The Health care administration

Information Technology Health Care Administration Within the Community hospital that I work in, there is the Chief Information Officer (CIO) and he is regarded as a departmental head like the other heads responsible for accounts and procurement, stores and other departments. This position is a high ranking position in the organization since he is in charge of employees within the data department and also responsible for data collection, cleaning, presentation and interpretation if need be.

Within the data department, there are related positions such as chief medical information officer, data officers and external data officer. These functions interact at various levels in the daily running of the data department within the hospital. The CIO is usually responsible for coordinating the data flow between the hospital and other organizations as well as the government agencies, he is also responsible for ensuring quality and clean data is generated on regular basis as is required.

The medical information officer on the other hand ensures that information and data from within the organization is carefully collected right from the point of reception of patients to all the departments that will handle the patient. The medical information officer works in collaboration with the CIO to ensure the data collected is accurate and clean for meaningful interpretation where need be. The data officers are located in every department to ensure all the captured data by the nurses and the other nursing staff is well documented in data form.

It is this data that will be passed to the medical information officer. Section II The simple interest is calculated on the original or the principal amount of loan. The simple interest is often charged on short term borrowings. On the other hand, the compound interest is calculated on the principal amount as well as the on the accumulated or accrued interest of the previous periods. The compound interest in this effect can be referred to as interest on interest (Accounting for Management, 2017).

Money has time value since it can be invested to make more money. This means a dollar received in the future had lesser value that a dollar received today. A dollar received today is more valuable than a dollar received in the future since it can be invested to receive more money. The future value of a dollar therefore is what that dollar will be worth if it earns interest for a specific time. Present value is the current value of money that will be received in the future.

Discounting is known to be one of the ways of knowing the present value of a payment from a known future payment or future value (Smirnov Y., 2018). A dollar today is worth more than a dollar tomorrow is a.