RELIABLE PAPERS- Milestone 3 of Healthcare Finance

HCM 400 Milestone One

Diana Berrios

PART A

A health care delivery system is a mechanism meant to improve the health related needs of individuals. In the U.S, this involves meeting dramatic changes and improvement. The providers seek to for the cost-effective ways to offer their services to consumers. However, there are major factors that affect their delivery of healthcare. These are as follows;

• Good communication: Proper communication affects the delivery of healthcare system since communication brings understanding between the patients and healthcare provider. If good communication is not implemented the relation between the two parties may not be good and thus inefficient.

• Proper decision making: The decision making is critical for healthcare delivery system. The decision should be taken collectively for all patients to be served equally. Otherwise, it would have the advanced effect to the healthcare industry.

• Proper planning: Planning provides how, when, what, where to ensure delivery of healthcare in advance so as there is effective implementation of ideas. Otherwise, the healthcare system will not run effectively.

• Increasing population: Population growth impacts the healthcare system delivery because the services required to cater for the patients in demand will increase. The healthcare system may face inadequate facilities for delivery their services due to the growing number of patients (Palley, H. A.2016).

• Management of resources: The resources within the health care system are supposed to be divided in an efficient manner; otherwise, it might impact the profitability.

• Ethical issues: most of the organizations are affected by ethical problems such as noncompliance with the rules and norms as well as government regulations in delivering their healthcare services.

• Operating finance: This is a problem affecting healthcare delivery system. Sometimes, there are no funds to finance some of the basic assets required to provide efficient service to the patients. However, this can be reduced by making use of operation leasing. Operation lease is any kind of lease that is not capital lease. The lease does not transfer all the benefits and risks that are related to the ownership property to the lease. In most cases, the operation lease is normally used in short term equipment lease. The healthcare organizations should consider the following types of leases for ensure their operations are fully financed;

• Stretch lease: this is appropriate for organizations with low revenue. The lease allows them to pay low monthly payment and tax benefit available.

• Skip payment lease: this allows the organizations to avoid payment during low season of the year.

• Master lease: This allows the organizations to cater for the future assets or any emerging asset required without negotiations of new contract.

PART B

The healthcare service and delivery opportunities and challenges that exist because of the above forces are as follows;

Challenges posed by healthcare service:

• Change in demographics: The change in diagnostic techniques and treatment will impact the increasing demand on the healthcare delivery organization.

• The rising costs: The cost of healthcare is increasing faster than the GDP. Therefore, the growth rate is hindered.

• Resources gap: There are many gaps where resources are insufficient. It would be necessary when these gaps are filled with the resources required.

Delivery opportunities are as follows;

• It will provide huge employment opportunities especially to healthcare professionals

• It will promote mediclaim facility which will help to deal with medical emergencies by allowing patients to pay their healthcare upfront.

• Proper healthcare service will be provided to patients from diverse geographical locations.

• Supportive working environment will be enhanced once the healthcare system successfully recruits qualified professions who will help each other in delivering healthcare.

The challenges and opportunities that exist for today's healthcare leaders are as follows;

• Managing cost efficiently (Bronson, D., & Ellison, E. 2015).

• Supporting patients

• Improving productivity and workflow

• Providing value-based care

Reference

Palley, H. A. (2016). International Comparisons of Some Healthcare Delivery Impacts on Vulnerable Populations. Global Social Welfare,3(3), 147-149. doi:10.1007/s40609-016-0076-y

Bronson, D., & Ellison, E. (2015). Crafting successful training programs for physician leaders. Healthcare. doi:10.1016/j.hjdsi.2015.08.010