Health care finance overview and key details

Decisions and Finance

A family situation has arisen in which a decision needs to be made as to what to do with an aging, sick parent that can no longer be taken care of at home. The six thinking hats is an appropriate technique for the family to use to make the decision in a peaceful manner without hurting feelings in the process. It is important that all the aspects be considered without damaging arguments for the decision to be made for the best interests of the aging parent.

The blue hat lays out the overall problem, what the parent's needs are, options for care that is available, and any optional agendas (Six Thinking Hats). The black hat analyzes and criticizes the overall view, the fact the parent would not be living at home. The red hat is where everyone is given opportunity to voice any concerns, their own feelings, emotions, gut instincts, and hunches. The white hat gives all the facts of the situation, available data concerning the care options, costs, and what opportunity is available with each option. The green hat gives the family room to be creative in the thinking in what each member feels is in the best interest of the parent and express their own ideas of what they feel would make the parent comfortable and happy. The yellow hat gives each family member logical and positive thinking. After much discussion, the family can think in positive ways about how the transition can take place for the parent, any decorating items that need to be taken, anything that makes the parent feel at home as much as possible that is allowed, and how each family member can contribute to the transition.

The effects of the application would put all the family members in the same line of thinking. This makes it easier for the family to honestly analyze the situation, express all their feelings, emotions, and hunches. It gets everything out in the open to be viewed in a realistic manner. When the facts and data are presented, everyone would be open to analysis of what each family member can handle and what the best options are. From there, each family member can be part of the plan to do what it takes to make the transition easier for the parent, plans to brighten the environment, and add things that makes the parent feel comfortable an happy with the plan. Once the decisions are made, everyone feels, at least, ok with the decision.

On an individual basis, understanding the FICO score and how to build credit is important to creditworthiness (Admin, 2009). The credit report should contain a good credit mix with a variety of accounts. Closing accounts can negatively affect the rating in the long run. A continual monitoring and maintenance is also an important to building creditworthiness.