Finance Revenue and Costs in Health Organizations - Essay Example

First and foremost there is a need to understand the billing of health care services. An accurate cost of events, practices, and procedures along with the delivery of services is essential to generate commendable profits. Once this is understood, the organization can accurately assess the profitability of each sector, clinical management, service lines, or provider relationships to ensure growth in revenues and scalability (Glaser & Sett). The performance of each subsector can then be analyzed hence giving room for improvement. To lower costs and enhance efficiency, there is a need to revise networks to enhance coordination across healthcare service delivery. Accessibility of health care records to a greater amount of staff, physicians, and clinicians is vital to ensure the speed of delivery and determine the individual cost of services offered.