Databases, physicians, and accountants of the 21st Century

As hospitals move through the 1990s, the relationship of administrative staff and physicians is changing. At the same time, healthcare financial managers have seen profitability decline due to greater competition and the changing requirements of 3rd-party payers. Healthcare financial managers must s...

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Bibliographic Details
Published in:Healthcare financial management 1993-06, Vol.47 (6), p.134-136
Main Author: Michelman, J E
Format: Article
Language:English
Subjects:
Accountants
Accounting
Accounting - trends
Accounting procedures
Accounting systems
Auditing standards
Chief financial officers
Chief information officers
Data collection
Decision making
Decision Support Systems, Management
Education
Financial management
Financial Management, Hospital - trends
Health administration
Health care delivery
Health care industry
Hospital Administrators - education
Hospitals
Organizational change
Physician's Role
Physicians
Reimbursement
Trends
United States
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Summary:As hospitals move through the 1990s, the relationship of administrative staff and physicians is changing. At the same time, healthcare financial managers have seen profitability decline due to greater competition and the changing requirements of 3rd-party payers. Healthcare financial managers must shift their focus from reimbursement to prospective payment and must accompany that shift with a change from retrospective reporting to proactive analysis, information sharing, and exchange. Behavioral changes must take place in 3 areas: 1. the healthcare financial management profession, 2. the financial management education system, and 3. healthcare organizations themselves. As the demand for resources in the healthcare industry continues to increase and as competition intensifies, the role that accounting plays in the industry will continue to change.
ISSN:0735-0732