Health Care Data Anaysis (Essay Sample)

Health Care Data Analysis
Name
Institution
Health Care Data Analysis
Part III
The Roles of Senior level Informaticist
In the world of Medicine, the surveillance of the public health sector has greatly benefited from the analysis and solutions pioneered by Health Informaticist (Savel & Foldy, 2012). Nevertheless, the field of health informatics is also charged with other obligations of serving the public health sector in various ways. Health Informaticist plays crucial roles as far as technology is concerned in the health sector. However, their duties and obligations are not limited to nursing, administration and emergency responses. In health, Informatics is defined as the systematic utilization of the computer systems and the available technologies to the practices in health, learning and research (Savel & Foldy, 2012).
This in disciplinary profession involves the use of information science, mathematics, and engineering to the important problems and practices of the public health systems. The sector is a subdomain of the expanded field referred to as health informatics or the biomedical. Health information technology (HIT) encompasses the application of software technology in the healthcare field for various purposes. In the healthcare environment, the Informaticist has various roles in terms of health responsibilities. Their duties include;
They support heath decisions through ensuring the facilitation of relevant, timely and information of high quality
They give advice on the means of achieving the goals of the public heath facility with lists efforts or lower costs. For instance, they accomplish this task through leveraging information science, technology or computer science.
They help in identifying visualization and statistical applications through generating algorithms, which alerts the users to the aberrations in health events.
They leverage the high-performance resources that are computerized for technical analysis or large sets of data.
Operational and Financial Change Models
In the health sector, as soon as the top management is informed about the financial status of the facility, it is essential to establish a more elaborate budget and financial models to ensure the credibility and accuracy of the directional information is attained (Cummings & Worley, 2014) . In “bottom-up” assessment, the financial models are developed and highlighted in details. After this is accomplished, the remnant parts are unified to give a clear glimpse of the final plan. While implementing the change models, it is proper to ensure or ascertain that that all the employees are ready for a change, which helps in the execution of the budget analysis and cost.
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Table 1: model of change sample
The following are the change models used in the budget table and cost analysis.
Cost Projections
For the financial department to have fully prepared cost projections, staffing input is an important factor to consider and change (Cummings & Worley, 2014). This goes along with the competitive benchmarks for the total costs of the employees’ salaries or wages. In the budget, there must also be an inclusion of the non-manufacturing and manufacturing space facilities it would require.
Income Statement
Income statements are learned or analysed to provide and change the summary of the anticipated condition of finance. All sites that direct to business profits must balance or else it might be an indication to investors that the model of the finance is faulty.
The cash flow statement
The most valuable operational inputs to the statement of cash flow include a hospital’s most recent statement of the income together with an approximate amount of money spent on every employee. In business terms, the statement’s output is the cumulative cash at hand, which must be raised and changed to solve such problems.
American Recovery and Reinvestment Act (ARRA)
The ARRA is famously referred to as the recovery act. It was a package of the economic stimuli enacted by the 111th American Congress (Moriya & Simon, 2014). It was signed into law the current sitting president of the United States, Barrack Obama. In order to respond to the Great American Recession, the key objective of the ARRA was to create and save jobs. However, the secondary objectives included the provision of relief programs that were temporary for those people influenced by the recession (Moriya & Simon, 2014). Consequently, investment in the infrastructure renewable energy, health and education was prioritized. The ARRA included direct spending in the education sector, health, energy and the infrastructure to enable the expansion of the employment welfares and other social facilities within the United States.
The justification of the ARRA originated from the theory of Keynesian macro economy (Moriya & Simon, 2014). The theory stipulates that during periods of recession, the government must offset the increase in public spending with a decrease in private spending so that economic deterioration and jobs might be saved. In section three of the Act, the following were the crucial intents behind the proposal and how it helped fund changes that seek to counter economic recessions;
To create and preserve jobs which help in promoting the recovery of the economy.
To help the individuals most affected by the recessions.
To issue investments required to speed up the economic efficiency through spurring technological advancements in health and science.
To invest in infrastructure, transportation, and environmental protection, which provide extended benefits to the economy.
To stabilize the local government and State budgets, to avoid and limit reductions in important services.
The Relevance of the Proposals to a Real World
In summary, there is room in the A...