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 true statement based on the fact that is one has a dollar now, he can invest it and earn more value in the future. There is also the idea of interest on the dollar where the future value of money is considered to be the value at a specific date in the future based on the present value and on the interest rates (Meyers D., 2015).
References
Accounting for Management, (2017). Simple and Compound Interest. Retrieved February 17, 2018 from https://www.accountingformanagement.org/simple-and-compound-interest/
Meyers D., (2015). Time Value Of Money: Determining Your Future Worth. Retrieved February 17, 2018 from https://www.investopedia.com/articles/fundamental-analysis/09/net-present-value.asp
Smirnov Y., (2018). Future Value of Money. Retrieved February 17, 2018 from http://financialmanagementpro.com/future-value-of-money/