein & Greene-McIntyre 2005). Demand also depends on the economic condition that supports the patients. At the individual level it has been known for years that financial reason is an essential barrier for not able to visit a dentist (Wallet et al. 2014). However, in this case, the Government try to assist low-income people by reducing financial barrier through the benefit offering by CDBS. Even though the scheme has not maximally encouraged those are eligible for the scheme. In addition to the financial barrier, perceived need is one of the reasons

The healthcare system has come under heavy criticism from experts from all over the world. According to Schroder, 44% of the population has no access to the healthcare system. (Schroder, 2003) There are many clinics which charge are free of cost or are charging lesser fees, but all of these are burdened and do not have the capability to meet the requirements. There are certain ethnic communities that are by enlarge poor who are of the opinion that they have been deliberately been left out of the healthcare system. These have led to the

This report is gives a look at numerous factors affecting healthcare and how a lack of insurance has implications to not just the individual, but society as

Believe that the NHS should not to be privatised but reformed to meet the challenges of the 21st century while remaining in the public sector. She pointed out that across the country, the NHS is selling off its land and buildings and closing its services. This is happening at an unprecedented rate which is switching NHS funds and services away from NHS services to the private sector. The total debt is £50bn rising to £90bn and will lock-in future governments and future taxpayers for many decades to come. The NHS currently pays £0.5bn pounds a year in PFI charges and this debt is set to quadruple to £2.3bn a year by 2010. The beneficiaries are the banks, the shareholders and the venture capitalists, the construction industry and facilities management. The losers are the service users, staff and the British public. (https://www.theguardian.com/commentisfree/2007/oct/04/thenewprofiteers)

Life insurance is meant to provide funds to replace a breadwinner's to protect and support dependents. Chad and Haley are dependents, not income providers. Therefore, the purchase of life insurance is unnecessary and not recommended. The Dumonts should use the money they would spend on policies for the children to increase their own coverage.

Under a free-market, doctors are by contrary business people who are looking for a profit, and can use the consumer’s lack of knowledge of medicine, and sheer trust as they are a doctor, as a platform to over-charge buyers. Flower (2009) agrees that, ‘Medicine is a matter of high skill and enormous knowledge. So doctors, by necessity, act as sellers, and agents of other sellers (hospitals, labs, pharmaceutical companies). Buyers must depend on the judgment of sellers as to what is necessary, or even prudent.’ Many doctors in the US are giving rewards for selling more products and in contrast giving fewer bonuses by not selling as many products. Surely selling more drugs to patients will only give them more health problems. Within a command economy, health care is not a business, and the correct drugs assumed truthfully by the doctor will be given to the patient.

Access to health care refers to the individual’s ability to obtain and use needed services (Ellis & Hartley, 2008). Access to health care affects a multitude of people. Uninsured, underinsured, elderly, lower socioeconomic class, minorities, and people that live in remote areas are at the highest risk for lack of access to health care. There are also economical and political roles that complicate access to health care. Access to health care is a multi-faceted concept involving geographic, economics, or sociocultural issues. With my extensive research on access to health care, I hope to provide influences regarding; who is affected by lack of access, geographic, economic, sociocultural access, and

Based on the master budget, there have something wrong and unclear. All the numbers are the same, evenly quarter two have more sale than other quarter, at least less 30% than quarter two. We can easy to recognize with a few changes and we can achieve a goal $1.000.000

The accounting system we use today started in Venice in renaissance period over 520 years ago. The trade business increased hugely during this time and all the financial recordings had to be written down to help people see how their business is doing. During that time in 1494 the first book about was published in accounting by Luca Paciolli and was called “The Collected Knowledge of Arithmetic, Geometry, Proportion and Proportionality”. He was called “The father of Accounting” and most of his described principles have been used up until this day.

Financial Management Introduction = == == == ==

The management of cash is essential to the survival of any organization. Managing an organization’s financial operation requires knowledge of the economy and ways to maximize revenue. For any organization to operate on a daily basis adequate cash flow is required. Without cash management the organization will be unable to function because there is no cash readily available in case of inconsistencies in the market. Cash is also needed to keep the cycle of the company’s operations going.