The Universal Health Service Organization is one the major organization that services all health maintenance organizations that provide wellness care services. My report on Universal Health Service an organization will provide information on the financial portion of health care service. The challenge today is to improve financial within the wellness care system to more efficiency in the time to do.
The Financial Statement Review
Universal Health Services, Inc. (UHS) has been the publicly held United States dependent traded specialty healthcare company. This involves the assisted of the public by hospitals. Most of these companies are owned and operates by acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers as well as radiation oncology centers.
This shows the vast range of the services like general surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services along with behavioral health services. According to United Health Service (2015), organizations ' offices have been turned up in the South Carolina, Nevada, Texas and Pennsylvania, along with Wyoming. According to United Health Service (2015), the organization has subsidiary Medi-Partenaires Group situated in the France. Universal Health Services has been headquartered in the King of Prussia, United States.
Accounting aspects have been several in amounts. They lay out ground rules for succeeding in
United Therapeutics is a medical company, which is focused on developing products that meet the unmet needs of different patients. Individuals with special or chronic cardiovascular diseases can benefit from the products offered by the company. The organization was founded in 1996 and has its main offices in Silver Springs. Some of the products include Remodulin, Adcirca, and Unituxin among others. Most of the products that are produced by United Therapeutics address severe cardiovascular needs
“UnitedHealthcare provides network-based health care benefits for a full spectrum of customers in the health benefits market” such as students and individuals; sole proprietorships to multi-site, large national employers; promotion of health benefits to Medicare retirees and beneficiaries; and provides Medicaid and community programs (UnitedHealthcare, 2010). UnitedHealth Group 2012 revenue was $11.3 billion. The company is continuously growing through various mergers and acquisitions within the US and Europe, increasing members and revenues (Keepournhspublic, n. d.).
UHDDS is specific to hospitals that provide medical services for those covered by Medicaid and Medicare. As the federal government was becoming increasingly involved in healthcare, analysts realized the importance of creating a standardized system of medical coding that would be allowed for an easier comparison between hospitals. This data could also be used to compare the reimbursement rates of different hospitals for similar medical procedures, and thereby work towards a standardized system of reimbursement for the federal government nationwide. Standardization in reimbursement rates also helped hospitals move towards standardization in quality of
Universal Healthcare eliminates the need for pre-existing condition clauses, as healthcare would no longer be a for-profit enterprise.
Shortly after that in 1995, United HealthCare attained the MetraHealth Companies Inc. for $1.65 billion. During 1998, the company undertook a momentous realignment of its operations into six independent, yet strategically linked businesses. Each of the companies were dedicated to meeting the health and well-being needs of a distinctive market segment. To accurately reflect the breadth and structure of this new company, the corporate organization, United HealthCare Corporation, was renamed UnitedHealth
A. At this current moment, there are hundreds of payers called insurance companies. With the universal healthcare, we can put an end to insurance companies so that they are all replaced with just a single payer.
"Universal healthcare refers to a healthcare system that provides benefits to all persons in a particular country." (Definition of "Universal Healthcare Coverage", Investopedia.com). This form of healthcare is used among the richest countries, Ex. Canada and France. Other rich countries that use the Universal Healthcare system spend far less than the United States does. Although the U.S spends more on healthcare, “The U.S ranks 28th below almost all other rich countries, when it comes to the quality of its healthcare assessed by UN parameters (pdf, p.13)"(Annalisa Merreli, A history of why the US is the only rich country without universal healthcare, qz.com). These statistics call for a change. The United States should adopt universal healthcare because it would benefit business, provide equal access to healthcare, and is a human right.
As financial manager, my role is a complex one covering many different areas of my clients finances. My role requires me to have a full understanding of the finances and how my company is ran. I am responsible for managing the budget and allocating funds amongst the different departments in relevance to importance, in order to keep the company running successfully. Choosing to invest in a company is a huge decision , requiring a rigorous amount of research. This research is done in order to determine whether the companies are a good fit for each other. The amount of research conducted can make the difference between my investor increasing their profit and losing money.
Wellington Regional Medical Center is located in Wellington, Florida. It is a 233-bed, acute-care hospital, owned by a subsidiary of Universal Health Services, Inc., a highly respected, healthcare management organization. Wellington Regional Medical Center is owned and operated by a subsidiary of Universal Health Services, Inc.(UHS), a King of Prussia, PA-based company, that is one of the largest healthcare management companies in the nation. Wellington Regional is proud to have provided high-quality healthcare("About Wellington Regional Medical Center - Palm Beach, FL | Wellington Regional Medical Center," n.d.) services to the
The goal of universal healthcare is to ensure that every person in the world has access to basic affordable healthcare. The World Health Organization takes that concept a step further and has declared that healthcare is fundamental basic human right that should be equally provided for all people. The United States has been one of the last countries in the world to try to implement a universal healthcare
The health care system in the United States is one of the greatest concerns facing Americans today and is an issue both moral and economic in nature. Some think the system should stay, for all intents and purposes, the same. They believe that the right to healthcare is a stepping stone toward socialism, and that it is the responsibility of the individual to obtain health care. These are usually the more ideologically conservative citizens and politicians who believe that medicine should remain a free enterprise, not to be constrained by government interference. Then there are those who believe that healthcare is a right, and the federal government has a responsibility to make sure it is available to all citizens, not just those who can afford
United Healthcare network program include: long term acute care hospitals, home health facilities, rehabilitation centers, family planning centers, diagnostic/laboratory and radiology centers, cancer center and hospice care centers (United Health Group, 2016). UnitedHealth Group was awarded and reorganized as the top ranking company in insurance and managed care sector on Fortune 2017 “World’s Most Admired Companies” list (United Health Group, 2017). The company has made a tremendous impact in people lives through educational video on methods/modification to accomplish and live healthy life styles. About 5.8 million dollars was invested by the organization in development of family health that aimed in effectively maintaining patient safety to accomplish a better health outcome and low cost. Through Accountable Care Organization (ACO), the organization has effectively maintained good affiliation with about 574 hospitals, 74,000 medical providers and 1,950 medical groups (United Health Group,
Humana, Inc. is a health insurance company from Louisville, Kentucky that started in 1961 by Lawyers Wendell Cherry and David A. Jones, Sr. Humana started as a nursing home where it later become the largest nursing home company in the nation. After the nursing homes they soon began to purchase hospitals entirely for expansion. The name of the company changed to Humana, Inc. two years later. Cherry and Jones continued to expand by purchasing other companies. In 1984, the company began focusing on Health Insurance where it remains to focus on even today. Since 2014, Humana has had over 13 million customers and over 52,000, and a revenue of $41.3 billion that was reported in 2013.
United Healthcare assesses that it services approximately 70 million Americans . Its entire system spans 676,287 physicians and health care professionals, 80,000 dentists and 5,190 hospitals, whilst their pharmaceutical management provides more affordable drugs to 13 million people.
Under this approach, as an example, United averages on any given day about 27,000 members in an inpatient setting and another 14,000 members receiving services in a skilled nursing facility. These members are managed by 2,000 clinical employees working with attending physicians to achieve optimal quality outcomes and having proper discharge plans in place when members leave the facilities in order to prevent unnecessary readmissions. United also expects to make one million house calls and home visits for its Medicare members aimed at enhancing adherence in care plans and closing care gaps.