First, feeding information concerning patients amongst others into health information systems is very tedious. Medical practitioners have little or no patience with such systems that tend to hinder the progress of their work. Second, retrieving of information about patient care is difficult and complex. There is excessive information to go through before reaching the required information. Medical practitioners have to search in different files and screens to find information they require such as laboratory data, x-ray results, medication list and so forth. Furthermore, privacy is a major concern especially if hospitalization has to do with a celebrity or prominent individual. Several incidences of unauthorized and inappropriate access has been witnessed. Lastly, reliability of this technology advancement in patient care has been a big challenge. This is attributed to lack of support systems, software and hardware that would ensure reliability.
What change is managed care going through?
First, managed care is providing products that are less restrictive. Managed care is taking the initiative to provide new products to consumers that give them more choice, few restrictions and greater flexibility. In addition, it is revamping the existing products to meet customer’s desires. Next, managed care is seeking to the damaged relationship with its providers. This would be crucial to resolve the conflicts and resistance existing between the two groups. Further, managed care is shifting to safeguard its profitability. It is achieving this through increasing its large premiums and consumer cost sharing. On the other hand, it is reducing premium caps and rate guarantee, maintaining few unprofitable business lines and retreating from expanding their market.
Explain why financial management is a decision science.
What is wrong with hospitals integrating to gain strength?
Decision making: The major concern about hospital integration is failure of achievement the set objectives. This is attributed to the fact that expectations and perspectives of the hospital may not align with those of the physicians. Thereby, conflicts may arise hindering decision making and effective running of the hospital. In addition to this, they will be a slow pace first in the integration process and running of the process. Secondly, integration of hospital requires high costs by increasing marker leverage of the payers. The process of integration involves practice acquisition, administration, infrastructure development, information technology and practice support. The total cost of this process is high and only few hospitals can manage.
Furthermore, integration of hospital limits the laws and regulations governing the institution. Integration of hospital tends to limit the laws and regulations binding the two sides together. This is beneficial in building a new structured relation but it is short lived.