High Quality Health Care

In healthcare system the highest quality medical care means the greatest benefit to patients at the lowest possible cost The Agency for Healthcare Research and Quality (AHRQ) defines quality health care “as doing the right thing for the right patient, at the right time, in the right way to achieve the best possible results.” (NCQA, n.d.). According to American college of physicians, the single most reason for the health care cost is the high healthcare spending. There are several factors involved in the high health care cost such as inappropriate use of advanced technology, lack of patient involvement in decision making, overuse of payment system, excessive price for healthcare services, high administrative cost, and medical liability are some

There are four elements in finance management such as planning where goals, strategies and budgets are established, in controlling, make sure established goals and strategies are followed by comparing report of original value with target values. Organization and directing involves maximum utilization of the available resources for the best advantage such as staff, space supply, and equipment .Finally the decision making involves analysis and evaluation to select the best alternatives .However there is no single entity with any single solution is not available to improve the quality outcome and bring the expenses down instead multi model approach ad efforts are required for the best cost effective practice. However, nation has to ensure spend taxpayer’s money wisely to improve health care quality and control health care cost