HEALTH CARE FINANCIAL MANAGEMENT - Essay Example

Health Care Financial Management al Affiliation) The article, “Preparing for the New PPACA Electronic Payments Environment: What Healthcare Providers Need to Know” is relevant to our class in that it defines the new operating rules that govern healthcare transactions (Krah, 2013). Indeed, the Patient Protection and Affordable Care Act became the basis of healthcare financial management since January 1, 2014. The article discusses the benefits and demerits of electronic transactions that relate to healthcare financial management.

Additionally, the article discusses the benefits and obstacles that hinder electronic funds transactions in the health sector thus depicting the dynamics in healthcare financial management (Krah, 2013). The article helps us to understand the design and implementation of PPACA in Health sciences and medicine. As such, the article is relevant to our class since it derives more understanding on the topic of discussion.I can derive two key take away points from this article. Apparently, the absence of universal operating rules has been hindering the adoption of more efficient and electronic healthcare payments.

Additionally, the enactment of the new operating rules defined in the Patient Protection and Affordable Care Act have enabled healthcare providers to enhance efficiency, reliability, and management of healthcare payments (Krah, 2013). However, many health providers are yet to adopt electronic funds transactions subject to the challenges involved in implementing the new operating rules (Krah, 2013). Notably, everything in this article makes sense since it seeks to derive more understanding on the new operating rules that govern healthcare payments.

However, the article lacks a list of sources that supports its argument.ReferenceKrah, S. (2013). Preparing for the New PPACA Electronic Payments Environment: What Healthcare Providers Need to Know. Retrieved from https://blackboard.wku.edu/bbcswebdav/pid-3463793-dt-content-rid-15856060_2/courses/201510HCA44539923/Healthcare%20Reform%20Impacts%20on%20Revenue%20Cycle.pdf