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Chart of Accounts for Health Care Organizations - Essay Example

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An author of the essay "Chart of Accounts for Health Care Organizations" reports that despite having such a philanthropic structure, the company is among the largest employer in the country. In Arizona for example, Banner Health is the second largest employer after Walmart…
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Chart of Accounts for Health Care Organizations
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Chart of Accounts for Health Care Organizations

Download file to see previous pages... A number of healthcare services including hospice, emergency care, outpatient surgeries, long-term home care, pharmacies and rehabilitation services among many others. Formed through a merger of Samaritan Health System and Lutheran Health Systems in 1999, the company has grown rapidly and currently boasts of assets worth $6.4 Billion (Piland, Glass & Center for Research in Ambulatory Health Care Administration, 1999). Banner Health has an efficient structure that has continued to portray its readiness to face the dynamic nature of the industry. The network continues to position itself strategically in the provision of healthcare services thereby making itself ready to offer its services in the next decade. Key among such strategies is the expansion of its network coupled with its diversification plan. As explained earlier, the company has expanded from Phoenix in Arizona to have more than twenty outlets in several other states. Such is an effective strategy the network employs in ensuring that it reaches as many Americans as possible. Health care is a basic need in any economy; the company, therefore, grows its network thereby enhancing the accessibility of its services throughout the nation. The same is the case with the diversification of the network. Banner Health offers a number of services including pharmacy, hospice, rehabilitation services, laboratory services and hospital care among many others. Demand for health care services is dynamic given the changing lifestyle in the contemporary society. The next decade promises further changes a feature that requires the services providers to streamline their capabilities. Banner health portrays the dynamism capable of handling the demands for health care service in the future. Emergency services are vital in ensuring that the company handles the demand for emergency services. The same is the case with hospice and home care among the many other services. ...Download file to see next pagesRead More
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