Financial Characteristics Of Health Care Delivery

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Financial Characteristics of Health Care Delivery

Financial Characteristics of Health Care Delivery


Hospitals as a very special service industry, and also has a social nature and the market economy. Social obligations and responsibilities of the hospitals must seriously consider the sustainability of their own. The hospital financial management becomes increasingly important. The hospitals financial management is the central link of the modern hospital management, but also the basic premise of the hospital management activities. Under the conditions of market economy, the quality of hospital financial management is directly related to the hospital healthy development, the ability to adapt to the needs of the market and modernization (Zelman, McCue, Glick, 2009).

Effective financial management in public and private entities of the health system requires the management of lifelong learning and continuous tracking of changes in the process. Financial characteristics of healthcare delivery are of very high significance in healthcare organization as the delivery of healthcare services does not have any margin of being late and error. Financial management, such as costs, investment decisions, and inventory management and human resource management is very important in delivering healthcare services. Strategic change in the departure from the budget system of financing health care units, there is a use of different variants of contracting services: for individual health insurance, followed by the liquidation of independent contributors and the creation of a central National Health Fund - meant that the health sector is generally considered too difficult to predict, volatile and characterized by a high level of investment risk (Nowicki, 2004).

For financial management in the health units the real challenge is to understand the philosophy of new tools and adapt the organization of work in the system to the changed conditions. Computerization is another area in which effective management brings tangible financial benefits (Suver, Neumann, 1985). Audits and inspections are not only areas of risk management, but also tools that provide information that may have a significant impact on improving the quality of management in the health units.

Hospital Financial Management Strategy

Modern hospital on the basis of good public service work, but also to face competition brought about by the market mechanism, which objectively requires the hospital to have a higher level of management, and enhance the level of hospital financial management in a direct and effective way. From the current hospital financial practice, in the modern hospital financial management there are some problems. And to solve these problems and to improve the healthcare delivery of a hospital there should be proper management of human resource and the finance (Zelman, McCue, Glick, 2009).

The Meaning and Purpose of the Modern Hospital Financial Management

Under market economic system, to improve the financial management of the hospital level, the experience of the modern hospital has practical significance. Mainly include the following aspects: first, financial management and other management as an important part of the hospital management system; second high-efficiency, high-level financial management is the premise and basis of hospital efficiency; third, to improve the level of ...
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