Financial Characteristics Of Health Care Delivery Essay Assignment Paper

Hospitals as a very special service industry, and also has a social nature and the market economy. Social obligations and responsibilities of the hospitals must seriously consider the sustainability of their own. The hospital financial management becomes increasingly important. The hospitals financial management is the central link of the modern hospital management, but also the basic premise of the hospital management activities. Under the conditions of market economy, the quality of hospital financial management is directly related to the hospital healthy development, the ability to adapt to the needs of the market and modernization (Zelman, McCue, Glick, 2009).

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Effective financial management in public and private entities of the health system requires the management of lifelong learning and continuous tracking of changes in the process. Financial characteristics of healthcare delivery are of very high significance in healthcare organization as the delivery of healthcare services does not have any margin of being late and error. Financial management, such as costs, investment decisions, and inventory management and human resource management is very important in delivering healthcare services. Strategic change in the departure from the budget system of financing health care units, there is a use of different variants of contracting services: for individual health insurance, followed by the liquidation of independent contributors and the creation of a central National Health Fund – meant that the health sector is generally considered too difficult to predict, volatile and characterized by a high level of investment risk (Nowicki, 2004).

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