Health Financial Management

Running head: HEALTH FINANCIAL MANAGEMENT
Health Financial Management
Name of the Student
Name of the University
Author Note

HEALTH FINANCIAL MANAGEMENT
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Abstract
The objective of this paper to address the emerging issue related to the health care service in the
USA, Australia and New Zealand. This study examines why the disparity exists in those
countries in spite of considerable GDP contribution in the health care expense. Finally, this paper
provides some effective solutions owing to mitigate the issues related to the quality and quantity
of the health care service.

HEALTH FINANCIAL MANAGEMENT
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Table of Contents
Introduction......................................................................................................................................2
Discussion........................................................................................................................................2
Comparison between the financial structure of Australia’s health care system with United
States and New Zealand.............................................................................................................2
Comparison among the performance of Australian healthcare system with the healthcare
system of New Zealand and United States.................................................................................3
Measures to understand whether Australia is performing better, worse or equal to other
countries......................................................................................................................................5
Financial implications for the health system of three nations..................................................5
Probable financial challenges provided with solutions for the three nations..........................7
Recommendations for the improvement of the Australian healthcare system.........................8
Conclusion.......................................................................................................................................9
References......................................................................................................................................10

HEALTH FINANCIAL MANAGEMENT
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Introduction
The Organization for Economic Co-operation and Development (OCED) is an
international organization engaged in the improvement, development and economic well-being
of 34 member countries. They compare and discuss the government policies and how these
policies can improve the economic condition of the counties. Expenditure on health is closely
related to country’s wealth.
Developed countries spend a high amount of their income on the health because of
having a higher GDP level, while less-developed countries have a low income levels and
percentage of expenditure out of GDP. The local government has an important role in the health
sector in shaping the economy with more investment and healthcare facility. The aim of this
appear is to compare the healthcare system of Australia with other OCED countries, United
States and New Zealand. This paper considers a decade of 2000-2010 to see the trends in the
share of government expenditure on health and estimate the performance of Australia.
Discussion
Comparison between the financial structure of Australia’s health care system with United
States and New Zealand
Among the member states, United States has the negligible role in operating the overall
funding of health care because per capita government spending is highest than any other nation
in the world (Shi & Singh, 2014). United States follows a unique healthcare system patterns
among advanced economies. There is no universal health care coverage and the system has
hybrid nature. United States have the accessibility for provision of public and private facility to
locals.