Healthcare System Management Healthcare Financing

Many governments today have made it their duty to put in place mechanisms that would ensure their citizenry is provided with an effective and affordable healthcare service. Healthcare is an expensive undertaking that needs proper financial planning.Advertising We will write a custom essay sample on Healthcare System Management: Healthcare Financing specifically for you for only $16.05 $11/page Learn More However, the sector, as the paper reveals, encounters a terrific deal of issues, which include staff and physician issues, cost-related issues, competition, and the drive for technology, just to mention but a few. Further, as a chief finance officer, the paper gives me a chance to point out the strategies that I can put in place in a bid to curb the aforementioned issues in an attempt to make health care available to the majority without compromising its quality. Healthcare finance issues Staff and physician shortages affect the healthcare industry in so many ways. Staff and physicians who can be described here as health professionals are the backbone of the health industry without whom there will be no health industry thus doing away with healthcare. A logistic regression analysis on staff to patient ratio indicates that more staff per patient in the health industry increases the satisfaction of service provided to patient, as well as by the individual healthcare giver. This increases the patients’ confidence in the healthcare system, which will therefore lead to the patient investing further in the healthcare sector. Shortage of staff leads to burnout among staff members, as they are overworked therefore leading to a gradual compromise of the service provided (Zhu Yu, 2012, p. 266). Such outcomes lead to patients losing their faith in the system thus leading to pullouts that will affect the financing of the whole program. The drive for technology is another issue that affects the healthcare sector together with its financ ing in a positive and negative manner. Technology, as an industry, evolves every day. With it, it comes with better and efficient ways of solving problems. Improved technology in the diagnostic equipment leads to more accurate diagnostics and exact solutions to a problem.Advertising Looking for essay on health medicine? Let's see if we can help you! Get your first paper with 15% OFF Learn More This leads to increased faith in the healthcare system, which will lead to further investment in the system and thus leading to financial stability. At the same time, technology is extremely expensive, as it leads to escalated costs in the services being provided. This influences negatively on the financial position of healthcare service providers, as they will also have to raise their premiums for them to stay afloat (Ganz, 2011, p. 111). Such financial implications influence the scope of services provided, as well as the numbers of people who can afford it thus making it both an enhancing factor as well as a limiting factor. Increased competition is yet another issue that has had an impact in healthcare finance in different ways. Big companies with large capital bases have used their financial power to dominate the industry by developing exceptionally large networks of their businesses within the markets in which they operate. This follows because their financial capacity and networks enable them to provide cheaper services, and an almost omnipresent presence makes them enjoy the benefits of the economies of scale. To dominate the market, the giant guns make takeover bids for the smaller providers. The small providers also merge with other small providers to enhance their capacity. Stiff competition has also led to the closure of healthcare providers who cannot compete effectively with others (Cleverly Cameron, 2011, p. 461). It has also led to healthcare providers seeking further financing through tools such as equity and borrowing to enable them raise enough funds for stability in the market. Cost issues in the healthcare financing sector are one of the principal factors that affect the industry because the cost is heavily dependent on financing for it to move on. The basic drive of any investor is to make a profit, and if possible, in the shortest time possible. Therefore, when people invest in healthcare, they are there primarily for profits. The demand for profit, as well as the need to provide a quality service, has to be balanced to come up with a winning situation for the investor and the clients. Reimbursement is a weighty and an urgent issue in healthcare management because healthcare firms provide services for which they are later compensated.Advertising We will write a custom essay sample on Healthcare System Management: Healthcare Financing specifically for you for only $16.05 $11/page Learn More Therefore, reimbursement, as a major component in healthcare, determines whether a firm will be paid for a service that it has already provided, and cannot be retracted. It also determines whether the firm will recoup its money, as well as profits. Reimbursement in healthcare is a complex issue, as it mostly involves a third party who makes the payment on behalf of the patient way after the patient has received the service. It also involves a complex billing system that varies from one provider to the other (Casto Layman, 2006, p. 16). A poor reimbursement structure will lead to losses, which can be irrecoverable. This makes financing healthcare a devilishly tricky matter for investors because any investor will only put his/her money in a system that guarantees positive returns. Therefore, reimbursement will dictate the financing of a healthcare program. Strategies to Put in Place if I were a Chief Finance Officer (CFO) As a chief finance officer of a healthcare system, I would come up with measures that would define the different cost areas in terms of service and adminis trative costs. The service cost would be the cost the firm incurs when it provides a given service to the client, and the administrative costs being the costs of running the firm. Other cost areas would be statutory costs, as well as costs related to credit obligations of the system. Overhead costs, though coming under administrative costs, are at times higher than expected. Therefore, in my view, the cost should stand out as one of the major costs that the firm might face in the future. Firstly, in a bid to fund the costs, I would commission a research survey that would bring out the cost of providing different services by the different service providers. I would use the health insurance sector as a potential body besides donors who have the health of others at the center of their minds to fund the costs. Afterwards, I will come up with a cost that is fair compared to other providers and package it in such a way that it will be attractive to the insurance players at the same time b eing profitable to my firm. I would also price the services in a way that they would be able to cover the costs of the service that would have been provided. I would also apply for any exemptions and subsidies as provided for by the law.Advertising Looking for essay on health medicine? Let's see if we can help you! Get your first paper with 15% OFF Learn More I would allocate resources based on the following factors: the needs of the system, the availability of resources, and the demand for a given resource, as well as the different needs of the different distinctive groups, if any. Basic needs of the system will be allocated resources, as they are essential to the existence of the system. The demand for a given resource also makes it an integral bit of the system (Ganz, 2011, p. 113). Therefore, the availability of a given resource will determine how much each group will receive based on the corresponding order. Special groups make a system look different from others thus standing out as a decisive factor too. As a CFO, I would make a decision on individual capital items to discard or retain depending on the factors at hand. Fixed assets like buildings, which appreciate over time, would not be discarded as long as the geographical position of the asset is still relevant to the business. Equipment will be discarded depending on the follo wing factors: old machines, which have been broken down and are beyond repair, repairable machines, which are cheaper to replace than to repair, old machines, which are working but are obsolete in the industry, as well as equipment that can disposed before they lose value. I would invest in human capital and technology, as well as assets that will be relevant to the future functioning of the firm. A competent and adequate work force is essential for the provision of services because healthcare is about service delivery, and, for a system to stand out, it has to have a unique touch, which should be different from the rest in the industry. Healthcare, like many other industries, is dependent on technology for proper, accurate and speedy delivery of services to the clientele. Investment in assets in strategic areas and locations will also be a consideration. As the CFO of a healthcare system, I would base my financial prognosis on the capital base of the firm, the budget of the firm, a nd the different sources of revenue that the firm has been using. The capital base of the firm will allow the firm to plan with a given amount at hand without factoring in outside revenue intervention. Expected revenue will be based on the different services that the firm will be offering, as well as new services that could be introduced to increase the revenue base (Dechow Larson, 2011, p. 39). To prepare the health sector for the future, I would invest in research and development. The bit about research would enable the firm to predict expected trends in the market in a bid to come up with packages that would put it up-to-date in the industry. I would also enter into partnerships with other players in the industry upon which my organization depends. This is a sure way of securing the market and taking control of the market. I would also negotiate for favorable credit terms from creditors as a way of strengthening the organization’s capital base. Conclusion In conclusion, h ealthcare financing is one of the trickiest components about the healthcare system management, as it is intricate and complicated in nature. Healthcare is a gigantic industry in many countries. It is still growing and extremely dynamic in nature. Many factors that are not or should not be seen as main drivers of this system tend to play a prominent role in dictating the direction the industry is taking . Factors like technology and administrative systems, which should be secondary, have come up as main factors, which tend to dictate the direction and existence of the system. Planning and forecasting have also come up as significant factors due to their determinant nature of the future of the industry. Without planning and forecasting, the industry would simply come to a halt, as the financial industry is at times unpredictable. Reference List Casto, A., Layman, E. (2006). Principles of Healthcare Reimbursement. Illinois: Ahima. Cleverly, W., Cameron, A. (2007). Essentials of Healt hcare Finance. New York: Jones Bartlett Learning. Dechow, P., Larson, P. (2011). Predicting material accounting misstatements.  Contemporary accounting Research, 28(1), 17-82. Ganz, R. (2011). The impact of healthcare reform on Innovation and New Technology. Gastrointestinal Endoscopy Clinics of North America, 22(1), 109-120. Zhu, X., Yu, L. (2012). Nurse staffing levels making a difference on patient Outcomes: A multi study in Chinese hospitals. Journal of Nursing Scholarships, 44(3), 266-273. This essay on Healthcare System Management: Healthcare Financing was written and submitted by user Rashad Gomez to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Free Essays on Gender Reflection Paper On Friends

GRP #3 - Friendship I was raised to be a girly girl. I didn’t climb trees, I didn’t fight boys, I never learned to ride a bicycle because I got driven everywhere I wanted to go. Frankly, I was basically scared of boys through about eighth grade. I was afraid of the smallest iota of a possibility of rejection. This meant that most of the energy that would have gone towards actually pursing the boys I had crushes on was spent on psychoanalyzing my friends. Between the ages of 5 and thirteen I probably had a total of 2 male friends outside of my church. However, despite this severe lack of cross gender relationships I had my first â€Å"boyfriend† at seven years old! Strangely, this new development was encouraged by my teachers, while the idea of having a boy as friend would classify me as a tomboy or de-sex him as a male. Because of these complications I never felt very compelled to engage in a friendship with a male. However, in High school my life began to make a change, my friends (whom I had not seen since elementary school) had progressed to cross-gendered relationships – opening my eyes to a whole other spectrum of friendship possibilities. I suddenly realized that I actually had more in common with the opposite sex that I believed. In fact over the years I have found that guys have replaced some of my closest girlfriends. As I reflect on the effect of my social network on my friendships I have mixed emotions – although I appreciate the distinct femininity that has been instilled in me I wish that I had had the experience of growing up with more male friends. I would like to believe I might not have been so emotionally stunted when it came to boys. Although I see the disadvantages of my upbringing the likelihood is that I won’t stray far from it. And will sadly, pass this setback to my children until one of us gains the audacity to end the emotionally destructive circle.... Free Essays on Gender Reflection Paper On Friends Free Essays on Gender Reflection Paper On Friends GRP #3 - Friendship I was raised to be a girly girl. I didn’t climb trees, I didn’t fight boys, I never learned to ride a bicycle because I got driven everywhere I wanted to go. Frankly, I was basically scared of boys through about eighth grade. I was afraid of the smallest iota of a possibility of rejection. This meant that most of the energy that would have gone towards actually pursing the boys I had crushes on was spent on psychoanalyzing my friends. Between the ages of 5 and thirteen I probably had a total of 2 male friends outside of my church. However, despite this severe lack of cross gender relationships I had my first â€Å"boyfriend† at seven years old! Strangely, this new development was encouraged by my teachers, while the idea of having a boy as friend would classify me as a tomboy or de-sex him as a male. Because of these complications I never felt very compelled to engage in a friendship with a male. However, in High school my life began to make a change, my friends (whom I had not seen since elementary school) had progressed to cross-gendered relationships – opening my eyes to a whole other spectrum of friendship possibilities. I suddenly realized that I actually had more in common with the opposite sex that I believed. In fact over the years I have found that guys have replaced some of my closest girlfriends. As I reflect on the effect of my social network on my friendships I have mixed emotions – although I appreciate the distinct femininity that has been instilled in me I wish that I had had the experience of growing up with more male friends. I would like to believe I might not have been so emotionally stunted when it came to boys. Although I see the disadvantages of my upbringing the likelihood is that I won’t stray far from it. And will sadly, pass this setback to my children until one of us gains the audacity to end the emotionally destructive circle....

Write an essay proposing the potential environmental impacts of the

Write an proposing the potential environmental impacts of the monaco grand-prix (check others instructions) - Essay Example The creation being also involving of activities that are built on land that is useful for beauty growth by vegetation indulgencies over the years the structure is a challenge to authentic and natural grace. The Monaco Grand Prix, has been constructed and sat on a piece of land that’s has been for decades concentrated mainly on motor vehicle races. The impacts to the environment of such repeated events as this involve air pollution by the gases released by the motor vehicles, the toxic gases posed by use of fuel that is not user friendly for example diesel, and diesel hydrocarbons that are volatile and evaporate at 180-400 degrees Celsius. Some of the automobile on the tracks of Monaco run on fuels like this, distillate fuels from gas oil. The races Formula One inculcates involves each year tons of carbon emissions. These pollution effects are threats to the water body since carbon emissions interfere with the water bodies in the surrounding environment and the marine life in it along with air and noise pollution. The effects of these pollutions on the population pose risks of health in lifestyle conditions such as lung and throat cancerous ailments from inhaling the toxic gases released into the air. Depriving the environment of its own beauty to green cover, the construction of the facility does not allow for authentic green cover on the area, this leads to a reduced gaseous exchange efficiency that also deprives life of quality from lack of maximized exchange of gases. The other aspect is that of noise pollution that is involved when the races are in progress. The noise from several rushing engines is a cause of noise pollution to the city which is evident by the extents of hearing aid usage and partial deafness among the population of residents. This population of people is directly involved or indirectly involved in the

Strategic change management Research Paper Example | Topics and Well Written Essays - 1500 words

Strategic change management - Research Paper Example Acceptance that change is constant in the 21st century is inevitable. Globalization, world politics, increased global competition, a growing world population, cultural and religious conflict, technological and workforce changes and other factors must be addressed by every organization and individual in the world, if they are to prosper and survive. The strategic management process is based upon the belief that organizations should continually monitor internal and external events and trends so timely changes can be made as needed. With the distressing effects of fluctuating economy, the organization should be now committed to achieve a sustainable position in the competitive world market by making it more cost-effective. The organization in discussion provides health services to the public through various functions working together to accomplish this task. It works in collaboration with various trusts, suppliers and vendors, health care professionals and administrative functions. As a consequence of globalization, and in an effort to improve their profits and efficiency, this organization works in collaboration with other Shared Business Services located in different places within the country.

Marketing Myopia Essay Example | Topics and Well Written Essays - 1000 words - 2

Marketing Myopia - Essay Example Therefore, an efficient marketer would carefully plan and adopt strategies which are customer oriented and would try to build profitable customers relationships. In this article, the author says that marketers today focus on production and selling rather than adopting customer oriented strategies. He urges marketers to concentrate on their industries and plan their activities strategically in order to remain competitive. He also tries to motivate the marketers to study the needs of the customers to make profitable customer relationships. The main focus of this article is on providing customer value and following a customer oriented approach. The article revolves around the customer oriented approach as presented 52 years ago but can still be applied to the modern world approaches these days. In this article, the author portrays that a lot of businesses in many industries have been declining or going through the declining stage, not because of saturation of the market but because of t he shortcomings of the management. The main setback is the inability of managers to concentrate on customers and find current customer needs. ... In order to find current customer needs and wants, marketers need to carry out effective marketing research and provide only those goods and services which are actually wanted by the customers. The author gives the example of the railway business and the reasons for its decline. He explains that the railroad business concentrated on their railways instead of the benefit of transportation that it provided. Other industries were able to take away their customers not because the demand for transportation decreased (it actually increase), but because the railway business itself gave other s the opportunity of taking away their customers. The author states that the main reason for their decline was that they were product oriented instead of being customer oriented. Another example was of the Hollywood industry which concentrated on the movie business instead rather than providing entertainment to the viewers. This gave way to TV which was customer oriented and providing true entertainment to the viewers. These examples give a clear indication that being product oriented can prove to be very harmful for the company as a whole and may even force it to go out of business. There are hundreds of such examples that we see everyday and therefore, marketers as well as managers should make sure that the business adopts those strategies which are customer oriented instead of being product oriented. The main purpose of these examples is that the author wants to show the managers and marketers that a single approach of whether being product oriented or market oriented can affect their entire organization and it disregards all the other plans and work done by the management. If the marketer`s main focus is on the product and its attributes rather than on the customer and his

Reflective Essay NU-AGE

Reflective Essay NU-AGE NU-AGE is a module that has had a profound influence of my understanding about the concept and self-perception about ageing. Having to learn how much more biology, lifestyle, clinical aspects, technology, living conditions and solutions can directly or indirectly alter how an individual age. Ageism in one major concern that was given much attention to in the module. Ageism was thought be the direct action of our society towards the ageing population(reference). For the past century, the institutionalisation and the idea of making the older population redundant was a major concern to both the economy. Many had to opt for poor relief, begging, paid work when possible, charity, growing food, use of common rights and help from family. Unequal access to improved occupational and private pension have been a concern to how the ageing population had access to an income to support them through later life has contributed much to the of the negative concept of ageing. This led the population to have a stereotypical view of the prevalence of loneliness at older people that their prevalence of illness and disease were more likely higher and older workers are less efficient. Despite all these negative stereotypical views positive ideas and views have been acknowledged, but many recogn ise that the ageing population have a perceived superior wisdom from experience. Health Nutrition and health has an undoubtedly profound aspect on how progression of ageing occurs. Research has shown that people in poorer parts of England lived on average 7 years less than those of in richer parts. This has been affiliated with the qualities of life the two regions face and the conditions they are assumed to face in such regions. The poorer regions are proposed to be subjected to adverse environment conditions, more stress and poorer diet. Richer regions are assumed to have the direct opposite qualities of those of the poorer regions. Research has proven that the genotype of an individual has a profound effect on the progression of ageing of an individual, such as having the Age-1 gene. All these factors are known to contribute oxidative stress, metabolic stress and inflammation which known to affect the trajectory of how ageing progresses and the prognostic implications in later life. It has been proven that diets low in calorific value and higher in unsaturated fats a nd omaga-3, such as the Mediterranean diet, showed marked decrease in the causes of mortality such as cardiovascular disease, neurodegenerative diseases and cancers. Physical activity has been a key player in the progression of how we age. Mental health has been shown to be related to how much an individual is involved in the arts and society. For example, risks of showing onsets of dementias have been shown to decrease with engaging in thought and social processes. (reference) This clearly shows us the ageing is plastic. This relates very strongly to the Clinical Ageing and Health module I took this year in Biomedical Sciences, iterating much of what was covered but in a simplified coherent manner. Ageing affect individuals related to the ones ageing. Residents in the care homes haves generally shown that there are losses of formal association with members they have had earlier in life thus leading to increased prevalence to neurodegenerative disease and loneliness. This has been addressed by providing and involving the ageing population in the arts whereby bonding with those of a similar age, ethnicity and class which provides a strengthened emotional support, and social identities. Wealth Engagement of the ageing population has been a paramount interest of discussion over the years. Establishments of capital development projects were one of the topics of interest that has been of great interest to me, especially one EX-BEX member shared his thoughts of how he thinks that life savings in the bank might not gain as much capital gains as when other forms of investment out-weighed the risks since equity has been rising for the past century. Through this module, I have truly come to grasp of the global scale of what society is expecting from ageing, how it is perceived and what we as the younger generation can implement to address issues in relation to the current ageing population and to the younger generation to age in a graceful manner. I have learnt that ageing is not a concept to be worried about and that it should be regarded in a positive aspect to consider in life. Being an international student, I have come to experience thoughts and aspects of ageing in the UK and through other international students which I propose to implement in the Seychelles. Seychelles has had a graceful ageing population two decades ago, unfortunately the can no longer be said with confidence. Prevalences of age related diseases are rising and life-spans are decreasing. No strong investigation has been made to determine why such decline is occurring. I feel that it is my duty as a Seychellois to lead the way to investigate and support th e ageing population into the aspect of graceful and healthy. My hope is to promote the Seychelles as an example to the world that ageing is in our control and we should not fear it. My dream is to see the ageing population of Seychelles to be healthy, active and vibrant thus defeating the ideology and perception of ageism.

Actuarial Malpractice Essay -- Actuary

Actuarial Malpractice Actuaries are recognized for using mathematics in certain ways to estimate the financial obligations of a company. These approximations directly affect the company’s financial situation and outlook for the year. As any other professional occupation, standards must be followed to ensure the validity of the work being done. Risks of malpractice may arise if actuarial principles are not followed carefully. Actuarial malpractice has become a rising concern in holding actuaries liable for their work, where in previous years it was unheard of. For most professionals, designations must be acquired through a series of training and schooling. In the United States, actuarial candidates have the opportunity to be a part of the following organizations: the Society of Actuaries, the Casualty Actuarial Society, the Conference of Actuaries in Public Practice, and the American Academy of Actuaries. Each of these societies has specific requirements in the realm of passing exams and attaining work experience in the actuarial field. According to William Hager in The Emerging ...