DEFINING HEALTHCARE SETTINGS 2
Healthcare provides treatment and prevention of diseases, illness, and injuries. These
services are provided in a healthcare setting. Every healthcare needs finances to run the
institution. This paper will discuss the role of investment in decision-making and definitions of
healthcare settings. The paper will also discuss advantages of integrating delivery services and
challenges to its implementation.
Financial environment in healthcare
The role of finance in healthcare is to plan for, acquire, and utilize resources for
maximum profitability. Finance activities include budgeting, planning, capital investments, risk
management, working capital, and financial reporting. Finance plays a significant role in
decision-making. The number of employees that are recruited in a particular health center
depends on the finances of the institution. The more the funds and capital, the more the
employees. The ability of an institution to include integrated delivery systems also depends on
the money available in the health center. The size of the health care center depends on finances
and the sources of capital. If the health center is well financed, its size is big. The type of
services offered depends on the funds of the health care. For example, a health center providing
major surgeries indicates the financial status of the institution.
Ambulatory care
Ambulatory care is also known as outpatient care .it provides services to patients who do
not belong to any specific health care. The services include urgent care centers, home healthcare,
rehabilitation, emergency services, sports medicine centers, and clinical laboratories (Goodwin,
2011). With the increase in population and demand for health care services, the ambulatory
services have increased their amenities at a low cost compared to the hospitals. Some of the
