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Role of A Health Care Manager in Long-Term Financing for The Organization

Role of A Health Care Manager in Long-Term Financing for The Organization

The quality of healthcare provided dictates the success of a healthcare organization. As a healthcare manager, I will actively decide how healthcare quality in the organization can be improved. I will also be interested in long-term financing for the organization in different ways. To begin with, I will forecast any future needs that enhance the organization’s performance. For instance, I may indicate the market for additional staff, technology, or other medical equipment required to offer high-quality care. According to Zelman et al. (2020), healthcare organizations have invested in information technology to enhance healthcare services’ efficiency and maintain a competitive advantage. Therefore, our organization’s long-term budget should include funds for information technology. I will then discuss the most urgent needs with the organization’s board and work with the finance manager to predict costs and access the organization’s financial capacity to meet those needs.

Secondly, I will align the activities in the organization with the long-term goals to ensure that the workforce works towards achieving a common goal. For instance, based on the fact that the organization’s long-term goal is to be a leader in healthcare innovation and collaborative care to improve healthcare quality in the community, the main activities should include introducing and implementing innovative ideas. As a healthcare manager, I ensure the workforce has the resources to be creative and grant them the autonomy to try new ideas.

I will also be involved in long-term financing for the organization by ensuring it maintains a good reputation through corporate social responsibility to get goodwill from investors and make it easier to get donations to improve healthcare services. According to Boertjens (2019), donations are the primary source of funds for healthcare organizations, so it is vital to maintain a good relationship with potential donors. I will also regularly update donors on how funds have been used to meet the intended purpose.

References

Boertjens, J. (2019). Introduction: Healthcare financing – an international comparison of models and outcomes. The Law and Policy of Healthcare Financing, 1-15. https://doi.org/10.4337/9781788115926.00007

Zelman, W. N., McCue, M. J., Glick, N. D., & Thomas, M. (2020). Financial management of health care organizations: An introduction to fundamental tools, concepts, and applications. John Wiley & Sons.

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Question 


Role of A Health Care Manager in Long-Term Financing for The Organization

Role of A Health Care Manager in Long-Term Financing for The Organization

Respond to the following in a minimum of 175 words:

As a healthcare manager, how will you be involved in long-term financing for your organization? Provide examples.

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