Leadership & Management For The Health Care Industry

The contemporary health care industry is making substantial efforts to deliver quality care and increasing credentials driven by competition among the organizations. The main objective is to deliver effective health care service proposes to build the management and leadership capacity of health care managers and practitioners. There are many criteria taken into consideration for managing health care organization, such as:

Legislative role: The political & social factors influence on the productivity & accessibility of the health services. Higher medical costs reduces the utilization of services. Private insurance companies restraints from providing more benefits,& also increase premium rates. Non-insurers find difficulty to meet the expenses, & would be deprived of tertiary health care services. Private stake -holders expect profits from their investments, find hard to pay salaries to doctors & nurses, & ultimately derogate to invest in health industry. In such situations, managers or hospital administrators organise for public awareness camps, free consultation programs, special discount offers on investigative procedures, etc to attract customers/ patients.

Science & Technology: Involvement of technology & varied branches of science,such as, toxicology,bio-medical research bio-instrumentation, bio-materials, genetics, rehabilitation engineering, nutrition & diet, & others have accelerated the procedure of the diagnosis & treatment providing quality to life. Medical informatics provide services in various areas, such as, knowledge management, guidance on best practices, education of professionals, & the public,& the use of new communication & computer technologies. Electronic medical record services helps for easy creation, storage, retrieval & research of medical data. It proves remarkable advantage for telemedicine & medical tourism industry. Therefore analysis of outcome measures in comparison to knowledge & technology should prove cost-effective & efficient.

Organization structure: Operating standard equipments, sanitation, hygiene, availability of emergency & safety measures are essential components of hospital. The emerging science of quality management, such as, registered national hospital accreditation certificate, & international accreditation certification (JCAHO, JCI) has occupied the place of pride in hospitals. Six sigma approach for improving methodology, reducing variability & waste, giving greater patient satisfaction rates are highlighted for success.

Managing organization: Hospital administrator have to manage the hospital staff with varied behavioural & educational status.The dangers outcomes of strikes, facing contradictions of union leaders are the major risks involved. Relationship (transformational) leadership motivates & inspires the staff members to see the importance & rate value to the task. Participative leadership works best in circumstances of disasters, outbreaks of epidemics, etc.

Low Interest Rates Have Negative Impact in Credit Growth

The decision of the Reserve Bank of Australia (RBA) to lower interest rates resulted to a failure for possible credit growth in the country since households are racing to finish off their debts rather than adjust their monthly payments, Australian Banking and Finance reported.

When the decision was made, RBA expected that demand for credit will be stimulated. What happened was the opposite since households were more conservative after the global financial crisis.

Supposedly, when interest rates were decreased, households will also lower down their mortgage payments to save some cash. But ever since the global financial crisis, households are racing to lower or finish off their mortgage so that they will be readier when a similar crisis happens.

From October 2011, the extent of prepayments of housing credit growth was decreased by at least 0.5 to 0.75 percentage points. According to a research made by Marc-Oliver Thurner and Alexandra Dwyer, credit should be increasing especially when interest rates fall down.

But the research mentioned that the last two years showed a modest growth when it comes to housing credit. This was compared in the increase in the value of housing loan approvals.

Making Prepayments

Households are prepaying their mortgages more quickly than when the interest rates were higher, another report in The Australian noted. Apparently, only about half of Australian households lowered down their mortgage payments when the interest changes happened.

It means that a considerable portion is making prepayments to end their debts early. Mr. Thurner and Dwyer, working at RBA’s domestic markets department, found out different results from the two sets of data they gathered.

Because of this, they decided it prudent to also undertake two different simulations.
Analysts expect the impact of the prepayments to be felt by middle of next year.
However, under the first stimulation, the effects of the partial prepayment will be tapered off by the expected strong flow in new loan applications.

Banks should make sure though that there will be new loans since if there only a small number of housing loans, it may not be able to taper off the effects of the prepayments.

How Time Cards Are Useful for Employees

An employee can be punctual but it is not necessary that he gets his full payment. The payment of an employee is based on the payroll prepared by the concerned person. In case your job card is misplaced or gets mutilated then the person preparing the payroll might not be able to make a correct payroll and thus you might not be paid according to the work done by you. Therefore, it is necessary that employees should maintain the time card provided by the employer.

The employee time clock is widely used in organizations for effective maintenance of payroll of the employees. Similar to time cards, employee time clocks are also effective in maintaining the payroll of the employees working in an organization. Regardless of the large number of people working in an organization these clocks are able to maintain exact report of the attendance of the employee.

These clocks are also able to calculate the effective time for which an employee has worked and when he was out for recesses. Though a time record card can not automatically maintain these records, but there are several modern equipments that can automatically punch the time card of an employee. These devices work with all sorts of time card and an employee simply need to pick his card and punch it in the machine.

Time cards prove to be of use to the employees in more than single way. It is not just that the time cards register the in time and out time of an employee. Rather, you can also punch in the time interval when you were out and not working. In case of employee time clocks, an employee does not have any proof of his attendance. If the clock develops a snag, sometimes it does not register the attendance. However, this is not the case with time cards. If a particular employee picks up their individual card and punch it in the machine, it will register his attendance without fail.

Time cards are generally kept with the machine where an employee needs to punch it. Therefore, it is not necessary that you carry it around. However, the electronic time clocks work either with a punch in card or an identification proof that can be read by the console of the machine. Therefore, it is necessary that you have to carry the card that you have to punch on the electronic time clocks, and therefore is an extra burden. But this is not the case with time Record cards and thus it proves to be useful to an employee in one more way.