HEALTH CARE FINANCIAL MANAGEMENT 13
AnAnalysis of the Information Systems as a Challenge to ProperFinancial Management
NameOf The Student
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: Methodologies Of Financial Management In Healthcare 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
CHAPTER4: 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 thenextgeneral health care
CHAPTER5: Conclusion And Recommendations
5.1Encouraging broadinformation systems
5.2To identify how a successful implementation of healthcareorganization works
5.3Moreattention to be directed in the regionto avoid future errors
AnAnalysis of the Information Systems as a Challenge to ProperFinancial Management
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,industry economics must get pressed.The United States will undergo some stages in the health careindustry as it compares the current situation with futureexpectations. (Herkimer, 1986).
StatementOf The Problem
Thispaper critically analyzes how the knowledge of information system getenforcedin healthcare organizations. They include:
Approach took for the research
Key methodologies for application in financial management in a healthcare organization.
Itbasesoneducation based on information technology system on health whichincludes hospital systems, health informatics, medical informaticsand patient records (Winkelman& Leonard, 2004).
Health information implementation
Theobjective got achievedthrough use of meta-analysis ways to know situations for enhancinghealth information systems. Theprocess involved inclusion of datareceived in span of 2003-2007 which evidently showed theimplementation of information systems in hospitals(Jebraeily et al.,2013)
Implementation of proper attention to patients through patient record system.
Theintervention bases on theattitude of the health staff to members, information based on themedical skills. It is evident that minimal training on informationsystem use exist. Further, it proves challenging for patients toadapt 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 the economic sector develops. Manrequires better care, fuel for higher medical interventions. TheUnited States spends more capital on health as compared to othernations. It also uses extra expenses on its budget. However,this doesn’t correspond with the health effects.
TheUnited Statesisknownin offering high quality care, better research equipments,but this soon brings it as the best nation with the best outcome.Additionally,emergencyhealth sectors are used for the treatmentof situations that are less dangerous, uneven profits and poorconcentrating of margins in industry producers (Lapão,2011). Further, completion in the healthcare industry lack. Poor timing andpoor ratio of competition when the organizations getcomparedexists. Tocurb this, there is need for diversityin the health sector 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.However,it’s still uncertain on how data gets applied and transparency inthe Act. The number of patients and the nature of their diseasesreflects the current situation in the United States,in an instance, poverty, declining population and decliningbirthrates also pose a threat to the population and also shows thecurrent situation of that nation.
Previousresearchers done didaffects how the organization performs its errands. Too much focus isdirected in establishing individual health issues creating apossibility offorgetting other diseases. For example gene therapyhas not been identified. The situation reduces the life expectancysince there are the bright initiatives under implementationon these investments.
Consequentlyin technology, the methods suggested tocomprehend theinformation based applications are difficult especially those thatinvolved economic, inter-organizations and intra-organization ways.Additionally,is also no standard framework which has been initiated foridentifying outright feedback on the information system on how itaffects the use of information technology which has been effective orhas it had its benefits (Rahimiet al. 2014)Therefore there is an urgency to transmit knowledge on how toevaluate the impact of these investments.
Implementationof information system by health organization doesn’t justifyachievement of efficiency. Thus, organizationsrequire ways and infrastructure that can be used to avoid confusionin health organization system in their interior and exteriorprocesses (Garde,2007).Therefore, the following intervention find application in minimizingthis challenge: availing data form the base line for the success ofany organization. Lack of proper and accurate data may lead tofailure. Nevertheless,the manager or officer in charge of an organization should be able tohandle the business sector,and information system will help them know what to do and minimizethe challenge facing the industry.
ChangesIn TheUnited States HealthcareIndustry
Vastintervention developed aim which illustrates how forces will changethe United States industry. There is a lot of misunderstanding on thePPACA legislation. Its implementation has also brought confusiondespite its important and valuable provisions. Hence,more time will be taken to 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 sector relies on capitalinvestment which stagnates the economic growth and legislation.
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 an increasein the profit margins, change in the United States healthcareindustry. Therefore,there shall be more business transactions, job creations especiallyamong the youth. The major aim is to develop the middle class. It’sthe growing population and most of its population members lie in thiscategory.
TheInformation Technology Systems
Sincethe 1980sthere has been drastic development on the creationof computers because they were highly preferred to find use inhealthcare environment. They have been used to gather information andin decision 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 theygotintroduced.There has been lack of care and necessities absent in theorganizations (Westbrook,2004)
Consequentlyin technology, the methods suggested understandthe information based applications are difficult especially thosethat involved economic, inter-organizations and intra-organizationways. There is also no standard framework 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 how to evaluate theimpact of these investments.
Implementationof information system by a health organization has implemented do notjustify efficiency. Theorganization requires ways and infrastructure that can be used toavoid confusion in health organization system in their interior andexterior processes. Therefore,the measures such as ensuring availability of data lead to success ofan organization. Lack of proper and accurate data may lead tofailure. Nevertheless,the manager or officer in charge of an organization should be able tohandle the business sector,and information system will help them know what to do and minimizethe challenges present.
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 a greatcapacity to improve patient care. This record is difficult tocommence it its benefit includes easier facilitation of informationin health facilities and increased consistency among differentservice providers. The major challenge in this system is that therecords have insufficient aspirations of electronic systems inregards topatient’s health.
Anotherchallenge is that itisexpensive and has inconsistent quality. Statistics also show that fewhospitals approximately 2 percent of the United States hospitals havean efficient Electronic Patient Records system. Therefore,fewer organizations caninstall this system. Nevertheless,the use of such information technology systems isnot guaranteed as they are complex,and its markets have not yet fully established the informationtechnologies markets.
Managementchanges in organization, changes in their culture pose socialchallenges,and research technicalities may experienced.Possibilities of complications exist in the installation of packages.Quite someprojects have not been successful due to insufficient systematicconsideration. Some of them include lack of enough acceptances by themanagement and also staff it. Patients have confidence when theservice quality of the healthcare is taken to be important thereforeincreasing its usefulness. It should get notedthat these greatly affects patients view,especially on service quality.
Anotherreasonthere is a lackof proper financial management is that healthcare systems areperceived to acquire savings during their operation. Thescenario minimizesthe health care expenditure (Zelman, 2003). Individual saving getsspent normally onmedical activities. Thus, information systems should not findapplication as tools generatingofhealth expenditures but as techniques forenhancing information and development in the healthcare organization.
Itis quite evident that the United States care industry will have atransition. Thechange is speculated occurin the next twenty years. Therefore,there will be a new way of doing things these will includeAgriculture,and ways of life will change. The essay has clearly depicted howpatients 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.
Difficultiesexist in the process of establishing information systems in healthcare sector. Nevertheless,there is so much spending in health organizations in which much ofthese may not be necessary, or there have not been proper ways tocurb this spending.It’s upon each management in each organization to draft propersuggestions and proposals toreduce it and use more time to ensure development of the organizationthrough proper strategic accounting and use of efficient technologysystems (VanDer Meijden,2004)
Build efficiently and flexible practices of strategic accounting in an organization.
Infusion of health systems in their enterprises with IT practices
Capital education on awards is essential requirements to maintain good health levels
Lowering impatient risks to monitor platforms
Encouraging broad adaptation of information system
Berger,S. (2008). Fundamentalsof health care financial management: A practical guide to fiscalissues and activities.San Francisco: Jossey-Bass.
Rahimi,B., Safdari, R., & Jebraeily, M. (2014). Development of HospitalInformation Systems: User Participation and Factors Affecting It.ActaInformatica Medic.
Lapão,L. V. (2011). Organizational Challenges and Barriers to Implementing“IT Governance” in a Hospital. 14(1),37-45.
Garde,S., Hullin, C. M., Chen, R., Schuler, T., Granz, J., Knaup, P., &Hovenga, E. J. (2007). Towards sustainability of health informationsystems: how can we define, measure and achieve it?. In Medinfo2007: Proceedings of the 12th World Congress on Health (Medical)Informatics Building Sustainable Health Systems(p. 1179). IOS Press.
VanDer Meijden, M. J., Tange, H. J., Troost, J., & Hasman, A.(2003). Determinants of success of inpatient clinical informationsystems: a literature review. Journalof the American Medical Informatics Association,10(3),235-243.
Westbrook,J., Braithwaite, J., Iedema, R., & Coiera, E. (2004). Evaluatingthe impact of information and communication technologies on complexorganizational systems: a multi-disciplinary, multi-method framework.In 12thWorld Congress on Medical Informatics (MEDINFO)(pp. 1323-1327).