Heath business entrepreneurs and the government face a significant challenge in addressing these modern health issues. The growth in population and the mushrooming …show more content…
Furthermore, ageing population seems to take a toll. This spells out high dependency ratio whose burden lies on the government of the day. In addition, aging predisposes development of chronic illnesses and therefore, it strains the government resources which makes it difficult to fund the health sector adequately. This is sad bearing it in mind that chronic illnesses are still at large (Bruce et al. 2012).Though there seems like there is no potential of reforming the health system, the stake holders ought to explore various avenues to find amicable solutions in order to reform the system comprehensively. In order to achieve this, it calls for collective efforts from all stake …show more content…
This is usually achieved though screening tests for conditions such as cancer and heart disease and to encourage early management of these conditions before occurrence of complications. Finally, they are responsible for managing treatment costs incurred by the clients. Therefore, it is crystal clear that the financial management staff has a role to play in handling the challenges which are posed by some trends in the health care sector (Shanks, 2016).
In handling the new trends in health care, the financial institutions should formulate policies outlining the requirement for all individuals to attend screening services to enhance reduction of costs which would instead be used in management of the diseases in the event they occur (Shanks, 2016). Application of rules, law and regulations will go a long way in enhancing integrity, accountability and transparency and in the long run ensure proper managements are