Healthcare

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Healthcare

In overview, the healthcare environment possesses several career opportunities for people allied to the profession. As the provision of healthcare services progresses into uncharted territories, careers were once seen as separate from the respective field are currently an integral part of this respective environment. Personally, two areas appeal considerably to me when it comes to the healthcare environment. These areas are mainly concentrated to the operation of respective care providers. Their aim is to guarantee the provision of the best possible services to clients. Specifically, these involve healthcare administration and healthcare financial management.

Healthcare Administration

            Healthcare administration mainly constitutes the business side involved with the provision of healthcare services (DeVry University 1). Accordingly, the main objectives or aims of the respective structure involve the maintenance or enhancement of the general quality of life, wellness, and dignity of each person seeking healthcare services. This further involves the development of a fairer, available, efficient, and effective healthcare framework. The field of healthcare administration involves the coordination and organization of the funding as well as the supply of healthcare (DeVry University 1). Furthermore, healthcare administration is associated with the effective management of facilities related to the provision of healthcare. Healthcare administrators possess a duty towards acting in a range of approaches that will value the virtuous aspects of confidence, trust, and respect of professionals within the healthcare setting as well as the common public. With ethics in question, the duty of healthcare administrators lies squarely on the measure they use in order to make right decisions that ensure gratification for the client and the organization without violating any morals or institution-based policies and rules. In this respect, healthcare administrators have to assess the potential results carefully concerning the decisions they make.

Healthcare Financial Management

Even though healthcare financial management may comprise part of healthcare administration, it still offers a different career opportunity when compared to the former. Healthcare financial management is mainly concerned with the financial dimension of the healthcare institution. The management of finances is imperative to any organization. Additionally, healthcare providers are not excluded from this fact. Such organizations need financial management in order to allocate the right amount of finances to different care services. Additionally, every decision made within a healthcare provider poses a financial implication. In this respect, healthcare financial management allows the respective personnel to apply financial implications within decisions that are executed within their respective areas (Gapenski 7). For instance, the implementation of welfare schemes such as Medicare illustrate the significance of financial management in the healthcare fields. Because of the funding scheme, care providers are required to create and provide a series of financial reports that comply with regulations and allow for the maximization of Medicare revenues. Hence, in order to reveal maximum value for an organization, healthcare financial management facilitates and coordinates different areas such as managed care, payer contract compromises, participation within the integrated delivery system, and schemes such as Medicare and Medicaid.

In conclusion, healthcare administration and healthcare financial management are significant areas for career opportunities. For healthcare administration, the objective involves assurance of quality of life for the client seeking care services. In addition to this, healthcare administration ensures that the services offered to the client are the best based on the effectiveness involved in catering to their respective needs. Consequently, healthcare financial management facilitates the proper oversight of financial decisions related to the supply of services by healthcare providers. With every decision posing a financial implication, it is the sole duty of healthcare financial management to ensure that every cost is accounted for in the right way.

Works Cited

DeVry University. Specialization: Healthcare Management. n. d. Web. 8 Sep. 2015. <http://www.devry.edu/d/healthcare-administration-healthcare-management-guide.pdf/>

Gapenski, Louis C. Understanding Healthcare Financial Management. Washington, D.C: AUPHA, 2003. Print.