Running Head: Healthcare Workforce 1
BUSINESS AND FINANCE 2
Healthcare Workforce
Yelena Mazur
Colorado Technical University
04/18/2019
The differences between healthcare finance management in Kenya and the US
The foreign nation that I have chosen to work for is the Republic of Kenya; one of the East African countries. I will be working as a healthcare finance manager. The job description of a health finance manager in Kenya and health finance manager in the United States of America are slightly different and so are the education and experience requirements for the job. In addition, the salaries are also different as Kenyan healthcare finance managers are paid significantly less than their counterparts in the US.
The first requirement on becoming a healthcare finance manager in Kenya is a bachelor’s degree in finance, accounting, or any business related degree. It is also necessary that one has a master’s degree that is related to the above-mentioned fields of study. Earning a master of Health administration places one at a higher chance of securing a good job. On the other hand, In the US require candidates seeking the position of health finance managers to have at the least four years bachelor degrees from accredited business schools in the majors of economics, statistics, accounting or finance. Major hospitals or healthcare organizations prefer candidates who have earned their master of Health administration (Singh, 2015). The necessary and the additional skills needed by healthcare finance managers in Kenya are quite similar to what is needed for the same position in the US. For example, it is mandatory that health care finance managers have an administration in the health care sector.
Kenyan healthcare care facilities do not hire finance managers who have less than five years’ experience in health care finance administration. As a matter of fact, most healthcare organizations prefer candidates who have close to ten years’ experience in the finance sector of a health organization (Barasa et al., 2017). On the other hand, American health institutions do not put too much emphasis on the working experience needed for one to become a health care finance manager as Kenyan healthcare organizations do. In the US having the right education qualification and at the minimum four years of working experience in the same role or a similar role would secure a person the healthcare finance manager position. This can be attributed to the high number of health care organizations in the US compared to those in Kenya.
There are four primary roles or duties of healthcare finance managers in Kenya. The first role of the position is the creation, reviewing and reporting of financial or monetary statements of departments of healthcare organizations as well as for the whole o.
1. Running Head: Healthcare Workforce
1
BUSINESS AND FINANCE
2
Healthcare Workforce
Yelena Mazur
Colorado Technical University
04/18/2019
The differences between healthcare finance management in
Kenya and the US
The foreign nation that I have chosen to work for is the
Republic of Kenya; one of the East African countries. I will be
working as a healthcare finance manager. The job description of
a health finance manager in Kenya and health finance manager
in the United States of America are slightly different and so are
the education and experience requirements for the job. In
addition, the salaries are also different as Kenyan healthcare
finance managers are paid significantly less than their
counterparts in the US.
The first requirement on becoming a healthcare finance manager
in Kenya is a bachelor’s degree in finance, accounting, or any
2. business related degree. It is also necessary that one has a
master’s degree that is related to the above-mentioned fields of
study. Earning a master of Health administration places one at a
higher chance of securing a good job. On the other hand, In the
US require candidates seeking the position of health finance
managers to have at the least four years bachelor degrees from
accredited business schools in the majors of economics,
statistics, accounting or finance. Major hospitals or healthcare
organizations prefer candidates who have earned their master of
Health administration (Singh, 2015). The necessary and the
additional skills needed by healthcare finance managers in
Kenya are quite similar to what is needed for the same position
in the US. For example, it is mandatory that health care finance
managers have an administration in the health care sector.
Kenyan healthcare care facilities do not hire finance managers
who have less than five years’ experience in health care finance
administration. As a matter of fact, most healthcare
organizations prefer candidates who have close to ten years’
experience in the finance sector of a health organization (Barasa
et al., 2017). On the other hand, American health institutions do
not put too much emphasis on the working experience needed
for one to become a health care finance manager as Kenyan
healthcare organizations do. In the US having the right
education qualification and at the minimum four years of
working experience in the same role or a similar role would
secure a person the healthcare finance manager position. This
can be attributed to the high number of health care
organizations in the US compared to those in Kenya.
There are four primary roles or duties of healthcare finance
managers in Kenya. The first role of the position is the creation,
reviewing and reporting of financial or monetary statements of
departments of healthcare organizations as well as for the whole
organization. The second role is advising the executive and
senior management of the organization on the best strategies to
improve revenue. The Third role is controlling risk by analyzing
the financial trends of an organization in order to steer the
3. organization away from loss. The last primary role is to oversee
a health care organization’s finance department. The primary
duties of a health care finance manager in the US are quite
similar to the duties of healthcare finance manager in the
Republic of Kenya; however there is one more primary duty that
a healthcare finance manager is expected to carry out in the US
which is not a primary duty for people holding the same
position in Kenya. Health care managers in the US are
responsible for the allocation of finances as well as resources of
the various departments of health care organizations. In
addition, healthcare managers are part of the senior management
of health organizations are exclusively advice the board on all
finance matters (Carnevale, Smith, & Strohl, 2013).
As of 2018, most health care finance managers in Kenya earn
between $45,652 and $80,500 per year depending on the size of
the healthcare organization as well as the specialization of the
healthcare organization. Their counterparts in the US earn a
salary of between$64,000 and $174,000 depending on the
experience and the institutions that they work for.
References
Barasa, E. W., Cleary, S., Molyneux, S., & English, M. (2017).
Setting healthcare priorities: a description and evaluation of the
4. budgeting and planning process in county hospitals in
Kenya. Health policy and planning, 32(3), 329-337.
Carnevale, A. P., Smith, N., & Strohl, J. (2013). Recovery: Job
growth and education requirements through 2020. Georgetown
University Center on Education and the Workforce.
Singh, D. A. (2015). Essentials of the US health care system.
Jones & Bartlett Publishers.
Running Head: HEALTHCARE 1
HEALTHCARE 2
HEALTHCARE
Colorado Technical University
Yelena Mazur
04/15/2019
Comparison between United States, Canada and Germany.
Compare a foreign country's quality of care to the United States'
quality of care.
United States spends most of its money every year on health
care services as compared to other countries, (Harris-Kojetin, et
al., 2016). Although the outcome is not that good. The United
5. States puts more resources and funds into healthcare more than
Canada, (Burns, et al., 2016). Patient care in Canada is higher
as compared to the United States. There is also a difference in
low infant mortality rate and higher life expectancy in Canada
as compared to the United States.
No barrier for residents of Germany to access healthcare. The
trains in Germany are convenient and efficient throughout
Germany. Access to medical care in the United States is
difficult, especially in rural areas. In addition, Germany suffers
from moral hazards, lack of knowledge or the desire to
understand healthcare.
Compare a foreign country's cost of health care to the United
States' cost of health care.
The healthcare system in Canada and the united states is very
different. Canada has a publicly funded system and single payer
while the United States has multiplayer. The Canada healthcare
Act states that all residents should have a public insurance plan.
They ensure that all citizens have medical coverage and can be
treated anywhere in the country with any hospital or doctor.
Therefore, there is no financial barrier to access healthcare
services in Canada as compared to the United States. German is
more compelling in comparison with the United States in regard
to low expenses, financial hinderance does not exist, more
administration is given. Germany has a lower child death as
compared to the United States, (Heyer, et al., 2016).
Compare 1 of the foreign countries' access to medical care to
the United States' access to medical care.
Canada healthcare services can easily be accessed while in the
United States one in five people are not insured. Healthcare in
Canada is more equitable as compared to that of the United
States. The United States offers a platinum plan, a policy where
one pays 60& of the bill or cheapo bronze policy, (Coyte &
McKeever, 2016). The health care policies in the United States
has led to inequality. Healthcare in the United States is said to
be unreliable. Benefits of healthcare highly depend on how
much one spends on healthcare, how old someone is, where they
6. live as well as their occupation.
Examples of World Health Organization (WHO) help to provide
health care in times of need
WHO provides help in situations such as natural disasters such
as the earthquake that happened in Haiti in the year 2010, Ebola
outbreak in Liberia in 2015 and the Cholera outbreak that
happened in Mozambique in 2015. The organization provides
funds for research in health care issues or crisis. For example,
research on infectious diseases and come up with treatment
measures, vaccines, and preventive ways. It funds medical and
health researches whose findings, recommendation or results are
important in times of disaster example include researches on
transmitted diseases and looking for vaccines, treatment and
ways to prevent the disease from spreading, (Kamradt-Scott,
2016). The organization advocates for consistence resources
and political support to prepare, and respond to disasters. Places
like Haiti and Japan have experienced disaster before and are
prone to disasters. In conclusion, the organization has built
partnerships for emergency management and confirms that they
are coordinated.
Reference
Burns, E. R., Stevens, J. A., & Lee, R. (2016). The direct costs
of fatal and non-fatal falls among older adults—United
States. Journal of safety research, 58, 99-103.
Coyte, P. C., & McKeever, P. (2016). Home care in Canada:
Passing the buck. Canadian Journal of Nursing Research
Archive, 33(2). Retrieved from
http://cjnr.archive.mcgill.ca/article/view/1631
Harris-Kojetin, L., Sengupta, M., Park-Lee, E., Valverde, R.,
Caffrey, C., Rome, V., & Lendon, J. (2016). Long-term care
providers and services users in the United States: data from the
National Study of Long-Term Care Providers, 2013-2014. Vital
& health statistics. Series 3, Analytical and epidemiological
studies, (38), x-xii.
Heyer, K., Herberger, K., Protz, K., Glaeske, G., & Augustin,
M. (2016). Epidemiology of chronic wounds in Germany:
7. Analysis of statutory health insurance data. Wound Repair and
Regeneration, 24(2), 434-442.
Kamradt-Scott, A. (2016). WHO’s to blame? The World Health
Organization and the 2014 Ebola outbreak in West Africa. Third
World Quarterly, 37(3), 401-418.Retrieved from
https://www.tandfonline.com/doi/abs/10.1080/01436597.2015.1
112232
RUNNING HEAD: HEALTH STATUS 4
Colorado Technical University
Student’s name: Yelena Mazur
Professor’s name: Kimberly Christensen
Course: Global Health Systems (HSS420)
Date : 4/03/2019
Health status is very important in determining a countries
economic status. Countries that are ranked with the highest
health status are more developed economically as compared to
those that have low health status. It is evident that healthy
people are able to participate more positively towards an
economy a country and therefore spark high economic growth.
On the other hand, people who are not healthy are not able to
actively spark economic growth. United nations strategy of
addressing poverty around the world is comprised of improving
the health status of various groups of people. This affirms that
health is very important in economic prosperity. Economic
status of a country can be measured using various tools like
GDP, This can be attributed to several factors.
First, the health status of an individual can be used to
determine life expectancy. It has been suggested that countries
with high life expectancy experience growth in their economic
status. High life expectancy results in increased economic
8. growth in various ways. People who live longer have an
increased opportunity to continue investing in the economy
through the starting of business. This in results increases
revenues collected by the government and also creates
employment opportunity for the people. Increased investment
translates to people having income and positively contributing
to economic growth through various activities. Again people
who have long life expectancy tend to be productive for more
year. It's known that productivity stimulates economic growth in
countries in several ways (Finlay, 2017).
Also, health status affects the educational levels in a country.
Its widely acknowledged that education is very crucial
economic development. This means that if education is affected
by health status, economic status is also affected. Health status
effects may affect the cognitive abilities of student and hinder
them from learning. This affects the quality of services which
are rendered by such individuals. Lack of quality skills
translates into low wages which in turn affect economic status.
On the other hand, people who are healthy have high chances of
acquiring a good education and learning more skills. This
improves productivity and thereby translates to higher wages. It
has been seen that developed countries have highly skilled
people who earn higher wages. This is a result of good health
status which facilitates them to have a quality education.
Higher wages for the population directly affects economic
growth. People with higher wages have the ability to invest the
money and create more employment opportunities which in turn
result in economic growth. Health has been attributed to job
output. People who are healthy tend to be more productive than
unhealthy people. The productivity of people is defined using
physical and mental abilities. Workers who are healthy are less
likely to miss out on work due to health issues. Again, healthy
workers have mental abilities that ensure they make good
decisions (Peters & Et al, 2014).
Also, Health status affects the ability of governments to set and
maintain health systems. In countries where there is bad health
9. status, governments are unable to set up functional health
systems. This is attributed to reduced productivity and hence no
resources are available to set up a fully functional health care
system. This means that the cost of health goes up and people
are not able to save enough money for spending on other
purposes like investing in business and education. This makes
it important for countries to ensure good health in their
populations for high economic status (Bloom, Canning, &
Sevilla, 2017).
Table 1: Comparison of health status in regard to economic
status.
Economic status
Access (%)
Quality (%)
Cost (%)
Low Income
12
21
73
Middle income
70
42
52
High income
95
87
29
References
Bloom, D., Canning, D., & Sevilla, J. (2017). The e§ect of
10. health on economic growth: A production function approach.
World Development, 1-13.
Finlay, J. (2017). The Role of Health in Economic
Development. world development, 1-18.
Peters, D. H., & Et al. (2014). Poverty and Access to Health
Care in Developing Countries. New York Academy of sciences,
412-420.