ipl-logo

Bay County Community Hospital Essay

924 Words4 Pages

Bay County Community Hospital is a nonprofit facility that delivers health care to $250,000 inhabitants. The goal of the facility is to increase the access and quality of care that they provide to the citizens of the community. Advance practice nurses possess the knowledge and ability to implement mental and physical skills during daily routines to heighten the awareness and stability of the health organizations financial status. In this report, I will discuss the different types of financial statement that are crucial to health care organization, the roles that advanced practice nurses play with developing and maintaining these statements, and the financial situation of Bay County Community Hospital.
Implementation of Economics Health care is a continually evolving field. It is crucial for medical field to advance along with society in order to meet the health needs of the public. Economics is the analysis of how limited assets can be distributed amongst their potential consumers. The health care field operates on financial determinates with health care organizations and other businesses within society. The expensive costs of modern medications, improved treatment regimens, and advances in technology can place …show more content…

The operating statement relates the dues that the company receives for treatments to patients (revenues), to the expenditures for delivering the services. The advanced practice nurse should be proficient in developing and maintaining an operating statement for several reasons. It is vital for success that health care organizations obtain advances technology as it is available. The profits made through patient care can be invested towards the purchase of advanced technological equipment. The revenues can also fund expansion and repair projects to increase the amount and quality of patient

Show More
Related

Mount Pleasant State Hospital Essay

339 Words | 2 Pages

The Mt. Pleasant State Hospital, located in Mt. Pleasant, Iowa. The hospital was opened on February 26, 1861 under its original name of Iowa Lunatic Asylum. It was constructed between the years of 1855 and 1865. The asylum when it opened, became the first asylum that was public in Iowa. Mt. Pleasant also housed alcoholics and drug addicts.

Read More

Hcs/531 Week 4 Health Care Paper

1417 Words | 6 Pages

Increasing costs all around the globe due to economic downfalls is making this issue even more challenging. It is vital that we have some focus on revenue, but we can’t lose focus on the costs of running a business. In health care this can be very challenging because of all the changes involved with the government, in laws regarding health care reform. “Understanding the total costs of services will allow the redeployment of resources which provide a higher payback, or will facilitate the elimination of those resources altogether.” (Hughes, 2011).

Read More

Harlema Health Care Case Study

1441 Words | 6 Pages

Competition should lead to lower costs and better quality of services, but, unfortunately, the US spends more money per capita than any other advanced country and has poor outcomes for many health indicators. Further, the US has poorer outcomes for many health indicators than other countries. In the United States in 2012, the cost of healthcare per person averaged about $9000 per year. In 2012, data from CMS stated that the total spending on healthcare in 2012 was $2.8 trillion (1). Despite competition in the health care field, two of the very prominent reasons for high costs are high administrative costs, the use of costly new technologies and drugs, and unhealthy behavior on (some, not all) of the patients’ behalves.

Read More

Pros And Cons Of Obama Care Iron Triangle

1205 Words | 5 Pages

[Cost] Cost could potentially be the biggest factor of the iron triangle and perhaps the side of the model that leaves administrators most puzzled. With new technology being released quarterly, drug prices soaring, a new aging population that can't be supported by the current workforce, Medicare cutting reimbursement payments and leaning towards insolvency, and the price per service continues to rise it seems as if cutting costs down may seem impossible. Not only have hospitals and clinics began looking for more cost-efficient ways to provide care or, unfortunately which programs to cut, the political arena has been evaluating this as well. Since Obamacare has not lived up to its true potential and glory an alternative method must be identified before the nation's model of healthcare implodes from high costs.

Read More

Primary Care Case Study

362 Words | 2 Pages

Decision makers will need to determine how to best utilize nurses, technicians, and other professionals to close the gap in providing services to patients. Nurses require less time to train, are less expensive to train, cost less to employ, and can increase the efficiency and productivity of physicians who provide care to patients. The increase in the use of health care services as well as the increase in the number of venues where health care is provided has also increased the job opportunities for nurses and other members of the healthcare workforce. The demand for primary care services has stimulated the training of nurse practitioners, physician assistants, and certified nurse

Read More

Naked Economics Chapter 1 Study Guide

1208 Words | 5 Pages

Contribution of economics: 1. Quantifying over time the resources used in health care services delivery. 2. Asses efficiency with which resources are allocated and used for health care purposes. 3.

Read More

Johns Hopkins Hospital Essay

214 Words | 1 Pages

The history of one of today’s greatest non-profit organizations, Johns Hopkins Hospital, starts first with one humble entrepreneur who dreamed of a better life for people all across the globe. According to an article written by Johns Hopkins Hospital, Johns Hopkins intentions for his hospital were as follows; “…to create a university that was dedicated to advanced learning and scientific research, and to establish a hospital that would administer the finest patient care…to care for the indigent sick of this city and its environs, with regard to sex, age, or color, who may require surgical or medical treatment, and who can be received into the hospital without peril to the other inmates, and the poor of this city and state, of all races, who

Read More

Discuss The Four Spheres Of Political Action In Nursing

487 Words | 2 Pages

The Affordable Care Act has shifted focus on health and wellness of patient populations urging hospitals to do a community needs assessment and come up with a strategy to address these needs. Hospitals most often partner with community and professional organizations to address the health need (Stempniak, 2014). This is an example of how the four spheres are all interrelated. Nurses are at the heart of this movement, providing the necessary skills, experience and expertise to address the needs of the population being served (Shamian,

Read More

Health Care Mission Statement Analysis

1798 Words | 8 Pages

I am currently employed as an interventional radiology nurse in Avon hospital, which is part of the Cleveland Clinic (CC) health system. For the purpose of this paper, I will be using the mission statement, values, and vision of CC. I will also be explaining the nursing departmental structure, pros and cons of the organizational model, and nursing strategies to strengthen the mission and vision of this organization. Organizational Mission, Vision, Values, and Goals The CC health system expands globally with the main campus

Read More

Team Nursing Model Essay

432 Words | 2 Pages

Health practitioners possess distinctive scope of practice standards based upon distinctive skills, education and qualification levels. RNs are accountable to assess patients’ health problems and needs, develop and implement nursing care plans, maintain medical records and supervise ENs and AINs practice. Excepting the ENs’ abilities to assist intervene and evaluate patients health and functional status and administer prescribed medicines or maintain intravenous fluid, ENs and AINs are both have responsibilities to observe patients health status and report changes to the RNs, maintain ongoing communication with RNs regarding the patients’ health and functional status, assist patients with ADL and emotional support, and understand health information technology. Successive healthcare treatment is always associated with collaborated teamwork.

Read More

What Are The Three Primary Economic Challenges In Healthcare

999 Words | 4 Pages

The healthcare system faces numerous economic challenges that significantly affect resource allocation, disease prevention, and health promotion. David Parkin (2017) identifies three primary economic challenges: rising healthcare costs, limited resources, and increasing demand for healthcare services. These challenges necessitate strategic approaches to resource allocation, which directly impact the effectiveness and equity of disease prevention and health promotion programs. This essay explores these economic challenges, the approaches used for resource allocation, and the consequences of these decisions on health outcomes, efficiency, and equity. Economic Challenges to the Healthcare System Rising Health Care Costs: Health care costs have

Read More

Argumentative Essay On Obamacare

863 Words | 4 Pages

The Affordable Care Act, also known as Obamacare, is one of the greatest debates in Washington and around the country since the bill was passed by the Obama Administration on March 23, 2010. Many people had and still have questions about the law. One of the common questions is: ‘Will it drive prices of goods and services in hospitals up or will it lower the costs of the services sold’? The answer to this question will be answered as we look at the economic status of this bill.

Read More

Jean Watson Theory

1792 Words | 8 Pages

Nurses play an essential role in the healthcare industry. The nurse workforce is made up of licensed nurses: registered nurses (RNs), licensed vocational nurses (LVNs) and licensed practical nurses (LPNs), along with nurse aides. Registered nurses are responsible for assessments of patients’ needs, development of care plans, medication administration, and treatments, while licensed vocational nurses perform specific care under the delegation of the registered nurses and supervisions. Nursing aides perform activities of daily living (unskilled attention) to the patient. Adequate nursing staffing is essential to both patient care and outcomes, also to the retention of nurses while inadequate staffing creates problems for both the patients and

Read More

Essay On Health Care Cost

1533 Words | 7 Pages

Health care cost has seen to increase gradually as years go by. This has been influenced by major factors such as political influence, emerging chronic diseases, new procedures that are coming up including the technologies being invented for treating illnesses, pricing of medicines and treatment is not regulated and when treating ailment their may arise repetition of tests or a patient gets over treated for a particular ailment. The cost of healthcare has increased due to chronic diseases such as cancer and diabetes etc. The lifestyle people are living in this generation has led to the development of diseases that are expensive to treat or has led to there being over treatment in such for a cure of a particular ailment.

Read More

Essay On Government Intervention In Health Care

1545 Words | 7 Pages

One of the dominant factors that could motivate intervention in healthcare by the government is equity factor. This factor is being boosted through the implementation of user fee system. The user fee system tends to promote equity through price discrimination, that is, charge the poor less than the rich for a given health service or product. Obviously, price discrimination contributes to the market failure had been seen as an economic rationale to encourage

Read More

More about Bay County Community Hospital Essay

Related Topics

Open Document