Note: Sample below may appear distorted but all corresponding word document files contain proper formattingExcerpt from Term Paper:
How to Protect Revenue Streams
The purpose of this research analysis was to discover tools healthcare organizations and practitioners can use to increase revenue streams while facing the rising costs of healthcare and an increasingly aged population relying on Medicare and Medicaid for healthcare coverage. Traditionally Medicare and Medicaid offer very little in the way of comprehensive medical services. This has inspired with healthcare community however to come to the realization that hierarchical care within healthcare facilities is no longer a viable means of providing care to patients in need. Cutbacks can be made but often they will result in substandard care for those that need care the most.
The researcher conducting this review proposes healthcare facilities adopt a horizontal approach to healthcare. Such an approach would as inferred by the literature, enable hospitals to work with communities, volunteers and junior level providers to provide comprehensive preventive and minimally invasive care for patients. Such care would involve training and educating junior medical professionals or nurses so they have the ability to treat patients more comprehensively using advanced diagnostic tools.
Technology has afforded healthcare facilities the ability to become more efficient. Despite this, hospitals and many other facilities continue to rely on less than optimal or efficient resources for carrying out day-to-day functions. It is the role of hospital administrators to recognize the need for their communities to spend more in the way of technology and training to produce greater revenues in the future. Outreach programs should focus on providing those with Medicaid and Medicare coverage ample access to community resources that will provide them with the preventive and palliative care they need as they age. Hospitals must also recognize the ability of information systems including those introduced by companies like the SSI Group, Inc., to minimize the amount of paperwork, billing and filing involved in patient care. By not relying as much on administrative tasks and by not producing as much paperwork, hospitals and other healthcare facilities become "thrifty." Less paperwork means less expense. Most patient information can be stored electronically in a safe and ethical manner. This will also prove more efficient and reduce costs as specialists working with a patient can share information with each other from one end of the world to another with little more than a computer between them.
Preventive care is also a first line resource for healthcare agencies interested in increasing revenue streams for healthcare facilities. More and more people are interested in preventing disease rather than treating disease (Mohan, 2002). The preventive and community-based healthcare model has long been cited as a tool for increasing and maintaining adequate streams of revenues for healthcare facilities. Larger entities including hospitals can cut back on costs by adopting less invasive procedures, procedures patients become eligible for because they are in better health when first admitted to the hospital. For hospitals to realize their goals of sustainable economic resources, they must first be willing to adopt a new mindset. They must be willing to view healthcare and patients in a continuum, one that includes efficiency of service and quality over quantity. Once healthcare entities start operating in this way, revenues will increase and the costs associated with healthcare decline. Medicare and Medicaid no longer serve as problematic factors when healthcare organizations learn to work in an efficient manner as in the one proposed in this paper.
AHA. (2006). AHCA 2006 Priority: Proposed Medicare, Medicaid Cuts Would Jeopardize the Care for America's Most Vulnerable, Frail, Elderly and Disabled. American Health Care Association, Retrieved October 14, 2007:
Hurwitz, M.R. (1993, Sep). Patient supply charges: Still a revenue source? Healthcare Financial
Management, Sept. Retrieved October 13, 2007:
Katz, Sapper & Miller, LLP. (2006) Healthcare Facilities. Katz, Sapper & Miller, LLP. Retrieved October 12, 2007:
Mohan, J. (2002). Planning, markets and hospitals. London: Routledge.
SSI (2007). ClickON Hospitals & Healthcare Enterprises. The SSI Group, Inc. Retrieved 13, October, 2007:
U.S. Dept. Of HHS. Medicaid Program - General Information. U.S. Department of Health and Human Services, Retrieved October 13, 2007:
U.S. Dept. Of HHS, 2007b. Medicare. United States Department of Health and Human Services,
Retrieved October 15th, 2007:
West, P. (1998). Future hospital services in the NHS; One size fits all. London: Nuffield Trust.
"Revenue Healthcare Revenue For Healthcare" (2007, October 15) Retrieved October 24, 2016, from http://www.paperdue.com/essay/revenue-healthcare-for-35150
"Revenue Healthcare Revenue For Healthcare" 15 October 2007. Web.24 October. 2016. <http://www.paperdue.com/essay/revenue-healthcare-for-35150>
"Revenue Healthcare Revenue For Healthcare", 15 October 2007, Accessed.24 October. 2016, http://www.paperdue.com/essay/revenue-healthcare-for-35150
Healthcare for Mentally Impaired Patients Probing what information is available about the current status of placement or accommodation and level of personal healthcare available to mentally impaired and emotionally disturbed individuals, it is clear that the analysis is as diverse as there are different mental illnesses. While statistics on managed care treatment for people with severe and disabling mental illnesses are sparse, it is evident that the financial responsibility to care
Health Care Accounting Because health care focuses on a human concern, it is especially important to maintain a sense of ethics in this field. This becomes even more important when the concern is finance, accounting, and accountability. It is vital that accountability be maintained in healthcare funds, since the concern is often public funds and its application. If these are badly managed or unethically applied, the cost might be more than
"Studies of the relationship between managed care penetration in the health care market and expenditures for Medicare fee-for-service enrollees have demonstrated the existence of these types of spill over effects" (Bundorf et al., 2004). Managed care organizations generate these types of spillover effects by increasing competition in the health care market, altering the arrangement of the health care delivery system, and altering physician practice patterns. Studies have found that higher
Health Care Finance Financial analyst Eric Feigenbaum (2009) notes that while we like to think of hospitals in terms of compassion, patient care and dedication to altruistic aims, they are businesses concerned with revenues and expenses like any other business (Feigenbaum 2009, p.2). In today's hectic world of economic downturn and financial struggles felt from individuals of every demographic and social status, revenue and expense accounting are issues that must be
According to the U.S.A. Today (Borenstein, 2007), the latest IPCC report states that within twenty years "hundreds of millions of people won't have enough water." And while safe drinking water may not be available to those millions of people, tens of millions of others will be "flooded out of their homes each year" as rising temperatures cause polar ice caps to melt. "Tropical diseases like malaria will spread" and in
Conclusion Based on the information currently available, the Canadian health care system is the more utilitarian and is, therefore, the better approach but those facing the need for advanced and expedient care would certainly argue otherwise. Therein lies the problem and therein lies the challenge for American society. Even the most ardent proponents of employer-based insurance plans would dare not argue that having great numbers of uninsured is the price that
reputed "health crisis" currently facing Americans. The author explores several aspects of the health care crisis and analyzes the validity of those claims. The author presents an argument that there really is not a health care crisis and it is a fallacy. There were six sources used to complete this paper. Why do People Believe the Crisis is Real? What Evidence is There That it is Not Real? What are some of