Local tax assessors and the federal government require all non-profit and tax-exempt organizations to pay up when their bills become due. This is why most healthcare facilities employ competent accountants to setup online accounts, negotiate tax rates, and issue payments before tax bills fall delinquent. An online master in taxation degree is usually necessary to
Do the administrators and managers in your healthcare organization dedicate enough time and energy to planning? If not, the healthcare products or services you provide may not be up to the standards expected in this industry. Professionally run healthcare facilities are always putting new plans in place and are always refining these plans. Your healthcare
Patients’ medical records contain highly sensitive information — which is why data protection regulations are suitably stringent. The Data Protection Act 1998 enforces regulations on all UK organisations and individuals classed as either data controllers or data processors. And the European-wide General Data Protection Regulation hits the statute books in May 2018 — bringing greater
The National Health Service (NHS) was established by Aneurin Bevan in 1948 with three core values: That it meets the needs of everyone That it’s free at the point of delivery That treatment is based on clinical need, not ability to pay. It became a unifying institution for a post-war populace struggling with austerity —
If you run a long-term care facility, you’ll want to ensure you hire the best people you can. Your team will be responsible for making your facility a success and providing the high level of care that you want your patients to receive. You will want to ensure you form a team that works well
Procuring financing for hospitals is not as easy as many think because a hospital is basically listed as a not-for-profit organization. It is not allowed to issue stock and debt financing stands out as the only real option available in most cases, all through tax-exempt bonds. There are also some for-profit hospitals, of course. They
Nothing is more important than medical and scientific research. This is especially true of researching infectious diseases that have no cure, such as salmonella, E.coli, Ebola, dengue fever, and many more. These transmittable diseases continue to plague the world, but scientific research is not infallible. What if it’s the research that causes a widespread and
Regardless of where you stand on the hot-button issue of health care, there’s no denying the fact that medical costs are through the roof and decent coverage is perhaps harder than ever to come by. That doesn’t stop the fact that having health insurance is not only required by law but also represents a long-term
Biomedical technology, the field that combines engineering with technology to solve medical and/or biological problems, particularly when it comes to the design and use of medical equipment which can treat diseases and diagnose them more quickly, has been growing rapidly of late. With the continual developments in technology and the increase in big data, not
Internet of Things (IoT) is helping healthcare professionals transition their work space from physical, closely-monitored diagnosing and operating spaces to remotely controllable procedures that operate via the cyberspace. Medical devices and smart sensors are being interlinked through wireless internet run by high-speed processors for expediting medical procedures, keeping patients from harm’s way, and reduce medical
