HEALTH CHALLENGES - Running head FINANCIAL CHALLENGES Major Challenge Facing Healthcare Facilities Name Professor Course institution Due Date

HEALTH CHALLENGES - Running head FINANCIAL CHALLENGES...

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Running head: FINANCIAL CHALLENGESMajor Challenge Facing Healthcare FacilitiesNameProfessorCourseinstitutionDue Date
FINANCIAL CHALLENGES2Major Challenge Facing Healthcare FacilitiesHospitals have a big challenge surviving in the present health climate, mainly due to financial issues. It has become a significant challenge to find adequate funds to use funding quality initiatives and other improvement projects while staying afloat (Lahaie, 2019). Economic challenges have made it difficult for health care to access digital innovation and other technological facilities in healthcare laboratories. New medical technologies are being developed faster, but hospitals are not enjoying them because of financial constraints. Another challenge is the poor management of investments. There is a growth in patients' demands, which calls for more financial resources to keep up. Healthcare facilities face tremendous pressure to minimize costs while boosting outcomes; this has made them put

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