Essay On Cash Flow In Health Care
The beginning of the 21st century has provided challenges for the American public since the time of our ancestors that lived through the Great Depression. Regardless of the industry, currency is in short supply. Capital, worth, and the company’s value, is the challenge. Cash flow is extremely important for administrators at this perplexing time in history; alterations to this cash flow issue require a inflexible level of explanation, especially as the cash amount of the adaptation increases. This brutal state of mind is in conflict with the understanding that coincides with decisions made in the current health care industry. Emotions run rapid in all areas of healthcare when quality-of-care decisions are made regarding the welfare of patients. When do healthcare organizations need to give in and spend their coveted money?
It’s the stance is pretty simple any capital acquisition, or capital expenditure, needs to have a reasonable and lucrative Return on Investment for investors to deem it a valuable disbursement of cash for a corporation. This type of thought process is not explicit to the healthcare industry; however, it is intensely necessary in keeping a healthcare organization aggressive in such a many-sided field. The multifaceted environment of the healthcare industry is distinctive, and provides a difficult atmosphere to conduct …show more content…
Imaging has changed the way we diagnosis, laboratory testing has morphed into a procedure with lightning speed results, managed care companies have smart-phone applications, and consumers are using technology to educate themselves about their illnesses. I have to pose the following question: if Health Information Technology can advance this evolution of technology through Electronic Medical Records (EMR) why does every Healthcare Organization (HCO) not utilize them? The answer is simple: the technology is expensive and requires rationalization for
It’s the stance is pretty simple any capital acquisition, or capital expenditure, needs to have a reasonable and lucrative Return on Investment for investors to deem it a valuable disbursement of cash for a corporation. This type of thought process is not explicit to the healthcare industry; however, it is intensely necessary in keeping a healthcare organization aggressive in such a many-sided field. The multifaceted environment of the healthcare industry is distinctive, and provides a difficult atmosphere to conduct …show more content…
Imaging has changed the way we diagnosis, laboratory testing has morphed into a procedure with lightning speed results, managed care companies have smart-phone applications, and consumers are using technology to educate themselves about their illnesses. I have to pose the following question: if Health Information Technology can advance this evolution of technology through Electronic Medical Records (EMR) why does every Healthcare Organization (HCO) not utilize them? The answer is simple: the technology is expensive and requires rationalization for