Cardinal Innovations Healthcare Solutions – Strategic SWOT Analysis Review
Cardinal Innovations Healthcare Solutions (Cardinal) is a pharmaceutical and healthcare company. The company is a managed behavioral healthcare organization that helps individuals to access the services. Its tested model serves individuals needing mental health, intellectual/developmental disability and substance use/addiction services by providing efficient operations and systems. The company is a multi-county program in North Carolina, offering financial resources and direct services to people in need of mental health, developmental disability and substance abuse care. Its system of care enables consumers and families to set their own priorities and participate in system management to personalize the system through its choices of services and providers. Cardinal Innovations provide services such as screening, evaluation, outpatient psychiatric treatment for children and adults. Its solutions include Cardinal innovations waiver, Cardinal health plan, operates the PIHP or prepaid inpatient health plan (PIHP) and manages state-funded mental health, substance abuse, and developmental disabilities services. The company was formerly known as Piedmont Behavioral Healthcare. Cardinal is headquartered in Kannapolis, North Carolina, the US.
This comprehensive SWOT profile of Cardinal Innovations Healthcare Solutions provides you with an in-depth strategic analysis of the company’s businesses and operations. The profile will give you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.
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The profile contains critical company information including*,
– Business description – A detailed description of the company’s operations and business divisions. – Corporate strategy – Analyst’s summarization of the company’s business strategy. – SWOT Analysis – A detailed analysis of the company’s strengths, weakness, opportunities and threats. – Company history – Progression of key events associated with the company. – Major products and services – A list of major products, services and brands of the company. – Key competitors – A list of key competitors to the company. – Key employees – A list of the key executives of the company. – Executive biographies – A brief summary of the executives’ employment history. – Key operational heads – A list of personnel heading key departments/functions. – Important locations and subsidiaries – A list and contact details of key locations and subsidiaries of the company. – Key manufacturing facilities – A list of key manufacturing facilities of the company. For more information kindly visit :
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Rising Cost of Healthcare
The cost of healthcare treatment in worldwide continues to rise rapidly, an no where is this more demonstrably true than in Hong Kong. At current rates of medical inflation, Hong Kong will soon rival the USA as the worlds most expensive location for medical care.
Hong Kong is currently experiencing a high level of economic buoyancy, having been quick to recover from the global financial crisis of 2008 2009, and this is driving more and more people to seek a higher standard of private healthcare. As a result of this increased demand, the availability of high quality private medical treatment has become limited, and this in turn has served to increase the overall costs of private healthcare in Hong Kong.
Unfortunately for healthcare consumers, these increased costs of medical treatment are now being passed down in the form of increased medical insurance premiums.
Hong Kong is currently listed as the second most expensive place in the world to receive medical treatment after the USA, and the costs associated with medical treatment in Hong Kong are likely to continue to rise in the short term.
A standard general practitioners (GP) consultation in the USA will cost a federal average of US$100 approximately. By contrast, a patient choosing to utilize the private healthcare system in Hong Kong will often be charged over US$100 simply for walking through the door. The Matilda hospital, for example, has an average GP consultation charge of US$ 102, while the Sanatorium hospital prices are typically closer to US$153 for the same services.
It is true that the number one cause for personal bankruptcy in the USA is an inability to pay costly medical bills, and when examining the cost associated with a number of typical medical procedures it is easy to see why a large portion of the population has a difficult time affording quality healthcare. The average cost associated with a Routine Maternity delivery, for example, will be an estimated US$ 7,600 in America in many cases a significant portion of a familys annual income. That same procedure in a Hong Kong hospital can cost between US$ 7,197 to US$ 8,500. While it is understandable that medical fees will trend upwards over time, it is also clear that the rise of these costs is getting slightly out of hand.
While President Obama has made significant process towards the reformation of the American Healthcare system, there are still some fairly major issues to be addressed not the least of which is the actual cost of medical services rather than the insurance coverage for the same.
[Top]Healthcare Management Is A Course Beyond The Medical Terminologies
Healthcare in India is growing rapidly. Individuals have started taking immense interest in this field. To a common man healthcare is just getting sick, referring to a physician and taking the medicines. But actually healthcare is vast sector. It involves support of various healthcare officials. With fast changing standard of living, people have started taking health issues in a serious way. The growing number of health related issues has given rise to healthcare centers like nursing homes and clinics. Any healthcare center cannot run single handedly by the doctor, nurse or technician only. To deliver smooth healthcare solutions, it requires hard working management team which handles entire set of administrative tasks which helps the patients to take advantage of healthcare facilities. To fulfill the demand of healthcare managers, Healthcare Management Training institutes are making effort to groom the professionals who can match the pace of fast growing healthcare industry. The growing interest of individuals in healthcare has made it a rewarding career option in India.
With the growing need of world class health facilities, students are opting for courses in healthcare management which in turn can give a good start to their careers. These courses dont merely cover medicine knowledge but also put focus on the management techniques that help in delivering high success. Management course in healthcare does not limit the job option to any healthcare center only; it rather opens the career options in various organizations such as health insurance offices, clinics, rehabilitation centers, psychological health firms, consulting organizations, child care centers, NGOs etc. Trained healthcare professionals can also opt for teaching jobs in colleges or educational institutions for imparting training to the students.
Healthcare management India aims at improving the technologies that work to provide best services to the patients. Through management courses individuals are trained to take care of every block of work efficiently. Their primary focus is to improve the care of the patient. These management courses make the students familiar with the use of software technology which helps them to store the patient record and retrieve it as and when required. For e.g. by having record of medical history and prescription list of the patient, medical specialists can get in to the root of the disease and provide the best treatment accordingly. Apart from software skills it also imparts training on resource management, human resource, finance handling, people management, stock management i.e. maintaining the record of drugs, medicines, medical equipments etc.
These courses help the professionals to think and bring innovative ideas which can improve the healthcare system. Through healthcare management courses one can gain the knowledge to plan, manage, coordinate and supervise the complete set of duties related to healthcare. All in all healthcare management course is like any other management courses that builds leadership skills and helps in gaining fast decision making and analytical power which in turn helps to understand the marketing practices and issues related to healthcare.
[Top]Insurance Policy Healthcare Subrogation Increasing Health-related Recoveries Insurance Policy
Healthcare subrogation companies permit payors inside the health-related market to recoup vast amounts inside above paid out promises annually. So that you can make certain any payor is certainly increasing their particular restoration prospective there are a variety regarding methods being obtained. Selecting a professional subrogator, together with substantial information and also knowledge inside the healthcare subrogation method, is critical to be able to attaining in which prospective.
Info and also Examination Assortment:
Info assortment and also complete examination will be step one inside insurance policy healthcare subrogation. To begin with the method any subrogator can evaluate data of most paid out promises so that you can recognize promises together with restoration prospective. It is rather crucial a complete examination of most paid out promises occurs so that you can get almost all instances of above transaction.
Recognize and also Look into Incidents Promises
Almost all prospective accident-related promises may also be determined and also researched regarding situations regarding overpayments. Each and every automobile accident connected promises needs to be evaluated in relation to fixed practices. The particular insurance policy subrogator will likely then assist the particular payor’s customer care staff to be able to report the important points of each and every state.
Record Critiques
The particular insurance policy Healthcare subrogation service provider next transforms the particular accumulated info up to any staff regarding promises examiners and also law firm to review each and every circumstance independently. When almost all situations regarding overpayment are already determined the particular restoration method commences.
Arbitration and also Pay out
Creating a staff regarding knowledgeable promises examiners and also professionals in the field of insurance policy rules is vital to be able to accomplishment inside the insurance policy Healthcare subrogation arbitration method. The particular insurance policy Healthcare subrogation service provider operates to recoup the absolute most regarding settlement regarding each circumstance regarding overpayment that is determined by means of negation along with law suit.
Remittance regarding Recoveries
Ultimately the particular insurance policy subrogator prepares and also offers a thorough record of most transaction recoveries together with in depth balances of each and every personal circumstance. Almost all recoveries are usually next remitted for the payor.
[Top]The Evolution Of Healthcare Services & Software Development
How Healthcare Industry has evolved till now?
Digitization of the healthcare system has been an inevitable change just like in any other industry. Any organization when it expands, irrespective of the industry, needs to manage a lot of internal departments for coordination & smooth operations. In healthcare industry for example, there are a lot of challenges that requires the role of Healthcare Business Intelligence.
Adoption of IT came in different phases in the industry. Healthcare Software Development changed & improved with every phase.
The first phase brought technology into tasks which were repetitive and could do with standardization & automation like software for accounting & HR ( which includes payroll, hiring, reimbursements etc.).
Then came the phase where IT was evolved in two major ways. Firstly there was better coordination between various departments within an organization. And, secondly healthcare companies could easily integrate with their suppliers thus helping them a great deal in supply chain management. The healthcare application services & software that was introduced then may not have made an impact immediately, but was certainly a foundation for the healthcare software development in the years to come.
The third phase which is the ongoing phase for those looking after healthcare business intelligence. Many organizations have entered into this phase where there is complete digitization of processes & channels. The technology today has more power than in simply help in complete normal functions of an organization. technology has enabled people to do the tasks more valuable for them, letting the healthcare application services , say in the healthcare industry, take care of the rest.
The third phase focused more on the needs & convenience of the patients and less on the processes unlike the first two phases. This helped build a fully integrated & proper digitized healthcare system.
Now that even the patients are getting the hang of the healthcare IT system and in fact finding it more handy, it’s time institutions to get completely acquainted with technology and go all in.
It’s incorrect if hospitals and other healthcare institutes still believe that patients don’t want to utilize healthcare application services as it involves medical care which is a sensitive issue, and only use them specific cases. On the other hand, the lack of use of services is due to the nature of the services provided & not medical care. What is needed then isn’t a change of mindset, which has already taken place after the digitization of every other industry, but to bring improvement in the healthcare software development.
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