Future Trends Health Care 2013 - Page 37

Facilities management - 1. Entering into an agreement with a service supplier to manage internal company facilities such as telecommunications or data-processing services. Facilities management does not involve the transfer of ownership of facilities to the service provider. 2. For government enterprises, FM is the most prevalent type of contractual relationship where the vendor assumes responsibility for one or more information technology (IT) functions. Unlike outsourcing, it refers to the vendor operating and managing the assets (usually hardware and software), but not taking ownership. In a government-owned, contractor-operated deal, the government owns the equipment and operating systems, and the contractor operates the equipment with its personnel. Usually, the equipment is maintained in a government facility, but it can reside in a vendor-owned facility. In a government-owned, government-operated arrangement, the government owns the equipment and manages the operation using contractor personnel. Source: Gartner IT Glossary FDA regulations and policies - As required by law, the Food and Drug Administration publishes regulations in the Federal Register, the federal government's official publication for notifying the public of many kinds of agency actions. Federal regulations are either required or authorized by statute. Source: www.fda.gov Finance - The system that includes the circulation of money, the granting of credit, the making of investments, and the provision of banking facilities Financial analysis - Answers specific business questions and forecast possible future financial scenarios. http://searchfinancialapplications.techtarget.com/definition/financial-analytics Financial management - The branch of finance that concerns itself with the managerial significance of finance techniques. It is focused on assessment rather than technique. Focused - Pay particular attention to. Foreign policy - A policy pursued by a nation in its dealings with other nations, designed to achieve national objectives. Fundraising - activity done to collect money for a political party, charity, school, etc. Source: Merriam-Webster Future appliances – Innovative appliances of the future, such as Google glasses and Apple Watch. Gamification - The use of game mechanics to drive engagement in non-game business scenarios and to change behaviors in a target audience to achieve business outcomes. http://www.gartner.com/it-glossary/gamification-2/ Gene Technology - The term given to a range of activities concerned with understanding the expression of genes, taking advantage of natural genetic variation, modifying genes and transferring genes to new hosts. Generation gap - differences of outlook or opinion between people of different generations. Generational diversity - Four generations participate within the American labor force termed the Silent Generation (roughly ages 59 and older), the Baby Boomers (ages 41 to 58), Generation X (ages 24 to 40), and Generation Y (age 23 and younger). Each of these generations has lived through a common set of social and historic events that have helped shape their unique attitudes, ambitions, and world views. Genetics - Genetics will enable doctors to personalize patient care, choose drugs that treat diseases most effectively, and assist individuals in understanding their risks to develop diseases or genetic conditions. Genomics - A branch of biotechnology concerned with applying the techniques of genetics and molecular biology to the genetic mapping and DNA sequencing of sets of genes or the complete genomes of selected organisms using high-speed methods, with organizing the results in databases, and with applications of the data ©Copyright North Central Texas InterLink, Inc. All rights reserved 34