Medical Debt Reflection

Decent Essays
As medical debt rises and the demand for healthcare reform increases, it has become imperative now more than ever to learn about the factors that affect the healthcare industry. The application of business to the healthcare industry enables healthcare professionals to carry a broader viewpoint on the mechanics and functioning of the healthcare industry. Rather than just using my core science classes and internships to develop my point of view and learn about the healthcare industry, through the certificate program, I aim to broaden my scope of study and learn about the systems that affect the structure and functions of healthcare. Interning at private and public practices, learning about insurance billing systems, I saw how the U.S healthcare

Related Documents

  • Superior Essays

    What California Sutter Health Did To Fix Billing Issues In the health care field, there is an increasing issue with its inability to collect debt from the millions of underinsured or uninsured patients. Many health care organizations struggle to meet operational margins because the health care industry never treated their patients like customers. Many hospitals acquire billions of dollars in bad debts alone annually because there is an issue of patients that are truly uninsured and they can only collect a small percentage of the balance after the patients have been treated. There are many reasons as to why this happens and some of the reasons are from not gathering information from patients due to the lack of training of staff members or poor accounting practices.…

    • 1407 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    Health Care Marketing Plan

    • 1071 Words
    • 4 Pages

    Marketing Plan Today’s health care market place presents many challenges. Therefore, having a marketing plan is an essential element in any businesses long-term success. The marketing plan helps to shape the needs and objectives of the company while establishing a brand. The marketing plan should be a well-written statement of goals and strategies that outline the organizations focus (Kash & Deshmukh, 2013).…

    • 1071 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    With the national debt projected to grow to average of nearly 100 percent of the GDP by the end of the decade, President Obama needed to find a way to combat this as most economist would find this number very problematic. This current fiscal path would not be sustainable and will drive up interest rates for all borrowers making it more expensive for business owners to raise capital and create jobs. The higher debt will cause the government to spend more money on interest payments making less available for other priorities. If the worst were to happen, investors could lose confidence in our nations ability or willingness to repay its loans which in turn could possible trigger a debt crisis.…

    • 1289 Words
    • 6 Pages
    Superior Essays
  • Decent Essays

    The health care industry has been an extraordinary fast growing over the last several decades. There have been multiple changes that affect every aspect and the most recent one; since Obama was elected president and introduced and signed the health care reform act into law. One of the goals in passing…

    • 312 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    Early on in my life, I became interested in healthcare due to my father being a September 11 first responder. The health effects my father endured after 9/11 not only affected him but our family as well. Thus, instilling in me a curiosity of healthcare, its complexity and importance to society. Being a double major in History and Political Science during my undergraduate career, I learned about the plethora of challenges facing healthcare in the United States, especially the effects of the Patient Protection and Affordable Care Act. One of the complex issues that derived from the Affordable Care Act is the employer mandate, which forces employers to cover over all employees who put in at least 30 hours a week.…

    • 285 Words
    • 2 Pages
    Improved Essays
  • Great Essays

    Rough Draft What is Healthcare Accounting? Vanessa Shea Introduction Coming closer to the end of an Accounting degree begins to start the variety of questions such as, “What type of accounting are you interested in?” or, “What do you want to do with you degree?” Most people by this time have a pretty good idea of the type of career they plan to pursue. After a recent interview I became very interested in healthcare accounting and what in fact it entailed.…

    • 3092 Words
    • 13 Pages
    Great Essays
  • Improved Essays

    In the Healthcare industry, there are stakeholders (customers, team members (employees), investors, vendors, communities, and the environment) that play a very important role in how successful industry is. These stakeholders help bring in revenue to the hospitals, clinic, pharmacies, and other ancillary departments. The most important stakeholder in the healthcare industry is the patients (customers). If the patients are not satisfied with the healthcare service provided, it will give the hospital/clinic a bad reputation. If the patient constantly had to battle with the billing department of the hospital, it will also give the hospital a bad reputation.…

    • 193 Words
    • 1 Pages
    Improved Essays
  • Improved Essays

    There are several business principles related to patient and system costs in health care that are needed to maintain safe, quality, patient-centered care that is fiscally sound. For this discussion, I will put myself in the shoes of a nurse manager, director of nursing, Chief Nursing Officer, or business owner and consider three of the principles from the Greg Fisher Power Point (2008). The principles I will examine are: 1) decide what makes you different; 2) manage employees; and 3) set goals. The reason why I selected these three business principles is that they appear to me to be a good place to start the groundwork for any business model, including the field of health care.…

    • 893 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    INTRODUCTION: The health care industry has many components to its body. And because of this ever growing industry there are many chances and avenues to a person to commit fraud if that is their desire. There are many reasons that people commit crimes of this nature greed, fear, and/or misappropriation of funds just to name a few. When white-collar crimes are committed often times their victims are not aware themselves of being a victim of a crime.…

    • 568 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Home Compliance Report

    • 686 Words
    • 3 Pages

    The health care industry is a highly competitive environment, therefore, my role as a leader is to reiterate organizational expectations, norms, and performance standards. While leaders take the risk of devising new solutions to inefficiencies in supply…

    • 686 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Debt Reflection

    • 489 Words
    • 2 Pages

    In writing a book on debt, I should begin by acknowledging my own indebtedness to many who have taught and inspired me while I have been working on this project. My colleagues and students at North Park University should be recognized first. I have had many conversations about the main ideas of this book in my ethics classes, and they have strengthened and sharpened my arguments. I also would like to recognize my debt of thankfulness to North Park Library and its wonderful staffs. I have requested a countless number of ILL (interlibrary loan), and they supported my research in a best way.…

    • 489 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    The reality of the health care industry is that it works and operates as a business. With a strategic marketing strategy coupled with high patient care satisfaction, these businesses will prosper if certain internal are met. Operating a large entity such as a health care organization also demands innovative and up to date care, recruiting and retaining high quality staff and Chief Executive Officer (CEO) who has a vision for success. In the following discussion, three business principles will be addressed that are essential to maintaining safety and patient-centered care that makes a health care institution financially stable and how these concepts apply to my current facility.…

    • 783 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The US health care system has a long history of success, but yet has been defeated on several occasions. On multiple occasions the US has tried to succeed with great efforts to establish a good baseline at their success for the financial aspects of the health care industry. With many laws and regulations that have passed over the decades the US still comes up short and has many disaffects towards, the funding of the health care industry. There is an incredible amount of financial costs for both insurance based public and private within the administrative portion. Financial management is an extremely important aspect that is impacting health care the health care industry.…

    • 1019 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Health care today is different than it was years ago. Health care makes new changes every single day. There are shifts taking place between providers and consumers, challenges that happen daily, and how health care is handling these challenges. Over the years, health care will continue to grow and change. Planning and following strategies will help the hospitals to be more successful for years and years to come.…

    • 755 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    One of the highest leading causes of disability and mortality in the unindustrialized nations can be averted, tackled or at least reduced with effective essential medicines. Despite the fact that hundred millions of individuals do not have regular access to vital medicines. Many of those who have no access to the medicines are given illegal treatment, receive little or no medicine for their illness or in some cases do not use the medicines correctly. The WHO estimates that a third of the populace in upward countries does not have access to vital medicines.…

    • 1118 Words
    • 5 Pages
    Improved Essays