Docstoc

Finance careers in health care

Document Sample
Finance careers in health care Powered By Docstoc
					Finance Careers In Health Care

If you think careers in the field of finance is limited to having jobs in
manufacturing and other more “business” like companies, then it’s time to
widen your perspective and look beyond the business districts. Finance
professionals like accountants, auditors and finance analysts are needed
in every field, including, and perhaps even more so, in the field of
health care. A finance career in health care is a worthy profession.

One can also view the health care industry as an advantage with regards
to advancement in their career. For starters, the industry will always be
in need of finance managers to tackle issues like accounting, budget,
insurance claims, health benefit claim, etc. Jobs will always await those
who are qualified.

Another thing is that it seems that amidst erratic economic instability,
the health care services is and will always be among the most stable
industry out there. With the increasing number of older people, and the
advancement of technologies that help improve healthy living, more and
more people will need health care services in the future.

Stable as it is, though, the health care industry is not without its set
of problems. However, moving into health care is still a good move if you
know what you’re getting yourself into. Not to scare you or anything, but
advancing your financial career towards health care is not something that
you should underestimate.

If you think that your background on corporate finance management is
enough to help you move easily about in the world of health services,
then you’re wrong. The first step when moving your career to the health
sector is that you need to be prepared.

Even though one would argue that accounting is simply accounting wherever
you go, there are certain concepts and ideas in the health care industry
which can be confusing. Mathematics and numbers can be considered as the
universal language but applying those numbers and the kind of mathematics
into a comprehensible and usable system requires knowledge and skills
that can be highly specific to a field of study. Health care is one of
that area.

In advancing your finance career in health services, it would be wise to
stack up on knowledge on HMO, home health care, managed care for
patients, PPOs, and similar medical terms, concepts and the like.
Studying these health related issues and concepts will keep you on your
toes and will help you make sound decisions.

You need to prepare yourself to battle head-on various government imposed
regulations on health services, lots of house or hospital rules and not
to mention existing regulations being handles by organizations from both
the medical profession and the finance industry themselves.

Don’t get me wrong. My aim is not to discourage people from moving to
health care from manufacturing and service oriented business. But rather,
the intention is to inform would be finance professionals of the needs of
the health care industry to give them time to prepare themselves towards
the transition.

Another way to prepare is to begin browsing job listings and similar
materials. These job postings will usually have descriptions telling
people who wish to apply what to expect from the job, the
responsibilities and other details.

In summary, having a finance careers in health care is a good career
move. Just be certain that it is something that you want and your
motivation to learn remains high. The profession is a good one and the
industry will stick around for a long time.

				
DOCUMENT INFO