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Health Care Finance And Cost Containment Example

Essays on Health Care Finance And Cost Containment Coursework Health Care Finance and Cost Containment Determine how financial ratios determine financial health of an organization. One of thehighest costs that health care facilities incur is acquisition of high tech equipment. Therefore, asset management ratios can be beneficial in helping the managers assess how much they accrue from their acquired asset. Secondly, the other important ratio in health care is cash flow indicators. This can be helpful in helping the managers identify how much cash is being collected over a certain period as compared to the uncollected profits. The third is important ratio is the profitability ratio, which gives the managers an overview of the general health of the organization (Rapoport, 2008). The higher the gross margin of the organization, the more it can make profits as compared to the costs it incurs. Lastly, there are the debt ratios. Most banks use this ratio in order to analyse whether a company will be capable of paying pay its loans in the future. If t he debt ratio is low, the health care facility is more likely to be able to get low interest rates on long-term financing. 2. Strategies for inventory control and cost reduction in healthcareSome of the strategies that health care facilities can use for inventory control and cost reduction in healthcare include benchmarking, invest in inventory control staff, establish a vendor scorecard, invest in systems and ensuring that the day’s work is cleared in the same day. Benchmarking will help in understanding what other competing health care facilities are doing and whether it is working or not. The inventory control staff will help ensure that that the health care does not suffer any loss that may be because of oversight and incompetence (Rapoport, 2008). The vendor scorecard will help in evaluating the supplies and ascertaining whether there is a need to change them or not. Lastly, ensuring that all data within the organization is done away with and compiled on a daily basis re duces the bulk. The benefits that accrue to the health care facility are that it ensures that all vendors abide by their contracts and that the investments are protected and effectively managed. ReferenceRapoport, J., Jacobs, P., Jonsson, E. (2008). Cost Containment and Efficiency in National Health Systems: A Global Comparison. Weinheim: Wiley-VCH.

The Idiot Box free essay sample

â€Å"Thinking Outside the Idiot Box† by Dana Stevens is a direct response to Steven Johnson’s article â€Å"Watching TV Makes You Smarter. † Johnson’s article claimed that today’s television is actually making viewers smarter due to plots being more complex. Dana Stevens on the other hand did not agree on this theory. She believes that television is neither a poison nor a salutary tonic. Will watching more TV make you smarter? Most likely no, today’s television programs aren’t interested in making their audience smarter; they’re interested on attracting the most viewers they possibly can. The statement by Johnson is claiming that watching TV makes you smart is so vague. It’s really tough to follow his article because he does not specifically indicate what is being improved. Is our intelligence for the outside world actually improving or is just our intelligence over that shows trivia improving? Dana Stevens agrees it is a tough subject to follow by making her point â€Å"then I guess I need to watch a lot more of it, because try as I might, I could make no sense of Johnson’s piece† (295). We will write a custom essay sample on The Idiot Box or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Stevens argues that in Steven Johnson’s piece he does note how the complexity of the plots has viewers paying more attention resulting in the viewer having to think more, but never defines what intelligence is being improved. All of the television viewers know that today’s shows in fact do make them think, but are they really thinking about how that episode benefited them intellectually or are they thinking about next week’s new episode? Mrs. Stevens states â€Å"Johnson’s claim for television as a tool for brain enhancement seems deeply hilariously bogus† (297). Dana Stevens is simply stating that television is no teacher and shouldn’t be relied on to enhance the human brain. As a child I used to think that watching television did make me dumber, only because my mother would warn me all the time about watching too much TV shows like WWE. Eventually as I got older, I realized that this statement wasn’t true. TV making viewers dumber is only true when they lose control over knowing what is reality or fiction. For instance, when viewers intimidate professional wrestling with backyard wrestling major injuries can incur or even death. Americans have always believed that watching too much TV will rot the mind. Generally speaking this is a statement most American households believe. Is too much TV a good thing or a bad thing? Dana Stevens believes it couldn’t hurt turning it down a notch when she said, â€Å"There couldn’t be a better time to test Steven Johnson’s theory than National TV Turnoff Week just turn the set off till Sunday and see if you get any dumber† (298). My own view is why not go and test it out! The worst that can happen is that you’re a week behind of your favorite show. Today’s big TV companies aren’t stressing over if their shows make viewer smarter but really over how they can improve their ratings. I agree one hundred percent with Dana Stevens that Johnson’s theories just do not add up. In her article Dana notes that TV isn’t bad with the right amount of dosage. She couldn’t have said it any way better. I believe that saying can go with everything; correct moderation is the key of not overdoing it or underdoing it.