Topic > The Healthcare Industry and Insurance - 1591

Literature ReviewAccording to Wager, Lee and Glaser (2013), HealthCare information management is the practice of providing care and appropriate curation of health information through traditional and new digital means in centers healthcare providers, medical practices, hospitals, healthcare divisions, health insurance policy organizations and other services that provide healthcare or healthcare information services. Armoni (2010) adds that with the widespread computerization of health information and other information sources, such as health center management features and health recruitment details, health IT and health technology innovation are increasingly used in practices information control in the healthcare sector. (American Society for Healthcare Risk Management, 2011) Nationwide health insurance coverage is a health insurance policy that insures a national population for the costs of medical care and is usually established as a health care reform system. It is required by law. It can be administered by public industry, private industry, or a combination of both. Financing mechanisms vary by system and country. National or statutory health insurance policy coverage is not the same as state-managed or state-funded medical care, but is usually established by national legislation. Technology innovation solutions for small businesses and branch offices vary in nature. Variations range from software implementations to small to large organizations that share common goals of rapid expansion and revenue maximization (Haux & Ammenwerth, 2011). Unlike large organizations, however, small businesses cannot depend on sizable budgets or in-house teams to employ paper officers, and they do not have employer-subsidized medical care or supplemental coverage. Hospital mergers. The benefits from health center mergers are low, so in most scenarios they are lower than the expected value. A study conducted in this area found that the effect was 7%, a normal reduction for all consumers. Comparing the results with other health centers, it is clear that the savings remain extremely small. These are health centers that compete within the same market. The medical insurance system will benefit greatly from the presence of few hospitals. This is because it ensures easy entry and facilitates management of available insurance data (Tan JK, 2001). On the other hand, it could limit the maximum revenue collection from the healthcare system. This concept significantly affects the service delivery capacity of insurance companies.