This website uses cookies to ensure you have the best experience. Learn more

Organizational Financial Analysis Examine Programs That Provide Solutions To Today’s Health Care Problems. Evaluate The Impact Of The Choice On Global Health Care Options And The Impact Of Fraud On The Health Care System

2419 words - 10 pages

Organizational Financial Analysis PAGE \* MERGEFORMAT 1
Organizational Financial AnalysisUniversity of PhoenixOrganizational Financial AnalysisIntroductionFinancial analysis is a necessary means of interpreting data to determine if an organization is profitable or not. Today, most managers are required to be responsible for the finances and accounting for their entire department with an expectation to analyze and understand these reports. This paper will examine a healthcare system known as Happy Hospital and the financial reports produced. It will look at items such as dominant payers, balance sheets, financial principles used and of course, the budgeting process. With the use of these financial statements, determination of the profitability and efficiency of this organization will be the goal.Happy Hospital is a medium sized community hospital with 115 beds, loosely affiliated with six other facilities and two long-term care providers. The CEO of Happy Hospital is Mr. Harm O. Knee. He is operating a loss of $829,000; he is pushing harder than ever. Happy Hospital has a long and proud tradition of providing high quality care, meeting the needs of the community, and serving all individuals with respect and dignity regardless of ability to pay. Moreover, the IRS as a not-for-profit recognizes Happy Hospital and a 501(c) 3 Corporation thus makes the hospital exempt from paying income taxes (Finkler & Ward, 2006).Dominate PayersHappy Hospital dedicates the organization practices and processes to deliver safe and efficient services for the benefit of patients, physicians, and providers. A role for healthcare services is to adapt strategies from all areas of public life and industry to the complexities of healthcare, devoting to providing effective service exclusively to the healthcare profession. Today's healthcare organizations must find reliable solutions to issues such as care for the financial challenges, un-insured, personnel shortages, physician hospital relations and governmental mandates by delivering the organizations goals quickly, efficiently and cost effectively.Expenses for today's healthcare executive must find reliable solutions to address issues such as care for the un-insured, financial challenges, personnel shortages, physician hospital relations, and governmental mandates by delivering the organizations goals quickly, efficiently, and cost effectively. The hospital's goal is to provide services with no worries to the community and no worries on payments made to the organization. In order to meet this objective, the patients, no matter what their financial position is, receive appointments. Mr. Knee, CFO, goal is to take on a medical record programs that would encourage building more partnerships and sharing of medical notes (Finkler & Ward, 2006).At a Medicare and Medicaid facility, many of the providers are required to negotiate and agree to rates accepted from different insurance companies. One or two payers such as...

Find Another Essay On Organizational Financial Analysis Examine programs that provide solutions to today’s health care problems. Evaluate the impact of the choice on global health care options and the impact of fraud on the health care system

Reform of the American Health Care System

926 words - 4 pages to the one in Canada and some European nations, this recession will be decease. The problem with Medicare is that it is not efficient and it’s in serious financial problems. Medicare is not the only problem in American health care system. The Increasing amounts of uninsured people, prescription drug costs, amounts of prescription drugs per individual, and having to turn down uninsured patients are all problems dealing with this health care

Care Coordination in the Health Care System

714 words - 3 pages (Koch, 2014, p. 464). The joint efforts of all professionals provide opportunity for a better outcome, overall. Care coordination and its process is an aspect of professional practice through which nurses regularly influence patient care and has been proposed as a solution to many of the seemingly intractable problems of American health care. Care coordination is valuable because it improves outcomes overall for all disciplines involved in

The US health care system

952 words - 4 pages Unlike Australia, Canada, and Germany, the United States (U.S) does not have universal health care system. The U.S. health care is an unregulated, hybrid system that financed by private and public sectors. The first characteristic of health care system is that it is not centrally regulated by the government. Similarly, the second characteristic of the health care system is “access to health care services is selectively based on insurance

The Norwegian Health Care System

995 words - 4 pages The health care system of Norway is committed to providing health care services for all citizens regardless of income and to the principle of equal access to services. Accordingly, the health status of Norwegians is one of the best in the world, ranking much higher than that of the United States. The health care system in Norway is organized in three levels: local, regional, and national. The local level is represented by 434

The Brazilian Health Care System

2234 words - 9 pages government sets up community health centers that are financed through the government. Nurses, primary care physicians, and medical assistants. The program is commended for being efficient. The program solves 85% of health related problems (Nascimento, 2013). Cost, quality, and access to care still remain a challenge to the Brazilian health care system. Although improvements have been made, impacts on women and maternal child health, the elderly

The Canadian health care system

727 words - 3 pages benefits from their employers to cover the additional expense.The importance of universal health care is that all Canadian citizens are unimpeded by financial or other barriers, ensuring a valuable piece of mind by not having to worry about financial diminishments due to sickness or injury. To statistically prove how successful the universal health care system is, the life expectancy for Canadians born in 1999 is 79.0 (81.7 years for women, and

The US Health Care System

2698 words - 11 pages and the prices are skyrocketing every day. It is true that guaranteeing fundamental health care for everyone will be expensive. “Covering the uninsured would cost an estimated $88.6 billion in today’s dollars”. (Louis C, 68). The current situation of healthcare system indicates that there are numerous problems that need to be fixed. Other highlighted issues can however be handled by change of policies. For the future generation, there is need to

Military Health Care Policy: The Success of Military Health Care

1869 words - 7 pages endless, some more imperative than others. In 2006 the Military Health System began a four year implementation of the Prospective Payment System. This new system will give incentives and financial rewards to military treatment facilities for efficient management. By supporting this program, the Military Health System is able to capitalize on all opportunities that come with the Prospective Payment System. TRICARE’s Extended Health Care Option

Impact of Interior Design on Health Care Facilities

2555 words - 11 pages necessity facilitated the longer use of the building and also reduces the amount of energy being wasted. Environmental solutions like DIRTT walls have gained momentum in the past few decades as a result of innovative design solutions that they provide exclusively for health care facilities. Options are abundant when it comes to the design solutions they provide. Furthermore the huge advantage

The Prison system and Health Care Costs

660 words - 3 pages Parole and for incapacitation. The problem with the prison system budget in California is that health care money is “missing out” on several million dollars a year in federal funding. Another problem stating this issue is that around 35 counties through California refuse to accept funding from the states. $13 million dollars is missing (Blake Bunch). It is important to know where the budget or the money is going, because the prison or jail

The Health Care Expense

1049 words - 4 pages the obvious way to pay for a public heath system, but who should pay? It is appalling to apply this tax on Americans that can have pursued private health insurance. On the other hand, if a tax was only applied to those using a public health care system, then only those who could not afford insurance will be paying insurance. So the American dream of earning enough to be forced into paying for others goods and services comes into play

Similar Essays

The Health Care System Essay

1753 words - 7 pages their final days in as natural and comfortable a setting as possible" (p. 198). The quality of life of the terminally ill patients relies heavily on the psychosocial skills of their health care team. The health care team consists of a physician, nurse, social worker, chaplain, home health aide and volunteers. The team develops an individual care plan which will provide an appropriate support system for the patient and their family up to

The Health Care System Essay

660 words - 3 pages perfect we are going to tell you about what the potential problems are with our solutions and why it’s still better than the alternative. To close it all down we are going to explain exactly the effect the health care system has on everybody in society. So now go on and keep reading if you want to learn a little something about our not so great health care system. Unfortunately for most Americans health care is a luxury not a necessity, and so

The Impact Of Different Party System Configurations On Health Care Reform In The United Kingdom And Germany

3488 words - 14 pages THE IMPACT OF DIFFERENT PARTY SYSTEM CONFIGURATIONS ON HEALTH CARE REFORM IN THE UNITED KINGDOM AND GERMANY INTRODUCTION The Labour Party in the United Kingdom (UK) continues to come under fire. The National Health Service (NHS) reform that has been carried since 1997 scroll reap endless wave of protests. The updated protests recorded on 10 November 2013, which criticized the amount of salary received by 428 very senior managers in the NHS

Effects Of The Recession On Health Care

663 words - 3 pages , individuals skipped doctor and dentist visits, did not take their medicines, and took steps to save money that could make them less healthy. The report depicted that while a considerable number of Americans reported problems in paying for health care, an even larger portion were worried about being able to maintain insurance coverage, due to the exorbitant insurance premiums that must be paid. Conversely, the uninsured are even worse off than those