Finance Management in Auckland City Hospital

This assignment examines the financial management practices of Auckland City Hospital in Australia. It analyzes the hospital's tangible and intangible assets, highlighting their impact on service delivery. The report delves into various external environmental factors like political, economic, social, technological, legal, and environmental influences on the hospital's finances. It concludes by assessing how these factors align with the hospital's vision and mission of providing world-class healthcare.

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Introduction
This report analyzes the finance management in health care sector in Australia. The
health institution chosen to be used in the analysis of this subject is Auckland City
hospital. The vision of Auckland City hospital is “Healthy communities-World class
health care-Achieved together.” The mission of the hospital is “to improve the health
of the Auckland DHB population and all New Zealanders who access our services,
through quality health and services for the disabled.”
Auckland City Hospital has a variety of tangible and intangible assets which are used
by the hospital to facilitate its daily provision of health care services to patients. Some
of the tangible assets include; Dialysis machine, buildings housing the facility and
cash (Walshe & Smith, 2011). The intangible l assets include; electronic medical
records, workforce and certificate of need. The political environment has an impact on
the facility since the government policies and regulations regarding issues such as
electronic records and delivery of free medicine from the Government impacts the
operations of ACH (Information Resources Management Association, 2018). The
economic factors that affect the hospital touch on the resources such as buildings
owned by the hospital, land owned by the hospital as well as the workforce of the
hospital. The social environment impacts on the workforce of the hospital. The
technological environment impacts on the dialysis machines, blood screening
machines and the electronic data storage by the hospital. In Auckland City hospital,
the environmental factors impacts on the types of medicines used in the hospitals,
dumping of waste and environmental state of the hospital facilities where patients are
housed (Denton, n.d.). Legal factors affect the operations of hospital workforce, the
storage of patient data and management of finances allocated to the hospital (Crippen,
n.d.). The external environment of Auckland city hospital is in line with the vision
and mission of the organization since the resources are able to support the
achievement of the hospitals mission of protecting, promoting, and improving the
health care of communities in New Zealand. It also promotes the vision of “World-
Class Health care achieved together.”

References
Crippen, D. W. (n.d.). ICU Resource Allocation in the New Millennium [recurso
electrónico]: Will We Say "No"?.
Denton, B. T. (n.d.). Handbook of Healthcare Operations Management [recurso
electrónico]: Methods and Applications.
Information Resources Management Association. (2017). Health economics and
healthcare reform: Breakthroughs in research and practice. Hershey, PA: Medical
Information Science Reference.
Walshe, K., & Smith, J. (2011). Healthcare Management. Maidenhead: McGraw-Hill
Education.