Abstract
This paper outlines the key factor in Universal Health Services an assessment of the Universal Health Services, financial report from the prior year’s. Universal Health Services was established in during the 20th century. This corporation involves numerous medical facilities, behavioral institution, both surgical and acute care hospitals, along with diagnostic treatment facilities. Universal Health Services (NYSE: UHS) is one of the primary provider of health care services (Baker, 2014). As the recently elected CFO, an internal assessment of the corporation’s financial account should be reviewed. An explanation of the statement is supplied so that the vested investors comprehend any financial objectives and, or strategies that’s a
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The lack of quality medical treatment and or services can impact admittance to health care, which raises expenses and medical cost. I have educated myself about the diverse technology phase of health care and the knowledge of how these changes have limited the future of health care systems. In addition, knowing the role of stakeholder’s is facility planning and advancement procedure. In Health Financial Management, class I have acquaint myself with the law and governing challenges of health care. I have been educated about the diverse organization designs, gaining knowledge about future health care customers operation trends and how to assess and detect regulatory compliance problems. Also the social accountability on health care along with the task of embracing health care industrialism and that health care is not only about patient care (Harrington, & Voehl, …show more content…
The end results are usually evident in metrics advancements, for instances as staff satisfaction and staff absences. These, in junction, transform into surge in revenue, output and consumer loyalty. Alliance is a step-by-step facilitated procedure that enables people buy-in to team objectives, while, whereas, stimulating customer knowledge and education. It begins with finding core morals, crucial roles and important success aspects for both the team and its consumers. Group goals, metrics and advancement activities become the starting point instead of the end point in performance-innovations programs. Corporate vision, mission and core quality derivative from the company’s strategy are connected to each person vision, mission and core morals. The outcome is a set of enhancement activities that are over compatible with individuals' personal goals along with the groups. This alignment strategy has been productively applied in each private and public-sector corporation, such as energy business, provider services businesses, government and educational companies. As the newly elected CFO, I could also take improvement actions. In performance, numerous promising information value has been said about it, and this is with several of organizations but nothing has been done with it. While senior executives are paying rising attention to performance, there is minimal insight advance in high-performance
Over the course of our countries history, the delivery of our health care system has tried to meet the needs of our growing and changing population. However, we somehow seem to fall short in delivering our goals of providing quality, affordable and accessible healthcare to our citizens. The history of our delivery system will show we continuously changed the delivery of our system however never mange to control cost. If we can come up with efficient ways to cut cost, the delivery of quality care will follow.
The united states have a unique health care system of delivery that pursues to target some specific areas. The health reform, Patient Protection and Affordable Care Act also called the Obama care (2010), which holds the promise of universal health coverage under government mandates. With a predominant role that is play from the government the Health Care Reform is said to be, one of the most important pieces of legislation today. Universal health care is the pourpose that all citizens should have access to affordable, high-quality medical care and acces to primary care. Health care reform will provide every American with the ability to obtain, health insurance regardless of race, ethnicity, or income. With universal health care, everyone’s
Hospitals have organizational structures that allows them to carry out their duties efficiently and successfully. What separates the organizational structure of a healthcare organization from a business, essentially that the hospital 's organization is chiefly founded on the amalgamation of medical and administrative staff (Carayon, et al., 2014). The organizational structure of the twenty-first century solutions in health care hospitals involves, both divisional and hierarchical structure. In the of the chain of command hierarchy, there are various levels of professional’s that fall under other levels within the facility, and each staff member is organized in regards to departments that are related to their (KSA’s) skills, attributes and job duties (Carayon, et al., 2014). Hospital organization philosophies is based on development of values and ethics, with the understanding on moral principles relating to human conduct. These systems are comprised with the processes in decision making and determining the best actions to consider between the difficult alternatives when pertaining to patient care.
Managers who are managing health care organizations must be attentive to the accounting practices and must obey and practice the financial management procedures to be able to solve any issues if any should arise. With the continuation of the high costs of health care managers as well as consumers must know how to budget carefully. According to All Business. (2010), the cost of providing health care services, patients way of payment for these services and the environment in which those patients reside and receive those services are important elements that affect the care this is or may not be
In light of these new traits of the society, the health care sector must develop itself and address the new needs of the society. Furthermore, these new needs are not only shaped by the changes in the life style of the population, but other traits as well. For instance, at a demographic level, it is noted that the population ages at a rapid rate and requires more health care. Then, at an economic level, it is noted how the internationalized economic crisis poses new threats and limits the population's access to health care.
According to www.congress.gov (2013) Bill S.1879 Cancer Treatment Parity Act 2013 sponsored by Sen. Alan Franken and Sen. Mark Kirk: “ Amends the Employee Retirement Income Security Act of 1974 (ERISA), the Public Health Service Act, and the Internal Revenue Code to require a group or individual health plan providing benefits with respect to anticancer medications administered by a health care provider to provide no less favorable coverage for prescribed, patient-administered anticancer medications used to kill, slow, or prevent the growth of cancerous cells and that have been approved by the Food and Drug Administration (FDA)”.
Disease prevention should be the center thoughts to everyone and more specifically the healthcare providers. The nurses and the nurse practitioners should promote a preventive measure to all patients that they have seen on a daily basis. We as NPs should be proactive in promoting health care promotions in the community that we are living. “Increasing the focus on prevention in our communities will help improve America's health, quality of life and prosperity” (Centers for Disease Control and Prevention, 2014, 2). Promoting health care promotion requires some sort of good strategic to attend many people possible. One of the best ways the healthcare professionals can promote their patients how to prevent themselves from certain types of disease
Health care costs in the United States has become an extremely controversial issue. The major issue is that most people can't afford health insurance, but if the country would adopt a universal health care system it could fix that issue. Some people disagree, and think that a universal system would be too expensive, but if everyone paid their fair share it would be less of a hassle for the nation itself.
Bernie Sanders believes that the problems that the American healthcare system faces need to be addressed promptly because they are a matter of life and death. Regardless of income or wealth Sanders believes that healthcare is a human right and should be guaranteed to all Americans. Wellness and the health of individuals is prized over corporate funds in Sanders mind. Moreover Sanders encourages legislation to curb the cost of drugs and to tackle the fruan in the industry. Altogether, Sanders believes that universal healthcare serves as a strong foundation for his policy goals.
The future and direction of health care has been the topic of discussion amongst politician and U.S citizens today. There are several challenges surrounding the future and strategic direction in which health care should be heading. Accreditation, quality of health care and organization’s compliance; access to health care, maintaining a skilled workforce, information technology and pay for performance are some of the challenges that currently presenting itself in healthcare today. If health care is not dealt with appropriately it will have a significant effect an impact on the strategic direction in the future and direction of care.
The United States has one of the largest, most complex health care systems in the world. Although the U.S. is among the wealthiest nations in the world, it is far from the healthiest and falls behind other developed nations in terms of healthcare. Mexico and the United States are the only members of the Organization for Economic Co-operation and Development (OECD), which has 34 members in total, which do not have universal health care (“Should All Americans Have the Right to Health Care?” 2015). Health coverage in the United States is provided through both private and public insurance and not automatically provided to everyone. About a fifth of America’s gross
The main goal of a private healthcare practice is to generate profits from services rendered. Private health care practice’s sole purpose just like a business is to generate revenue while maintaining financial viability. Financial viability is determined after reviewing all pertinent financial documents. Financial viability and status is determined by reviewing the organization’s Balance Sheets, Statements of Operations, Statement of Changes in Net Assets, and Statements of Cash Flows. A private healthcare practice financial balance sheet records the organization’s present assets, liabilities, and net assets at the time of review. Revenue statements or statements of operations give a snapshot of the healthcare’s revenue and expenses during the reviewed financial period. Once the revenue statement documents are reviewed, changes in asset and use of equity can be determined by reviewing statements of changes in assets documents. Statements of changes in net assets, list the change in equity during a specific operational time or period of the healthcare organization (“Statements of Change in Net Assets,” cassfraser.ca, gabs.org, May 2007). Fund generation and fund use are shown in the statements of the healthcare organization’s cash flow statements. Document review of an organization’s balance sheet, statements of operations, statement of changes in net assets, and statements of cash flows, will provide a view into a health care firm’s financial standing, financial
Abstract: Research on access to transportation for health-related services shows that a lot of Americans either miss or delay their appointments for medical care due to the lack of transportation. It is shown unequivocally that, the people who are most affected by this predicament are poorer people in the suburban or urban settings, geriatric patients, obese people, disabled or chronically ill patients. Some root causes for this problem include inaccessibility to vehicles because people just cannot afford them or lack of commercials vehicles in the rural communities. Also for some patients who are obese, old, chronically ill or disabled, taking the bus or subway or taxi can be a challenge. Consequently, they miss their medical appointments.
Improving the quality of health care system is the main goal of this organization. In this case study we will be talking about the strategic plans being made by the organization for the next decade to deal with the problems of resource management, network growth, patient satisfaction as well as nurse staffing. The readiness of the organization towards catering the citizens' needs for health care will also be discussed in this case study (Goetsch and Davis, 2010).
Understanding the financial analysis of healthcare organizations is strategic to the organization by understanding their stand on the amount of revenue they gain, healthcare assets, and their financial goals. This paper will provide a comparison on the performance of financial analysis of several California Healthcare Organizations such as; Scripps Health, Palomar Health, Sharp Healthcare, and Tri-City Healthcare. The four healthcare organizations will be illustrated with an overview about what the organizations have been doing financially , where they have been growing financially, and what have they accomplished over the past year from examining their financial statement. As the nation’s healthcare model continues to evolve,