Healthcare management Essay Example | Topics and Well Written Essays - 250 words

Healthcare management - Essay Example However, the affordable healthcare act now stipulates that all citizens who do not have a form of employment are covered by Medicaid (Pipes, 2010). This, therefore, means that all patients are eligible for healthcare regardless of their risk factors and financial ability. This is a nightmare for most hospitals because it raises the cost of operations because the funding of this healthcare act is a collective venture (Pipes, 2010). As a result, there are certain costs that hospitals must try to avoid in order to maintain the business. First and foremost, hospitals must reduce redundancies in order to reduce recurrent expenditure. (Healthcareitnews.com, 2012) This is a tricky process as there is often a shortage of personnel hospitals, however, this must be done. Some personnel often carry out work that could be done by someone else or outsourced. For instance, some procedures that are non-essential could be outsourced to other hospitals. Also, the hospital should invest in a more stringent scrutiny measure for patients. (Ache.org, 2012)While this is an additional cost, it becomes an efficient criteria for identifying patients with high risk factors that could increase potential losses for the hospital. Finally, hospitals must look to find additional investors so as to increase the amount of capital in the running of the hospital. Healthcareitnews.com. (2012).  8 key issues for population health management in 2012 | healthcare it news. [online] Retrieved from: http://www.healthcareitnews.com/news/8-key-issues-population-health-management-2012 [Accessed: 18 Jan