Health Care Industry - Coursework Example

Only on StudentShare

Extract of sample
Health Care Industry

This has led to a reputation that is based on the specific types of health care plans and the options available to assist with those who are in need of health care (Humana, 2011). Humana began in the 1960s by providing assistance to those who were living in nursing homes. The beginning in 1961 included two owners, Wendell Cherry and David Jones, deciding to build a nursing home to assist those in need of extra care. Within seven years, the nursing homes had grown to over 40 facilities available for seniors in need of various levels of assistance. By the late 1960s, the need for nursing homes changed, specifically because of the introduction to Medicare and the extra assistance from hospitals. By the 1970s, the focus was to provide extra assistance for living as well as to provide needed resources for those who were in hospitals. This expanded with the acquisition of America Medicorp that was based on adding special care. It wasn’t until 1984 that health plans and insurance were offered to assist a diverse population of individuals. By the 1990s, the company was known for its strong reputation among doctors and patients, as well as the several packages available for diverse needs in health care (Humana, 2011). Today, there are several products and services offered by Humana. ...Show more

Summary

SID; Module (102KM); Course (BIS, BIT etc) Surname; Firstname. Business Information The ability to assist those who need health care has been the main objective of a variety of businesses. One leading business in the industry of providing health services is Humana…
Author : pschaden
Save Your Time for More Important Things
Let us write or edit the coursework on your topic
"Health Care Industry"
with a personal 20% discount.
Grab the best paper

Related Essays

Finance and accounting assignment: Sonic Health Care Limited
(Businessweek 2013) It also runs minor operations that include the management of medical centers as well as the conduct of seminars and trainings for medical practitioners. (Reuters 2013) SHL’s revenues for the fiscal year ending 30 June 2012 were generated from the following business and geographical segments: It is clear that the Company’s operations in Australia make up the bulk of its revenue sources; the same revenues mostly arise from the range of its pathology services.
36 pages (9000 words) Assignment
Ration Analysis in Decision Making
The accounting profession is guided by the generally accepted accounting principles (GAAP). The four basic financial statements are the income statement, balance sheet, statement of retained earnings, and statement of cash flow. Public companies release quarterly financial statements and yearly financial statements within the content of the annual report.
4 pages (1000 words) Assignment
Financial Management in Health Care
This element of management aims at determining the objectives of businesses in maximizing profits. Essentially this element involves utilization of financial resources within an organization. Financial management plays an essential role in making investment decisions within profit-making organizations.
4 pages (1000 words) Essay
Financial Management in Health Care / Health Care Budget
To achieve this they must follow the laid down guidelines and practices in financial management. A review of the 2010 budget projection is completed and analysed in regards to the suggestion put forth. Effective financial management practices for Patton-Fuller Community Hospital Annual budgeting One of the commendable financial management practices is annual budgeting that can be seen through the trend in the Hospitals annual budgets from 2007.
3 pages (750 words) Assignment
Budgeting in Health Care Organizations
A concise definition was provided by Gapenski (2008), who stated that the budget is the detailed plan, expressed in dollar terms that specify how resources will be used within a period of time. When a health organization's budget pertains to the plan that includes activities, expenses, costs, resources and revenues within a specific period of time, it is called the operational budget.
3 pages (750 words) Essay
Anti Trust
This shifts the risks and liabilities of the patient on the shoulders of the service providers. The objective of the thesis is to research a recent case related to a health care organization in United States that has been charged with anti-trust action. On the basis of this case and lessons learnt from analysis, the report advises and recommends the senior management on how it could avoid threat of Federal Trade Commission (FTC) investigation if the company were to merge with other health care organizations.
3 pages (750 words) Essay
Managing Financial Resources in Health and Social Care
Costing has five fundamentals that should be adopted in any costing exercise. 1.1 Principles of costing Stakeholder engagement Under this principle, all stakeholders should be identified, concentrate on the ones that would be positive or negative towards your targeted goal.
10 pages (2500 words) Essay
"The success of a centre of calculation lies not in the hands of designers but in the hands of those who come after" (Briers & Chua 2001, p. 265). With reference to the above quotation, critically review the change in management accounting tec
financial reporting services, for purposes of assisting the management in the implementation and formulation of the strategy of an organization (Arora and Katya, 2009). Under this definition, it is possible to denote that management accounting is an important tool that managers
9 pages (2250 words) Essay
Essay Question
utions are striving to create awareness about the threats associated with mismanagement, which may cause massive loss and grave cases to this industry. The factors affecting financial service industries are either e external or internal (Vit, 2013).The financial sectors have a
2 pages (500 words) Essay
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT