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Related Concept Videos

Issues And Trends In Healthcare Delivery System01:29

Issues And Trends In Healthcare Delivery System

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The issues and trends in healthcare delivery are constantly changing. The COVID-19 pandemic is one recent issue that wreaked havoc on healthcare systems, causing a shortage of healthcare workers, high demand for medicines and supplies, and increased medical expenditure due to a lack of insurance. Other issues include rising healthcare costs and care fragmentation.
Cost Containment
Payment for healthcare services has historically promoted adoption of costly and often unnecessary or inefficient...
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Health Information Technology and Healthcare Information System01:30

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Health Information Technology (HIT)
Health Information Technology, commonly called HIT, integrates advanced information systems and technology in healthcare settings. Its primary functions include:
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Funding technology: evaluating and exercising the leasing option.

Healthcare financial management : journal of the Healthcare Financial Management Association·2006
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Technology strategy and the balance sheet: 3 points to consider.

David J Waldron1

  • 1LaSalle Bank, Towson, MD, USA. david.waldron@abnamro.com

Healthcare Financial Management : Journal of the Healthcare Financial Management Association
|June 9, 2005
PubMed
Summary

Hospitals must manage their technology assets effectively. Implementing a technology life-cycle management program ensures financial stability by balancing assets and liabilities.

Area of Science:

  • Healthcare Management
  • Health Informatics
  • Technology Management

Background:

  • Hospitals strategically leverage technology for competitive advantage.
  • Rapid advancements in healthcare technology require proactive management.
  • Existing financial models may not adequately address technology asset lifecycles.

Purpose of the Study:

  • To highlight the necessity of a technology life-cycle management program in hospitals.
  • To emphasize the importance of aligning capital sources with technology asset categories.
  • To advocate for financial strategies that ensure a balanced balance sheet.

Main Methods:

  • Analysis of current hospital technology adoption strategies.
  • Review of healthcare technology trends and their financial implications.

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  • Examination of financial management principles for asset-liability matching.

    • Main Results:

    • Strategic technology use is a key differentiator for hospitals.
    • A structured technology life-cycle management program is essential.
    • Flexible capital sourcing is crucial for balancing technology assets and liabilities.

    Conclusions:

    • Hospitals need robust technology life-cycle management programs.
    • Financial strategies must adapt to the pace of technological change.
    • Achieving a balanced balance sheet requires careful management of technology assets and liabilities.