What are the three most challenges facing the healthcare system due to changes in financial mechanisms?
© BrainMass Inc. brainmass.com March 21, 2019, 11:10 am ad1c9bdddf
https://brainmass.com/health-sciences/health-care-management/healthcare-system-and-the-changes-in-financial-mechanisms-36837
Solution Preview
Please refer to file attached (alos presented below). I hope this helps and take care.
Essay Due Soon? Let Our Experts Help You Beat the Deadline!
Tell us about your assignment and we will find the best writer for your paper. Our Essay writing service covers over 243 courses and programs, catering to your specific needs.
Write My Essay For Me!RESPONSE:
1. What are the three most challenges facing the healthcare system due to changes in financial mechanisms.
Healthcare continue to be faced with rising costs, declining reimbursement, and limited resources. Aggressive planning and ongoing cost management are critical to survival in today’s health care environment. Additionally, healthcare facilities (i.e., hospitals) need to manage operations in the most productive and cost-effective ways. One way to accomplish this is by disseminating critical financial information to operational managers in a timely manner. Another involves identifying the profitability of services, product lines, and contracts and making the strategic decisions to either enhance, or possibly discontinue, those products (http://www.findarticles.com/p/articles/mi_m3257/is_8_58/ai_n6154208).
The transition to innovative and high quality IT services Healthcare is challenged by this transition (i.e., setting up of financial and accounting computer systems is one of the financial and operational challenges facing healthcare today. Most industries recognize that world-class quality cannot be produced without automation. However, the LTC, for example, industry expects perfect execution and documentation from a labor source that is scarce and sometimes unskilled. Without IT solutions, those expectations are unrealistic.
The transition to integrated delivery system The optimal organizational form or model for structuring relationships between hospitals and physicians, which allows for a cooperative rather than competitive relationship is open to much debate. Local market forces will influence the feasible range of options available. However, the more successful models succeed in creating shared economic incentives for both the hospital and the medical staff. This alignment of financial incentives remains one of the most difficult challenges facing systems today, affecting both hospitals’ strategic choices. As stated in the February, 1997 Bristol Review, Stephen Shortell in Remaking Health Care in America defines functional integration as “the extent to which key …
Can You Do My Homework for Me?
YES, ⚡ Experience the brilliance of our essay writers from the US, UK, Canada, or Australia by entrusting us with your next essay.
NursingEssayHub.com is a distinguished ONLINE ESSAY WRITING AGENCY that specializes in offering expert writing help and assistance to students across all academic levels. With a team of highly skilled writers and editors boasting years of academic writing experience, we are fully equipped to guide you throughout the entire process, from selecting the perfect topic for your paper to completing a thorough literature review and delivering a well-formatted final draft.
ORDER A SIMILAR ESSAY WRITTEN FROM SCRATCH at : https://nursingessayhub.com/
