A discussion on how future trends in hospital financing will affect pharmacology.
Written in 2005; 900 words; 5 sources; $ 35.95
Paper Summary:
This is a short paper regarding the association of future trends in hospital financing and the accompanying changes and requirements that would be placed on an in-hospital pharmacy. The paper discusses various trends, such as closing or merging for those in capital poor situations; increased collections, greater use of technology and specializing were trends for those in capital rich situations. The paper examines the necessary pharmaceutical recommendations in response to these changes.
From the Paper:
"Future trends in hospital financing are either exciting or dismal, depending on what the hospital's current bond rating is ("How are Hospitals," 2004). If it is secure, the future is bright, as that hospital belongs to the group of hospitals considered "the haves." For the haves, money is not an issue and capital is readily available. For the "have nots" operating capital is scarce if it is there at all, the hospital is in jeopardy of closing its doors, and financing options are virtually non-existent ("How are Hospitals Financing, 2004). A reported "47% of hospital CFOs say they can't keep up with the basic need for capital improvements" (How are Hospitals, 2004)."
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