Revolutionizing Healthcare Services: The Role of Value Innovation and Challenges Ahead - Essay Sample

Over the past decades, the healthcare system has been making a lot of progress to make sure that they provide best healthcare services to the public at affordable prices. For instance, from the article is very clear that there are many stakeholders involved towards many projects to make sure that the citizens get the best out of their money or value. The HFMA has the Health Care 2020, which is a unique 4 part series that provides information basing on healthcare practices. For the past years, most of Americans have been unable to access to certain medical services due to lack of enough fund or lack of capability to raise a certain amount of money to get a certain medical service, which is costly (Health Care 2020). The start of the value via innovation is one of the best strategies that can bring many changes in the healthcare system by eliminating all the disadvantages of the traditional way of handling patients (Lenzen et al., 2020). Through the value via innovation strategy, the patients and the physicians are able to keep record of their ongoing treatments and plan on how to clear their medical bill through a certain system, which will remove a heavy backload of medical bill debts.

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However, the HFMA report seems to also have some challenges since the implementation of the project does not only need immediate action but requires a lot of funding and in this case, the service providers need to extra hard in their pocket to make the projects successful. Since HFMA, report consists of four series the stakeholders might decide to invest heavily on the large category of the implementation that also has enormous change in the system (Begley, Cipriano & Nelson, 2020). However, much as most healthcare providers are much concerned about how to receive their payments from the patients they also need to emphasize on the internal and external factors, that affect both the customers and the employees (Jacobson & Clarke, 2010). From a personal point of view is that the HMFA report is one of the best plans that the healthcare service organizations should adopt since they have many benefits when compared to the old system of medical service delivery in the country. However, healthcare providers and organizations have to make sure that their charges are price-friendly since the consumer choice might lead to their downfall since there are also some local healthcare facilities that serve both low and high-end-income people at fair prices when compared to other public healthcare facilities.

References

“Health Care 2020.” Hfma, Healthcare Financial Management Association, 2016, www.hfma.org/healthcare2020/.

Begley, R., Cipriano, P. F., & Nelson, T. (2020). Common Ground:: AONL, ANA, and HFMA Outcomes-Based Staffing Report Provides Guidance, Insights. Nurse Leader, 18(3), 216-219.

Jacobson, C. A., & Clarke, R. L. (2010). 2009-2010 annual report. Healthcare Financial Management, 64(10), SS1-SS1.

Lenzen, M., Malik, A., Li, M., Fry, J., Weisz, H., Pichler, P. P., ... & Pencheon, D. (2020). The environmental footprint of health care: a global assessment. The Lancet Planetary Health, 4(7), e271-e279.