HEALTH CARE FINANCIAL MANAGEMENT 1
AnAnalysis of the Information Systems as a Challenge to ProperFinancial Management.
Background to the study
Statement of the problem
Significance of the study
CHAPTER2: APPROACH FOR RESEARCH
2.2Proper attentions to patients to obtain information
2.3Information gathering based on management systems.
2.4Focus on culture of the organization: this includes their practicesand norms
2.5Government laws and regulations
2.7Financial accounting and strategic management
CHAPTER3: KEY METHODOLOGIES FOR APPLICATION OF FINANCIAL MANAGEMENT INHEALTHCARE ORGANIZATION
3.1Conflict resolution, arbitration and negotiation
3.2Organization change and strategic management
3.4Analyzation and financial accounting
3.5Proper customer care and professional ethics
3.7Development on professionalism seminar
3.8The omic sciences
3.9The global middle class
4.0Changes in the United States systems
CHAPTERFOUR: FUTURE OF FINANCIAL HEALTHCARE MANAGEMENT IN THE UNITED STATES
4.1The state of the United States unit
4.2Analysis of industrial framework
4.3Analysis of the next general health care
CHAPTER5: CONCLUSION AND RECOMMENDATIONS
5.1Encouraging broad information systems
5.2To identify how a successful implementation of healthcareorganization works
5.3More attention to be given in the region to avoid future errors
Thispaper emphasis on analysis of the developments in the United Stateshealth care systems. It also illustrates the forms that have led totransformation and focuses on the United States evolution in the next20 years. The Patient Protection and Affordable Care Act 2010provides that every component, industry players, structures, industryeconomics must be pressed. The United States will undergo some stagesin the health care industry as it compares the current situation withwhat is expected in the future (Herkimer, 1986).
Statementof the problem
Thispaper critically analyzes how the knowledge of information system hasbeen enforced in healthcare organizations. They include:
Approach taken for the research
Key methodologies for application in financial management in healthcare organization.
Methodstaken for review.
Itwas evaluated on education based on information technology system onhealth which includes hospital systems, health informatics, medicalinformatics and patient records (Winkelman& Leonard, 2004).
Health information implementation
Thiswas achieved by using meta-analysis ways to know situations forenhancing health information systems. This was inclusive of datareceived in 20003-2007 which evidently showed the implementation ofinformation systems in hospitals(Jebraeily et al, 2013)
Implementation of proper attention to patients through patient record system.
Thiswas through the attitude of the health staff to members, informationbased on the medical skills. It was known that there was no trainingon how to use information system. It was also difficult for patientsto adapt to the new health systems (Berger, 2008).
Thestate of the united states health care industry
Thesituation today reveals that the population consists of poor, agingpopulation, the middle class and the expensive therapies. As theeconomic sector develops. Man requires better care, fuel for highermedical interventions. The United States spends more capital onhealth as compared to other nations. It also uses extra expenses onits budget. However this doesn’t correspond with the healtheffects.
UnitedStates is well known for advanced care, better research equipment’sbut this soon brings it as the best nation with the best outcome.There is also usage of emergency health sectors for treatment ofsituations that are less dangerous, uneven profits and poorconcentrating of margins in industry producers (Lapão,2011). There is also lack of completion in the healthcare industry. There ispoor timing and poor ratio of competition when the organizations arecompared. In order to curb this, there needs to be diversity of thehealth situations in the United States.
Toknow its present state, one needs to know the Act that governspatients (the Patient Protection and Affordable Act). It includes theinsurance coverage, actuarial models, architecture subsidies, andexpectations concerning the provision and management of care. Howeverit’s still uncertain in the use of use of data and transparency inthis Act. The population of the patients, and its nature greatlyreflects the current situation in the United States for example,poverty, declining population and declining birthrates also pose athreat to the population and also shows the current situation of thatnation.
Researchdone greatly affects how the organization carries out its errands.Too much focus is placed to establish one disease forgetting otherdiseases. For example gene therapy has not been identified. This nowreduces the lifespan of man since there are the bright initiativesbeing implemented on these investments.
Consequentlyin technology, the methods suggested to know the information basedapplications are difficult especially those that involved economic,inter-organizations and intra-organization ways. There is also nostandard framework which has been initiated for identifying outrightfeedback on the information system on how it affects the use ofinformation technology which has been effective or has it had itsbenefits (Rahimiet al 2014)Therefore there is an urgency to transmit knowledge on how toevaluate the impact of these investments.
Justbecause a health organization has implemented on information systemdoes not mean that there is efficiency being experienced. Actuallythe organization requires ways and infrastructure that can be used toavoid confusion in health organization system in their interior andexterior processes (Garde,2007).Therefore, the things to be put in place to avoid this are: Asuccessful organization needs a place where there is data. Lack ofproper and accurate data may lead to failure. Nevertheless themanager or officer in charge of an organization should be able tohandle the business sector and information system will help them knowwhat to do and correct the challenges that are being faced.
Changesin the us healthcare industry
Thisincludes stage which illustrates how forces will change the UnitedStates industry. There is a lot of misunderstanding on the PPACAlegislation. Its implementation has also brought confusion despiteits important and valuable provisions. Hence more time will be takento change the loopholes in this Act.
Anotherfactor that disrupts the development of the United States is the GDPratio, job creation and less income. More of the healthcare sectorrelies on capital investment which stagnates the economic growth andlegislation.
Demographictrends are still issues which don’t favor the United States healthsector growth. It is difficult to curb his cause the factors thatdegrade it such as diseases, aging population which do not seem tobring any motivation on the citizen’s lifestyles.
Theglobal middle class
Ifthe middle class around the globe grows there is no doubt that thereshall be increase in the profit margins, change in the United Stateshealthcare industry. Therefore there shall be more businesstransactions, job creations especially among the youth. The major aimis to develop the middle class. It’s the growing population andmost of its population members lie in this category.
Theinformation technology systems.
Since1980s there has been drastic development on creation of computersbecause they were highly preferred to be used in healthcaresurrounding. They have been used to gather information and indecision making. Therefore health applications in the computersneeded to be introduced and enhanced to facilitate this. Despite allthis there are fewer advantages that have been felt ever since theywere introduced. There has been lack of care and necessities thathave not been given in the organizations (Westbrook,2004)
Consequentlyin technology, the methods suggested to know the information basedapplications are difficult especially those that involved economic,inter-organizations and intra-organization ways. There is also nostandard framework which has been initiated for identifying outrightfeedback on the information system on how it affects the use ofinformation technology which has been effective or has it had itsbenefits. Therefore there is an urgency to transmit knowledge on howto evaluate the impact of these investments.
Justbecause a health organization has implemented on information systemdoes not mean that there is efficiency being experienced. Actuallythe organization requires ways and infrastructure that can be used toavoid confusion in health organization system in their interior andexterior processes. Therefore the things to be put in place to avoidthis are: A successful organization needs a place where there isdata. Lack of proper and accurate data may lead to failure.Nevertheless the manager or officer in charge of an organizationshould be able to handle the business sector and information systemwill help them know what to do and correct the challenges that arebeing faced.
Thewealthier a nation is the more likely that expenditure on healthcarewill consume a large portion of that nation’s wealth. A lot of thepublic health expenditure is greatly used to support technologieswith an objective to enhance healthcare provision. All the sameinformation systems greatly contribute to economic benefits throughsavings and proper data management.
Informationgiving among patients and healthcare management will greatly improvediagnosis increase patient motivation and increase knowledge amongthe patients. Statistics also reveal that electronic patient recordshave great capacity to improve patient care. This record is difficultto commence it its benefit includes easier facilitation ofinformation in health facilities and increased consistency amongdifferent service providers. The major challenge in this system isthat the records have insufficient aspirations of electronic systemsin regards with patient’s health.
Anotherchallenge is that it expensive and has inconsistent quality.Statistics also show that few hospitals approximately 2% of theUnited States hospitals have an efficient Electronic Patient Recordssystem. Therefore fewer organizations are able to install thissystem. Nevertheless the use of such information technology systemsare not guaranteed as they are complex and its markets have not yetfully established the information technologies markets.
Managementchanges in organization, changes in their culture pose socialchallenges and research technicalities may be experienced. There aredangers that are experienced in the installation of informationsystems. Quite a number of projects have not been successful becauseof non- technology issues are insufficient systematic consideration.Some of them include lack of enough acceptances by the management andalso staff it. Patients have confidence when the service quality ofthe healthcare is taken to be important therefore increasing itsusefulness. It should be noted that these greatly affects patientsview especially on service quality.
Anotherreason why there is lack of proper financial management is thathealthcare systems are perceived to acquire savings during theiroperation. This is simply a way of minimizing the health careexpenditure (Zelman, 2003). Saving is normally spent through medicalactivities. This is to say information systems should not be used asa tool of taking care of health expenditures but as a tool ofenhancing information and development in the healthcare organization.
Itis quite evident that the United States care industry will have atransition. This is believed to occur in the next 20 years. Thereforethere will be a new way of doing things these will includeagriculture and ways of life will change. This paper has revealedpatients experience and the current situation of information as achallenge to proper financial management. Lack of proper attentionhas shown how information systems in a health organization are likelyto affect the information system in the organization.
Thereare also the difficulties that have been experienced in establishinginformation systems in health care systems. Nevertheless there is somuch spending in health organizations in which much of these may notbe necessary or there have not been proper ways to curb thisspending. It’s upon each management in each organization to draftproper suggestions and proposals in order to reduce it and use moretime to ensure development of the organization through properstrategic accounting and use of efficient technology systems (VanDer Meijden,2004)
Buildefficiently and flexible practices of strategic accounting in anorganization.
Infusionof health systems in their enterprises with IT practices
Capitaleducation on awards is essential requirements in order to maintaingood health levels
Loweringimpatient risks In order to monitor platforms
Encouragingbroad adaptation of information system
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