Higbea, R., & Cline, G. (2021). Government and policy for U.S. health leaders (2nd ed.). Burlington, MA: Jones and Bartlett Learning. ISBN-13: 9781284207767 (Available as a custom eBook – includes only Chapter 6)
Dewar, D. M. (2017). Essentials of health economics (2nd ed.). Burlington, MA: Jones and Bartlett Learning. ISBN-13: 9781284054620
Requirements: 200 words
Answer preview
A health care organization functions by capturing, collecting revenue from service providers, and managing those finances. The whole process of handling patients from enrolment to discharge involves multiple but integrated steps, and any problem that occurs within that cycle can be very critical to the organization (Dewar, 2017). Boosting clinical outcomes and lowering organizational expenses within health care but still improving the quality of care can help keep financial viability. However, to manage it, healthcare CEOs need to keep in check the reimbursement timeline, control the increased cost of supplies, manage the operational costs, and keep unpaid bills low and shift the infrastructure to value-based care delivery.
