health & medical writing question and need an explanation and answer to help me learn.
Submit a draft proposal for Sections II and III. You will provide financial statement analyses, profitability ratios, and ratio analyses to support the capital budget proposal formulated in Milestone Three. You will also use financial calculations to support proposal recommendations and to explain the short- and long-term financial impact for the organization.
For additional details, please refer to the Milestone Four Guidelines and Rubric PDF document and the Final Project Guidelines and Rubric PDF document.
Requirements: 2+ pages
Healthcare Delivery
Courtney Roberts
Southern New Hampshire University
HCM-400
January 15, 2023
Healthcare Delivery
Section 1
Introduction
Healthcare is an industry that is constantly changing and evolving in response to the forces that are driving it. These forces include the growing needs of an aging population, the rising costs of providing care, the growing complexity of medical conditions, the growing number of people with chronic diseases, the changing payment models, and the use of new technologies. All of these things affect how healthcare is given and managed today. This gives healthcare leaders both challenges and opportunities. The number of seniors who need care is growing, and the number of people 85 and older who need care is growing the most. This is a big problem for healthcare today. This makes more people want to use services and pressures the healthcare system to provide the care they need. Also, the cost of care is rising because medical conditions are getting more complicated, and more people with chronic diseases are dying. This is placing a financial burden on healthcare organizations, as they must find ways to cover these rising costs without compromising the quality of care. The changing reimbursement models are also having an impact on healthcare delivery. As payment moves from fee-for-service to value-based care, healthcare organizations are getting more of an incentive to focus on high-quality care that is efficient and saves money. Also, the use of new technologies is changing how care is given. These technologies allow doctors and nurses to give more personalized care and track their patient’s progress better.
The forces discussed above result in challenges and opportunities for healthcare leaders. On the one hand, the increasing demand for services and the rising costs of providing care are resulting in a strain on healthcare organizations, as they must find ways to balance providing high-quality care with containing costs. Also, the move to value-based care is making it essential for healthcare organizations to focus on giving care that is efficient and saves money. On the other hand, using new technologies gives healthcare organizations a chance to give more personalized care and keep better track of and monitor patients’ progress. The opportunities and problems that healthcare leaders face today can be summed up as follows: Healthcare organizations must find ways to provide high-quality care while keeping costs down. They must prioritize cost-effective and efficient care and use new technologies to give more personalized care and keep better track of patient’s progress. Ultimately, healthcare organizations must try to give the best care possible while keeping up with the changing industry. The major forces that affect healthcare delivery today affect both the challenges and opportunities for healthcare leaders who want to provide high-quality, efficient and cost-effective care.
References
Reddy, S., Fox, J., & Purohit, M. P. (2019). Artificial intelligence-enabled healthcare delivery. Journal of the Royal Society of Medicine, 112(1), 22-28.
Gruber, J. (2022). Financing health care delivery. Annual Review of Financial Economics, 14, 209-229.
Clarke, J. L., Bourn, S., Skoufalos, A., Beck, E. H., & Castillo, D. J. (2017). An innovative approach to health care delivery for patients with chronic conditions. Population health management, 20(1), 23-30.
HCM-400 Healthcare Finance
Courtney Roberts
Southern New Hampshire University
January 21, 2023
HCM-400 Healthcare Finance
Understanding a given company’s financial performance and trends informs the core stakeholders about the best practices to follow to achieve sustainable operations. In this section, DaVita Incorporated is selected for further analysis. DaVita Inc. stands out as a healthcare company formerly referred to as DaVita HealthCare Partners Inc. The firm has specialized in providing dialysis services and interventions that benefit a wide range of consumers. In addition, the firm offers additional services like kidney disease management. The primary target market for the company are patients diagnosed with chronic kidney disease. Since its establishment in 1979, DaVita Inc. has expanded its operations to meet the increasing consumer demands (DaVita, 2023). The firm employs over 69000 people distributed across its operational environments and outlets.
Therefore, the firm is publicly traded and publishes its records according to the prevailing legal and regulatory requirements. This feature makes it easy for the audience to examine the firm’s financial statements. The publicly available information shows the firm’s financials which will provide the necessary foundation for understanding capital budgeting. On the same note, there is increasing information online about the firm and its operations to help complete the other assignments. For example, the firm has listed its financial statements across the various publicly available websites like its website according to the SEC regulations. However, determining the firm’s budgeting trends is one of the primary concerns that may affect the capacity to complete the proposed research. Regardless, the information will be examined from Form 10-K and the corporate financial statements to determine the best details to support the analysis (Sec.gov, 2023). The corporate financial records are accessed through the companys website and the SEC platform. These links are provided below. It is worth appreciating that the sites provide historical data that may influence strategic financial analysis.
Links:
https://www.sec.gov/Archives/edgar/data/927066/000119312505041002/d10k.htm
https://investors.davita.com/sec-filings?cat=1
References
DaVita. (2023). Financials. DaVita. Retrieved from https://investors.davita.com/sec-filings?cat=1
Sec.gov. (2023). 10-K 1 d10k.htm FORM 10K FOR DAVITA, INC. Sec.gov. Retrieved from https://www.sec.gov/Archives/edgar/data/927066/000119312505041002/d10k.htm
HCM-400 Healthcare Finance
Courtney Roberts
Southern New Hampshire University
January 28, 2023
HCM-400 Healthcare Finance
Section 1
Opportunities
Based on the analysis of DaVita Inc shows that the firm has a wide range of improvement opportunities. Firstly the firm can expand its services and offerings. This could be done by buying small and medium-sized companies that specialize in giving dialysis services and treatments, this strategy may increase the companys market share and profitability. The company should also focus on utilising new technology to improve operations. This strategy may improve efficiency and customer satisfaction.
Additionally, the organization should join forces with other companies in the healthcare industry. This may result in a stronger market position and improved customer access. Also, DaVita Inc should enter new markets and expand its service offering. This may be done by increasing the firms presence in international markets. Finally, DaVita Inc can provide a broader range of services and products, which can be accomplished by incorporating new services such as medical analytics and other related services.
The opportunities, as mentioned earlier, provide a big-picture view of healthcare; shows that the company could grow its market share and make more money by adding more services and products. The utilization of new technology helps to improve operations and customer experience. Lastly, the firm’s presence in the international market can grow because it can enter new markets and offer more services. These opportunities allow the firm to remain competitive and achieve long-term sustainability.
Proposal
The proposed changes for DaVita Inc. are meant to improve how it runs now by using technology and adding more services. The company can increase its efficiency and customer experience by utilising technology while maintaining its competitive edge. DaVita Inc. can also expand its service offering by acquiring small and medium-sized firms specialising in dialysis services and interventions. Also, the company can join forces with other healthcare companies to improve its market position and make it easier for customers to do business with it. Lastly, the company can add new services like medical analytics and other related services to its services and products. These changes will help the company remain competitive and achieve long-term sustainability.
References