Question

This is for my Administrative Medical Office Skills class.

Opening and closing the office involves a set of procedures that are crucial to the management of the office including financial tasks such as balancing the cash drawer, tidying the reception areas, preparing for the day, starting up the computers and equipment, and at the close of the day, repeating some of these same tasks and securing the premises at the close of business. Of these duties, please describe daily financial management of the ambulatory medical office outlining the tasks completed at the opening and at the closing the office.

Answer 1

The business of health care

Health care management, that deals directly with the financial and business side of health care,has become a critical component in overseeing the personal, facility operations finances and information technology of a health care organization .developing the efficiency and quality of patient care while reducing costs has become a mantra in the latest health care industry that has been arrange by a number of financial situations.the financial management including facing routine financial operations in order to reduce avoidable,ineffective,and duplicate services that increase costs and do not improve patient care. Clinically effective care can be achieved by analazing costs and benefits of medical procedures and technologies. Health care providers such as the large physician practices and hospitals, may decided to offer expanded tests or treatments by buying new medical equipment. Making the decision and finding the best way to pay for it require shrewd financial management. Health care financial management is involved a challenging because even though it's role will always remain improving patients lives, health care providers are being forced to deal with a litany of new financial challenges and paradigms that go hand in hand with patient out comes. As such providers must remain diligent about maintaining a healthy balance between costs and the provision of quality care. The primary objectives of financial management are attempting to reduce the cost of finance, ensuring sufficient availability of funds. Also dealing with the planning, organizing, and controlling of financial activity like the procurement and utilization of funds.

Controlling these costs is imperative to promoting good health outcomes in an environment where there is increased pressure to do so. Maximizing limited health resources ensures the high quality and efficiency in the delivery of services, but in order to accomplish this, health care organizations must under the benefits and effectiveness of clinical procedures recognize the major drivers of costs and identify potential solutions for achieving financial savings.